How Can Businessmen and Entrepreneurs Immigrate to Canada?

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Canada is open for business and welcomes the world’s entrepreneurs 

There are many reasons why Canada is the best place to build your business:

  • Strong economic growth: Forbes magazine rates Canada as the best country in the G-20 with which to do business. Canada has the strongest fiscal position in the G-7 and among the best fiscal prospects in the G-20.
  • Low taxes and low business costs: Canada offers a low-cost and low-tax environment so your business can thrive. Canada’s overall tax rate on new business investment is significantly lower than that of other G-7 countries. KPMG ranks Canada as the most tax competitive country in the G-7.
  • High Quality of life: Canada’s high quality of life provides a great backdrop for the success of individuals, families and globally engaged companies. According to the World Bank, in 2011 Canadians enjoyed nearly the highest standard of living in the G-20. Canada is home to a highly educated, flexible and multicultural workforce.

International entrepreneurs have a range of options to come and work in Canada.

  • Each year Canada welcomes thousands of entrepreneurs who bring their innovative ideas and unique business expertise to Canada.
  • Many entrepreneurs first enter Canada as foreign workers in order to establish their business or gain valuable work Canadian work experience.
  • Many of Canada’s immigration programs value Canadian work experience, and that’s why many entrepreneurs are able to remain in Canada as permanent residents by using their work experience in Canada to support their application for Canadian permanent residency.

Foreign workers-entrepreneurs enjoy the following benefits in Canada:

While working in Canada, international entrepreneurs may also:

  • Bring accompanying spouse to Canada;
  • Bring minor children to study in Canada for free or at the same rate that Canadians pay; and
  • Get access to free health coverage and other social benefits.

A brief overview of the temporary work permit options available for entrepreneurs:

  • Intra-Company Transfer

This program is designed for entrepreneurs who plan to continue operating their existing business overseas while also expanding into Canada. Multinational corporations may also use this program to move management and key staff between branches.

  • C11 Work Permits

A C11 work permit may be an option for entrepreneurs who are the sole or majority owner of the Canadian business. This type of application is usually for seasonal businesses or in cases where the business owner intends to maintain a primary residence outside Canada.

  • Owner/Operator LMIA

Entrepreneurs investing in a Canadian business that is not related to an existing business overseas may consider an Owner/Operator LMIA-based work permit. Entrepreneurs may be minority owners of a Canadian business but must plan to take an active role in day-to-day management.

  • NAFTA Investor

The NAFTA Investor program allows American or Mexican entrepreneurs who have already made a significant investment in a Canadian business to enter Canada to develop and direct that business.

  • Staying Permanently

If you’re looking to make an investment in Canada or to start/acquire a business in Canada, there may be several avenues for you to choose from. You can either apply under the federal start-up visa program or, if you know which province/territory in which you plan to reside, you can look at the different investor or entrepreneur options under the provincial business immigration programs.

  • Federal Start-Up Visa Program

If you plan to build an innovative business in Canada, the start-up visa program could be an option for you.

  • Quebec Business Immigration

If you’re planning on living in the province of Quebec as an investor or entrepreneur, there are several options under the Quebec business immigration programs.

  • PNP Business Immigration

Many other Canadian provinces have business immigration programs under their Provincial Nominee Programs.

Disclaimer

The information contained herein is intended as general introductory information only and is not legal advice. It should not be construed as legal advice and should not be relied upon as such. For information particular to your immigration situation, you should seek legal advice from an experienced immigration lawyer.

By |2018-03-11T21:03:18+00:00March 11th, 2018|Sobirovs Law Firm News|0 Comments

About the Author:

Sobirovs Law Firm
Sobirovs Law is a new generation law firm that merges the latest technology with traditional excellence in legal services. We focus on immigration law and business law practices and feel honored to serve Canada’s multinational community. Fluent in several languages, our lawyers truly reflect this community and make up a dedicated team of legal advisors who focus on delivering tailored solutions to each client’s legal matters. We have diverse client base: from investors and multinational corporations looking for business opportunities in Canada or relocating corporate management teams to Canada, to individuals hoping to settle in Canada. All our clients have one thing in common: they all work hard to succeed, and we share that passion with them. Whether it is a simple advice for an individual client or a complex international transaction for a business client, we provide cost-effective and pragmatic legal services that exceed client’s expectations. We believe that your success is our success. Because we care.

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