Canada Business Immigration Visas
What is the Business Immigration Program?The Business Immigration Program is a category of immigration under which individuals with business/managerial experience and relatively high net-worth may apply for Canadian permanent resident status. There are three sub-categories under the Business Immigration Program: Investors, Entrepreneurs and Self-Employed Immigrants.
What documents must applicants submit?In addition to government application forms, education-related and statutory documents (passports, birth certificates, etc.), Business Immigration Program must submit documents evidencing business and/or managerial experience, as well as documents evidencing net worth.
Must I live in the province stated as my intended destination?When you become a permanent resident, you may live, work and engage in business activities in any Canadian province or territory.
How can I qualify as an Immigrant Investor?As an Immigrant Investor planning to reside anywhere in Canada, except Quebec, you must:
- Have a net worth of at least CAD$800,000 gained through your own endeavors; and
- Invest CAD$400,000 for five years with Citizenship and Immigration Canada which acts as agent on behalf of provincial and territorial investment funds; and
- Have successfully operated, controlled or directed a business or managed a minimum of 5 employees for a period of 2 years.
How do I prove I earned my funds by legitimate endeavors?Immigrant Investor applicants must demonstrate the origin and accumulation of their wealth through reliable, third party documentary evidence: tax returns, pay stubs, deeds of purchase/sale, statements from stockbrokers, business/real estate valuations, etc. An applicant must be able to demonstrate that assets were gained through means, which are considered legal, including gifts or inheritances.
Will I be obliged to work and/or engage in business activities?While an Immigrant Investor is entitled to engage in work and business activities upon arrival in Canada, there is absolutely no obligation to do so.
When do I commit my investment amount?You must commit your CAD$400,000 investment amount before final approval from Federal or Quebec Immigration officials, as the case maybe.
What happens to my investment funds if I am refused?If your intended destination in Canada is outside Quebec, your investment will be promptly refunded. If you intend to reside in Quebec and you have deposited your investment in a government approved immigrant investment program you must make sure that your investment is not locked-in until you land in Canada. Your investment cannot be refunded for five years once it has been locked in.