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 !
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