Canada Investment Visa
Canada is a great place for start-ups and investors. The country has one of the most progressive immigration programs in the world. Canada Immigration is a very popular topic among those who want to start their own businesses or those who want to invest in Canada. People love how easy it is to immigrate to Canada and the country’s progressive immigration policies and programs. Apply for Canada start up Visa here.
It is one of the most popular countries for immigration because the country offers a lot of opportunities to its new immigrants. Canada offers good healthcare, education and work opportunities for all immigrants. It is one of the world’s most educated countries with a high quality of life. As a member of the G7 countries, Canada has a stable economy based on natural resources, manufacturing industries and technology.
It is a country with diverse natural beauty and diverse inhabitants. It is the second largest country in the world, with 10 provinces and three territories. Canada has a population of 35 million people, with over 200 different languages spoken throughout the country. It is also an immigrant-friendly nation, which means that it welcomes immigrants from all over the world to come for study, work or just live their lives in peace.
There are various programs which Canada offers to Business Owners, Senior Management or aspiring entrepreneurs such as canada residency by investment, Investors Visas to Canada and second citizenship by investment.
Talk to Canada immigration consultancy today!
Opening Company in Canada- Get Canada Passport Dubai
If you are an individual or a group with an innovative business idea, then you may be eligible for Canada Start Up Visa. As always Canada is welcoming entrepreneurs and innovative ideas and helping them settle permanently in Canada.
Canada Start Up Visa is a Permanent Residency Program which allows an individual or group (up to 5) to settle permanently in Canada and establish the proposed innovative business.
It needs the applicants to get a Letter of Support from a designated organization. Once the letter is support is received, the applicant can file Permanent Residency Application along with a Work Permit application (if required).
The Canadian Permanent residency Visa granted is for 5 years. In those 5 years, an applicant has to either complete 1095 Days in Canada to apply for Canadian investors visa/Citizenship or complete minimum 730 days in Canada to renew the Permanent Residency. These days can be spent in parts during the entire 5 years.
Benefits of Canadian PR:
Process Flow:
Intra Company Transfer (ICT) – Canadian Investment Visa
This intra-company category allows international companies for temporary transfer of qualified employees/owners/partners to Canada. The purpose of this is for improving management effectiveness, expanding Canada’s exports, and enhancing competitiveness in a global market.
Qualified intra-company employees getting the transfer require work permits. They are exempted from the LMIA (Labor Market Impact Assessment) under paragraph R205(a) (exemption code C12) as they provide significant economic benefit to Canada through the transfer of their expertise to Canada’s businesses.
A foreign company who has a branch in Canada or who wishes to open a branch in Canada and send their employee to Canada, can apply under this LMIA exempted work permit category. With this intra company transfer Canada an employee can work and manage a particular branch of the company and can later apply for a Canadian Permanent residency Visa.
The applicant can also apply for temporary residence for his/her family (spouse & dependent kids).
Eligibility:
Key Highlights:
Route to PR
Once an applicant has successfully migrated through ICT, he can later apply for Canadian business immigration from inside the country with multiple route such as PNP, CEC or FSW.
Owner Operator
Any individual who wishes to acquire shares or buy an existing business in Canada can take this route which grants them a work permit to operate that business. The usual percentage of shares to be acquired for this program is 51%.
When a candidate buy (full or min. 51%) a running business in Canada, they can get Work Permit for the same.
Buying business can cost anywhere between CAD 75,000 – CAD 300,000.
Since 1st April 2021, the process has changed a bit and they have made it stricter. Applicant earlier had to buy a business and file for Work permit/LMIA. Now, first the business has to be advertised and after buying the same, we have to advertise for a local manager to look after the business (3 months) and further we have to apply for LMIA (3 months).
Process Flow:
Eligibility:
Key Highlights:
Route to PR
Once an applicant has successfully migrated through ICT, he can later apply for Canadian Permanent residency Visa from inside the country with multiple route such as PNP or FSW.
PNP Entrepreneur Stream
There are multiple provinces offering Investment Options to eligible candidates. Some of the major provinces and their programs are described below:
FAQ
What is Canada Start Up Visa?
Canada’s Start-up Visa Program targets immigrant entrepreneurs with the skills and potential to build businesses in Canada that:
o Are innovative
o Can create jobs for Canadians
o Can compete on a global scale
How long does Canada Investor Visa take?
The usual process timeline for Canada Start Up Visa is 12-24 Months.
How much does Canada Start Up Visa cost?
It depends on which designated organization is accepting your application and whether or not they will be investing in your business. However, the usual range can be from CAD 100,000 – CAD 200,000.
Who is eligible for Canada Start Up Visa?
An Individual/Group with minimum age of 22 and having an innovative idea.
How to apply Canada Start Up Visa from Dubai?
The first step to apply for Canada Start Up Visa is to assess the eligibility and approaching the right organization/incubators/venture capitals for the same.
Is IELTS required for Canada Start Up Visa?
Yes, it requires a basic IELTS of CLB 5 to make sure that you are able to communicate (at least basic) in order to successfully establish your business.
Who are designated organizations?
For Start Up Visa, a candidate has to contact business consultants in Dubai to apply for Letter of Support from one of the following designated organizations. These are authorized bodies which assesses a business idea.
o Venture Capital
o Angel Investors
o Business Incubators