Canada has an abundance of resources that boost its economy. The growth in the Canadian economy provides excellent opportunities for everyone who wants to start a business. Every year, many people move to Canada to invest or start a business. However, they need a Canada investor visa to do so.
Opening a business will not only create opportunities for you but also for local people. If you have the experience and skill to grow, you are welcome in Canada to develop yourself and the province you choose to move to. For this purpose, the government of Canada has designed business immigration programs, such as the investor visa.
Why Invest or Start a Business in Canada?
By observing the growth trend of Canada’s economy, it is assessed that your investment there will have higher returns. But even then, why should you invest in Canada? You can invest there for the following reasons:
- The Canadian government welcomes everyone who could be an asset to the nation.
- Canada has a better quality of life and can support your success.
- The country has an exceptional environment for research, innovative incentives, scientific talent, and development infrastructure.
- Canada has a low-tax environment, which makes starting a business less expensive.
- The country offers excellent investor programs for you and other investors.
Different Business Immigration Programs in Canada
Canada has many business immigration programs that can benefit you. They can be a pathway to permanent residence or Canadian citizenship. The business immigration programs include the following:
Canada Investor Visa
The investor visa of Canada program allows you to get Canadian citizenship or permanent residence. In turn, you need to make a good investment in Canada. If you have business experience, you can invest in a way that boosts economic development and increases employment in the territory and province you move to.
Investor visa for Canada has many benefits, which include accessing a high standard of living, accessing global education and healthcare, settling with your family, accessing international opportunities, getting favourable investment policies, etc. But to get these benefits, you must also be eligible with a qualifying business and an intermediate knowledge in both French and English.
Start-Up Visa Canada
The start-up visa program dominantly focuses on innovative entrepreneurs. With this program, you can get a chance to link with Canadian business investors who can help you in starting a business. As an entrepreneur, you can grow your business in Canada with expertise and funding from approved organizations of the Canadian private sector. With the help of those organizations, you can invest in or start a business on a start-up visa.
Unlike any investor program, you do not need to invest from your capital amount under a start-up visa. Instead, you will receive angel investment or minimum venture capital from one or many companies.
The start-up visa program can be one of your best bets for moving to Canada, given that you meet the eligibility criteria and fast-track to getting permanent residency.
Entrepreneur Visa Canada
The entrepreneur visa is for you if you want to establish your business in a specific Canadian province. The Canada entrepreneur visa helps develop the provincial economy and can be an excellent beginning point for you to grow the local economy.
Canada’s government welcomes entrepreneurs because they can create employment opportunities for others. If your application is processed, you can open your business in Canada. You can also get permanent resident status for yourself and your family.
You are self-employed if you make your living through any independent pursuit of economic activity. With this program, you can permanently immigrate to Canada. But, you must hold substantial relevant experience in either athletics or cultural activities. Furthermore, you must significantly contribute to Canada’s athletic, artistic, or cultural life.
The minimum experience required in self-employment is two years in the past five years. You will not only need to have the skills and experience but also meet the security, medical, and other conditions that make you eligible for the program.
Business PNP Programs
Through this program, you can get nominated for the PNP programs of the provinces. Every PNP program has an entrepreneurial or investor program, and every province has its selection requirement. But, some of the most basic requirements include having enough funds to invest, a prior business profile, banking history, business credentials, proficiency in English and local languages, and maintenance of good conduct and health.
Canada provides various opportunities for entrepreneurs from which you can invest or start a business. However, you must meet the eligibility requirements and follow all the rules and regulations when applying for a Canada investor visa. If you want, you can also seek assistance from immigration consultancies to ensure that you can get a visa mandatorily and begin your entrepreneurial journey in Canada.