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Applying
as a Business Migrant |
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| 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.
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| 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.
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Investors
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| 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.
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| 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. |
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Entrepreneurs |
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| 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. |
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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.
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Self-employed |
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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.
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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.
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Selection
Criteria
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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.
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Entrepreneurs
and Investors
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| Factors
Assessed |
Maximum
Points
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| Education |
16
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| Education
and Training Indicator |
18
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| Experience |
8
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| Occupational
Demand |
n/a
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| Arranged
Employment/Designated Occupation |
n/a
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| Demographic
Factor |
10
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| Age |
10
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| Knowledge
of English and French |
15
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| Personal
Suitability |
10
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| Total
points required |
25
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Self-employed |
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| Factors
Assessed |
Maximum
Points
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| Education |
16
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| Education
and Training Indicator |
18
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| Experience |
8
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| Occupational
Demand |
10
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| Arranged
Employment/Designated Occupation |
n/a
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| Demographic
Factor |
10
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| Age |
10
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| Knowledge
of English and French |
15
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| Personal
Suitability |
10
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| Self-employed
bonus |
30
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| Total
points required |
70
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Funds
required to settle in Canada |
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| 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. |
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Business
Immigration Centres |
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| Applicants
must submit their application to one
of the following centres. |
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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
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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 |
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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 |
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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
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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
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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
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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
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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 |
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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
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Entrepreneur
Category (
F A Q 's ) |
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How
much money must I have to qualify
as an entrepreneur? |
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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.
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I
have never owned a business. Does
that count against me?
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| 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. |
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How
do I prove to the visa officer
that I am qualified and experienced? |
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| 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 |
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Must
I submit a detailed business plan
with my application?
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| 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. |
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What
role do provincial governments
have in the entrepreneurial
immigration process?
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| 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 |
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Must
I make an exploratory visit to
Canada before submitting my
application? |
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| 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.) |
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What
is the British Columbia Business
Immigration Pilot Project?
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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 |
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How
do the conditions imposed on entrepreneurial
immigrants affect me once
I am in Canada? |
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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 |
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Can
I have these terms and conditions
removed? |
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| 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. |
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May
I change my plans for my business
venture after I arrive in Canada?
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| 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 |
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What
if I am unable to meet the terms
and conditions? |
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| 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. |
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Investor
Category (
F A Q 's ) |
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When
must I commit my investment? |
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| 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. |
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What
forms must be completed to enable
me to make the $400,000
payment? |
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| 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. |
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Do
I need to send a receipt to the
Business Immigration Centre to
show that I have made the payment? |
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| 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. |
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Can
I borrow all or part of the $400,000?
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| 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. |
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Can
I make any kind of investment
in Canada in order to qualify?
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| 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. |
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How
will my investment be used in
Canada? |
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| 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. |
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