There are enormous opportunities for foreign business owners in Canada. A significant number of ambitious business owners grace the shores of Canada every single year, and you can also be one of them.
Through the Business Immigration Program, which encourages migrating people that can successfully invest or establish businesses in Canada, the Government of Canada hopes to attract investment and employment in the country.
This article provides an outline of the different visa programs open to business owners looking to immigrate to Canada. Read on to discover which one suits you.
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Businesses/managers with a comparatively high net worth and managerial experience may be able to move to Canada through any of the five Canada Business visa sub-categories:
This is the best option for investors looking to immigrate to Canada. For a successful application, you’ll need to demonstrate that you are innovative, able to create jobs for citizens of Canada, and have a high level of competitiveness abroad.
A startup visa applicant must meet the following requirements:
This immigration stream is suggested to entrepreneurs as they contribute to the Canadian economy and create employment opportunities. Applicants who are successful receive permanent residency status in Canada and the ability to establish a business in the country.
Applicants for the Entrepreneur Program must meet the following requirements:
Those who choose to enter this business immigration program do so to establish a new business in Canada or purchase a business that would have a “significant” impact on the economy and/or culture.
Applicants for the Self-employed Persons Program must meet the following requirements:
Other selection criteria include:
Since this is based on provinces, the process and requirements vary slightly from province to province. Here is an example of how the British Columbia PNP works.
For those who have established a business and wish to expand to Canada, corporate immigration is the ideal option. The purpose of this immigration program is to facilitate the smooth relocation of employees of small, large and medium companies to Canada.
When employees are transferred to Canada, essential legal procedures must be followed.
In some cases, border services officers may require proof of a business immigrant’s activities. Meanwhile, visa exemption may apply to some business visitors from visa-exempt countries. It is still possible for the individual to require an eTA (electronic travel authorization) if they arrived in Canada by air.
The family members of business immigrants are welcome to come to Canada with them. However, each of them must obtain a visa.
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