BUSINESS

Business

Canada offers the most established and widely-used investment-based immigration programs conferring permanent resident status.

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Business Classes 

1. Self-Employed Persons


The Self-Employed Persons Program seeks to attract applicants who intend and are able to become self-employed in Canada. Self-employed persons must have either:
• relevant experience and the intention as well as the ability to make a significant contribution to the cultural or athletic life of Canada; or 
• experience in farm management and the intention as well as the ability to purchase and manage a farm in Canada. 

To be eligible as a self-employed person, the applicant must:

a) Relevant Experience, Intention and Ability to become Self-Employed

Relevant experience is defined as:
• participation in cultural activities or athletics at a world-class level;
• self-employment in cultural activities or athletics; or 
• farm management experience.
Self-Employed Qualifying Activities by Occupations
Occupations in art, culture, recreation and sport 

b) Self-Employed Selection Criteria

The applicant will be assessed on selection criteria that include:
 experience, education, age, language abilities and adaptability.
To qualify, the applicant must first meet the definition of a self-employed person.
The applicant will be assessed against five selection criteria and a point system.
The applicant must obtain a minimum of 35 out of a Maximum 100 points to immigrate to Canada as a business immigrant.

*The pass mark of 35 points is may change

c) Medical, Security and Other Requirements:

The applicant and family members must have a medical exam and all persons 18 of age or older must obtain police certificates from relevant countries.
The applicant must show sufficient funds to support himself or herself and their dependants after their arrival in Canada.
Relevant experience in respect of:
1. a self-employed person means a minimum of two years of experience, during the period beginning five years before the date of application for a permanent resident visa and ending on the day a decision is made on the application. The experience must consist of: 
1. in respect of cultural activities:
 
A. two one-year periods of experience in self-employment in cultural activities; or 
B. two one-year periods of experience in participation at a world class level in cultural activities; or 
C. a combination of a one-year period of experience described in A above, and a one-year period of experience described in B above. 
2. in respect of athletics: 
A. two one-year periods of experience in self-employment in athletics; or 
B. two one-year periods of experience in participation at a world class level in athletics; or 
C. a combination of a one-year period of experience described in 1 above; and a one-year period of experience described in 2 above; and 
3. in respect of the purchase and management of a farm, two one-year periods of experience in the management of a farm. 
Specified economic activities, in respect of:
A. a self-employed person, means cultural activities, athletics or the purchase and management of a farm; and 
B. a self-employed person selected by a province, has the meaning provided by the laws of the province. 

2. Start-Up Visa


Canada’s Start-Up Visa Program is the first of its kind in the world, Canada invites entrepreneurs with experienced private sector organizations that have expertise in working with start-ups companies that will create jobs in Canada, and eventually, compete globally to apply to this program.
There are four eligibility requirements:

1. Prove that the business idea is supported by a designated investor organization
2. Meet language requirements
3. Meet education requirements
4. Have enough settlement funds

1. Prove that the business idea is supported by a designated investor   
organization

Before applying for a Start-up visa, the applicant must convince a designated angel investor group or venture capital fund to invest in their business idea. If the investor organization decides to fund the business idea, they will give the applicant a letter of support with a Commitment Certificate confirming their agreement.

2. Meet Language Requirements

The applicant must prove their ability in English/French in these four areas: 
• speaking,
• reading,
• listening, and
• writing.
The applicant must meet the minimum level of CLB 5 in either English or French for all four language abilities.

3. Meet Education Requirements

The applicant must provide proof of education with their application. Specifically, the applicant will need:
• proof of having completed at least one year of post-secondary education
• proof that the applicant was in good standing during at least one year while the applicant was attending a post secondary institution

4. Have Enough Settlement Funds

The applicant must show that they have enough money to support themselves and their dependants after arriving in Canada. 
The applicant will need to provide proof of their funds when they submit the application for immigration.
The amount of money needed to support the family is determined by the size of the family. 

3. Immigrant Investor Venture Capital Pilot Program


Immigrant Investor Venture Capital is pilot program that was launched in January 2015 to attract millionaire investors in exchange for permanent residence. IRCC accepts the first 60 complete applications each year.

To be eligible the investor must:
Have a net worth of $10 million CAD or more acquired through lawful, private sector business or investment activities. As a result, the investor’s personal net worth acquired such as, by inheritance or the value of their primary residence will not be accounted for.
Have proof of net worth by way of a due diligence report from a IRCC designated financial services provider as mentioned below.  
The validated report must be from one of these companies:

• BDO USA, LLP 
• Deloitte Forensic Inc.
• EY
• KPMG LLP 
• PricewaterhouseCoopers (PwC) LLP
• Raymond Chabot Grant Thornton Consulting Inc.

If selected under this program, must make an at-risk investment of $2 million CAD in the Immigrant Investor Venture Capital Fund for a period of 15 years. There is no guarantee that it will be returned in its entirety or any amount will be paid back to the investor. It depends of the performance of the investment. The money will be invested in innovative Canadian companies based outside Quebec. Quebec is not included in this program.
Meet the minimum level of CLB 5 in either English or French in all four language abilities (speaking, reading, listening and writing) through a IRCC approved language testing institution.
Must have completed Canadian post-secondary degree, diploma or certificate of at least one year or have a foreign equivalent validated Educational Credential Assessment (ECA) from a IRCC-designated organization. 

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