The Canadian Government has introduced the Canadian Business Immigration Program to develop the local market by creating opportunities for skilled and experienced people across the world to start new business entities in Canada. Through the business immigration program, the Government of Canada provides visas to the entrepreneurs, businesspersons, and investors of other countries to invite them to start new businesses in Canada that can create more employment opportunities for the country’s citizens and contribute to the overall economic development of Canada.
There are four types of Canada Business Immigration Programs – Entrepreneurs Visa, Business Visitor Visa, Investors Visa, and Self-Employed Program available in Canada.
Let’s understand in detail about the Canada Business Immigration Program
The entrepreneur visa programs are designed to provide opportunities to the immigrants to become an entrepreneur by allowing them to make use of the growing economy of Canada. The entrepreneur visa also enables immigrants to obtain permanent residence and bring their family to Canada. The Quebec Immigrant Entrepreneurial Program is one of the most famous entrepreneur visa program introduced by the Canada Government.
Business Visitor Visa
This is a type of business visa through which business persons from the other parts of the world can come and stay in Canada temporarily and approach the international business markets to make new business connections or to invest and grow internationally. The eligible candidates who have satisfied the specific requirements can obtain the business visitor visa, provided they have no intention to influence the Canadian job market directly.
Investors Visas are meant to attract international investors to invest in the economy of Canada. There are different categories of investors visa’s available under the Canadian Immigration Program. Depending on the type of investor visa, the candidate obtains, they can get the eligibility to apply for the permanent residence in Canada.
The Self-Employed Program is a business immigration program designed to invite people across the world who can create self-employment in various fields, for instance, in sports or as an artist. By creating their own employment in Canada, they are expected to contribute to the Canadian employment market. Only people with adequate financial support and relevant experience in the field can apply for this business immigration program.
When the Canadian Government offers visas to the business class immigrants, it is usually given based on certain criteria like their ability to contribute to the development of the economy of Canada while sustaining their economic stability. These are the immigrants who have the required skills and experience to invest and start a new business in Canada, which in turn will develop the local market.
Business immigrants are mainly classified into two categories, which are explained below.
Business Immigrants entering with a start-up visa
If you want to apply for a start-up visa, you must satisfy certain eligibility criteria. You should have support from any of the designated Canadian business incubators, angel investors, or venture capitalists in the form of written commitment. Also, you should know at least one language from English or French to establish communication. Apart from that, having sufficient funds in your bank account to support your cost of living in Canada until your start-up business creates income is a must.
If you want to become eligible for the self-employment program, you must satisfy either have adequate experience and skills to contribute culturally or athletically to the Canadian economy or sufficient experience in farm management to purchase and manage a Canadian farm.