Canada always strives to develop international business partnerships and welcomes business people to settle and start successful commercial operations here, with it bringing new opportunities for Canadian people by creating new workplaces and jobs locally, as well as forging new export or import ties internationally. Globalization of the world economy makes it an essential need to build and strengthen international commercial ties, to keep on top of international economic trends. With favourable legislation and clear and easy to comply with the taxation system, Canada attracts business-minded individuals from all over the world to settle and invest in our economy.
The need for building business and developing new economic ties has been recognized by the government and Business Immigration Program has been enjoying the special focus and attention of IRCC with the aim of facilitating the process. Business Immigration Program exists both as part of federal immigration program and Provincial Nominee program (link over to OINP business section), depending on where the interested party is planning to settle and operate.
Immigrant Investor Program
The Immigrant Investor Program aims at attracting experienced business investors to settle in Canada and create long-term opportunities in job creation and developing business. To qualify for the program the potential candidates must prove that they:
- Have the required business experience
- Show net worth of 1,600,000 CAD gained legally
- Invest 800,000 CAD
The full amount of the investment will be returned to you in full without the interest within the 5-year term. The funds will be used for 5 years by IRCC to develop the local economy and create jobs both on the provincial and federal level.
Start-up Visa Program
Startup businesses have been an important part of the Canadian Economy for over a decade. Whether they would further develop in a multinational corporation or continue to operate as local mid-sized businesses, they are considered to be important in overall Canadian economic growth, helping to turn innovative ideas and new technologies into profitable enterprises and creating employment opportunities for new talent.
Startup Visa program is open to immigrant entrepreneurs who can demonstrate potential to build a business based on an innovative idea, or using cutting-edge technology in Canada.
In order to apply for start-up business visa program the business must meet the following requirements:
- Be based on an innovative idea or technology
- Have confirmed intention to invest in from a third party the amount of 75,000 CAD
- Confirmed investment intent of at least 200,000 from a venture capital fund
- Confirmed acceptance by designated business incubator program
Self-Employed Persons Program
Self Employed labour sector is a rapidly growing segment of the Canadian Labour Market. It becomes increasingly popular as it offers a certain flexibility and contract opportunities with multiple business partners and employers allowing the self-employed workforce to control income and work time.
IRCC recognizes the importance of self-employed workforce for the labour market in Canada. To be able to qualify as a self-employed person the candidate will have to demonstrate relevant skills as well as ability to support herself/himself and dependants with self-employed income (farmer, athlete, artisan, graphic designer, IT specialist).