Since the goal of the immigration legislation and programs of Canada is to attract competent business people, many people can start or invest in businesses in Canada. This program boosts the tradition of Canada’s strong economy. Canada offers great business environment, low start-up business costs and reliable work force. Canada imposes low tax for businesses with its recent corporate tax reforms.
Business Visa Qualifications
For Entrepreneur Business Visa, the foreign applicant must possess two years minimum experience on business management obtained from legitimate company and assets that accumulated to at least CAD$300,000. The applicant can be granted entry to Canada under the following conditions: The applicant must acquire a business and actively manage it, and must employ at least one Canadian citizen or permanent resident on a full-time basis for at least one year within the three-year period after the day on which the permanent residency is granter to the entrepreneur.
For the Investor Business Visa, there are no conditions attached, as opposed to Entrepreneur Business Visa. The applicant must possess at least two years of business management experience obtained in legitimate farming, industrial or commercial business with an accumulated assets of at least CAD$1,600,000. The applicant will make an investment free of CAD$800,000 which is paid to the authorities of Canadian immigration for a five-year period guaranteed of Canadian government bond. There’s an available financing option at a non-refundable cost of CAD$ 210,000.
Benefits of Business Visa
When your application for a Business Visa is approved, a visa of permanent residency in Canada will be issued to you. You will then be allowed to live indefinitely in Canada and invest or start a business at your own free will. The right to study in any university in Canada will also be granted to you, just like any Canadian citizen. The Business Visa basically gives you the same rights as any Canadian citizen except for the right to obtain a Canadian passport and the right to vote.
Three years after permanently residing in Canada, you will be given the right to claim Canadian citizenship. Aside from obtaining free access to Canada’s health care system which is among the best in the world, you will also be granted access to Canada’s education system. Canada offers free education system for all students in public schools both at primary level and secondary level. Other benefits granted to entrepreneurs or investors are family allowance for big families, social services for destitute individuals and employment insurance in case you become unemployed.
Processing Time of Business Visa
The required time in obtaining a Business Visa may vary from 12 to 36 months based on the country you filed your application and your desired visa subclass. The large number of applications received and capacity of every visa post may affect the processing time of your application.
Need Professional Assistance On Your Business Visa Application?
As highly-experienced Canada immigration lawyers who focus on Canada Immigration Law, we can help make your application process much easier for you. You can go on with your daily life as we work on your application on your behalf from start to finish.