Similar to other countries, Canada too suffered an economic setback due to the Corona pandemic. Now as most of the population around the world has been immunized and things are coming to normalcy, the country is gearing up to welcome immigrants who can contribute towards stabilizing its shaking economic condition. And that is why this is the best time for self-employed people to immigrate to Canada as in this situation they can get permanent resident status faster.
Corporate Immigration Programs in Canada
The country offers point-based corporate immigration programs that include programs such as the Intra-Company Transfer Program and Startup Visa Program. Immigrants can achieve permanent resident status through these programs and ultimately become citizens of Canada. Over the years, certain factors such as low crime rate, excellent education system, world-class healthcare centers, and infrastructure have made Canada a hot favorite among immigrants.
And now Canada is also making it easier for immigrants especially entrepreneurs and self-employed people to start new ventures in Canada and ultimately become its citizens.
Immigrants are better at Job Creation
A survey conducted recently revealed that immigrants having a business or startup in Canada offer better jobs and labor market expansion as compared to locals doing businesses. That is the reason why the Federal government of Canada has started adopting immigration-friendly policies and rules to attract budding entrepreneurs from other countries.
And to make these strategies a big success the Canadian government has also made sure that the policies are flexible, transparent, and fair. Care is also taken to ensure that no new updates are suddenly announced that may distract the immigrants from their intention of immigrating to Canada for starting their businesses.
Entering Canada as Business Immigrants
A person can enter Canada as a business immigrant through two programs:
- Startup Visa Program
- Self-employed persons
To become eligible for Startup Visa Program an immigrant must have committed support from a Canadian angel investor group, venture capital fund, or business incubator. He must have the ability to communicate either in English or French and must have enough money to fulfill his cost of living and settlement requirements in Canada.
To become eligible for the self-employed person program, an immigrant must have adequate experience so that he/she can contribute to the athletic or cultural life in Canada or must have good experience in farm management so that once he comes in the country he can buy farmland and manage it properly.