Business Immigration

Business Category

There are three kinds of applications under the business category:

-Investor
-Entrepreneur
-Self-employed

Investor

1. Successfully operated, controlled, or directed a business;
2. Accumulated a net worth asset of at least CDN800,000 by their own efforts and;
3. Required to make an investment of CDN400,000 in Canada Fund.

An Investor is defined as a person who has successfully operated or controlled or directed a business or commercial undertaking and who has accumulated wealth through his or her own endeavours of at least CAD800,000. They must be able to invest in an approved immigration fund in Canada.

Immigration Canada will act as agent on behalf of provincial and territorial funds. A single federal window will replace the numerous funds currently available to investors. Prior to visa issuance, immigrant investors, with a minimum net worth of CAD800,000, will pay CAD400,000 to the Receiver General for Canada. Immigration Canada, as agent, will prepare and deliver to the investor a debt obligation in the amount of $400,000, repayable (without interest) 30 days after the expiry of the allocation period. The allocation period will commence on the first business day of the second month following the month that the Receiver General receives the $400,000. The investment is not refundable after visa issuance. Investors have little or no control over their investment and have no access to these funds during the five-year lock-in period. Investments are not guaranteed.

A single federal window to accept investors' money and the investments are then allocated to approved provincial or territorial funds. The federal selection process is applied exclusively to those who invest in the federal program, in other words, investors making an investment in a province other than Quebec may settle where they wish except in Quebec, and the Quebec selection process is applied exclusively to those who invest in the Quebec immigration program, in other words, investors making an investment in Quebec must settle in that province.

On the first day of the second month after payment, Immigration Canada will allocate immigrant investment to approved provincial funds according to an allocation formula: 50 percent divided equally among approved funds and 50 percent distributed according to provincial gross domestic product. Investors will be informed of the share of their investment allocated to each province via the debt obligation prepared and delivered to them by Immigration Canada. After five years, the funds will repay Immigration Canada, for subsequent repayment to investors. Participating provinces will ultimately be responsible for their fund's repayment to investors.

Entrepreneur

Under present rules and regulations of Canadian immigration, Business Entrepreneurs are one of the priority categories. Canada is looking for successful business people with capital to invest and operate businesses. Different sets of selection criteria are placed upon investors, entrepreneurs and self-employed immigrants.

Those who wishes to immigrate as entrepreneurs must demonstrate their intentions and ability to establish, purchase or invest in a business that will create or maintain employment for at least one Canadian resident or permanent resident. To qualify for immigration under the Business Entrepreneur category, there are certain basic requirements you should fulfill. They are:

1. You should have played an active role in the management and operation of a business.
2. No minimum net worth requirement, however, you should have enough funds to finance the establishment of an enterprise and cover the living cost of the applicant and the dependent(s).
3. You are required to start a business in Canada within two years of landing. This business could take one of many forms - a small business, a franchise or your own manufacturing facility.
4. You are required to employ at least one Canadian permanent resident or citizen other than your family member during this period.
5. You are required to present business details of your present and past business history upon request.
6. Met the terms and conditions within two years after admission of immigration to Canada.

Self-employed

Establish or purchase a business in Canada that will make significant contribution to the cultural, artistic, or economic well being of Canada. Those interested in applying in this category must demonstrate the ability to create employment for themselves. Their endeavours must constitute a significant contribution to the Canadian economy or to Canada's cultural and artistic life. Some of the self employed occupations are farmers, sportsmen, painters, artists, sculpturists etc.