Business Opportunities in Canada
Canada, located in North America, has 10 provinces and three territories extended to the Arctic Ocean in northward to Atlantic and Pacific Ocean. Roughly it has a population of more than 36 million people. The major part of the nation is largely dominated by mountains and forests. It’s a major tourist, and a leading global immigration destination.
Business Opportunities in Canada
The nation provides a good environment for business and investment to all, including the overseas investors and businessmen, eager to milk the positive atmosphere and government support there in.
The fact that the Maple Leaf Country is one of the wealthiest nations in the world and has the 15th largest economy in the world further motivates them.
But there’s more on offer. Business migrants to the country enjoy low cost of living even while the country’s robust economy offers lower tax credits, vis-à-vis offered by any other country in the world.
As a business professional, if you wish to live in the Maple Leaf Country, you can apply as a ‘business immigrant’. When you go through the information offered on business immigration to the country by the Immigration, Refugees, and Citizenship Canada (IRCC), you will see numerous easy-to-follow business programmes, such as the Start Up Visa Programme, Self Employed Programmes, Provincial Entrepreneur Programmes (PNPs), Quebec Business Immigration, Quebec Entrepreneur Programme, and Quebec Immigrant Investor Programme (QIIP).
Who Gets priority?
The fact is that the business stream has been introduced to boost the country’s economy and create new job opportunities for its citizens. Priority is given to those, with some business or managerial experience and high net worth with capability to expand the economy. For the right people it could be a fast track immigration option. If you wish to make an investment in the country or else acquire/associate or manage a venture, then you can choose any of the business immigration programmes mentioned above.
What documents are required to submit a business application?
Along with the IRCC application form, birth certificate, marriage certificate, passport, etc., and other documents related to your qualification and proof of net acquired need to be submitted. It is necessary that you also submit documents related to your business and/or managerial experience.
Under the Canadian Business Immigration Category, does the applicant have to live in a specific province?
Once you have acquired the much prized PR status, you can live, work and freely engage in any business activity in any of the country’s province or territory, regardless of the fact where you have initially indicated to reside in your business application form. However, business professionals who have indicated their plan to reside in the Quebec province must continue to manage/acquire, establish a portion of, in the specific province.
How to prove that the acquired net worth is acquired legally?
You can demonstrate the accumulation and origin of your net worth through a third party documentary evidence, i.e., tax returns, statements from stockbrokers, pay stubs, business valuations, deeds of purchase or sale, etc. You must be able to validate that you have acquired the assets through various means, which are considered as legal including inheritances and gifts.