An Insight into Canada Business Immigration
Thanks to its pretty speedy and gainful program of business immigration, its globally recognized standard of life, extremely low taxes for business, not to mention location, Canada has emerged as the most sought after place for the purpose of business and family immigration in the whole world. Apart from other usual advantages offered by the country, this beautiful nation is well-known for its banking system, which is regarded the best in the whole world.
Its Business Immigration Program much inspires foreign business owners and managers who wish to invest or start a business in the country. Those who succeed and their close family members get the status of a permanent resident of the country, and they also qualify for submitting an application for citizenship, provided they have resided in the nation for a period of three years. Those applying are evaluated on the basis of the selection criteria of Canada Citizenship and Immigration. It needs to be mentioned that those applying for Quebec have separate eligibility requirements.
Canada Business Class Immigration: Categories
The Canadian Immigrant Investor Program: Those applying under this class must have a net worth of not less than CAD$16, 00,000. Candidates who emerge successful must have an experience of two years involving business management. They must make a secured investment to the tune of CAD$800,000. A part of this amount could be well generated through financing. Citizenship and Immigration Canada has brought out the Immigrant Investor Program to boost employment and economic development in the nation. It is doing so by attracting people with capital, business acumen, not to mention excellent managerial expertise.
In one’s capacity as an Immigrant Investor, he and his immediate family may get Canada Immigration (Permanent Resident) Visas by pumping in CAD$800,000 for five years under the Federal Program. This is for those wishing to live anywhere in the country, excluding the Quebec province. This particular program is guaranteed by the government. It gives a guarantee that at the conclusion of five years, one’s CAD$800,000 will be completely refunded. However, no interest would be paid.
The Self-Employed Program: People applying under this section must possess experience in cultural activities; for instance, in their capacity as artists and artisans; farming; or athletics. Although no particular minimum net worth requirements exist, those applying must possess enough funds, so that they could support close members in the family.
The Entrepreneur Program: People applying under this section must have a net worth of not less than CAD$300,000, and must have also suitably managed and exercised supervision over a qualifying business. Those who emerge successful must establish a business in the nation within a span of three years of becoming a
The Business Immigration Program of Canada much inspires foreign business owners and managers to invest in Canada, or start a business there. Those who succeed and their close family members get permanent resident status of the country. They also qualify for submitting an application for citizenship provided they have lived in the country for a period of three years.
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