Business Immigration
To drive their economies almost every country in the world relies on the foreign investors. Because of the crucial role that the foreign investment plays in stabilizing and growing an economy, many countries have taken the initiatives to attract foreign business immigrants. To successfully do so, many nations are offering comparatively low tax rates or several other economic and social benefits. Let’s discuss more about business immigration programmes.
In the last five years or so, numerous countries have introduced investment based immigration programmes especially designed to lure the potential foreign investors/business professionals with a promise of the country’s Permanent Residency (PR) soon after they fulfill the set criteria followed by citizenship.
Some of the popular immigration destinations for the business immigrants are Canada, Hungary, Poland, Singapore, the UK, Australia, and Denmark. Though many nations have now-a—days have almost closed their doors for such immigrants, many other countries are still encouraging business immigration.
Although, every country’s business immigration programme varies, it can be broadly be classified into two broad categories– Entrepreneur Visa and Investor Visa.
Investor Visa: It is granted to the foreign investors who want to make an investment of a fixed amount into the country largely depending on the country’s immigration programme. Either the candidate controls the invested amount or else makes an investment through the government bonds or government itself manages the amount. The perfect example for such a kind of investment is Australia and Poland respectively.
On the other hand, in some nations, investment is made to create new jobs for its citizens and other offers Permanent Residency (PR) in return for one time investment. Canada and Hungary respectively have investment schemes based on such norms.
When you choose a particular nation for investment, you will come to know that many investor plans have been developed to strengthen the real estate of the particular country and the condition is the candidates choose the specific regional area. Australia and the US have such kind of investment schemes. Most of the investor plans do not ask the investor to actively involve themselves in managing the investment activities themselves.
Entrepreneur Visa: Under it, not many countries ask the foreign nationals to manage the investment activities because the investment is used either to grow an existing venture or establish a completely new venture. Although the majority of the programmes ask the candidates to make an investment, it is relatively a smaller amount, and is used for the purpose of establishing or managing the entrepreneur’s own business.
When it comes to business immigration, a common characteristic is that the applicant can bring along his family, i.e., spouse/common law partner and dependent children.
How and where to start?
To choose a country for business activity is a real tough task. You can make it much easier and simpler by consulting an immigration consultant. An expert in the field will not only help you choose the right destination but will also guide you when it comes to applying for a visa and fulfilling the eligibility conditions.
Want to know more about business immigration? Please contact me at mustaqali@abhinav.com.
