Canada Business Visa allows people who have a successful business carrier in their native country and are up for the new openings to expand or start a new business venture in the nation. This visa allows Investors or Entrepreneurs to have business meetings with the Canadian businessmen for short-period of time.Check out the main points that need to be followed up before lodging an application for Canada Business Visa.
Businessmen who fit the terms and conditions are eligible to apply under this visa, can seek more business opportunities, and at the same time, are open for business counterparts, and take part in the trade conferences. However, it doesn’t open the road of employment in Canada for the applicants. This visa gives an opportunity to the applicants to explore the national culture, experience the multi-cultural society, tourist destinations, and even can participate in entertaining leisure activities. Migrating to Canada on this visa also opens the door of permanent residency for the prospective business-people.
Canada, an economically-stable country, has a plethora of opportunities for the experienced businessmen or entrepreneurs immigrants who’re looking forward to expanding their business or want to start a new business in the country. Most of the businesspeople or investors opt for short-term visas to explore new opportunities for their business. The Canadian Government has always been in favor of people globally who have plans to invest and contribute to the economy of the Maple syrup land.
Situated in the Northern part of North America, having its own ten provinces and three territories, Canada is the world’s second-largest country by total area. To get back to the mainstream question- why Canada is the perfect investment destination, the answer would be its robust economy and high GDP.
Canadian Government has always greeted International business people with open arms that contribute to the economy of the nation. Here, are the few business visa programs that are designed by the Government in order to attract foreigners.
As per the Canadian rules and regulations, a Self-employed person is considered as a global foreigner who has appropriate work experience and is capable to achieve self-employed status and can contribute to the economy of the nation. Below-given are the points that are used to examine the eligibility of the candidate:
3) Work Experience
4) Language ability
Apart from the aforementioned requirements, applicants also, have to fulfill the medical and security requirements.
The individuals who have a well-executed business plan are in for this visa program. Though, the applicants have to meet the below-mentioned requirements to qualify for the visa program:
It has been replaced by the Federal Canada Immigration Investor Program provides a pathway to high-net worth individuals for permanent residence. The candidates with a net worth of $10 million or above have to invest $2 million under this program for a span of 15 years without any return certification.
An applicant has to meet the requirements listed below to apply under this program:
There are business visas for different provinces which help the candidate to gain Canada Permanent Residency. Almost every province has its own business visa and is designed as per the needs and Requirements of the Particular Province.
The applicant must have personal net-worth of a minimum of $10 million provided, should not be inherited one nor have a primary residence. They have to go through a process where they would be required to get a diligence report on their own from one of the organizations:
The report will predict the future of the candidate as his statement made at the time of filing regarding the minimum legal funds gets scrutinized.
You have to show that you can understand and speak English or French language. Meeting Canadian Language Benchmark (CLB 5) should be your prime target.
It is considered as an imperative pathway to attain permanent residency in Canada. Immigration to Canada as businessmen is divided into below-given major programs:
Processing fee ($1050) and right of permanent residence fee ($490)
|Your application (without right of permanent residence fee)||1,050|
|Include your spouse or partner|
Processing fee ($550) and right of permanent residence fee ($490)
|Include your spouse or partner (without right of permanent residence fee)||550|
|Include a dependent child||150 (per child)|
You need to know about the Business visitor – if you want to visit Canada on a business purpose:
Business visitors can stay in the country for a maximum span of six months; however, people usually stay for a few days or a few weeks. Candidates who want to visit the country temporarily either to seek ideas to expand their business or to set business relationships in advance and interested in taking part in International business activities without any involvement in the Canadian labor market is considered as a Business visitor. Business Visitors can enter Canada either through a Visitor visa or an Electronic Travel Authorization (ETA).
To be eligible to qualify as a business visitor to Canada, you need to meet the below-given requirements:
a) Your stay plan should be less than 6 months.
b) No intention of participating in the Canadian labor market
c) Documents provided by you should support your application
d) Basic requirements like a valid travel document such as a passport, financially stable to look after the expenditure of living and returning to home from Canada, and have no involvement in any illegal activities.
e) The center of your business along with the source of income and profits should be outside of Canada.
Canada is leading the world economy in various industries like petroleum, aerospace, automotive, agriculture, shipbuilding, and information and technology. This in turn provides various businessman an opportunity to do the business on the Canadian soil.
A Business Visitor can travel across Canada and visit their family, friends, and explore the country very well. While staying in the country, a person holding this visa can involve in trade shows, conferences, meet with their potential clients, receive orders, look for more business opportunities, and know how they can extend their staying in the country.
So in order to gain a PNP business visa for a particular province, one needs to qualify following eligibility criteria:-
|Province||Experience in Business Management||Requirement of Business Plan||Minimum Investment Required||Educational Requirement||Language Proficiency||Minimum Net Worth||Performance Agreement||Requirement of Exploratory Visits|
|Saskatchewan||Yes, minimum 3 out of 10 years in farm and business management||Yes||1. $300000 in Regina and Saskatoon or 2. $ 200,000 in any other communities of Saskatchewan 3. ownership of at least 1/3rd of business||High School Minimum||Not Compulsory||500000||Participation in general management and generation of new jobs||For Entrepreneurs Optional and for Farmers Mandate|
|Quebec||Yes, minimum 2 years of business management and senior management out of 5 years||No||1. Quebec Government bonds of $ 800000. 2. Other Finance Option 220000||High School Minimum||Not Compulsory||$ 1.6 million||Not Compulsory||Not Compulsory|
|Ontario||Yes, minimum 3 years of business management and senior management out of 5 years||Yes||1. Investment of $ 1 million in GTA. 2. Investment of $ 500,000 o outside the boundaries of GTA* 3. Atleast 1/3rdownership of business||High School Minimum||Not Compulsory||$800000 outside of boundary of GTA and $1.5 million in GTA||Yes, Participation in general management and generation of atleast 2 new jobs||Compulsory|
|British Columbia||Yes, minimum 3 years of business management experience out of 5 years and for senior management greater than 4 years||Yes||1. 1/3rdownership of business. 2. $200000 minimum amount||High School Minimum||Not Compulsory||600000||Participation in general management and generation of new jobs||Not Compulsory|
|Manitoba||Yes, minimum 3 years of business management and senior management out of 5 years||Yes||1. Investment in outside region of Capita is $150000. 2. In the capital region investment is $250000||High School Minimum||CLB 5||500000||Yes, Participation in general management of business and generation new jobs||Not Compulsory|
|New Brunswick||Yes, minimum 3 years of business management and senior management out of 5 years||Yes||250000||2 years of post-secondary education minimum||CLB 5||600000||Yes, Participation in general management of business and generation new jobs||Not Compulsory|
|Prince Edward Island 100% Ownership||Must possess management skills that are transferable and past employment or business ownership experience||Yes||150000||High School Minimum||CLB 4||600000||Day to day management participation in business||Not Compulsory|
|Prince Edward Island Partial Ownership||Must possess management skills that are transferable and past employment or business ownership experience||Yes||150000||High School Minimum||CLB 4||600000||Day to day management participation in business||Not Compulsory|
For more information regarding all the Eligibility Requirements for Immigration. Call on the official helpline: +91-7042184185 or Email your queries at email@example.com.
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