Business Immigration
Business immigration allows entrepreneurs, investors, and self-employed individuals to immigrate by investing in or starting a business in Canada. The main reason for this Immigration Pathway is the contribution to economic development and job creation.
Economic Development Through Business Immigration
Business Immigration programs main aim is to attract individuals with venture capital and business acumen, fostering Canada's economic growth and improving access to international markets. Key programs include Canada's federal Start-up Visa Program and Provincial Nominee Programs (PNPs).
Provincial Programs: Each of Canada's provinces has its own small immigration program whereby the provincial government can nominate individuals for immigration to their province based on their own specific criteria. Once nominated by a province, the individual can apply for permanent residence.
Main Business Immigration Programs
Canada offers several pathways for business immigration:
Start-up Visa Program
Targets immigrant entrepreneurs with skills to build innovative businesses that create jobs and compete globally.
Provincial Nominee Programs
Each province has business immigration programs with specific criteria for entrepreneurs and investors.
Quebec Investor Program
Specialized program for investors looking to establish businesses in Quebec.
Provincial Nominee Programs (PNPs)
Different Business Immigration programs are currently available by each province:
- •British Columbia
- •Manitoba
- •New Brunswick
- •Ontario
- •Prince Edward Island
- •Saskatchewan
- •Nova Scotia
- •North West Territories
Start-up Visa Program
Canada's Start-up Visa Program targets immigrant entrepreneurs with the skills and potential to build businesses in Canada (outside Quebec) that are innovative, creates jobs for Canadians and can compete on a global scale.
Designated Organization Support
You must pitch your qualifying start-up to a designated organization and get their support.
Language Requirements
You must meet the language requirements in English or French.
Settlement Funds
You must bring enough money to settle in Canada.
Work Authorization
You might be able to work in Canada while waiting if your business provides significant economic benefit.
Business Visitor Activities
There are a number of reasons why an individual may come to Canada as a business visitor:
Business Meetings & Conferences
Attending business meetings, conferences, conventions, fairs, etc.
Buying Canadian Goods/Services
Buying Canadian goods or services on behalf of a foreign entity
Taking Orders
Taking orders for goods or services
After-Sales Service
Providing after-sales service, excluding hands-on work in construction trades
Training Programs
Being trained by a Canadian parent company for work outside of Canada
Important Note
The Business Visitor category facilitates entry for individuals (without a work permit) who engage in business or trade activities in Canada but will not enter the Canadian labour market. Individuals who plan to enter the Canadian labour market may require a Temporary Work Permit.
General Eligibility Requirements
To be eligible for business immigration, applicants typically must meet several criteria:
Business Experience
A proven record in business or senior management is often required.
Designated Support
For programs like the Start-up Visa, you must obtain a Letter of Support from a designated organization.
Net Worth
A minimum personal net worth is usually specified by provincial programs.
Investment & Job Creation
You must commit to investing a certain amount and creating jobs for Canadians.
Language Proficiency
You must demonstrate a certain level of skill in English or French by providing official test results.
Settlement Funds
You need to prove you have sufficient personal funds to support yourself and your family.
Business Plan
A comprehensive business plan outlining your proposed venture is typically required.
Ready to Start Your Business in Canada?
Contact Summit Immigration Consulting Group to set up an appointment so we can discuss your business goals and options for expanding into Canada.