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Country Guide: Immigrating to Canada from Russia

Canada has seen a huge growth in business immigration in recent years. There are many options for business immigration to Canada if you are considering this country as a place to run your business. In this article, we have shared all the information about immigration to Canada through business, and how to get Canadian citizenship through investment.

This page will help citizens of Ukraine, Russia, Lithuania, Belarus, Azerbaijan, Uzbekistan, Kazakhstan, Poland, Estonia, Moldova, Armenia and other countries where Russian is spoken.

Business Immigration Options to Canada for Permanent Residence

Below are the business immigration programs used by business owners and entrepreneurs from other countries. Under each program, applicants can bring their family members, obtain permanent residence (PR) in Canada, and Canadian citizenship.

  • Intra Company Transfer (ICT)  – This program is ideal for entrepreneurs who already have a business and want to expand their operations in Canada. Under the ICT program, you will be able to transfer your company or team members to Canada. Citizens of other countries will receive a work permit, and after 1 year of work in Canada, they can apply for permanent residence.
  • Entrepreneur Work Permits  – this business immigration option is suitable for wealthy individuals, experienced entrepreneurs and investors from other countries. This program allows immigration to Canada through the purchase of a business or investment in an existing business. Entrepreneurs with this work permit have the opportunity to move to permanent residence in Canada after 1 year of running their business.
  • Provincial Nominee Programs (PNP)  – Canadian provinces also offer foreign entrepreneurs good opportunities to invest, work and permanently live in one of the provinces of Canada. There are various programs, but the most popular among businessmen from other countries are  the provincial programs  for entrepreneurs Ontario Entrepreneur Stream PNP and Alberta PNP.
  • Owner-Operator LMIA Program  – This program was historically very popular among entrepreneurs and investors from other countries, it was cancelled by the Canadian government in April 2021. Now investors and entrepreneurs use the regular route of immigration through the LMIA program. Although it is worth noting that some choose the more effective Entrepreneur Work Permit option, which gives the same results.

Canada Immigration Process: Advice from Immigration Process Professionals

Even for the most experienced businessmen, business immigration can be a complex process. We have compiled some tips on how to apply for a Canadian visa and succeed in business immigration:

Include Detailed Financial Documentation for Immigration to Canada

Visa application centre staff are very careful in assessing your financial capabilities. In order to increase your chances of success, you must provide evidence of sufficient funds to finance your business in Canada. You must provide evidence of liquid assets to support your Canadian business. You can demonstrate your financial capabilities through personal and business bank statements, savings account statements, stocks, etc.

In many cases, visa officers also want to see that business owners have some additional funds to cover operating or incidental expenses for at least the first year. For example, suppose you buy a business for $150,000. In this case, it is recommended that you provide evidence of at least $250,000. It is highly recommended that you provide evidence of personal and non-liquid assets when applying for business immigration.

Include Evidence of Relevant Experience

Another important aspect that visa officers carefully examine is whether entrepreneurs will be able to carry out the work they intend to do in Canada. Therefore, it is very important that investors and business owners from other countries provide sufficient evidence to prove their relevant education, management and industry experience. We suggest attaching letters of recommendation, proof of business ownership, certificates of additional training or courses you have completed and any other relevant documents that prove that you have the necessary skills and experience to carry out this new role in Canada.

Include Evidence of Costs Incurred

Many entrepreneurs and investors are generally reluctant to take the risk of investing a large amount of money without having a solid guarantee that their immigration application will be accepted. We understand. Who wants to invest in a business and then find out that they cannot come to Canada to run it?

However, to achieve a positive outcome in business immigration, entrepreneurs must demonstrate a commitment to executing a business plan. Unfortunately, registering a company and submitting a business plan may not convince an officer that you are sincere in your intentions to establish and operate a business in Canada. There must be evidence that you are risking your money and taking steps to implement your business plan.

For example, actions such as purchasing a business, entering into a commercial lease, hiring your first employee, purchasing equipment, etc. This will demonstrate to the visa officer a clear intent to carry out your business plan.

3 Top Industries Used in Business Immigration to Canada

Many successful entrepreneurs and companies are looking to Canada for new opportunities that are available to them through business immigration. Canada is home to leading companies in the transportation, information technology and trade sectors.

Information Technology

Software development and IT consulting companies are very successful and fruitful in this field in Canada. The IT sector is growing annually in Canada  and shows no signs of slowing down. Canada is very well positioned in the North American and global IT market due to its proximity and well-established economic relations with the United States. 

Trade

Trade relations between Canada and foreign countries are well developed. Canada has many international agreements with many countries, which is facilitated by well-established import and export routes.

Transport Service

The transportation industry in Canada is constantly expanding, largely due to its size and growing population. Many citizens of foreign countries have taken advantage of the business opportunities in this sector. Whether it is air travel, vehicle sales, or delivery of goods, the Government of Canada provides various types of assistance to improve the efficiency of the transportation industry.

Our Experience and Statistics for Small and Medium Businesses and Investors Coming to Canada

Based on our extensive experience in helping startups, investors, companies and entrepreneurs explore Canadian business immigration opportunities, we have found that:

  • Average Investment Budget: from a minimum investment of C$150,000 to C$300,000.
  • Average Approval Rate:  94%
  • Most Common Destinations:  Ontario, Alberta, and British Columbia
  • Average Review Time:  2-3 months

Types of Business

  • Franchise Business (Retail, Food & Professional Services)
  • Trade (cosmetics, jewelry, textiles, medical supplies, national food, etc.)
  • Food and tourism (restaurants and hotels)
  • Professional Services
  • IT services and consulting

Main reasons for refusal:

  • Insufficient funds
  • Potential business failure

Facts about Immigration to Canada

Political and economic relations between Canada and other countries began in the 1800s. The first wave  of immigrants in 1896-1914 was the most massive and became the foundation for the formation of the Canadian community. In Canada, most people speak English.

Canada has several popular immigration programs for international business immigrants, whether they are starting a business or just expanding. These federal programs and provincial programs allow you and your family to immigrate to Canada and obtain permanent residence. You may also be able to obtain Canadian citizenship in the future.

Canada has a very well- developed Russian-speaking society , which helps many immigrants easily assimilate in a new country and facilitate the move to Canada. It is worth noting that according to the International Trade Centre, Canada annually receives more than $2 billion in imports from countries where the Russian language is spoken and has exported more than $900 million. 

Canada is a great place to start your business, it is attractive to investors, business owners and entrepreneurs. Whether you are just starting out or have years of experience under your belt, we are confident that Canada can provide you with the foundation to launch your business.

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