Canada is one of the most popular as well as the easiest countries to start a business. Many people considered that Canada is one of the top 10 most comfortable nations for doing business. The main reasons behind this situation are Canada is tremendously rich in natural resources; it has skilled labor, and also it has a stable government.
Canada is a highly developed country with respected judicial and court systems, low unemployment rates, low crime rates, a better medical system. It has a great education system, strict gun control laws, and a rich cultural tradition that is on display at the nation’s numerous festivals and fairs.
Besides these, Canada has the most robust economy in the world. Canada’s major sectors are energy, natural resources, aeronautics, and automobiles. It has launched various programs for encouraging foreign citizens to invest in the country which includes numerous investment-based immigration opportunities.
In the following portion, I am going to talk about those-
Start-up Visa Program
It is Canada’s newest investment-based visa program. The start-up visa program is an ordinary investor visa option that permits you to immigrate to Canada through starting a business anywhere in the country.
For becoming successful with your application, you and your business have to meet some requirements. Your company has to be innovative, have to create jobs for Canadian and have to be able to compete internationally. At your waiting period for the application’s approval, you can also apply for a temporary work permit. Some more requirements are mentioned in the following portion-
When a one designated organization commits to your business
- All applicants must have to hold 10% of the voting rights attached to all outstanding shares of the company
- Jointly with the selected organization, they must have to keep 50% of the voting rights attached to all outstanding shares of the business.
After receiving permanent resident, you must have to make sure that-
- You are active in the management of your business
- The crucial operations of the company take place in Canada
- The company is integrated into Canada.
Letter of Support
You certainly have to obtain a letter of support from a designated organization that clearly says they are willing to invest and support your business. These organizations can be-
- Venture Capital Firms ($2000.000 investment)
- Angel Investor Groups ($75,000 investment)
- Business Incubators.
In speaking, listening, writing, and reading either in English or French, you must have to obtain a minimum score of Canadian language benchmark level 5.
You have to be able to verify that you have enough money to maintain you and your family because the Canadian government won’t give financial support.
When the Canadian immigration authority approves the investor’s application, the investor and the family of investors will get permanent residence cards. Even the new business fails, that card will not be invalidated.
Then the investor and family will be able to live, study, work and travel in Canada. But they must have to live in Canada for at least two years to become eligible as a Canadian citizen.
An start-up visa program accepts applications, and it allows for an initial period of five years. After five years, the government of Canada perhaps will re-evaluate it. Every year 2,750 visas will be issued under this mentioned program.
This visa gives its owner permanent resident status and permission to live and operate a business in Canada.
For getting this visa, the foreign investor must have to minimum two years of business experience within the last five years. The applicant has a minimum personal net worth of $ 3000,000CAD. They must have to have ownership of one-third of Canadian business.
Clean criminal record and passing medical history is also required. Besides, the investor has to occupy at least one Canadian citizen (non-family member), and they have to have skill in English or French.
The investor’s application get additional preference if the investor can show that he or she has adapted Canadian life by visiting Canada in the last five years. Moreover, they can also participate in an immigration program that was run as the joint federal-provincial initiative.
However, the entrepreneur visa program is temporarily suspended, and at this time, Canada is not receiving an entrepreneur visa application.
Another option of immigration by investing is the investor visa. Requirements for this visa are-
- Have at least $1,600,00CAD personal money
- Has business experience of two years
- Assurance to make $8000,000CAD investment in Canada.
After getting immigration authorities approval for the application, the investor has to invest within the next 30 days. Canada will divide this investment into its provinces and territories for developing those area’s economics and for creating jobs.
One prominent benefit of such kind of program is an investment is inevitable. The Canadian government will return the investment after five years (without interest).
Remember, this program is also temporarily suspended, and Canada in not allowing any applications for this visa program.
Canada has a fast-growing economy. It is performing an essential role in the global stage. Recently Canada has become one of the most attractive places for immigration.
Canada has several entrepreneurs and investor visa options for you if you would like to immigrate to Canada as an entrepreneur or investor. At present, two of them are not accepting applications, but one is still receiving application, which will allow in the upcoming five years.
So, if you want to immigrate to Canada as an investor, don’t be late, just grab the opportunity.
As a Canadian citizen, there are lots of benefits to you. After getting the Canadian passport, you will be able to short-term visa-free travel to more than 150 countries. You will also get the right to vote in elections.
Canada has a diversified culture and a stable government. It is considered one prominent safest place in the world. All of these facilities are making Canada a fascinated place for foreigners.
By investing in Canada, you can also obtain Canadian citizenship. I hope that the following information will assist you in gathering information for your investment in Canada.