News for Businesspersons and Entrepreneurs in Canada

November 19, 2018 · 7:54 pmBlog
News for Businesspersons and Entrepreneurs in Canada

If you are a businessperson who has a net worth of at least $350,000 CAD and a partner who is a Canadian resident, you may be eligible for permanent residence in Canada.

We have a number of different programs for businesspersons throughout the country. For example, you can become an owner-operator in your own proposed business in one of the provinces and receive a work permit from the federal government. For this, you need to prepare a business plan which needs to be presented for approval, first before a particular province and then, before the federal government (Immigration, Refugees and Citizenship Canada) before the issuance of a Work Permit.

There is also an opportunity for a Start Up Visa in Canada where candidates are chosen by Canadian businesses. Some Canadian businesses are willing to accept new foreign talents who can bring new ideas to support the Canadian economy. These candidates may undergo 2 weeks of executive management at York University in Ontario and receive a certificate of completion, plus a letter of support from a business, which accepts the candidate for joining or opening a new business in Canada. Then, a candidate applies for a work permit or permanent residency to the federal government.

What immigration options exist for business owners and entrepreneurs?

Canada offers several pathways for entrepreneurs and business people who want to build or invest in a business and settle permanently. The right one depends on your business idea, net worth, and where you plan to operate.

ProgramRun byBest for
Start-up VisaFederal (IRCC)Innovative businesses with designated-organization support
Self-employed PersonsFederal (IRCC)Relevant cultural or athletic self-employment
PNP entrepreneur streamsProvinces + IRCCOwning/managing a business in a province

These are IRCC and provincial applications; Karb Law’s legal team assists with the full process. Request a free assessment to review which fits your plans.

FAQ

Frequently asked questions

How can an entrepreneur immigrate to Canada?

Options include the federal Start-up Visa for innovative businesses backed by a designated organization, the Self-employed Persons Program for certain cultural or athletic work, and provincial entrepreneur streams for those who will own and manage a business in a specific province.

Do I need to invest a set amount to qualify?

It depends on the program. The Start-up Visa has no personal investment threshold but requires designated-organization support, while several provincial entrepreneur streams set minimum net-worth and investment requirements that vary by province.

Official resources

External links are provided for general information only and are not legal advice.

Angelina Shuster — Licensed Paralegal, Karb Law
Written by

Angelina Shuster

Licensed Paralegal · Law Society of Ontario

Angelina Shuster is a paralegal licensed by the Law Society of Ontario with 25 years of experience in Canada. Based at Karb Law’s office in Richmond Hill, she represents clients across Ontario and in immigration matters throughout Canada, and has helped thousands of people with immigration and legal matters — refugee claims, appeals, admissibility and detention reviews before the Immigration and Refugee Board, and summary-conviction criminal matters.

More about Angelina & Karb Law →
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