Through Canada's Business Class program, Canada aims to attract individuals that have a significant ability to contribute to the Canadian economy, promoting economic development and bettering the job market by attracting investors, entrepreneur, and self-employed from outside with available venture-capital, significant acumen, and entrepreneurial skills. Most of these business offer Permanent Residency along with their family and get benefits provided such as universal healthcare, free public education.
There are many different categories to apply under Business Visa: Investors, Entrepreneur, Start Up visa program, Self- employed program, Quebec Immigration Investor.
1. Immigrant Investor Program
The Immigrant Investor Program is designed to attract qualified business people who are able to contribute to Canada's economy.
- The investor must not intend to live in Quebec
- The Investor must be able to demonstrate that he or she has the necessary business experience. This can be done by having owned and operated a qualifying business or by managing a staff of at least 5 employees.
- The Investor must have a minimum net worth of $ 2,000,000
- The Investor must make a $1,200,000 investment to government, it will be returned in full after 5 years without interest.
2. Federal Entrepreneur Program
Individuals with a certain net worth and business management experience who intend to own and actively manage a business in Canada.
- The applicant intended destination is anywhere in Canada, except Quebec
- The applicant must either establish a new business or acquire at least 33.3% equity in an existing and qualified Canadian business in which the investor must actively manage
- The business must create at least 1 new employment position for a Canadian citizen or Canadian permanent resident.
- The applicant must have a minimum net worth of $300,000 that has been legally obtained
- The applicant must have sufficient business experience. This can be demonstrated by having previously managed and owned a qualified business
- The applicant must not be found inadmissible for medical or security reasons.
Once approved under the Federal Entrepreneur Program, the investor along with his or family can apply for their Canadian permanent visa.
3. Self- Employed Program
Self-Employed Program is for people who have skills in business athletics, culture (authors/writer/creative and performing artist/musicians/painters/ sculptors and other visual artists/technical support and other jobs in motion pictures/creative designer/craftspeople) or farming and can start their own business. These people must demonstrate how they will finance the business as well as their skills in those particular areas. To immigrate as a self-employed person, you must:
- have relevant experience at least 2 years of participation in cultural activities or athletics at a world class level
- have at least 2 years experience of self-employment in cultural activities of athletics, or
- have at least 2 years of farm management experience
- purchase and manage a farm in Canada
- must score at least 35 points out of 100 potential points on a selection grid
- be willing and able to be self-employed in Canada
- meet the program's selection criteria that include the experience, education, age, language and abilities
- meet medical security and other conditions.
4. Start-Up Visa
Canada's Start-up Program target immigrant entrepreneurs with the skills and potential to build business in Canada that are innovative, can create jobs for Canadians, or can compete on a global scale.
To apply for the Start-up Visa Program, your business idea or venture must get the support of one or more of the designated organizations such as Venture capital funds, Angel investor groups or Business incubators.
To be eligible for the Start-up Visa Program, you must have a qualifying business, get a letter of support from a designated organization, meet the language requirements and bring enough money to settle.
* Designated organizations are business groups that are approved to invest in or support possible start-up through the Start-up Visa Program. Organization choose which business proposals to review. Each organization has its own intake process for proposals and criteria used to assess them. For example, you may be asked to present your business concept in person or submit a detailed business plan.
If an organization decides to review your business idea, it will assess the potential of proposal and whether or not it will succeed.
If an organization choose to support your business idea, it will give you a Letter of Support.
* Have a qualifying business means you created a business that meets the following conditions:
- At the time you get a commitment from a designated organization:
. each applicant holds 10% or more of the voting rights attached to all shares of the corporation outstanding at that time (up to 5 people can apply as owner)
. applicants and the designated organization jointly hold more than 50% of the total voting rights attached to all shares of the corporation outstanding at that time
- At the time you receive your permanent residence:
. you provide active and ongoing management of this business from within Canada
. an essential part of the operations of the business happens in Canada
. this business is incorporated in Canada.
* Meet the language requirements: you must meet the minimum level of the Canadian Language Benchmark (CLB) 5 in either English or French in speaking, reading, listening, and writing.
5. Quebec Immigration Investor
Allow individuals to immigrate Canada by making a government secured passive investment. The investment of $1,200,000 is guaranteed by the Quebec government, where the government will hold onto the money for a period of 5 years and will returned in full with %0 interest after 5 years. To be eligible you must:
- must have a net asset worth of at least $2,000,000 obtained legally. It may include the assets of spouse.
- must have 2 years of experience in the management of a business, within the past 5 years since the application is submitted
- must intend to settle in Quebec and sign an agreement stating that you will invest $1,200,000 with a financial intermediary which is authorized to participate in the Quebec Invest Program.
Other factors such as age, language skills, years of training and education will also be a part of the assessment of applications. Successful applicants will be issued a Quebec Selection Certificate by the government of Quebec.
6. Quebec Entrepreneur Program
The Quebec Entrepreneur Program focuses on attracting business people who wish to establish or invest in an acceptance business venture. Interest foreign entrepreneur may be granted special entry into Canada for an exploratory visit.
The Quebec Entrepreneur program has 2 components for the applicant to choose from which depends on whether the applicant wants to start a business in Quebec or acquire a business in Quebec. Whether the applicant wants to start a business or purchase an existing business in Quebec, the applicant must own at least 25% of the capital equity of the business or acquire in Quebec. Applicants who wish to start their own business must manage the business themselves or with the spouse.
- the applicant must have net assets of at least $300,000 legally
- the applicant must at least have 2 years of management experience running a business. It must have been in a business that was both legal and profitable (agriculture, industrial or commercial) and controlling at least 25% of the business capital equity
- the applicant must intend on living and starting the proposed business in the province of Quebec
- age, language skills, personal qualities and knowledge of Quebec are also the factors.
Once the applicant arrives in Quebec, the application must comply with the following conditions for at least one of 3 years after being granted their Canadian permanent residency:
- must follow through with his/her plan to purchase or acquire an acceptance business with a minimum ownership of 25% of capital equity with a value of at least $100,000
- the business must employ a Quebec resident other than the applicant or the applicant's family member on a full-time basis (minimum of 30 hours per week). The agriculture entrepreneur is not obligated to create or maintain full-time employment
- must participate in the daily management and operation of the business.