PS Immigration Consultancy
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The Canadian government has set up programs at both federal and provincial levels to facilitate investors and entrepreneurs in immigrating to Canada. The Business Immigration Programs mainly aim for economic growth and innovation through foreign investment, which is encouraged in an economy like Canada due to its semi-capitalist nature. There are PNPs designed specifically for Business Immigration such as the BC PNP Entrepreneur Immigration, Manitoba Entrepreneur Pathway, NLPNP International Entrepreneur, etc.
However, for simplicity’s sake, let’s first get to know the major federal Business Immigration pathways to Canada.
The SUV is a business immigration program which grants permanent residence to foreign entrepreneurs building a business in Canada. The most important requirement for a start-up visa (SUV) is having a qualifying business, i.e., a business where you have more than 10% voting rights or own more than 50% of the company’s shares collectively with your Designated Organization.
Other criteria that need to be met are a having a letter of support from a designated organization, investing $10k-50k into the approved business group or DO in Canada, a minimum CLB score of 5 in English or French, and possessing the minimum funds required per person
Moreover, your business needs to have a minimum investment of 200,000 CAD if the investment is made by a Canadian Venture Capitalist while a minimum of 75, 000 CAD needs to be invested if an angel investor furnishes your business.
The average processing time for an SUV is around 31 months. Meanwhile, you can use a work permit till your SUV gets approved. If you want a Canadian Work Permit Visa in Brampton, PS Immigration Consultancy will help you.
The self-employed immigration program allows artists and sportsmen to gain permanent residence in Canada if they are able to meet the eligibility requirements that have been set forth.
The most important criteria are having two years of demonstrable work experience in your respective field and proving how that will be able to contribute to the advancement of cultural or athletic activities in Canada.
Other standards of measuring eligibility for the program include academic qualifications, age, language abilities, experience, adaptability, etc. along with medical and security checks depending on the nature of the applicant’s profession. A police clearance certificate is also required for admission.
However, this is arguably one of the more difficult streams to get into given the competitiveness of the program. You have to be exceptionally good at your craft to qualify through the Self-Employed Program. Perhaps for the same reason, the self-employed stream is one of the most sought-after and prestigious immigration pathways to Canada.
If you found this information useful and are interested in business immigration in Brampton, Ontario, reach out to PS Immigration Consultancy for queries and further discussion.