What’s a Business Immigrant?
Simply put, a business immigrant is a person who wishes to immigrate to Canada by means of starting their own, or investing in one or more Canadian businesses. Businesses and their development cause the economy to grow. Typically speaking, business immigrants come from very comfortable financial backgrounds or can garner monetary support from investors in their home country. Business immigrants fall into two categories as far as the type of businesses they are expected to open: start-ups and self-employed.
Why choose Canada as a location for a business? There are plenty of reasons. First, Canada has one of the strongest, most consistent banking systems in the world. Many Canadian provinces have relatively low taxes as it pertains to business and development. In addition to the low taxes, business costs are also pretty low in many provinces. This allows entrepreneurs to wisely reinvest into their product/service. Last but not least, Canada has a great quality of life, among other reasons to start a business here.
See More:- Can Security Beat the Well-Armed Adversary?
Who’s Eligible to be a Business Immigrant?
Consult the list of designated organizations. This list of business groups has been certified to lend their investment dollars or other types of support to start-ups.
A letter of support from a member of one of these groups is a tremendous help and necessity to any and every business immigrant, as it is a crucial part of the business immigration application.
Canada is legally considered to be a bilingual country. Our two official languages are English and French. To keep in line with the diverse Canadian population, businesses are expected to accommodate employees and clients in English as well as French. It will also give your business the best chances of doing well. Business immigrants are expected to take a language test from an approved agency. Much like the letter of support, the results of the test must also be added to the application. The language test focuses on 4 aspects of language: speaking, reading, listening, writing, much like the IELTS examination. You must score 5 or more in each section of the test.
Prepare and Submit Your Start-up Visa Application
Ready to apply for your start-up visa? Follow these easy steps:
- Get your application package via the www.cic.gc.ca website. Fill out all the necessary forms attentively as errors, incomprehensible details and false information will cause your application to be delayed or refused.
I’ve Submitted my Business Immigration Application. Now what?
There are several factors to consider once your business immigration application has been turned in. The first things that come to mind is the processing time and how the application is actually assessed. The next things that will likely come to mind are police background check and medical examinations, both of which are standard procedure in most countries around the world. Finally, after weeks or months of waiting, you’ll probably begin to wonder what’s the verdict on your case.
Of course, if everything goes according to plan, you’ll become a permanent resident. Permanent residents have many of the same rights as Canadian citizens. The two major differences are their ineligibility to vote in elections and they do not actually hold a Canadian passport. Lastly, upon arrival to Canada, you’ll need a valid passport from your country of citizenship, a valid Canadian permanent residence card and proof of funds. Keep in mind, if you arrive in Canada with over $10,000 CAD in cash, the amount and the reason for it must be disclosed.