Business and Investor Immigration : Start Up Visa Program
Canada is considered one of the easiest countries in which one can start a business. This is because of the country’s wealthy natural resources, a highly skilled workforce, and stable administration. If you want to immigrate to Canada as an Investor or Entrepreneur, first, you should apply for Canada Start Up Visa Investor Immigration Program. However, the good news is that you have several Investor Visa options, including the common Start-up Visa Program and the local-explicit Provincial Nominee Program.
The key to immigrating to Canada to start your business in the country mainly counts on getting your visa application approved. This means that you are supposed to meet all the requirements that are necessary to make your application approved. Once approved, you can even bring your family to the country and can live together.
The Provincial Nominee Program provides every Canadian state and territory with the power to invite investor visa applicants to come and reside in their borders if they have the correct skills and work experience. Most of these programs have one investor or entrepreneur visa category as a minimum, dedicated to people who desire to and who want to start or expand their business in the country.
When it comes to the general Investor Visa option, the Start-up Visa Program is the best and the easiest way to enter the country as an entrepreneur. This is because this Canada Start Up Visa investment immigration program allows you to immigrate to the country by starting a company. However, if you know the requirements that are to be met to start a business anywhere in the country, your business visa application will never be rejected.
First, you should understand that your business should generally be innovative, compete globally, and create jobs for Canadians. While you wait for the approval of your Start Up Investor Visa for Canada application, you can apply for a work permit temporarily, as well, to keep you busy in the country.
Some of The Requirements That You Should Meet While Applying For An Investor Visa Through The Start Up Visa Canada Investment Immigration Program Include:
Business Requirements: You should include only a maximum of five people as owners of the company. Each owner should hold 10% of the voting rights as a minimum, connected to all outstanding shares of the company. Moreover, they should hold above 50% of the voting rights attached to all outstanding shares of the company along with the designated organization.
Letter of Support: You are required to get a letter of support from a chosen organization that proves they are eager to invest in and support your start-up company. These businesses include:
- Angel Investor Groups with an investment of $75,000
- Venture Capital Firms with an investment of $200,000
- Business Incubators
Language Requirement: To get your investor visa Canada application approved, you may need to score at least 5 as the Canadian Language Benchmark level Test in reading, speaking, writing, and listening in either French or English.
Settlement Money: You should understand that the Canada investment immigration program would not offer you financial support to your investor visa. You need to be capable of proving that you have sufficient money to support yourself as well as your family in Canada.
Business And Investor Immigration Canada : Owner Operator LMIA Application
Have you exhausted all your options of immigrating to Canada or have you ever thought of business immigration to Canada? Do you have a business model in your mind? Do you feel the model is enticing? Do you think you don’t have enough resources for business immigration to Canada? If yes, then this is the option for you. The business investors with experience and a small amount of capital have so many options to go for while diversifying their business to other parts of the world. Canada, being a place that supports business, offers various programs for the successful development of trade and business. For the same, the investor visa Canada programs are devised. Owner Operator LMIA is one of the popular programs under that category
Understanding LMIA
LMIA refers to the Labour Market Impact Assessment. It is usually filled by the Canadian employer when employing the foreign nationals for the job through the Temporary Foreign Worker Program (TFWP). This is to ensure two conditions:
- There is a need for a temporary foreign worker
- No resident or Canadian worker is available for job
Prima facie , it appears to be complicated and how does it integrate with Business Immigration to Canada often is a mystery for both applicants and unfortunately for majority of the consultants offering this program
Owner Operator LMIA Application
The owner-operator is a unique type of Temporary Foreign Worker Program (TFWP) application. It is applied by a self-employed individual who wishes to go for business immigration to Canada. It can be done by either purchasing or investing in the business. Under the application, the foreign national establishes a controlling interest in the business model. This investment facilitates his/her investor visa to Canada.
The aim is to portray qualifications , leadership skills, interests, business acumen , necessary experience supported by a strong business plan to invest in a particular industry. Also, you need to prove that these actions of yours are going to benefit the Canadian economy. It can be done by generating new employment opportunities and ensuring skill development. The applicant needs to have the controlling interest based on the rules and regulations.
The basic of them are:
- Purchasing a business and focusing on its daily activities and progress
- Purchasing share of a business to become the major shareholder which means holding a minimum of 51% of shares
- Submitting a blueprint of your exhaustive business plan focusing on all the aspects required by the immigration authorities
A million dollar question, can anyone do it? The answer is NO. You need a experienced and qualified mentor to take you through the process.
The major options that one can go for while applying for the owner-operator application include but not limited to :
- New start-up business
- Complete purchase or change in ownership of an existing business
- Purchase of pending shares in existing business
- Partial purchase of an existing business
- Many other options , suited to an individual requirements
These are broad options that one can go for while applying for an investor visa to Canada. All these are within the legal framework of Canada.
Ideal Candidature and Process
The foreign national who can be identified as an ideal candidate for the application should have the following qualities:
- Verifiable managerial / business experience
- Sufficient net worth to purchase the business
- Sufficient language abilities to communicate and work
- Controlling interest in the business
The process to apply for the business immigration to Canada under this program is short and usually takes between 3-6 months; after the business is identified.
The broad steps are:
- Identification of suitable business
- Applying for a stake in the business
- Applying to LMIA with a business plan
- Once LMIA issued, apply for a work permit.
All the above steps are not as easy as they appears to be! You have to carefully navigate through each step and then the process becomes simple. One thing is for sure , it will help you to get an investor visa Canada quickly and will also allow you to settle in your dream country.
Conclusion
In a nutshell, business immigration to Canada under the owner-operator LMIA is a great idea. This process can make you land in Canada with your family in as early as 6 months. For your assistance, Blue Planet Immigration is the best source where you can get guidance to apply for business immigration to Canada. They are the most experienced consultants for business immigration to Canada and have helped many clients achieve their dream of settling in Canada, without any hassle. Contact them at info@blueplanetimmigration.com and call at +1-778-882-2806 or +1-778-847-7357 to know further details. You can also fill up a free online evaluation form on their website www.blueplanetimmigration.com. Pick up the phone , call then ! Set Up a free consultation appointment on the website , absolutely no obligation. They understand that it’s a big decision for you to move to a new country and you would need multiple counselling / information sessions before you can take a decision. Go ahead , use this opportunity !
Immigrate to Canada by Investing : Business Immigration
Do you wish to immigrate to Canada? Are you planning to apply for business immigration to Canada? It yes, then you need to know the basket of benefits that you will get. Canada is one of the fastest flourishing G20 economies. With its well-planned business friendly environment it has always been the hotspot for the foreign investors. It is a country with the most skilled people available. So, let’s see what other benefits you are going to get:
- 13th most competitive economy and 12th most innovative country in world.
- Investors get market access to 14 countries based on 51 trade agreements.
- Lowest rate of interest on new business investment among G7. METR is 13.7%
- Federal GST is 5%, lowest among OECD.
- Political stability, lowest rate of corruption, Soundest banking system.
- Reduced net worth requirement of applicant to 300000$ and 100000$ for investment.
- No net-worth requirement for certain streams in business immigration.
- The costs of specified clean energy equipment are eligible for full tax write-off the year they are put in use in business.
- The cost of machinery and equipment for processing are eligible for full tax write-off the year they are put in use in business.
- Accelerated Investment incentive for all sectors of economy making large capital investments.
Above all, Canada is a beautiful country with ample benefits for investors and family and that’s the reason people prefer to immigrate to Canada.
Immigration to Canada
When we talk about business immigration to Canada or rather say immigrate to Canada, it is basically a program where the foreign nationals with business or managerial expertise and high net income apply for Canada Immigration Visa. On yearly basis, Canada welcomed approximately 250000 immigrants’ until 2019. The data for the year 2020 is expected to be approx. 350000, as suggested by Statista. To apply for business immigration, there are broadly two ways:
1. Business and Investor immigration: Provisional
Each province or territory runs their own business immigration to Canada program with their specifications known as Provisional Nominee Program (PNP). The stream varies based on entrepreneurial experience and requirement. Also application procedure and the qualifications vary but the successful applicants will receive a provisional nomination. The list of provinces you can migrate to start a business under the scheme is:
- Alberta
- British Columbia
- Manitoba
- New Brunswick
- Nova Scotia
- Ontario
- Quebec
- Yukon
- Northwest Territories
- Prince Edward Island
- Saskatchewan
2. Business and Investor immigration: Federal
When a self-employed person or a working professional is looking forward to establishing his business in Canada or is simply looking to invest his worth in a Canadian firm, then the designed Federal Immigration Programs are applied. These programs are designed to match skills and experience of the person willing to settle in the Province. The Owner/Operator Labour Market Impact Assessment (LMIA) is a path best suited for investors with a low net worth or who lack support of the designated organization.
The Federal scheme has broad three visa programs:
- Entrepreneur start up Visa Program
- Self-Employed persons program
- Owner Operator LMIA
The most popular among the programs is the owner-operator, which can be fulfilled. Considering the following scenario’s :
- New start-up business
- Complete Ownership change in existing Canadian Business
- Pending or Partial purchase in existing business
For all the Business Immigration programs the various points which are considered to help you immigrate are, broadly as under:
- Net worth and investment
- Business Experience
- Education
- Business Plan / Transition Plan
- Language Proficiency
- Exploratory Visit to the Province
- Immigration Interview
Why Immigrate to Canada through business immigration?
- Range of program options
- Range of investment suiting every pocket
- Quick path for immigration
- Only option for individuals above 40 years to immigrate to Canada
- Start earning from day one
- Save on education , child care and other benefits
- NAFT Agreement allow access to business market of USA and Mexico
- Government policies and regulations support new business
- Subsidy schemes benefit the new business startups.
- Excellent opportunities for trade and personal growth.
- Eligibility for Canadian citizenship within three years.
- Above all, the best country in the world to live in.
Conclusion : Canada is an excellent country for a skilled business professional to immigrate and live a happy like. With all the tax benefits, liberalized rules for business, government support and lucrative trade agreements, Canada is surely a place to invest for the business. So if you have decided, you need to find the right consultant for starting process to immigration to Canada through Business / Investing You can get in touch with Blue Planet Immigration who are one of the leading consultants and amongst the most preferred for Business Immigration to Canada. Contact them at info@blueplanetimmigration.com and call at +1-778-882-2806 or +1-778-847-7357 to know further details. Set-up a free consultations appointment / fill up a free evaluation form on their website. They “Make Canada Your Home “.
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