Business Investor Visa
Several countries across the globe have created Permanent Residency programs to attract investors, entrepreneurs, and high net worth individuals. Entrepreneur and Investor Visa programs encourage aspiring immigrants with proven business work experience to invest or set up a business in a foreign country.
Different countries have different eligibility criteria that a candidate has to meet to qualify for an Entrepreneur program. However, what most countries look for is the candidate’s business experience and availability of funds to invest in the country. Many English-speaking countries may also require applicants to prove their English proficiency. It is also necessary for applicants to clear the health and character test.
Canada is fast emerging as a very popular destination for entrepreneurs all over the world. Besides its proximity to the US, the Canadian Govt. also offers several business-related perks that make investing or setting up a business in Canada a smart decision. The country is also rich in natural resources, has a stable government, and a large talent pool of skilled professionals.
At Niyama Immigrations, we provide services related to the following Entrepreneur Programs:
Canada Startup Visa Program
It is a general Investor Visa program that allows you to migrate to Canada by setting up a business anywhere in the country. You need to have an innovative business plan and should be able to create jobs for Canadians to qualify for this program.
Other requirements that you need to fulfil for this program are:
Owner-Operator LMIA Program
The Owner-Operator LMIA Program has been created for foreign entrepreneurs who wish to purchase or set up and operate their own business in Canada. The program targets foreign investors who have verifiable, transferable management experience and enough finances to purchase a company in Canada. Applicants also need to prove their language proficiency skills in either English or French to be able to manage the business in Canada.
Through this program, applicants can also apply for a Work Visa, which is typically valid for up to 2 years. Once they obtain a Work Visa, they can also apply for Permanent Residence of Canada through the Express Entry Program.
Intra-Company Transfer Program
Rather than an investment program, it is a type of Work Permit that facilitates the transfer of employees from a foreign country to its related Canadian company. The program encourages the transfer of knowledge from foreign senior-level employees to Canada.
Applicants eligible for this program may apply for a Canadian Work Permit without the need for an LMIA, making the process easier, faster, and cost-saving.
Federal Self-Employed Persons Program
As the name suggests, this program is designed for self-employed people who wish to migrate and be self-employed in Canada. To be eligible, applicants must have relevant work experience and must meet the selection criteria, including scoring 35 points on the points grid or higher. Candidates also need to clear health and character tests.
PNP Investor and Entrepreneur Programs
The Provincial Nominee Program gives Canadian provinces the power to choose and invite applicants with the right skills and work experience to migrate to the province. Almost all provinces in Canada have at least one entrepreneur program to attract foreign investors in the province.
Some of the popular PNP Entrepreneur Programs are:
The OINP Entrepreneur Stream is designed for foreign entrepreneurs who wish to purchase an existing business or set up their own in Ontario. The investment amount required for a proposed business within the Greater Toronto Area is CAD 600,000, and outside the GTA is CAD 200,000. Applicants need to have a minimum net worth of CAD 800,000 if their proposed business is within the GTA, and CAD 400,000 if the business is outside the GTA.
2. British Columbia
The British Columbia Entrepreneur Immigration stream targets business owners and senior managers who wish to invest in a British Columbia business. Applicants need to invest at least CAD 200,000 in an existing or an eligible new business in BC. They also need to have a net worth of at least CAD 600,000.
The Manitoba Business Investor Stream allows the province to nominate foreign entrepreneurs who have the intent and ability to purchase or start a business in Manitoba. The minimum investment required is CAD 250,000 if the proposed business is within the Manitoba Capital Region, and CAD 150,000 if the business is outside the MCR. The net worth requirement is at least CAD 500,000.
Are you an entrepreneur wishing to expand your business overseas? Get in touch with Niyama Immigrations today.