Canada offers many different immigration programs for people willing to establish their Business in Canada by either investing in a Canadian Business, purchasing a well-established Business, or expanding their business in Canada. If you wish to immigrate to Canada but you don’t know where to start, then you are at the right place. In this article, we’ll discuss major pathways for you to immigrate to Canada with the minimum investment required.
Canada Business Visa Minimum Investment
4 Main Categories to Business Visas in Canada
Business Visa may be issued to candidates with either a business/managerial experience or individuals with high net worth willing to buy or invest in a Business in Canada. The Canada Business Immigration Program consists of four major pathways:
- Self Employed Persons
- PNP Business Programs
In 2020, around 91,800 candidates received Canadian permanent residence by investment while in 2021, 91,150 candidates are expected to be awarded permanent residence by investment and in 2022 around 91,550 candidates.
1.Start-Up Visa Investor Program
The general Start-up Visa Program is one of the best pathways for business owners willing to invest in Canada. For this program, you must have a well-established business that should be able to create job opportunities for Canadians along with other requirements.
Requirements for Investors:
To immigrate through the Start-up Visa, applicants must:
- Have a well-established business
- Should be proficient in both English and French according to the criteria of Canadian Language Benchmark level 5 (CBL5)
- Have a letter of support issued by a designated institution (minimum funding commitment of $200,000 CDN from a designated Venture Capital Organization, $75,000 from an approved Angel Investor, or Business Incubator)
- Must have enough money to settle in Canada and support themselves
Entrepreneurs are a huge support to Canada’s economy. They create employment opportunities for other people and are highly encouraged to apply for immigration through Entrepreneur Program. Through this program, selected candidates are allowed to start a Business in Canada and obtain permanent residence.
Requirements for Entrepreneurs
To attain permanent residence by the Entrepreneur Program, applicants must:
- Establish, purchase or make an investment in a Canadian Business within 2 years of their arrival in Canada to support the economy
- They must show active participation in the management of the business
- Create employment for at least one Canadian citizen or permanent resident other than the entrepreneur and their family.
The progress of entrepreneurs is reported to immigration regularly within this two-year period.
3.Self-Employed Persons Program
This business immigration stream selects candidates willing to be self-employed in Canada based on their experience, education, age, language abilities, adaptability, and their contribution to the Canadian economy or the cultural or artistic life of Canada.
Eligibility under Self-employed person program:
- have relevant experience (at least 2 years experience in the last 5 years)
- be willing and able to be self-employed in Canada
- meet the program’s selection criteria (minimum 35 points) and
- meet medical, security, and other conditions
Business PNP Programs
The PNP program has its own Business streams across Canada, specifically in these provinces:
- British Columbia
- New Brunswick
- Northwest Territories
- Nova Scotia
- Prince Edward Island
- The minimum net worth of candidates should be CAD 600,000, they must have 3 years of Business management experience, they have to invest $200,000 & create at least 1 full-time employment for a Canadian citizen or PR.
Entrepreneur Regional Pilot
- Candidates should make an investment of $100,000, their personal net worth should be $300,000 and they may have a minimum of 51% ownership of the business & must create at least 1 full-time employee in the local community.
- Criteria: Their Business has to be in a local community in BC with a maximum population of 75,000 individuals.