Due to its proximity to the United States, the availability of resources, and the stability of its national economy, Canada is a perfect destination for business owners and newly-landed immigrants who want to make their mark in a foreign market.
Why Do Business or Invest in Canada?
Canada is always looking for international talent who can contribute to the local economy. Canada boasts a number of Business Class immigration programs that aim to attract new investors, entrepreneurs, and business owners who can promote economic development and improve the job market. This not only creates new opportunities for Canadians but enhances the country’s access to foreign markets by introducing immigrants who understand those markets and can forge strong connections.
If you are a business owner looking to immigrate to Canada, there are several immigration options available to you. Federal and provincial governments offer many opportunities to fast-track your immigration process and start (or expand) your business in the Canadian market.
Though now closed, Canada’s Immigrant Investor Program was designed to welcome business people who would be able to make a significant contribution to Canada’s economy.
Quebec is the only province in Canada that still runs the Immigrant Investor Program (QIIP). Investors can obtain Canadian Permanent Residence by investing CAD 1.2M, risk-free, and having a minimum net worth of CAD 2M.
Canada boasts one of the most business-friendly economies worldwide. It has a number of immigration programs available for business people, making it an ideal choice for entrepreneurs who want to immigrate and bring their business to a new market.
The Start-Up Visa Program links immigrant entrepreneurs with private-sector organizations that can offer funding and experience opening and operating a business in Canada. This program targets entrepreneurs who can create jobs and make an impact on a national and global scale.
On a provincial level, Canada offers a range of immigration categories for entrepreneurs through its Provincial Nominee Programs. Foreign nationals can look into business immigration programs specific to the province in which they wish to settle.
The Quebec Entrepreneur Program, for example, allows business owners to obtain permanent residence in Canada so long as they can create a viable business in Quebec.
Self-employed individuals have a number of options for business immigration.
Canada’s Federal Self-Employed Persons Program allows applicants to demonstrate their relevant experience (whether agricultural, athletic, or artistic) that will prove their ability to be self-employed in Canada and make a significant impact in their field.
Quebec’s Self-Employed program allows candidates who can prove their ability to establish themselves in Quebec in their chosen trade or profession to obtain Canadian permanent residence.
Canada’s Start-Up Visa Program allows immigrant entrepreneurs to obtain Canadian permanent residence while they establish their business in the country. The program’s main goal is to recruit foreign entrepreneurs who want to create new jobs and drive the country’s economic growth.
Successful candidates can connect with private sector organizations in Canada to receive guidance and expertise in opening and running a Canadian business and the funding needed to do so.
Provincial Nominee Programs offer a pathway to permanent residence for foreign nationals interested in immigrating to a specific province. Each province has its own programs designed to attract immigrants who have work experience or have studied in particular fields. The same goes for business immigration options; Canadian provinces can nominate eligible candidates for permanent residence if they are business owners, managers, or have relevant work experience that would lend itself to creating economic growth.
As well, the province of Quebec and the federal government offer popular options for business immigration.
Depending on where you plan to settle in Canada, your options for business immigration programs will change. Some provinces, like Quebec and British Columbia, offer specialized immigration programs for business owners and entrepreneurs, while other provinces may hold provincial nomination draws that target specific labour markets. We can help you explore your Business Class immigration options by connecting you with an immigration lawyer for a Free Assessment.