Canada is one of the most preferred destinations for immigrants globally. However, entry into the North American country is quite difficult. However, if you want to conduct business in Canada, the government is willing to offer permanent residency. This program is called the Canada Business Immigration Program, and the visa allotted under it is called the Canada Business Visa.
Who is Eligible for Canada Business Visa
The visa by investment program in Canada is designed to attract talented entrepreneurs and elite freelancers or self-employed individuals to the country. The government aims to encourage investment and increase employment opportunities for the people of Canada. Therefore, the eligibility of a person for the Canada Business Visa depends on the category they fall under. Following are the types of investor programs through which one can acquire a Canada Investor or Business Visa
Startup Investor Visa Program
The Start-Up Investor Visa program is aimed at attracting innovative start-up investors that could create jobs locally and compete internationally. Eligibility includes proficiency in English and French and a minimum funding commitment of CDN$200,000 from designated Venture Capitalists and $75,000 from a recognized Angel Investor. Also, the proposed start-up must be a qualifying business.
Entrepreneur Program
The Entrepreneur visa program allows individuals to settle down in Canada by making considerable investments in businesses in the country within two years of arrival. The investment must make a visible impact on the economy, while the investor would be required to participate in the management of the business actively. The investment must also give employment to at least one Canadian citizen or permanent resident.
Self-Employed Individuals Program
This program is designed to attract freelancers or self-employed individuals willing to establish or purchase a business in Canada. Their investment must make a notable contribution to the economy, culture, or art in Canada. Applicants would need clearance for medical conditions and security to become eligible for the program.
Source: THE ECONOMIC TIMES