Business visas, also known as business immigration programs, are designed to allow individuals to establish, invest in, or manage businesses in Canada. These programs are aimed at promoting economic growth, creating jobs for Canadians, and facilitating international trade and investment. Here are some of the key business immigration programs in Canada:
- Start-Up Visa Program:
- The Start-Up Visa Program is designed for entrepreneurs who want to establish a innovative business in Canada that will create jobs and contribute to the economy. To be eligible, applicants must have a qualifying business idea and secure the support of a designated organization (an angel investor group, venture capital fund, or business incubator) in Canada.
- Successful applicants receive a temporary work permit and, once their business is established, can apply for permanent residence.
- Self-Employed Persons Program:
- This program is for individuals who have relevant experience in cultural activities or athletics and who intend to be self-employed in Canada in those fields. Applicants must demonstrate that they have the experience and ability to make a significant contribution to Canadian culture or athletics.
- Successful applicants receive permanent residence.
- Investor Immigration Programs (Currently on Pause):
- Some provinces in Canada, such as Quebec, have investor immigration programs that allow individuals to invest a certain amount of money in the province in exchange for permanent residence. These programs typically require a significant financial investment.
- It’s important to note that the federal Investor Immigration Program was terminated in 2014 and has not been replaced as of my last knowledge update in September 2021.
- Intra-Company Transfers:
- If you work for a multinational company with offices in Canada and abroad, you may be eligible for an intra-company transfer work permit. This allows you to work in Canada temporarily while contributing to the Canadian operations of your company.
- Owner-Operator LMIA (Labour Market Impact Assessment):
- In this program, individuals who have the intention to purchase and actively manage a Canadian business may apply for a work permit. This pathway is often used by entrepreneurs who want to own and operate a business in Canada.
- After obtaining a work permit and operating the business for a period, individuals may become eligible to apply for permanent residence.
- Provincial Nominee Programs (PNPs):
- Many provinces and territories in Canada have their own business immigration streams within their Provincial Nominee Programs. These streams are tailored to the specific needs of each province and may require an investment in a local business or the creation of jobs.
- Successful nominees through a PNP typically receive a provincial nomination, which can lead to permanent residence.
The specific requirements, investment thresholds, and eligibility criteria for business immigration programs can vary depending on the program and the province or territory in which you intend to operate. Additionally, these programs are subject to change, so it’s essential to check the most up-to-date information on the official websites of Canadian immigration authorities or consult with an immigration lawyer or consultant for personalized guidance.