Bussiness Immigration Services
Overview of Business Immigration Services in Canada
a) Start-up visa: Immigration Canada allows individuals across the global who are capable of building a business that would be globally competitive and would create more jobs for Canadians. If the Foreign National satisfies all the terms of the program requirements, they would then be eligible to get the Permanent Residency of Canada. Until they get their PR, they are eligible to get an open work permit which then allows them to start working in Canada towards their business. For those pursuing a work permit Canada, this program provides a unique opportunity to establish their business and career.
Eligibility Criteria – Business Immigration Services:
- Must meet the minimum language proficiency requirements: The candidate must be able to score a minimum of CLB 5 in one of the approved language tests (IELTS, CELPIP, TEF OR TCF) in all the modules.
- Must be able to provide enough settlement funds in Canada: The settlement funds would vary as per the family size. It starts from $12960 and goes all the way until $35000 approximately.
- Must be able to build a qualifying business: The applicant should have a minimum of 51% of the voting rights. Every applicant should hold at lteast a minimum of 10% of the corporation’s voting right at the time of getting a commitment from any designated organization.
- Must be able to obtain a letter of support from “a community” or “a designated organization”: These are the groups of business that are approved by the Immigration Canada who are allowed to invest and support potential start-up business via this program. Every organization has a specified minimum investment requirement:
- Business Incubators :No minimum investment security required.
- Angel Investor Groups :$75,000
- Venture Capital Funds:$200,000.
b) Self-employed: IRCC has opened up this stream to allow self-employed people in other countries. They must have relevant experience and as long as they are willing to make a “Significant Contribution” to Canada’s athletic or cultural industries they would be on the pathway to become Permanent Resident under this category.
The qualifying people would have to have a minimum of 35 points out of 100 based off of the below mentioned 5 factors:
- Age
- Education
- Language Proficiency
- Relevant Experience
- Adaptability Factors
Explore Key Immigration Programs for Business Owners
Business Visitor Visa: Learn about the visa options that allow business owners to visit Canada for meetings, conferences, and trade shows.
Self-Employed Persons Program: Discover how this program helps entrepreneurs and professionals who wish to live and work in Canada.
Corporate Immigration: Explore options available for companies wishing to establish or expand their operations in Canada.
Family Sponsorship: Find out how business owners can use Family Sponsorship to sponsor their family members for Canadian permanent residency.
Each of these pathways can enhance your ability to do business and settle in Canada!
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