Foreign entrepreneurs can achieve Canada Citizenship by investment through various immigration programs. By investing in Canada, applicants can obtain work authorization to start a business and, upon its success, apply for permanent residency and citizenship. Canada offers several investment immigration opportunities, each with its own set of fees and requirements. Below, we explore these possibilities, associated costs, and essential factors to consider for those interested in securing Canadian citizenship through investment.
Canada Citizenship by Investment Programs
Canada’s federal and provincial immigration policies provide investors with numerous options. Every program has different demands and business approaches.
Federal Programs
Intra-Company Transfer (ICT): Allows multinational companies to transfer employees to Canadian branches.
Start-Up Visa Program: Targets innovative entrepreneurs who can secure support from a designated Canadian venture capital fund.
C11 Entrepreneur Stream: For individuals who can demonstrate a significant impact on the Canadian economy through their business.
LMIA Pathway: Enables investors to obtain a Labour Market Impact Assessment to support their business investment.
Province-wide programs
One British Columbian
Entrepreneur Immigration—Base Category: $200,000 investment, one full-time Canadian job, and $600,000 personal net worth. Candidates must have commercial or managerial experience and speak English or French.
The Regional Entrepreneur Immigration Pilot targets under 75,000 residents. It entails a
$100,000 investment, a $300,000 net worth, community involvement, and priority processing for referred individuals. Foreign-controlled enterprises investing $500,000 and establishing three or more BC jobs can apply for entrepreneur immigration.
2- Manitoba
Entrepreneurial Pathway: $500,000 net worth, with a $250,000 investment in Winnipeg or $150,000 elsewhere. Candidates need three years of business or senior management experience. Through the Agricultural Investor Pathway, experienced farmers can invest $300,000 in a rural Manitoba agricultural business. A net worth of $500,000 and a detailed business plan are required. For more details, please visit here.
Qualifications and applications
You need a profitable business or considerable funds to develop or buy a Canadian business to apply for an investment visa. CAD $250,000 to $350,000 is a typical investment, depending on business type, region, and market conditions.
Investor Visa Process
- Start by founding or buying a Canadian business.
- To lawfully run your business, obtain a work permit from the immigration program. 3- Keep accurate records while operating your business in Canada for a year.
- After a year of company success, seek permanent residency through your immigration program.
- Once you have permanent residency, work for citizenship by completing residency
requirements, demonstrating language competency, passing a citizenship test, and learning Canadian history and values.
Investment Needs
Investments typically cost CAD $250,000 to $350,000, depending on business type, location, and other considerations. High-cost sectors or large cities may require more investment.
Advantages
Investor visas to Canada offer rapid permanent residency, a friendly business environment, and top-notch healthcare and education. With its diversified society and government support for new firms, Canada attracts foreign investors.
An assessment tool or immigration specialist can provide customized assistance and determine whether you meet the standards.