The ‘Country above the US’ Canada is a favorite destination for the prospective immigrants, especially those who are keen on doing business there. Such applicants use the much sought after and widely used business immigration program of the country in question.
The said program is meant for those aspirants who want to get a visa for immigration, and those who have a minimum of funds, apart from experience involving management or business. Lucky applicants picked up under the program of business immigration and close members of their families get the permanent residency status of the nation. And, in the aftermath of domicile for three years in the nation, the applicants, along with their family members, qualify for the prized citizenship of the nation.
Business Immigration Categories
Entrepreneur Immigration: Applying individuals must be in a position to prove a total value of not below than CAD $300,000. They must also have run and be the owner of a legal enterprise for a period of at least two years. This duration must be from the previous five years. Those applicants who receive a green signal would be expected to set up and run a business in the nation within three years of acquiring the permanent residency status of the nation.
Investor Immigration: Aspirants must be in a position to prove a total value of not less than CAD$ 1,600,000. They must also have run and be the owner of a legal enterprise for not below than two years. This duration again must be from the previous five years. People who receive a green signal are expected to come up with a secured investment. A chunk of this investment may well be generated via financing.
Self-employed Immigration: Aspirants must be in a position to prove a total value of not below than CAD$100,000. They should also possess not below than two years of business experience as a self-employed entrepreneur.
While we are on the issue, it would be relevant to cover this news: the Ontario (a province of Canada) Liberals have proposed a new tax credit for those enterprises which would employ new citizens of the nation. The said program would offer a tax break of $10,000 to such enterprises.
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