Immigration Details  ::

 Search this Site ::
      
 
 Advanced Search
 
 24 Hour Customer
 Service Chat

Click Below

 
 
 
 
 
 
 
Contact Us









Home Canada Immigration > Business Immigration

 Canada Immigration :: Business Immigration

 
 Applying as a Business Migrant
 
Canada welcomes business immigrants who have the ability and resources to invest in or establish businesses in Canada. During 1998, business immigrants invested more than $437 million in Canada. Business immigrants, who represent nearly 8% of total immigrants, include investors, entrepreneurs and self-employed immigrants. Selection criteria vary for each category.

Business immigrants must apply at one of nine Business Immigration Centres -- Beijing, Berlin, Buffalo, Damascus, Hong Kong, London, Paris, Seoul and Singapore.

 
Canada welcomes three types of business immigrants: investors, entrepreneurs and self-employed persons. If you meet the requirements of more than one type of business application, you may choose the one that you prefer. The features of each program are listed below to help you make that decision.
 
 Investors
 
In the Immigrant Investor Program, applicants make their $400,000 investment to the Receiver General for Canada at National Headquarters in Ottawa (NHQ). NHQ acts as agent for the approved provincial funds by collecting the investments and distributing them according to the IIP allocation formula (50 percent divided equally among approved funds and 50 percent distributed according to provincial gross domestic product). The provincial funds are responsible for investing their allocations to strengthen their economies and to create or continue employment. They report to NHQ annually, and after the five-year holding period remit the $400,000 investment back to NHQ. Upon receipt, NHQ then returns the investor's $400,000 (without interest). Participating provinces secure their own funds' allocations.
Investors must have successfully operated, controlled or directed a business and they must have accumulated, through their own efforts, a net worth of at least CAN$800,000. The applicant will be required to make an investment of CAN$400,000, payable to the Receiver General for Canada. The investment is subsequently allocated to participating provinces and territories in Canada which use the funds for job creation and economic development. The full amount of the investment (without interest) is repaid to the investor after approximately five years. The return of the investment is fully guaranteed by participating provinces and territories. This program is limited to those who intend to live in a province or territory other than Quebec. Investors who intend to live in Quebec must apply under Quebec's immigrant investor program.

Features of the Immigrant Investor Program

  • Investors are not required to start a business in Canada.
  • Investments are fully guaranteed by the provinces and territories who participate in the program.
  • The provinces and territories control the investment during the five-year lock-in period.
  • No immigration terms and conditions are imposed upon admission.
Under the Canada-Quebec Accord, Quebec operates its own immigrant investor program. All investors in the Quebec program must intend to live in Quebec and must be selected by Quebec. In common with the federal program, investors in the Quebec program must invest $400,000 and have a net worth of $800,000 accumulated through their own efforts.
 Entrepreneurs
 
An entrepreneur must establish or buy a business in Canada. There is no set amount to invest, but it should be sufficient to establish the business within two years, while supporting the entrepreneur and his family. The entrepreneur is expected to participate actively in managing the business. The business must contribute to the Canadian economy and create one or more jobs in Canada in addition to the jobs created for the entrepreneur and his family. The entrepreneur is admitted on the condition that these requirements are met within two years of landing, and is expected to meet regularly with an immigration officer to monitor compliance with the terms and conditions.

Entrepreneurs must have the intention and ability to establish, purchase or make a substantial investment in a business in Canada that will contribute significantly to the economy and create jobs. The business must employ at least one Canadian citizen or permanent resident other than the entrepreneur and his or her dependants. The entrepreneur must be actively involved in managing the business. No minimum net worth is required but applicants in this category must prove that they have enough capital to establish a business, cover its short-term operating costs and support their dependants.

Entrepreneurs and their dependants are admitted to Canada on the condition that they establish and actively manage a business in Canada within two years of arrival. Immigration officials in Canada monitor the entrepreneur's progress and can help by referring them to provincial officials or other agencies who assist in business activities.

Features of the Entrepreneur Program

  • There is no minimum net worth requirement. The amount required is dependent on the type of business that the entrepreneur plans to establish or purchase in Canada. The amount must be sufficient to allow the entrepreneur to start the business and cover the costs of establishing in Canada.
  • The entrepreneur must actively manage the business, and the business must create employment opportunities for others.
  • The business must make a significant contribution to the economy.
  • All family members are admitted under the same terms and conditions as the principal applicant. The terms and conditions are removed once the entrepreneur sets up a significant business venture, hires at least one employee, and is actively involved in managing the business.
 
 Self-employed
 

Self-employed applicants must be able to establish or buy a business in Canada which will provide employment for themselves and will make an economic or cultural contribution to Canada.

Business immigrants are encouraged to visit Canada to explore opportunities and gather first-hand knowledge about doing business in Canada.

Self-employed immigrants must establish or purchase a business in Canada that will keep them employed and contribute significantly to Canada's economy or cultural or artistic life (for example, professional athletes, artists, actors, farmers or writers).

Features of the Self-employed Program

  • No immigration terms and conditions are imposed requiring the applicant to set up his or her business.
  • Self-employed immigrants must have the ability to establish a business that will at a minimum create an employment opportunity for themselves which will make a significant contribution to the economy or to Canada's artistic or cultural life.
 Selection Criteria
 

To be selected as business immigrants, applicants must meet the selection criteria of the business immigration category in which they are applying. The applicant is then assessed against a modified selection system.

Entrepreneurs and investors are assessed against seven of the nine independent immigrant selection criteria. They must obtain a minimum of 25 points.

Self-employed applicants are assessed on eight of the nine independent immigrant selection criteria, and require a minimum of 70 points, the same as other independent applicants. However, they receive a bonus of 30 points for meeting the self-employed definition.

The selection factors and maximum points allocated are indicated below.

 Entrepreneurs and Investors
 
Factors Assessed
Maximum Points
Education
16
Education and Training Indicator
18
Experience
8
Occupational Demand
n/a
Arranged Employment/Designated Occupation
n/a
Demographic Factor
10
Age
10
Knowledge of English and French
15
Personal Suitability
10
Total points required
25
 
 Self-employed
 
Factors Assessed
Maximum Points
Education
16
Education and Training Indicator
18
Experience
8
Occupational Demand
10
Arranged Employment/Designated Occupation
n/a
Demographic Factor
10
Age
10
Knowledge of English and French
15
Personal Suitability
10
Self-employed bonus
30
Total points required
70
 
 Funds required to settle in Canada
 
All business applicants must prove that they have enough money to support themselves and their dependants for at least six months after they arrive in Canada. They should research the cost of living in the region of Canada where they intend to live. They should bring as much money as possible to make their initial establishment easier. They will be required to show proof of their funds. As a rule, a business applicant is expected to have at least CAN$10,000, plus CAN$2,000 for each dependant.
 Business Immigration Centres
Applicants must submit their application to one of the following centres.
 
People's Republic of China-Beijing
Canadian Embassy
Immigration Section
19 Dong Zhi Men Wai Street
Chao Yang District
BEIJING, 100600
People's Republic of China
Tel.: (001-86-10) 6532-3031
Fax: (001-86-10) 6532-1684
England - London
Canadian High Commission
Immigration Division
38 Grosvenor Street
LONDON W1X 0AA
England
Tel.: (011-44-20) 7258 6600
Fax: (011-44-20) 7258 6506
Germany - Berlin
Canadian Embassy
Immigration Section
Friedrichstrasse 95
10117 BERLIN
Germany
Tel.: (+49-(0)30) 203-12-447
Fax: (+49-(0)30) 203-12-134

Republic of Singapore - Singapore
Canadian High Commission Immigration Section
80 Anson Road
#15-01 IBM Towers SINGAPORE 079907
Republic of Singapore
Tel.: (011-65) 325 3200
Fax: (011-65) 325 3297
Mailing Address
Canadian High Commission
Immigration Section
Robinson Road
P.O. Box 845
SINGAPORE 901645
Republic of Singapore

Syria - Damascus
Canadian Embassy
Lot 12
Autostrade Mezzeh
DAMASCUS
Syria
Tel.: (011-963-11) 611 6692
Fax: (011-963-11) 611 8034

Mailing Address

Canadian Embassy
P.O. Box 3394
DAMASCUS
Syria

People's Republic of China - Hong Kong
Consulate General of Canada
Immigration Section
11th-13th floors
Tower 1, Exchange Square
8 Connaught Place
HONG KONG
People's Republic of China
Tel.: (011-852) 2847 7555
Fax: (011-852) 2810 6736

Mailing Address

Consulate General of Canada
Immigration Section
P.O. Box 11142, G.P.O.
HONG KONG
People's Republic of China

France - Paris
Canadian Embassy
Immigration Section
35-37, avenue Montaigne
75008 PARIS
France
Tel.: (011-33-1) 44 43 29 00
Fax: (011-33-1) 44 43 29 93

United States - Buffalo
Canadian Consulate General
Immigration Section
Suite 3000
1 Marine Midland Center
BUFFALO, N.Y. 14203-2884
United States
Tel.: (1-716) 858-9500
Fax: (1-716) 852-4340

Korea - Seoul
Canadian Embassy
Immigration Section
Kolon Building
10th and 11th floors
45 Mugyo-dong, Chung-ku
SEOUL 100-170
Korea
Tel.: (011-82-2) 753 6684/5/6
Fax: (011-82-2) 776 0974

Mailing Address

Canadian Embassy
Immigration Section
C.P.O. Box 6299
SEOUL 100-662
Korea

 
 Entrepreneur Category  ( F A Q 's )
 
 How much money must I have to qualify as an entrepreneur?
 

Entrepreneurs require enough money, transferable to Canada, to start a business in Canada. The system is flexible so that applicants who do not have a comparatively high net worth may qualify. They must show by their qualifications, experience and business plans that they intend and are able to establish a business. This business must bring significant economic benefits to Canada. The ability to meet this test, not the amount of money you have, is the determining factor.

 
 I have never owned a business. Does that count against me?
 
While experience in owning a successful business certainly helps your chances of meeting the entrepreneur definition, it is not essential. You should, however, be able to show significant business management experience and potential to qualify.
 
 How do I prove to the visa officer that I am qualified and  experienced?
 
The checklist found in Appendix C of the Application Kit for Business Class explains and lists the types of documents you must produce. The visa officer will ask you to explain any ambiguities, inconsistencies, shortcomings or gaps in these documents during a personal interview
 
 Must I submit a detailed business plan with my application?
 
No. Selection is based on the qualities of the applicant, not on the business proposal. You simply have to submit a brief outline of the type of business you propose to establish and your general plans for operating it. The visa officer may ask additional questions about your business plans to assess your ability to meet the definition of an entrepreneur.
 
 What role do provincial governments have in the  entrepreneurial immigration process?
 
Except for Quebec, provincial officials are not directly involved. Visa officers representing the federal government make the final selection decision on all applications from people who do not intend to live in Quebec. However, most provinces are eager to meet with prospective entrepreneurial applicants to provide guidance, counselling and information about provincial business development priorities and assistance programs. We suggest that you contact provincial officials before any visit to Canada
 
 Must I make an exploratory visit to Canada before submitting  my application?
 
An exploratory visit is not a requirement, but many applicants find it beneficial. Such a visit gives you a chance to meet with provincial officials and learn first-hand about living and doing business in Canada. (You may need a visitor visa to travel to Canada for an exploratory visit. Contact the visa office for more information.)
 
 What is the British Columbia Business Immigration Pilot  Project?
 
The province of British Columbia offers two useful seminars in several languages for immigrant entrepreneurs (visit http://www.ei.gov.bc.ca/immigration). The first seminar provides information on starting a business and settling in British Columbia. It is helpful to applicants before they emigrate. The second seminar provides assistance in business establishment to entrepreneurs already in Canada
 
 How do the conditions imposed on entrepreneurial immigrants  affect me once I am in Canada?
 
The terms and conditions described in this guide will be printed on your visa and must be met within two years of your admission to Canada. During this period, you must report to immigration officials in Canada at regular intervals. Details on the reporting process will be provided with your immigrant visa. Your status and your rights as a permanent resident are not affected by these terms and conditions during the two-year period. However, if you fail to meet the requirements by the end of two years, you and your dependants could lose your permanent resident status
 
Can I have these terms and conditions removed?
 
Once you have satisfied immigration officials in Canada, through the reporting process described above, that you have complied with the terms and conditions, they will be removed. This can be done at any time during the two-year period.
 
 May I change my plans for my business venture after I arrive in  Canada?
 
Yes, you may do so, but you should check with immigration officials first to ensure that the new venture meets the terms and conditions of your immigrant visa
 
 What if I am unable to meet the terms and conditions?
 
Contact immigration officials as soon as you think you may have trouble meeting the terms and conditions. If you are making a genuine effort to comply, they will be prepared to be flexible. If you do not appear to be making a genuine effort, you and your dependants may be ordered to leave Canada.
 Investor Category  ( F A Q 's )
 
 When must I commit my investment?
 
You can make your $400,000 payment any time after you have submitted your immigration application. The investment must be made before an immigrant visa can be issued. If you have not done so and your visa is ready, you will be notified by a visa officer that your immigration application has met all requirements other than the investment. You will then have 30 days to make the payment.
 
 What forms must be completed to enable me to make the  $400,000 payment?
 
You must read the Subscription Agreement, an important document that describes your rights and responsibilities as an investor. You can download this document from the CIC Web site (http://www.cic.gc.ca/english/pdffiles/pub/busagr-e.pdf) or obtain it from the visa office if you have met all immigration requirements except payment. You will be required to send two signed copies of the Subscription Agreement.
 
 Do I need to send a receipt to the Business Immigration Centre  to show that I have made the payment?
 
No. When your payment has cleared processing in Canada, Citizenship and Immigration Canada in Ottawa will notify the visa office so that your visa can be issued. CIC in Ottawa will also return one executed copy of your Subscription Agreement to you.
 
Can I borrow all or part of the $400,000?
 
Yes, financing is permissible. It is your responsibility to make these arrangements, but CIC will confirm any loan security arrangements with your lender at its request.
 
 Can I make any kind of investment in Canada in order to  qualify?
 
No. To qualify for immigration as an investor, CAN$400,000 must be paid to the Receiver General for Canada. There are no other investment options, other than Quebec's immigrant investor program, which is only available to immigrants intending to reside in Quebec.
 
How will my investment be used in Canada?
 
The money CIC receives is allocated to provincial and territorial funds according to an allocation formula. Investors will be informed of the share of their investment allocated to each province and territory through a promissory note prepared and delivered by CIC. The provincial and territorial funds will use the investment for economic development and job creation.