Canada welcomes business professionals to immigrate and establish prosperous commercial operations there. It constantly works to forge worldwide business alliances.
By starting new enterprises, creating jobs, and developing new export and import linkages on a global scale, this opens up new options for Canadians.
To keep up with global economic trends in light of the globalization of the economy, it is crucial to develop and strengthen international business ties.
Canada draws business-minded people from all over the world to settle and participate in our economy due to favorable legislation and an easy-to-follow tax system.
The government has acknowledged the necessity for establishing new enterprises and economic links, and as a response, the IRCC has been giving the Business Immigration Program extra focus and attention in an effort to streamline the process.
Depending on where the interested party intends to settle and do business, the Business Immigration Program is available as both a federal immigration program and a Provincial Nominee program (link over to OINP business section).
Immigrant Investor Program
The Immigrant Investor Program seeks to entice seasoned business investors to relocate to Canada in order to foster long-term potential for business development and job creation.
Potential applicants must demonstrate the following in order to be eligible for the program:
Possess the Necessary Business Expertise
Display a CAD $1,600,000 net worth that was amassed legally.
Put in 800,000 CAD
Within the five-year term, you will receive your entire investment back, interest-free.
The IRCC will use the money for a period of five years to expand the regional economy and generate jobs at the provincial and federal levels.
Express Entry for Business Immigration; Sponsorship for Families and Spouses
Programs for Provincial Nominees
Humanitarian and Compassionate Grounds under the Ontario Immigrant Nominee Program
Work Permit for Canadian Tourist Visa
Start-Up Visa Initiative
For more than ten years, new firms have played a significant role in the Canadian economy.
They are regarded as crucial to the overall growth of the Canadian economy, helping to transform novel concepts and cutting-edge technologies into successful businesses and opening doors for new talent. This is true regardless of whether they grow into multinational corporations or continue to operate as regional mid-sized businesses.
Immigrant entrepreneurs with the potential to establish a company in Canada based on a novel concept or cutting-edge technology are eligible for the Start-up Visa program.
The company must fulfill the following criteria in order to apply for the Start-up Visa Program:
- Be founded on a cutting-edge concept or technology.
- Have received confirmation from a third party that I want to invest $75,000 CAD.
- Confirmation of a venture capital fund’s intention to spend at least $200,000 Canadian
- Approval from a certified business incubator
- Program for Independent Contractors
A part of the Canadian labor market that is quickly expanding is the self-employed workforce.
As it provides some flexibility and contract prospects with several business partners and employers, enabling the self-employed workforce to regulate income and work time, it gains popularity.
The IRCC is aware of the significance of the self-employed sector for Canada’s labor market.
The applicant must show they have the necessary skills and the means to support themselves and their dependents from their self-employment in order to be accepted as a self-employed person (farmer, athlete, artisan, graphic designer, IT specialist).