Canadian Immigration has several categories, and the Canadian Business Class is one of them. Under this, relatively high net-worth individuals with business or managerial experience can qualify for Canada Immigration or Permanent Resident visa.
This class has three further sub-categories:
Here’s the list of documents:
Even if you have shown indication towards a particular province or territory in Canada on your application form, once you become a Canadian permanent resident, you can live, work or perform business activities in any region in Canada.
This freedom does not apply to Quebec where entrepreneurs are required to establish or acquire a portion of a commercial enterprise in that province in order to manage it.
Kindly note that the Federal Investor Program was terminated on June 19, 2014.
Here are the conditions of the Federal Investor Program:
For any two years within the last five years, you should have managed or supervised at least five employees.
Here are the conditions for an Immigrant Investor who is planning to reside in Quebec:
The Immigrant Investor Venture Capital Pilot Program is closed temporarily. New applications are not being accepted at this time.
If you are an immigrant investor seeking to reside anywhere in Canada but Quebec and want to go for the Immigrant Investor Venture Capital (IIVC) Pilot Program, here’s the list of requirements that you have to meet:
All such proofs must demonstrate the origin and accumulation of your wealth. These documents should comprise reliable, third-party documentary evidence. For example:
All such proofs should demonstrate that your assets, including gifts or inheritances, were gained through legal means.
There is no such obligation.
Under the Immigrant Investor Venture Capital Pilot Program, the investment has to be made once the application of the candidate gets approval.
All information related to funding management, its terms, and conditions, etc. is given in the agreement that the immigrant investor enters into with the IRCC. The agreement has to be signed prior to the applicants making their CAD $2 million non-guaranteed, at risk, investment.
If you want to immigrate via the Quebec Investor Program, you have to commit CAD $800,000 as the investment amount before you receive the final approval from Quebec immigration officials.
If you are under the Immigrant Investor Venture Capital Pilot Program, you have to invest only if your application is approved. Once approved, you have to invest CAD $2 million in the Immigrant Investor Venture Capital Fund for approximately 15 years.
Do note that this is an at-risk investment. It is possible that you may lose some or all of this investment. On the other hand, as is the case with any venture capital investment, you may receive proceeds either overtime or towards the investment term’s end. These proceeds depend on the IIVC Fund’s performance.
If you are under the Quebec Investor Program, the government of Quebec guarantees the investment of CAD $800,000, and this amount is returned in full after a period of five years.
The Quebec Immigrant Investor Program considers managerial experience in a government, governmental, or international organization. So, it appeals to people from a wide range of backgrounds.
Here are the requirements if you are going to reside anywhere, but Quebec, in Canada.
Here are the requirements if you are going to reside in Quebec:
You have got a business in Quebec which meets all the same requirements.
Here are the requirements if you are an applicant for a Start-Up Visa:
When an entrepreneur arrives in Canada under this program, within three years, you should:
You may lose Canadian permanent residency if you are unable to fulfill these stipulations.
Yes, you are encouraged to make an exploratory visit so that you are able to properly evaluate the business environment of the area you want to set it up in.
No, you are not. However, you will have to do so if you intend to establish or acquire a business in Quebec.
First, you should be able to show the intention, ability, and experience required to either establish or acquire a business in Canada which will ensure your own employment while leading to a noteworthy impact on activities like farming or athletics in Canada. Second, your business should create adequate revenue to support you and your family/dependents.
If you are going to be in Quebec:
Yes, you are encouraged to make an exploratory visit so that you are able to properly evaluate the business, cultural or artistic environment of the area you want to locate in.
The net worth for self-employed individuals will vary on the basis of the location and nature of the venture.
Understanding Permanent Residency in Canada Gaining a Permanent Residency in Canada signifies a gateway to stability, opportunities, quality education, ample job opportunities and a thriving future. Express Entry for skilled...Continue reading