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Visa for Investor or Businessman or Entrepreneur
Business Visa is issued to the individuals who can either invest or start a business
in Canada, which significantly adds to the Canadian economy. The visa is granted
to the candidates who are found eligible to contribute in Canadian economy through
their relevant experience.
There are three main categories under this program:
Investors
To be eligible for this category, the candidate needs to have a experience of managing
a business of at least 2 years. The applicant needs to have a capital valued at
minimum $1.6 million and he will be required to invest $800,000, paid to Receiver
General of Canada.
The investment is then allocated to the participating provinces and territories
and the amount is repaid generally, at the latest, after 5 years and 3 months after
the date of payment. No interest is added to the repaid amount.
As per the Canada-Quebec agreement, the investor must wish to live in Quebec and
must have a net capital valued at minimum $1.6 million.
Entrepreneurs
Applicants of category are required to have a capital valued at minimum $300,000.
The candidate must be able to actively manage business, for at least 1 year, within
3 years of attaining the permanent residency. The business must be employing at
least one Canadian permanent resident. The family members will also be imparted
residency status on the same conditions as the principal applicant, however, the
conditions would be removed once the entrepreneur is able to satisfy all the conditions.
The candidate is required to sign a statement that he wishes and will be able to
meet the requirements of permanent residency.
As per the Canada-Quebec agreement, the province of Quebec manages its own immigrant
entrepreneur program. All entrepreneurs must wish to live in Quebec and must be
chosen by Quebec. In common with the federal programs, entrepreneurs in the Quebec
program need to have a capital valued at minimum CA$300,000.
Self Employed Persons
For this category of applicants, there are no immigration conditions imposed. However,
they must have an experience, intention and ability to either create a business
which would create a business opportunity, at least, for themselves, and which will
make noteworthy contribution to cultural activities or athletics in Canada; OR they
should be able to purchase and run a farm in Canada. The applicant needs to be able
to financially support himself and his family. Points are rewarded for relevant
experience within the 5-year duration preceding the date of application.
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