Foreign investor entrepreneurs who wish to move to Canada have the chance to do so with business immigration visa schemes. Here are some options that can help you make the big shift.
Federal Option – Startup Visa
The Startup Visa is for entrepreneurs who have a unique company concept that can compete globally while also creating employment in Canada.
There are no specified minimum investment criteria for the program. However, the applicant must get financing from Designated Organizations ranging from $75,000 to $200,000, as well as hold at least 50% of the voting rights in the startup company.
Business Immigration – PNP options
If you’re serious about starting a company, you should concentrate on the PNP streams created especially for business people and international entrepreneurs. As part of its provincial nomination scheme, almost every Canada Business Immigration program in Qatar province offers some kind of corporate immigration program.
Here’s a rundown of the PNP streams that are accessible to traditional business people and entrepreneurs.
Manitoba Entrepreneur Pathway – Anyone having a one-third or greater interest in a company or a senior management position in a company for three of the previous five years is eligible to apply for Manitoba’s PNP stream for entrepreneurs.
Other criteria include a net worth of $500,000 or more, a minimum investment of $150,000 for companies outside the Manitoba Capital Region (MCR) and $250,000 for businesses situated in the MCR, and CLB 5 or higher language competence.
Nova Scotia Entrepreneur Stream – This stream is accessible to individuals having a net worth of $600,000 and liquid capital of $150,000 or more available for investing. You must have owned a third or more of a company for at least three years or have held a senior management position for at least five years to qualify. You must have a CLB 5 or higher level of language competence.
Entrepreneurship in Saskatchewan – You must have a net worth of $500,000 or more and have worked as an entrepreneur or in management for at least three years in the last 10 years.
If your company is located in Regina or Saskatoon, you must spend at least $300,000, or at least $200,000 in other areas throughout the province. Furthermore, your company must generate at least two employment for non-related citizens or permanent residents.
Alberta Foreign Graduate Start-Up Visa Stream
This incorporates elements from both foreign graduate programs and traditional business immigration programs. To be eligible, you must have a post-secondary degree, although a foreign degree will suffice. You must have a comprehensive business plan demonstrating the feasibility of the company concept, as well as a ten-minute presentation demonstrating how the proposal would create growth in one of the province’s eight important areas.
You may qualify with only six months of company experience, including participation in entrepreneur courses. However, companies in the Calgary and Edmonton CMAs must spend at least $100,000, while businesses in a regional area outside of these two CMAs must contribute at least $50,000.
You must also own at least 34% of the company (in the two CMAs) or 51% (in other regional regions) and have CLB 7 or better language competence.
New Brunswick’s Business Immigration Stream
To be qualified for the company immigration stream, business owners with active management experience must show they managed two workers.
You must own at least 51 percent of your company and have actively managed it for three of the previous five years. You must hold at least a third of the company in New Brunswick, have a net worth of at least $500,000, and invest at least $150,000. At least one full-time employment must be created in the province by your company.
To know more about the Canada Business Immigration program in Qatar you can contact a reputed immigration consultant. Your immigration to Canada from Qatar is made easy and hassle-free with help from expert consultants.