Canada is among the top best countries in the world to start a business. Every year Canada welcomes hundreds of entrepreneurs to immigrate to Canada through several immigration programs. Businesses are also interested in moving to Canada because of its rich natural resources, skilled labour force, and politically stable government.
If you meet the requisite requirements, you can apply for a Canada Business Visa and immigrate to Canada with your business venture through the following investment immigration programs:
1. Canada Start-up Visa program
It is a Canada Business Visa that invites interested entrepreneurs to present their business plans and earn a letter of support from designated organizations. However, the business plans must be viable and should be scalable in terms of impact. As an entrepreneur with a business plan, you will need to partner with other business enthusiasts to apply for the program.
There are several Canada Start-up Visa requirements that entrepreneurs are required to adhere to. For instance, you will need to have a certain degree of experience as an entrepreneur to run your proposed business. You will also need to furnish mandatory documents proving your financial self-sufficiency and take up a language test.
2. Provincial Nomination Entrepreneur Program
This business immigration program is for interested investors looking to invest in Canada. Provinces through Provincial Nomination programs identify individuals who meet their specific requirements and provide them nominations, hence increasing their CRS.
There is a defined process to immigrate to Canadian provinces and set up your business there. You can invest in a business, farmland, or agriculture. Each option requires a proper business plan and how you would implement the same.
3. Owner-operator LMIA Program
This program enables interested entrepreneurs to purchase a business in Canada and get a temporary work permit Canada. The benefit of having a work permit is that you can later convert that into permanent residency. As an owner-operator, you can get your temporary work visa within 2 to 3 months.
Benefits of Canada Business Immigration Visa
There are several benefits of acquiring a Canada Business Visa, from better infrastructure, availability of resources, and to having access to world markets.
Here are some of the benefits of immigrating to Canada as an entrepreneur:
- Better Infrastructure
The biggest advantage of moving to Canada is the availability of infrastructure. The government of Canada provides unwavering support to entrepreneurs and everyone who is investing in running businesses in Canada. Every province in Canada has certain aids in place to support businesses.
The best part about investing in Canada is that you will be provided with the latest technology tools for your business to run smoothly. It will ensure continuous growth in business and the country’s economy. If you are skilled or have a business idea, now is the best time to apply for a Canada Business Visa and secure a better future for yourself and your family.
- Access to world markets
When you set up a business in one of the provinces of Canada, your business will have access to world markets like the USA, Mexico, and European countries. This benefit will help you turn your business profit manifold.
- Low cost of running a business
If you compare the cost of running a business with the USA, you will find it is much easier to run a business in Canada. You can still open a business in Canada and have access to markets in North America. Living and running a business in Canada is convenient and cost-effective.
- Availability of resources
Canada is known for being extremely rich in resources. You have abundant land and a skilled labour force to benefit from. Such availability of resources can prove to be a convenient solution for your business to grow significantly.
- Permanent residency
When you immigrate to Canada as an entrepreneur, you will have the opportunity to settle as a permanent resident. After getting your permanent residence status, you can also have your family with you and build a future together.
- Acquire citizenship
The advantage of having a Canada PR is that you can apply for Canadian citizenship. As a permanent resident or citizen of Canada, you have access to free public education and subsidized health care.
- Family programs
Another benefit of getting Canada’s business immigration visa is that you can relocate with your family members, such as your spouse and children. Your family members can avail of the social benefits as yourself.
- Contribution to Canada’s economy
Canada’s Business Immigration programs require the applicants to have a legitimate intention to invest in high-demand businesses in Canada. As a business owner, you would be contributing to Canada’s economy and generate employment for Canadian citizens.
When applying for a Canada Business Visa, you will need to address these points in your business proposal. Only applicants with a proper business plan will be considered to immigrate to Canada.
Canada is the perfect destination for you to realize your business dreams along with your dreams of providing a better future for your family. Besides that, relocating to Canada with your family can ensure benefits like free public education for your children and subsidized healthcare for everyone in your family.