THE CANADIAN INVESTOR VISA PROGRAMS WERE DESIGNED WITH THE GOAL OF ATTRACTING WEALTHY IMMIGRANTS TO CANADA. IT WAS CREATED WITH THE INTENTION OF BRINGING THEIR BUSINESS AND CAPITAL TO CANADA.

For immigrants wishing to set up a business in Canada, the Canadian investment visa program offers four categories of business visas:

  • Startup visa program
  • Entrepreneur visa program
  • Self Employed Persons
  • PNP Business Programs

Canada Startup visa program

Immigrant entrepreneurs are encouraged to grow their businesses in Canada under the Startup Visa program. Successful candidates can form a partnership with a private Canadian investor to obtain cash and advice on how to run their business. They can approach three different sorts of private sector investors:

  1. Venture capital fund
  2. Business incubator
  3. Angel investor

This program also offers a permanent resident visa to qualified immigrants who start a business in the country. The other name for this visa program is the Startup Class.

Eligibility requirements for applicants to this program are:
  • They must have proof that their business has the required support from a designated entity in the form of a Commitment Certificate and Letter of Support
  • Thye must possess a qualifying business
  • They should have the required proficiency in English or French
  • They should have completed at least one year of post-secondary education
  • They should have enough funds to settle in Canada and support dependent family members
  • They must clear the medical tests and security requirements

To be eligible for this visa, applicants must have the backing or sponsorship of a specific Canadian venture capital fund, angel investor, or company incubator.

This visa scheme has been designated by the IRCC for specific venture capital funds, investor groups, and business incubators.

Candidates can come to Canada on a work permit sponsored by their Canadian investor and then apply for a PR visa once their firm is established in the country under this visa scheme.

Entrepreneur program:

This program allows you to start a business in Canada and earn permanent residency.

Eligibility requirements:

The applicant must meet the following requirements:

Within two years of arriving in Canada, start, buy, or make a major investment in a business that will contribute significantly to the economy.

Actively manage the business.

Have at least one employee who is a Canadian citizen or permanent resident.

Self Employed Persons program

This stream is for those who want to start or buy a business in Canada that will contribute to the economy as well as the country’s cultural and artistic way of life.

Eligibility requirements
  • Have a minimum of two years of experience in the field.
  • Have the ability and desire to be self-employed in Canada.
  • Meet the program’s minimal selection standards, which are 35 points.
  • Meet the medical, security and other conditions.

The selection to this program is based on the points acquired under the following criteria:

  • Experience
  • Education
  • Age
  • Language Abilities
  • Adaptability
PNP business programs

Through PNP programs, provinces across Canada have access to a variety of corporate investment opportunities.

Each province has its own set of rules. Some jurisdictions, such as British Columbia, provide lenient rules for non-residents who want to launch a firm as a sole proprietorship.

If you want to start a business in a province where non-Canadians are not allowed, you can do so by forming a partnership or corporation with one or more Canadian citizens or landed immigrants. You must first register your partnership or corporation with the provincial government.

 Permanent residency

These programs allow investors and their family members to get permanent residency in Canada if they meet the Canadian government’s selection criteria. You must meet the following requirements if you are an applicant:

  • You must demonstrate that you have relevant business experience. To put it another way, you must have owned or run a qualified business for at least two years in the five years preceding to submitting your application.
  • You and your spouse must have collected at least CAD 2 million in personal savings through legal ways.
  • In order to enter Canada, you and your family must pass medical and security screenings.
  • Under one of the government’s two accessible immigrant investor programs, you will be asked to contribute CAD 1.2 million for a five-year term at zero percent interest. The investment is insured by the government and will be fully refunded at the conclusion of the investment period.
FAQ
How can I get Canadian citizenship through investment?

Once you come in Canada on a Canadian investor visa, you will be awarded permanent residency. You must have been a permanent resident for five years and spent 1095 days or three years of those five years in Canada before applying for citizenship.

What are the specific guidelines of the Startup visa program?

The ownership and shareholding requirements for a startup are specified in this visa program.

To be eligible for this visa, applicants must have the backing or sponsorship of a specific Canadian venture capital fund, angel investor, or company incubator.

This visa program has been recognized by the IRCC to include certain venture capital funds, investment groups, and business incubators.

Startups that make it through this program must be able to raise the minimal amount of money required. The minimum investment from a venture capital fund should be USD 200,000. The investment should be at least USD 75,000 if it comes from an angel investor group. Applicants must be accepted as members of the business incubator program by a designated business incubator.

How long does it take to get a work permit and a PR visa through the Startup visa program?

The commitment letter or letter of support will take roughly 4 to 6 months if the entrepreneur has a viable business proposal. After receiving this letter, the candidate can apply for a PR visa. The processing time for a PR visa is estimated to be 18 months.

What is a Canadian Investor Visa?

Canada investor visa has been introduced for those immigrants who can conduct business in Canada. Immigrants who want to start a franchise or business can go for this visa. The investor visa is of two types which include investment in the government and investment in a business.

How much do I need to invest for a Canada investment visa?

If you are interested in investing in the government, you have to provide $150,000 – $800,000 CAD to the government. In the case of investing in a business, you need to submit proof of funds ranging between $350,000 – $800,000 CAD. The candidate also has to provide the details of net worth, and this amount ranges between $350,000 – $1,600,000 CAD.

What are the eligibility criteria for a Canada start-up visa?

There are four eligibility requirements for you to get eligible for a Canada Start-up visa. These requirements are as follows:

  • The candidate must be running a qualifying business
  • The candidate should have a letter of support that has been generated by a designated organization
  • The candidate should meet the language requirements
  • The candidate should have enough funds that he can live in Canada
Can I get support from a designated organization to start a business in Canada?

Yes, you can get support from a designated organization in Canada to start your business. For this, you have to contact a designated organization and seek them for support. You have to convince the organization with your business proposal, which should be in demand, and the idea behind the business has to be different from others. After your proposal gets accepted, you can proceed with the agreement, and then the designated organization will then send a letter of support to you to proceed further.

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