Business Immigration in Canada

The government of Canada offers the selection of immigrants who are business class. The selection of these immigrants is in accordance with ability to be economically established and stable and help the Canadian economy. Business immigrants are actually people who start up their own business in Canada or invest in some business to help the Canadian economy. In this way the Canadian economy will become strong and prosperous.

Categories in this program:

This program is actually divided into two classes:

1. Start-up visa
2. Self-employed persons

1-   Start-up visa Program:

The start-up visa program requires that you follow the eligibility criteria given below:

·         A support commitment given by a Canadian venture capital fund which is designated, an angel investor group or some business incubator.

·         You must have lingual skills in either English or French.

·         You must have enough money to provide the living cost and settlement prior to your earning of an income.

2-   Self-employed Persons:

You must have 1 of the following to be eligible for this category:

·         Any experiences that will contribute to culture or aesthetic in Canada significantly

·         Experienced in management of farms or must be intending to buy a farm in Canada and managing it.

Canadian Business Class:

                This is a category that comes under the Canadian Immigration. In this category, individuals with business management experience and high net work may be considered qualified for permanent visa. It is divided into three further sub-classes within Business Class:

1. Immigration Investors

2. Self-Employed Persons

3. Entrepreneurs

The net worth requirement for people who are self-employed persons varies considerably depending on the location and nature of the venture being proposed. These individuals are made for the province of Quebec, having a net worth as high as CAD $100,000 at the very least, which is obtained lawfully.

Documents needed:

                Refuges and Citizenship Canada (IRCC) application forms, along with immigration, educational and status relative documents (passports, marriage certificates and birth certificates). You will need to perform submission of documents proving your business and managerial experience along with documents that show your net worth.

Processing fees and times:

By processing times, we mean the total time it takes for the documents to be prepared and shipped to you in a complete package. Usually, the processing times vary from 45 to 50 months for federal self-employed persons. If you already applied for the program, you can check the status of your application online at the official website at cic.gc.ca. However, depending on the location and the number of applications received by the Immigration, Refugees and Citizenship Canada, the application can possibly be delayed.

As for the processing fees, they depend upon the location and method of payment, but the general processing fees vary from $1,050 CAD to $1,750 CAD, depending on whether you have a spouse and child. Besides that, you need a right for permanent residence, which costs $500. So, all in all, the entire cost of the program is somewhere between $1,550 to 2,250 CAD.