In the past few years, Canada has become one of the hotspots for immigrants, especially South Asian residents. If you are one of them, this piece is for you. Read on and discover the top 6 ways you can migrate to Canada without investing much.
Startup Visa Program, for setting up business in Canada
The startup visa program is for immigrants planning to develop a business from scratch in Canada. A business person can arrive in Canada on a work permit under this Visa and later apply for a PR VISA. However, for this to happen, Canada-based Investors need to support your work permit.
Eligibility for the Startup Visa Program:
- The person applying for the Visa should hold a qualifying business.
- Proficiency in languages like English or French
- Enough funds for settling in Canada
Quebec Entrepreneur Program
With a small investment in the Quebec entrepreneur program, you can now get permanent citizenship in Canada. Quebec province officials will consider factors such as your age, duration of your training period, language proficiency, and knowledge of the province. But the assessment will be primarily based on your ability to acquire and continue the business in Quebec.
Province of Quebec Immigrant Investor Program
This visa program is exclusive to the Quebec province. Invest approximately 800000 CAD in any government-approved project for a minimum period of 5 years in the said province, and you will be able to get a visa to stay in Canada. The Visa takes 24 to 36 months to get sanctioned. The most significant advantage of this investor program is that you will get permanent citizenship. You will get all the funded money back at the end of the five-year term mentioned. The Quebec government is going to use the funds for the development of the province. Still, there are specific clauses that you need to match to get into the immigrant investor program.
- It would help if you stayed in the province. Still, as per the Canadian Charter of Rights and Freedoms, you can move anywhere in Canada.
- You can take a loan if you find it challenging to pay 800000 CAD. The loan amount should be under 220000 CAD.
Inter-corporate Transferee Work Visa
Suppose you work for a business organization as an executive or in a managerial post. Your company might transfer you to a new country for a functional purpose. In case you are transferred to Canada, you can apply for the Inter-corporate transferee work visa to get permanent citizenship in Canada. There are a particular set of requirements for the Visa that you need to meet to obtain this work visa, and they are –
- Your minimum working period for the affiliated company in Canada should be one year.
- Your job profile should match precisely with your job back in India.
After claim verification, you can get a working visa which will remain valid for four years. Within six months, you will get the Visa. After staying in Canada for one year with this Visa, you can apply for permanent citizenship.
Section 205 Work Visa, a quick way to get immigration to Canada
You can only apply for the section 205 work visa if you have a business. Before applying for a Visa, you need to do the following things.
- Open a bank account for your company in Canada.
- Deposit money to the bank account for business purposes.
- Form a tie with a Canadian company.
It would be ideal if you made the officials believe that your business investment would benefit the common citizens of Canada. If you manage to do that, then your Visa will get approval. Within six months, your Visa will get approved, and you can open your business in Canada.
Provincial Nominee Programs (PNP)
There are a total of ten provinces in Canada. Some regions have entirely different rules for business immigration programs than others. They are called Provincial Nominee Programs (PNP). This immigration program is quite similar to the Section 205 work visa.
You need to have a net worth of 600000 CAD. As a refundable security deposit, you need to put up 200000 CAD. You also need at least two years of experience in management services in the last five working years.
Besides that, there are other requirements, such as having English proficiency and minimal education qualification. The process of getting a PNP is:
- You need to meet the provincial officials in person. Suppose they get satisfied with your interest in the investment proposal. In that case, you will get repayment for the security benefit.
- Choose to invest in a local company, then against that investment. You will get a provincial nominee certificate which will put you on top of the priority list of immigrants.
After that, within 24 months, you will get permanent citizenship in Canada. The most significant difference between PNP and other methods like working Visa under section 205 and inter-corporate transferee is that there is no need for PEI. You can directly become a permanent resident.
Final Words
If you are a business investor, these are the top 6 immigration programs to which you can apply. After applying, you need to be patient until your visa request or application gets verified by the Canadian government or the government of a particular Canadian province.