What is a Business Immigration Visa?

Canada offers fantastic opportunities for  businesses wishing to expand. However, the immigration process is by no means straightforward and offers its share of complexities. That is essentially why immigration lawyers work in accordance with business clients to prepare application packages. When you need to focus on building a business in a new country, let the experts help you through the complicated legal system.  So that you may focus on beginning your new life in Canada.

How To Qualify for  Investor Immigration

Applicants interested in the Investor program must meet certain requirements.  For this program, you must:

  • Have successfully operated, controlled or directed a business.
  • Have accumulated through his or her own endeavors a net worth of at least CAD$1,600,000
  • Invest CAD$800,000 for five years with the Department of Citizenship and Immigration Canada which acts as an agent on behalf of provincial and territorial investment funds.

(Note: Your $800,000 can be financed so that you could invest $200,000 of your own capital, for example)

An applicant destined for the Province of Quebec must:

  • Have at least three years of managerial experience in a profitable commercial, industrial or agricultural business or, alternatively, have at least three years of managerial experience in a government, governmental organization, or international organization.
  • Have accumulated a net worth of at least CAD$1,600,000 through legitimate economic activities; and
  • Invest CAD$800,000 for five years in a Quebec-approved investment fund.

Entrepreneur Immigration Program

Be aware that this program is likely to be cancelled and is no longer a viable option for most applicants. The Entrepreneur must also meet certain conditions in connection with his or her business in Canada. The Entrepreneur must:

  • Establish, purchase or make a substantial investment in a business in Canada within 2 years of landing in Canada which will result in a significant contribution to the economy
  •  Engage in active and ongoing participation in the management of the business
  •  Employ at least one Canadian Citizen or Permanent resident other than the Entrepreneur and his dependents.

To ensure that these conditions are met, entrepreneurs are required to report to immigration officials with their progress on a regular basis within this two year period.

Self-Employed Immigration Program

To qualify under the Self-Employed category, an applicant must demonstrate an intention and ability to establish or purchase a business in Canada. Furthermore, the business must keep him or her employed and make a “significant” contribution to the economy or the cultural or artistic life of Canada.  Applicants must demonstrate that the proposed business will generate sufficient revenues to support the applicant and his or her dependents. This may include:

  • Farmers
  • Artisans
  • Sports personalities
  • Actors
  • Consultants
  • Operators of small business outlets that may be in demand

Assessment in this category is based upon:

  • Business ability and experience (when applying under the economic contribution component of the Self-Employed description);
  • Artistic qualifications (when applying under the artistic/cultural component of the Self-Employed description); and
  • Net worth (sufficient to establish/purchase the proposed business).

Business immigrants must apply at one of nine Business Immigration Centres:

Coming to foreign country to fulfill your business goals can be both ambitious as well as risky.  Investing in an immigration lawyer to go over the fine print may prove to be a sound decision. Niren and Associated specializes in immigration law and has reviewed thousands of cases. If your livelihood is dependant upon your success, then it is always in your beat interest to provide yourself with all the advantage you can.

For a consultation with one of our Immigration Lawyers in the Vancouver, BC area, contact us today.

 Your knowledge of the process was impressive, but we were more influenced by your understanding of our needs related to bringing a new business into Canada. At the rate we are growing across the country, it is very comforting that we have found someone whose ability and results-driven attitude can keep pace with one of the fastest growing franchises in the world. You are impressive!  – Greg W.