Canada has one of
the world's most comprehensive business immigration programs and
welcomes successful business people seeking new opportunities and
challenges.
Canada Business Immigration Program is designed to promote, encourage,
and facilitate the admission of such people to Canada. To be selected
as immigrant, the applicant may qualify as "entrepreneur",
"self-employed" or "investor".
The "entrepreneur program" might be attractive to individuals
who have the necessary expertise and are willing to create a business
in Canada.
To qualify for this category, an applicant must:
- have a minimum net worth of CAD $300,000 accumulated through
legitimate business or investment means.
- Have at least three years of management experience (planning,
supervision and control of human, physical and financial resources)
acquired in a lawful and profitable business (agricultural,
industrial or commercial);
- demonstrate his intention of setting up a business in Canada.
The entrepreneur is encouraged to make an exploratory trip to
Canada to better determine the business requirements to which
he may be subjected;
- intend and have the ability to provide ongoing participation
in the management of a business that he will establish, purchase
or make a substantial investment and will create or maintain
at least three jobs other than for the entrepreneur and his
dependants.
The entrepreneur is admitted to Canada on a conditional basis. The
condition will be removed when the entrepreneur will satisfy the
following conditions for at least one year in the three years after
he become a permanent resident:
- Must control at least 33 1/3% of the capital of an eligible
Canadian business;
- Must manage the corporation actively and continuously;
- Must create the equivalent of at least one full-time equivalent
job for Canadian citizens or permanent residents other than
himself and members of his family.
| SELF-EMPLOYED |
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This category is similar to the entrepreneur
category, although, there is no requirement to provide jobs for
others.The permanent visa is unconditional.
As self-employed applicant you must :
- come to Quebec to create your own job by practicing an occupation
in your own account;
- possess a lawfully acquired minimum net worth of C$100,000
along with your accompanying married or common-law spouse, where
applicable;
- have at least two years of experience as a self-employed worker
in the occupation you plan to pursue in Quebec.
| INVESTORS |
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Many potential immigrants are not interested in the "entrepreneur
program" since they are not interested in a conditional visa
or they simply do not wish to create a business in Canada within
the two years of their landing. For these applicants, the "business
investors program" is the most appropriate.
To qualify for this category, an applicant must:
- have a minimum net worth of C$ 800,00 acquired through lawful
economic activities;
- have at least three years of management experience (planning,
supervision and control of human, material and financial resources)
in a profitable and lawful business (agricultural, industrial
or commercial), in government or with an international agency;
- invest CAD $ 400,000 (four hundred thousand Canadian dollars)
for 5 years. This fund is secured by blue chip bonds of multinational
corporations or banks.
| FINANCING |
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Many clients, though able to meet net worth requirement for the
Program, have difficulty raising liquid cash in a short period of
time. Alternatively, some client might have an extremely profitable
business and would not want to take capital away from these businesses.
To better serve such clients, some financing options are offered.
According to the Immigration Investment Plan, the candidate must
invest $400,000 for a period of five (5) years. The candidate can
borrow money and the invest only the difference between the $400,000
and the money borrowed.
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