Government of Canada has various impressive immigrant investor programs that allow you to earn permanent residence in future. Foreign investors are most likely to apply for this immigration program to start a business or make collaboration with existing companies.
An Owner-Operator Work Permit is an immigration pathway for entrepreneurs and their families. However, to be eligible for the program, the entrepreneur should be a sole proprietor or hold a minimum of 50.1% equity stakes in a Canadian company.
Yet another important criterion for this category is the benefit the business can offer the Canadian economy in terms of job creation or skill transferability to Canadians. However, a positive LMIA is still needed to apply for an Owner Operator Work Permit.
The Owner-Operator Work Permits are processed by the Federal program on a much faster timeline, and the permit may be issued for up to 2 years.
Canada’s Start-up Visa Program targets immigrant entrepreneurs with the skills and potential to build businesses in Canada that:
To apply for the Start-up Visa Program, your business idea or venture must get the support of one or more of the designated organizations listed below:
You must get a letter of support from a designated organization (a business group that has been approved to invest in or support possible start-ups).
You’ll need to:
The ability to communicate and work in English, French or both languages will help your business succeed in Canada.
You must take a language test from an approved agency and include the results with your application, or we won’t process it.
You must meet the minimum level of the Canadian Language Benchmark (CLB) 5 in either English or French in all these four areas:
When you apply, you’ll need to give proof that you have the money to support yourself and your dependents after you arrive in Canada. You can’t borrow this money from another person.
The amount you need depends on the size of your family. We update these amounts every year.
| Number of family members | Funds required (in Canadian dollars) |
|---|---|
|
1 |
$13,310 |
|
2 |
$16,570 |
|
3 |
$20,371 |
|
4 |
$24,733 |
|
5 |
$28,052 |
|
6 |
$31,638 |
|
7 |
$35,224 |
|
For each additional family member |
$3,586 |
This program allows you to enter Canada as a permanent self-employed person. This creates easy and amazing PR pathway. Just apply, move-in, and start a business.
The Self-employed Persons Program allows you to immigrate to Canada permanently on a relevant experience in cultural activities or athletics and an intent to contribute to the cultural and athletic life of Canada. The eligible occupations fall under NOC group 51 and NOC group 52.
An individual needs to be self-employed in an eligible occupation, or, involved in an eligible occupation at a world-class level or both.
The minimum experience criteria for both categories are two 1- year periods of full-time work within the last 5 years from the date of application. However, every additional year of experience can help get you more points to qualify among the top candidates.
A candidate under this category needs to demonstrate that he will continue his cultural/athletic activities to self-support in Canada and make an economic contribution to the activity.
The intent to establish the activity in Canada can be demonstrated through business plans, partners, exploratory visits, and funds to support such activities.
In addition, other selection criteria such as your education, age, English and/or French language abilities and adaptability along with the medical examination and police clearances are also assessed while making the final decision on your application.
Z-Axis is the top rated Canada immigration consultant offers comprehensive Canada immigration programs and also gives you the best advisory services for all your uncertainty regarding immigration.
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