Foreign investors, entrepreneurs, and business owners can seek for permanent residency in Canada through investment visa programs. Canada does not allow investment-based permanent residency. Canada draws investors and companies with its strong economy.
Many Canadian Investment Visa schemes demand firm investment for permanent residency.
Investment in a Canadian company and Permanent Resident Visas are possible in other ways.
Here are the greatest ways to get permanent status in Canada through business investment.
Canadian business visas are available to foreign entrepreneurs, investors, startup founders, and self-employed people. Foreigners and their families can reside in Canada permanently by investing. They can do this by expanding into Canada, investing in a Canadian company, or starting a new one.
The five-step process for citizenship and permanent residency through investment is followed by most Canadian investor immigration channels.
- Consider investing in an existing Canadian business or establishing a new one.
- Obtain an Entrepreneur Work Permit.
- Operating a business while residing in Canada.
- Submit an application for permanent residency.
- Submit an application for Canadian citizenship.
Investment alternatives that may help business owners and investors get Canadian permanent residency:
1. Intra-Company Transfer Visa (C12 Visa)
IRCC ended Owner/Operator LMIA, a unique Canadian investment immigration option, in April 2021. Canada’s Intra-Company Transfer Visa resembles the Owner/Operator Visa. ICT is a specific Federal effort within International Mobility that helps Canadian businesses grow internationally.
Permanent residency is available after one year of business success in Canada. Senior executives can start a Canadian business and get an LMIA-exempt work visa. Canadian permanent residency application follows. The spouse and children of the lead candidate receive open job and study visas under the ICT track. It lets them study and work in Canada.
2. Work Permit C11
The C11 Entrepreneur Stream (C11 Work Permit) is another federal immigration category under International Mobility. This stream is for investors and entrepreneurs in Canada. Successful C11 candidates can seek for permanent residency one year after joining the organization. The C11 work visa can be renewed for two years if the Canadian employer is lucrative and active. Imagine starting or investing in a Canadian firm. Consult a company immigration professional since not all businesses qualify. No investment minimum is needed for a C11 Work Permit. Use our Business Evaluation tool to evaluate this program’s minimum investment.
3. Businessman LMIA Entrepreneur/Business owner
Work permits exempt from LMIA include C12 and C11 Visas. LMIA lets business owners, entrepreneurs, and investors enter Canada as entrepreneurs. A unique Enterprise LMIA Work Permit takes two to three months to complete. Their firm or any other Canadian enterprise can operate in Canada.
After two years of full-time work, they can apply for permanent residency. No minimum investment is needed for this pathway.
4. Business-focused Provincial Nominee Program
Each Canadian province seeks foreign business owners and investors to boost its economy. Business PNP possibilities in several provinces allow investors to invest in specific businesses and seek for permanent citizenship.
Consider these options:
- British Columbia
- Alberta
- Ontario
- Saskatchewan
- Manitoba
- Nova Scotia
- Prince Edward Island
- New Brunswick
5. Quebec Investment Programs
1. Three investor immigration avenues exist in Quebec.
Quebec Immigrant Investor Program Quebec-based business investors use the Quebec Immigrant Investor Program. The Quebec government has postponed this plan until April 1, 2023. Commonly known as Golden Visa Quebec.
Minimum investment: $1,200,000
2. Quebec Entrepreneurship Program
Quebec residents can get help starting and running an innovative business through this program. The program has two stream-specific eligibility requirements.
Minimum investment: Variable
3. Quebec Self-Employed Worker Program
This program helps self-employed Quebecers settle. For eligibility conditions, visit the Quebec Self-Employed Worker Program website.
The minimum investment is $25,000 or $50,000, depending on Location.
Contact Mr. Usman Khalil who is a IRCC licensed Immigration Advisor and Chartered Professional Accountant who can simplify your journey to Canada. Visit www.makimmigration.ca or email Mr. Usman at usman@makimmigration.ca
