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| Business Immigrants Canada has one of the world's most comprehensive business immigration programs and welcomes successful business people seeking new opportunities and challenges. Canada Business Immigration Program is designed to promote, encourage, and facilitate the admission of such people to Canada. To be selected as immigrant, the applicant may qualify as "entrepreneur", "self-employed" or "investor". |
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ENTREPRENEURS
The
"entrepreneur program" might be attractive to individuals who have
the necessary expertise and are willing to create a business in Canada.
The objective of this category is to bring about business development, thereby contributing to the economy of Canada and creating job opportunities. On the other hand, direct involvement in business management by the applicant may facilitate his swift integration into society and adaptation to the new environment. Canada Immigration Regulations define an entrepreneur as an immigrant: Who intends and has the ability to establish, purchase or make a substantial investment in a business that will contribute significantly to the economy and create employment opportunities for at least one Canadian citizen or permanent resident other than the applicant himself or his dependents; Who has experience in business administration and has substantial assets; Who intends and has the ability to provide active and on-going participation in the management of the business or commercial venture; Who, if he enters into a business partnership, owns no less than 25% of the shares. To qualify for this category, an applicant must: Have a minimum net worth of CAD $200,000 accumulated through legitimate business or investment means. However, if the applicant does not have a net worth of CAD $200,000, he must demonstrate that he has sufficient funds to establish a business in Canada, and cover its short term operating costs while supporting his dependants; Have actively managed a successful commercial enterprise for at least 3 years; Demonstrate his intention of setting up a business in Canada. The entrepreneur is encouraged to make an exploratory trip to Canada to better determine the business requirements to which he may be subjected; Intend and have the ability to provide ongoing participation in the management of a business that he will establish, purchase or make a substantial investment and will create or maintain at least one job other than for the entrepreneur and his dependants. The entrepreneur is admitted to Canada on a conditional basis. These conditions are only removed subject to the immigrant's performance within two years of arrival in Canada, setting up and being actively involved in the management of a significant business venture. SELF EMPLOYED This category is similar to the entrepreneur category, although, there is no requirement to provide jobs for others. The permanent visa is unconditional. The Self-Employed program adopts a set of selection criteria which draws reference to that of the independent category. You must prove to the visa officer that you are a successful professional, whether owner of a small business, writer, artist or musician. You must be able to convince the officer that you are capable of establishing a business for self-employment. Applicants of this class are mainly small business operators, professional sportsmen or artists. Farm owners may also apply. There is no specific capital requirement for self-employed applicants. Usually it is between CAD $50,000.00 and $100,000.00. Applicants are not subject to any conditions, but personal qualifications are very important. For business purposes, your English skills must be very good and French is necessary if you plan to live in the Province of Quebec. The self-employed applicant must intend and have the ability to establish or purchase a business in Canada that will create an employment opportunity for himself and will make a significant contribution to the economy or to the cultural or artistic life of Canada. Sufficient revenues must be generated by such a business to support the applicant and any dependant (s)). Examples of self-employed applicants are professional athletes, artists, actors or writers. INVESTORS Many potential immigrants are not interested in the "entrepreneur program" since they are not interested in a conditional visa or they simply do not wish to create a business in Canada within the two years of their landing. For these applicants, the "business investors program" is the most appropriate. Canada Immigration Regulations define an investor as an immigrant who: has successfully operated, controlled or directed a business; has made a minimum investment (in an approved fund) since the date of the investor's application for immigration as an investor; has acquired a minimum net worth of at least CAD$800,000.00 through personal business endeavors Types of investments Investments must be in approved funds or designated business undertakings under immigrant investor programs; Investments must also be in investment projects open for subscription To qualify for this category, an applicant must: have a minimum net worth of CAD $ 800,000 (eight hundred thousand Canadian dollars) accumulated through legitimate business or investment means; have at least three years experience in management in a successful commercial enterprise or with a government or one of its department or agency, or with an international agency. invest CAD $ 400,000 (four hundred thousand Canadian dollars) for 5 years. This fund is secured by blue chip bonds of multinational corporations or banks. Immigration authorities may decide to award a visa without an interview for investor category immigrants who meet immigration criteria. We have submitted several applications in this fast track process where an acceptation letter is usually issued within a delay of less than 2 months. Examples:1 CLICK HERE |
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FINANCING
Many
clients, though able to meet net worth requirement for the Program, have
difficulty raising liquid cash in a short period of time. Alternatively, some
client might have an extremely profitable business and would not want to take
capital away from these businesses. To better serve such clients, some
financing options are offered.
According
to the Immigration Investment Plan, the candidate must invest $400,000 for a
period of five (5) years. The candidate can borrow money and the invest only
the difference between the $400,000 and the money borrowed.
There
are two options:
Borrowing $200,000 and depositing the other $200,000. The erosion of equity will be $75,000. The client will be reimbursed $125,000; Borrowing $290,000 and depositing the other $110,000. The erosion of equity will be $110,000. The client will not receive a refund. Each loan is made before the investment with the eligible corporation. Because the interest cost is higher than the return on the investment the equity will erode. All rates are fixed for the five year term on the financing date. There are no monthly payments to be made. The latter financing method is quite flexible. The client invests the full $400,000 and if the requirement for financing should subsequently arise, the client can borrow up to 60-70% of the investment value from a bank. This would be arranged on a line of credit basis. The client could pay down the line of credit if liquidity becomes available and draw upon it at a later date should the need arise.
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Services Immobiliers et d段mmigration - Real Estate and Immigration Services
Canadian and United States Immigration Experts | |
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HEAD OFFICE: 7025A Antonio Diciocco St-Leonard, Quebec, Canada H1T4C3 |
Telephone: 514-254-6859
Facsimile:514-254-0899 Cell:514-865-7244 |
counsel@canadaimmigrationcenter.com
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