What You Need to Know About Business Immigration to Canada
MAR 8, 2022
|
NADINE WOLFE
What is business immigration? Business immigrants are people who wish to invest in or launch their own business in Canada. They are expected to help develop and contribute to the Canadian economy. There are two types of business immigration programs, namely:
- Start-Up Visa Program and the
- Self-Employed Persons
To qualify to apply for the Start-Up Visa Program, you need to meet the following requirements:
- Have a business that meets the eligibility criteria;
- Have a letter of support from a designated organization;
- Meet the language requirements, and
- Have enough money to settle and live in Canada before you make money from your business
To qualify as a self-employed person, you need to meet the following criteria:
- you must have 2 years of relevant experience;
- show that you intend to become self-employed in Canada;
- score a minimum of 35 points on a selection table that designed to assess if you will be able to contribute the Canadian economy
Discover Everything About Business Immigration to Canada
FAQ 1: Can I immigrate to Canada by starting a business?
Yes, you can. Canada happily accepts successful business people who wish to contribute to the Canadian economy. Both the federal and provincial/territorial governments invite business immigrants. They also offer services to assist in the immigration process, starting a business and settling in Canada.
FAQ 2: Can I get permanent residency in Canada by buying a business?
If you are a foreign entrepreneur and want to move to Canada, you can buy an existing business or start a new business in Canada. As a qualified investor, you can apply for a work visa as a management level employee which is a function of the federal Temporary Foreign Worker (TFW) program.
FAQ 3: What are the requirements for a business visa in Canada?
To qualify as a business visitor to Canada, you must show that:
- you plan to be in Canada for less than 6 months
- you don't plan to work in Canada
- your main place of work and source of income is outside of Canada
- you have supporting documents for your application
- you meet the basic entry criteria for Canada
FAQ 4: How much does a business visa cost in Canada?
| Canadian Business Visa Costs | ||
|---|---|---|
| Fees | Cost (CAD) | |
| application Processing fee ($1575) and right of permanent residence fee ($500) | 2,075 | |
| Your application (without right of permanent residence fee) | 1,575 | |
| Include your spouse or partner - processing fee ($825) and right of permanent residence fee ($500) | 1,325 | |
| Include your spouse or partner (without right of permanent residence fee) | 825 | |
| Include a dependent child | 225 (per child) | |
FAQ 5: What is Quebec Immigrant Investor Program QIIP?
Quebec's Immigrant Investor Program (QIIP) is a pathway to permanent residency for foreign nationals with a high net worth. The Quebec Immigrant Investor Program (QIIP) However, the program has been suspended and will only re-open in 2023.
FAQ 6: Which business is best in Canada?
The top business opportunities for immigrants in Canada include the following:
- Agriculture
- Accommodation and Food Services
- Wholesale & Retail
- Construction
- Professional, Scientific and Technical Services
Whether you take the business route to Canada, or choose a different pathway, the visa application process can be complex. Consider seeking professional help from our RCICs. We will guide you through the application process step by step and increase your chances of being approved the first time round.