Commercial immigration

Investment visa in Canada

One of the ways to obtain permanent residence in Canada is through investment immigration, which allows you to permanently reside in this country. The Canadian federal and provincial governments have prepared several programs through which you can choose to immigrate to invest in Canada. If you want to get Canadian residency through investment, or if you are looking to invest in economic projects, or if you are looking to start and expand your business in this country, these programs are available to you. Visit all of Canada

Through its business immigration, investment and entrepreneurship programs, Canada hopes to attract people who have significant potential to contribute to the Canadian economy, economic development and market promotion. These initiatives are designed to attract investors, business owners and independent contractors from outside Canada who have the necessary financial resources, in-depth industry knowledge and entrepreneurial abilities.

 

Benefits of investing in Canada

  • Making money:  low costs and high profitability are the demands of every investment. These two factors are realized in Canada.
  • Low risk:  From political stability to favorable banking and low corruption, Canada offers one of the most stable macroeconomic environments that is highly sought after by investors.
  • Easy process: Although starting and growing your own business can be difficult, investing in Canada is not as difficult as in other countries. Canada is one of the top 10 countries in the world in terms of ease of starting a business.

 

Disadvantages of investing in Canada

  • Canada's economy is closely related to that of the United States of America, as its largest trading partner. This means that Canada may not offer as much business diversity to foreign investors as other countries.
  • In case of investing in Canada by buying a business or setting up a business, the laws governing this matter in each Canadian province are somewhat different from each other. In some provinces, you must be a member, resident or citizen of Canada to set up your business.

 

Ways to invest in Canada

 

Investment through entrepreneurship

Canadian provinces select business groups in their provincial immigration plans. One of these organizations enables investors to start a company in a particular province.

 

Investment through self-employment

Both the federal and provincial governments of Quebec and Canada offer self-employment programs for those who want to work for themselves in the business, agricultural, sports and arts sectors.

 

Investing through the startup program

Entrepreneurs who have the ability to create a thriving business that can compete on a global scale and create employment are eligible for Canada's Startup Visa program.

 

Investment through business purchase or company registration

One of the ways to invest in Canada is to buy a business or register a company. Managers or business owners can use this strategy to acquire and expand an existing business in Canada, or by forming a corporation, they can start an entirely new company here. Launch After completing the processes and meeting the requirements of the program, applicants can apply for permanent residence in Canada and obtain a temporary work visa through an Owner Operator visa or an investment visa through intra-company ICT transfer.

 

Federal investment

This method is currently closed and it will not be possible to use this method until further notice.

 

The best way to invest in Canada

Your concern is probably which investment plan is superior to other strategies. The answer to this question is based on various variables. After you first answer a series of questions, the best approach will be suggested to you.

To decide on the best Canadian investment method, answer the following questions:

  • Do you have a productive business in Iran that generates income?
  • Do you plan to keep your business in Iran and go to Canada or close it and start a business in Canada?
  • Is your goal of investing in Canada only to obtain permanent residence?
  • Do you have a business idea that you intend to implement and want to earn money from in Canada?
  • Do you have children who will be covered by your investment plan?
  • Do you have the conditions to study in Canada?

The answers to these questions can be decisive in your choice.

 

Notable industries to invest in Canada

 

The largest technology businesses in the world are located in Canada, which constantly attracts talented people from all over the world. The biggest tech businesses in the world are also drawn to Canadian tech workers. It's easy for tech companies to make a profit because of Canada's commitment to fostering innovation, promoting talent development and lowering the cost of doing business in the sector.

  • 650 thousand job opportunities
  • Fields such as:  software development, artificial intelligence and cyber security
 

One of the world's top research and development facilities serves Canada's advanced manufacturing sector, spanning the fields of robotics, 3D printing and information and communication technology. Canada is a world leader in systems, artificial intelligence, sensor, machine vision and automation integration. It enables Industry 4.0 integration solutions in industrial operations.

  • 1.7 million production opportunities
  • Fields such as:  automotive, devices and equipment, chemicals

 

Canada accounts for about half of the world's general mining and exploration business. According to energy production, Canada is the sixth largest producer in the world. Canada is one of the best places to invest in this industry due to its wealth of natural resources, access to international markets and commitment to clean technologies.

  • More than 1.7 million job opportunities
  • Fields such as:  oil and gas, minerals and iron, forest industry
 

The entertainment and media sector in Canada is one of the most advanced and economic sectors in the world. Canada has a rich and storied history in the industry, from top-grossing video games to Hollywood blockbusters. One of the best places for investors to expand their business in the video game, visual effects and animation industries is Canada, which is a world leader in these industries.

  • 220 thousand job opportunities
  • Fields such as:   visual effects and animation, video games and film and television
 

Canada's agriculture and food sector benefits from abundant natural resources, including diverse habitats for plants and animals. Feed producers and millers in Canada benefit from competitive business costs, open export markets and advanced agricultural technologies.

  • 2.3 million job opportunities
  • Fields such as:  production of agricultural and livestock products, food and beverage processing
 

Canada is committed to transforming its economy into a low-pollution economy and is working with domestic and international stakeholders and governments to commercialize advanced clean technologies. Low R&D costs, knowledgeable workers, abundance of natural resources and encouragement for innovation have all made Canada attractive for the growth of the cleantech sector.

  • 183 thousand job opportunities
  • Fields such as:  production of agricultural and livestock products, food and beverage processing
 

Canadian life sciences and high quality health products are recognized around the world. Numerous specialists in various fields of life sciences can be found in Canada. Thanks to top-level academic institutions, extensive research networks, and affordable living standards, the country provides an innovative environment for life sciences careers.

  • 900 health and life science companies
  • Fields such as:  pharmaceuticals, medical technology and clinical trials

 

All Canadian business immigration programs

Many Canadian provinces offer corporate immigration programs as part of their PNP programs. Meanwhile, Quebec and the Canadian federal government also offer popular business programs.

 

 

Minimum amount of assets

does not have

Minimum investment amount

Investments are made by sponsoring organizations. If the investment is from venture capitals or incubators, the amount of investment is $200,000, and if it is from angel investors, the amount is $75,000.

Type of work history

 Work experience is required, but no specific job field is considered.

Management experience

 needs

EOI system

 does not have

business plan

 needs

Discovery trip

 Does not need

interview

Required if requested by Immigration Canada.

deposit

 Does not need

Result of the program: work permit/permanent residence

 permanent residency

More conditions

Having a letter of support from one of the sponsoring organizations

Proof of having sufficient financial ability to support the applicant and his family to live in Canada. The required capacity depends on the number of family members.

 
 

Minimum amount of assets

does not have

Minimum investment amount

Based on the business plan

Type of work history

At least 2 years of cultural or sports related work experience in the last 5 years

Management experience

 needs

EOI system

 does not have

business plan

 needs

Discovery trip

 Does not need

interview

Required if requested by Immigration Canada.

deposit

 Does not need

Result of the program: work permit/permanent residence

 permanent residency

More conditions

Having English or French language skills

Relevant work experience in occupations designated by the Government of Canada

Proof of having sufficient financial ability to support the applicant and his family for at least one year of living in Canada

Obtaining at least 35 points out of 100 points in the scoring system of this program based on 5 factors: education, age, work experience, language skills and adaptability.

 

This program has been suspended until April 1, 2023.

Minimum amount of assets

2 million Canadian dollars

Minimum investment amount One million and 200 thousand Canadian dollars
Type of work history

2 years of business management experience in fields such as agriculture, industry, commerce, during the last 5 years before submitting the file

Or

Management experience in a government or international organization on a full-time basis

Management experience

It is required, but it is not necessary to have an active management position at the time of application.

EOI system  does not have
business plan  needs
Discovery trip Recommended
interview

It may be required as part of the case review process.

deposit Does not need
Result of the program: work permit/permanent residence After obtaining the Quebec Certificate of Selection (CSQ), Canadian permanent residence is granted.
More conditions

medical experiments

Security Check (Background Check)

 

For entrepreneurs of the first group, the acceptance of new applications began on November 1, 2020 and continued until September 30, 2021.

For entrepreneurs of the second group, the possibility of sending applications is currently suspended.

Minimum amount of assets (for entrepreneurs of the second group)

900 thousand dollars

Owning/starting a business
(for entrepreneurs of the second group)

The entrepreneurial investor, alone or together with his wife, must own at least 25% of the shares of the company they are starting.

 Or

The entrepreneurial investor, alone or together with his spouse, must own at least 51% of the shares of the company they are buying.

Management experience

needs

EOI system

does not have

Business project

needs

Discovery trip

Recommended

interview

It is required as the last step in the case review process.

Minimum investment amount
(for entrepreneurs of the second group)

$300,000 for a business in the Montreal metropolitan area

$200,000 for businesses outside the Montreal metropolitan area

Result of the program: work permit/permanent residence

After obtaining the Quebec Certificate of Selection (CSQ), Canadian permanent residence is granted.

More conditions

Providing documents that show the applicant's sufficient financial ability.

At least a high school diploma is required.

Providing $200,000 as an advance payment to guarantee the performance of the work. If you meet the conditions of the program and start a business in Quebec, this amount is refundable (for entrepreneurs of the second group)

 
 
Minimum amount of assets 100 thousand Canadian dollars
Minimum investment amount Does not need
Type of work history

Having at least two years of self-employment experience in the profession or business you intend to pursue in Quebec.

Management experience needs
EOI system  does not have
business plan needs
Discovery trip Recommended
interview It may be required as part of the case review process.
deposit

Pay at least $50,000 to a local financial institution to start a business in the Montreal metropolitan area.

Pay a minimum of $25,000 at a local financial institution for a business outside of the Montreal metropolitan area.

Result of the program: work permit/permanent residence After obtaining the Quebec Certificate of Selection (CSQ), Canadian permanent residence is granted.
More conditions

Providing documents that show the applicant's sufficient financial ability.

At least a high school diploma is required.

 
 
Minimum amount of assets 500 thousand dollars
Minimum investment amount 500 thousand dollars for an agricultural business that operates in the field of plant cultivation, animal husbandry or fish breeding, etc.
Type of work history

Farm management experience in an existing agribusiness

Management experience needs
EOI system  does not have
business plan needs
Discovery trip Recommended
interview needs
deposit

does not have

Result of the program: work permit/permanent residence After receiving the provincial selection certificate, Canadian permanent residence is obtained.
More conditions A Canadian financial institution must finance a proposed agribusiness in Alberta.
 
 
Minimum amount of assets 600 thousand dollars
Minimum investment amount $200,000 or $400,000 if recommended by a key staff member
Type of work history

At least 3 years of business ownership or management experience 

Or

At least 4 years of senior management experience

Or

At least 1 year of business ownership and management experience, as well as at least 2 years of senior management experience in the last 10 years

Management experience needs
EOI system yes (province publishes information on previous draws)
business plan needs
Discovery trip Recommended
interview If requested by the province
deposit

does not have

Result of the program: work permit/permanent residence

First, get a work permit and work for 2 years in the province of British Columbia, then get a provincial selection certificate and finally apply for permanent residence in Canada.

Obtaining a permanent residence is conditional on the implementation and start-up of the desired business

More conditions Creating employment for at least one Canadian citizen or permanent resident
 
 
Minimum amount of assets 300 thousand dollars
Minimum investment amount 100 thousand dollars
Type of work history

At least 3 years of business ownership or management experience 

Or

At least 4 years of senior management experience

Or

At least 1 year of business ownership and management experience, as well as at least 2 years of senior management experience in the last 10 years

Management experience needs
EOI system yes (province publishes information on previous draws)
business plan needs
Discovery trip needs
interview If requested by the province
deposit

does not have

Result of the program: work permit/permanent residence

First, get a work permit and work for at least 12 months before choosing a province. Then get the provincial selection certificate and apply for permanent residence in Canada

Obtaining a permanent residence is conditional on the implementation and start-up of the desired business

More conditions

It is necessary to obtain an agreement from the local representative of the target area and the local representatives must refer the entrepreneurs to the BC PNP provincial selection program.

Entrepreneurs must create full-time, permanent employment for at least one Canadian citizen or permanent resident.

 
 
Minimum amount of assets 500 thousand dollars
Minimum investment amount

$250,000 for businesses located in central Manitoba

Or

$150,000 for businesses outside of central Manitoba

Type of work history

At least 3 years of business ownership experience and management experience or executive management experience in the last 5 years

Business owners score higher than senior managers.

Business owners must own at least 33.3% of the business to be eligible for points.

Management experience needs
EOI system has it
business plan needs
Discovery trip Before submitting the EOI, no more than one year has passed since you traveled to the area to research the business in question.
interview needs
deposit

does not have

Result of the program: work permit/permanent residence

Applicants first receive a work permit. After setting up a business in Manitoba, they are eligible for permanent residency.

Obtaining permanent residence is conditional on starting a business in the province.

More conditions

Investments must be made in eligible businesses.

Create employment for at least one Canadian citizen or permanent resident (employing business owners and/or creating employment for their close relatives does not fall into this category).

 
 
Minimum amount of assets 500 thousand dollars
Minimum investment amount $300,000 to set up a farm in rural Manitoba
Type of work history

At least 3 years of farm management experience or ownership of a farm and its operation experience, with verifiable documents.

Management experience needs
EOI system has it
business plan needs
Discovery trip needs
interview needs
deposit

$75,000

Result of the program: work permit/permanent residence

Applicants first receive a work permit. Eligible for permanent residence after setting up a qualifying business in Manitoba.

 

More conditions

It is not acceptable to invest in farms that are mainly aimed at earning passive income.
 
 
Minimum amount of assets 500 thousand dollars
Minimum investment amount 150 thousand dollars
Type of work history

Having at least 3 years of experience of owning a business in the last 5 years

Or

Having at least 5 years of senior management experience in a business in the last 5 years

Management experience needs
EOI system has it
business plan It needs and should have economic benefits for the province.
Discovery trip needs
interview needs
deposit

$100,000

Result of the program: work permit/permanent residence

Application for permanent residence after receiving provincial selection certificate

More conditions

Age limit between 22 and 55 years

Providing a CLB5 English or French language score in all four language skills

Having at least 2 years of full-time university education

 
 
Minimum amount of assets does not have
Minimum investment amount The applicant must own 100% of the shares of an eligible business.
Type of work history

At least 6 years of work experience in jobs with knock code 0, A or B in the last 10 years

Or

1 to 5 years of work experience in jobs with knock code 0, A or B in the last 10 years

Management experience needs
EOI system has it
business plan May be required (the business plan must be of economic benefit to the province)
Discovery trip no need
interview needs
deposit

does not have

Result of the program: work permit/permanent residence

Permanent residence after receiving the provincial selection certificate

More conditions

Age limit between 22 and 40 years

Providing a CLB7 English or French language score in all four language skills

At least 2 years of full-time university education at an accredited New Brunswick university or community college

Having a valid Post Study Work Permit (PGWP).

 
 
Minimum amount of assets 600 thousand dollars
Minimum investment amount 150 thousand dollars
Type of work history

At least 3 years of experience of owning a business and having a share of at least 33.3% of it in the last 10 years

Or

More than 5 years of work experience as a senior manager in the last 10 years

Management experience needs
EOI system yes (province publishes information on previous draws)
business plan needs
Discovery trip It is necessary in case of business purchase.
interview needs
deposit

does not have

Result of the program: work permit/permanent residence

First, get a work permit and start a business for at least one year. Then get the provincial selection certificate and apply for permanent residence in Canada

Obtaining permanent residence is subject to meeting the requirements of the program.

More conditions

Submit your "Expression of Interest" (EOI) profile.

A minimum grade of CLB 5 in English or French

 
 
Minimum amount of assets does not have
Minimum investment amount The applicant must own 100% of the shares of an eligible business.
Type of work history

One consecutive year of business ownership history in Nova Scotia prior to submitting an "Expression of Interest EOI" profile

Management experience needs
EOI system has it
business plan needs
Discovery trip needs
interview needs
deposit

does not have

Result of the program: work permit/permanent residence

Permanent residence after receiving the provincial selection certificate

More conditions

At least 2 years of study at an accredited university or college in Nova Scotia

A minimum grade of CLB7 in English or French

Having a valid work permit at the time of submitting the EOI profile

 
 
Minimum amount of assets

To invest in businesses located in the Greater Toronto Area (GTA): $800,000

For investments in businesses located outside the Greater Toronto Area (GTA): $400,000

For businesses related to digital communication or information and communication technology (regardless of location): $400,000

Minimum investment amount

In Greater Toronto (GTA): $600,000 and owning 33.3% of the business in question

Outside Greater Toronto (GTA): $200,000 and owning 33.3% of the business in question

The field of digital communication or information and communication technology: $200,000 and having the right to own 33.3% of the business in question

Type of work history

At least 24 months of full-time work experience within the last 5 years as a business owner or senior manager

Management experience needs
EOI system yes (province publishes information on previous draws)
business plan needs
Discovery trip It is necessary in case of business purchase.
interview It is necessary if requested by the province.
deposit

does not have

Result of the program: work permit/permanent residence

First, get a work permit, then apply for permanent residence

More conditions

Signing an executive agreement with the province of Ontario

A minimum grade of CLB4 in English or French

Creation of at least 2 permanent full-time jobs for Canadian citizens or permanent residents

 

This program has ended.

Minimum amount of assets

does not have

Minimum investment amount

5 million dollars

Or

$10 million if the proposed business is related to land development or a rental company.

Type of work history At the time of applying for this program, at least 36 months must have passed since the establishment of the international company.
Management experience needs
EOI system does not have
business plan needs
Discovery trip Recommended.
interview needs
deposit does not have
Result of the program: work permit/permanent residence

The main applicant and key employees of the company first get a work permit or a temporary work visa, after going through some steps, they must apply for permanent residence.

Obtaining permanent residence is subject to compliance with the requirements of the program.

More conditions

For each key employee application, 5 new jobs must be created for Canadian citizens or permanent residents.

 
 
Minimum amount of assets

For businesses located in Yellowknife: $500,000

For businesses outside the Yellowknife area: $250,000

Minimum investment amount

In the Yellowknife area: $300,000 and owning at least 33.3% of the business in question

Or

Outside the Yellowknife area: $150,000 and owning at least 33.3% of the business in question

Or

A million dollar investment

Type of work history Work experience related to the desired business is required.
Management experience needs
EOI system does not have
business plan needs
Discovery trip needs
interview needs
deposit 75 thousand dollars
Result of the program: work permit/permanent residence

First, get a two-year work permit

After going through steps, applying for permanent residence. Obtaining permanent residence is subject to meeting the requirements of the program.

More conditions

CLB4 score in English or French

The proposed business must have significant benefits for the North West region, including job creation for local residents

 
 
Minimum amount of assets 600 thousand dollars
Minimum investment amount 150 thousand dollars
Type of work history Management experience
Management experience needs
EOI system has it
business plan needs
Discovery trip Recommended
interview needs
deposit If the application is rejected or canceled, $7,500 of the $10,000 application fee will be refunded.
Result of the program: work permit/permanent residence

First, a temporary work permit is obtained. To apply for a work permit, you must get a letter of support from the province.

After fulfilling all the terms and clauses of the executive agreement with the province, you will receive a provincial selection certificate.

More conditions

Having at least a diploma

CLB4 score in English or French

Age limit between 21-59 years

 
 
Minimum amount of assets 500 thousand dollars
Minimum investment amount does not have
Type of work history A history of owning and operating a farm using agricultural practices similar to those used in Saskatchewan ranching.
Management experience needs
EOI system does not have
business plan Farm Establishment Plan is required.
Discovery trip needs
interview It is required if requested by the province
deposit $75,000
Result of the program: work permit/permanent residence Obtaining permanent residence after obtaining the provincial selection certificate
More conditions

Sending the farm establishment plan

Signing an executive agreement with the province

 
 
Minimum amount of assets 500 thousand dollars (including 300 thousand dollars of cash assets)
Minimum investment amount $300,000 and having at least 1/3 ownership of a business in which you are a partner with a Canadian citizen or permanent resident.
Type of work history At least 3 years of entrepreneurial/business management experience and at least 5 years of related work experience
Management experience needs
EOI system has it
business plan needs
Discovery trip Recommended. Applicants get points for previous visits.
interview needs
deposit does not have
Result of the program: work permit/permanent residence

First, get a 2-year work visa

Obtaining permanent residence is subject to meeting the requirements of the program.

More conditions

The business in question must be in a strategic area, as defined by the region.

You must score above 65 in the evaluation network.

 

Obtaining permanent residence in Canada after investment

Depending on your investment method, whether federal or provincial, the procedures for obtaining permanent residence in Canada are different.

 

Obtaining Canadian permanent residence in the federal investment method

There are two options: getting a temporary work visa or getting permanent residence directly.

You can get PR or Canadian permanent residency directly through some government investment programs, such as startups and self-employment, but in other cases, such as when you buy or register a company as an owner. - You create an operator or ICT. programs, you must first obtain a work visa. Receive.

After entering Canada, establishing or developing your business and receiving a work permit, you can apply for permanent residence in Canada using the Express Entry system and one of its subcategories such as Federal Skilled Worker FSW or Canadian Experience CEC.

 

Obtaining permanent residence in Canada in the provincial investment method

There are two options: getting a temporary work visa or getting permanent residence directly.

If you receive a work permit and enter Canada, the entrepreneurship programs of some provinces require you to establish your desired business there within a certain period of time, sign an executive agreement with the province, and if you agree to the terms If you adhere to the letter, send it. Apply for provincial selection, get a provincial selection certificate from the desired province and finally. After reaching this stage, you can apply for Canadian permanent residence in the same province.

If you receive a work permit through provincial entrepreneurship programs, you are required to start a business after entering Canada and your business must be active.

Canadian startup visa

Entrepreneurs who want to launch their creative ideas in Canada can apply for a startup visa. After receiving letters of support from recognized organizations, these business people send an immigration application for themselves and all their family members to Canada. These creative people work with the Canadian private sector to create multinational companies.

 

How about immigrating to Canada through a startup?

With Canada's startup visa, the country aims to attract business people with the potential to launch cutting-edge organizations and create jobs. The Canadian startup visa was introduced to increase the attractiveness of Canada for entrepreneurs, and Canada has a very clear vision for the future of this visa.

The vision of Canada's startup visa is to build a platform like Silicon Valley in America, where the best of the world can go to Canada. 

 

Innovative idea is a necessary but not sufficient condition

Do you have a fantastic and original idea? Does your concept have the potential for rapid development? Now is the time to secure an organization approved by the Canadian government and convince them to invest in your project. Did you receive the support letter successfully? Now you also need to convince Immigration Canada that you want to set up a business. A startup visa is granted to you and your family at the end of your stay in Canada.

 

Get to know the seven features of the Canadian startup visa

Step 1: Prepare your idea or business as the first step. But not every effort requires a novel idea that is technology-based and applicable to everyone. Create a business plan and identify the ideal charity to help.

Step Two: Let's be optimistic in the second step. You succeeded in the first step, reading Haft Khani alone, because your presentation went well. Now that you and the sponsoring group have reached an agreement, you will receive the sponsorship letter. The sponsoring organization, at the same time as providing the letter of support, delivers the letter of commitment to the Canadian Immigration Department.

The third step: the letter of support is in hand. As a result, now is the time to work with Immigration Canada. Collect your documents and apply for residence permit and work permit (for those who are absolutely necessary).

Step 4: Normally, you will hear about your work visa application shortly. Do you want to know how many months? Your answer is between three and six months. Remember that your project for permanent residence is ongoing at the same time. Therefore, the Immigration Department is still responsible for you.

Step 5 and 6: Here are the leaders of the other groups I've mentioned below in this article in case the Immigration Department decides to investigate your initiative. One of these groups begins to collect data during the peer review phase. The sponsoring organization and the immigration office are contacted to obtain information, and the immigration office is informed of the research findings.

Step Seven: Congratulations! You can now apply for a permanent address. You are no longer responsible for the progress of the project.

 

Important definitions in startup immigration program

 

Support letter in the Letter of Support startup program

For the Canadian Startup Program, applying for letters of support from accredited investors is the first step. A well-known Canadian organization is writing to you to express their interest in supporting your idea or initiative, as well as their own support for you. You will receive a support letter because you are the project manager.

These aid organizations simultaneously send a letter to Immigration Canada. You can read more about this letter.

The work and permanent residence visa application file must include a supporting letter that must be sent to the Immigration Department.

 

Commitment certificate in Canada's startup program Commitment certificate

The business that sent your letter of support will simultaneously send a letter to the immigration office containing information about the group members and the intended route. Therefore, the agreement between the applicant and the investor organization is described in the certificate.

 

What do key and non-key members mean in a startup?

Members who are integral to the startup project are known as key members or essential requesters. Consider a conceptual case for a mobile application. In this scenario, the person who is responsible for the development of the software or the idea will undoubtedly be one of the most important members of the group and the development of the idea will be impossible without him. Other people subject to the letter of commitment will also be dismissed if the case of the key members is rejected for any reason.

People who are not essential to the success of the open project are considered unnecessary participants. Consider that the project marketing manager was probably an unnecessary addition to the group in the previous case. If he is not part of the group, the development of the concept may not be significantly hampered.

If one important member of the group is rejected for any reason, all members will be rejected and the case will be closed. Even if a key member's dependent, such as a key member's child or spouse, is rejected, the entire group's case will still be rejected.

Canada Startup Visa Work Permit

You can work as an entrepreneur in the development of your company with the Canada Startup Visa work permit. You can work in Canada with this one-year work visa while your application for permanent residence is being processed. Most of the permanent residence applications are processed in this 12-month period. In any case, this license may be extended.

In this article, we discuss the conditions and application process for this temporary work permit. Only people are eligible to receive letter of commitment and letter of support from the mentioned organizations. If you qualify for this permit, you must first submit an application for permanent residence.

 

How does Canada review the work practices of advocacy organizations?

It is a good question that all applicants should know the answer to. Through Peer Review 

What is Peer Review?  Controlling  the quality of the work of investor organizations by the secret police

Who is the secret police?  The NACO organization, which is responsible for controlling the work of angel groups, and the CVCA organization, which is responsible for controlling the activities of venture capitals, are the secret police of startups.

Immigration Canada is committed to preventing fraud. The role of  Peer Review  is precisely to make sure that the transaction between the investor and the idea investor is legal.

Peer Review Peer review can sometimes be due to the officers doubting the relationship between the investor and the entrepreneur, or sometimes they are done randomly. 

The officers provide the commitment letter to the responsible Peer Review organizations to inform the parties of the agreement. In order for these groups to perform their quality control tasks, the investor organizations must also deliver the package agreed with the investor.

All these measures are done in order to ensure that proper checks are carried out at the time of issuing the letter of support. What do we really mean when we say investors, angel investors, and incubators should read a proposal before writing a letter of support?

  • What was the amount of review done by the organizations that issued the letter of support?
  • What were the obligations between the applicant and the organization that issued the letter of support?
  • Ensuring that the startup is registered in Canada.
  • Ensuring that the stock structure is followed.
  • Ensuring that the startup's focus is on ideas with the potential for rapid growth.
  • Ensuring that the startup has participated in the incubator programs (in regards to the support letter of the incubators).
  • Ensuring that the startup's management team has protected the intellectual property of the business.

 

The immigration status of family members of the startup applicant

All family members of the applicant can apply for accompanying visa. This law includes spouses and children under the age of 22. 

 

Accompanying visa at the time of work permit

An applicant can submit a work visa application if his name is on the list of important business partners. His wife will be eligible to apply for a freelance work visa at the same time. The spouse of the Canadian startup applicant is free to work in Canada with this visa.

The benefit of paying Canadian fees for education also goes to the children of Canadian startup candidates.

 

Accompanying visa for permanent residence in Canada

Naturally, he submits his application for permanent residence in Canada along with his wife and children. All members of the applicant's family, including spouses and children under the age of 22, can submit an application for permanent residence in Canada.

 

Should a startup be launched after migration?

Every startup has risks. Startups are built to take risks. Not all startups are expected to succeed in Canada. Of course, some may succeed while others may not.

But the intention of the applicant to start this idea before applying for residence is very important and the company should be started after receiving the work visa.

The success of the startup will be reviewed by the Immigration Department while you are in Canada on a work visa. If they come to the opinion that the start-up was established only to obtain permanent residence, the issue of permanent residence will be jeopardized.

How much chance do I have with limited capacity and high demand?

Yes it's true. The Canadian startup visa has a relatively small capacity. According to the statute approved in 2012, this capacity will not exceed 2750 cases per year. The total applicant capacity for the startup program and the self-employment program in 2020 was 2000, which will decrease to 1000 in 2021.

Yes, there are only 1000 for the two immigration programs. Therefore, there is very little capacity.

Many candidates, immigration firms and lawyers saw this program as a suitable alternative to the federal investment immigration programs after the Quebec investment program was closed and limited. But it's important to remember that Canada's startup program has very few resources.

Therefore, we recommend that you act very well and thoughtfully when you act. Choose the right ideas and consult only and only reliable lawyers.

Considering the large volume of applications, Canada's strictness on the startup visa will definitely increase.

Canadian visa through ICT company registration

Canadian ICT visa is one of the ways to immigrate to Canada. Intra-company transfer is known as ICT. One of the subsets of Canada's IMP international relocation program is this immigration process.

International companies that have parent companies, branches, subsidiaries or affiliates in Canada are eligible to use the Canadian ICT visa, also known as an inter-company transfer, to transfer their key employees outside of Canada.

A Canada intra-company transfer visa may be the best option for you to immigrate to Canada if you hold a critical position in a multinational company.

 

What is ICT Canada visa?

International businesses with an office in Canada that are based outside of Canada are eligible for an ICT visa, which is a type of temporary work visa for Canadian citizens. These companies transfer some of their senior and knowledgeable employees to the Canadian company to expand their business or move their business to Canada.

Who can apply? Any foreign business that can demonstrate that bringing workers to Canada will improve the quality of their services to Canadians. As a result, the interests of Canadians are at stake. Yes, helping this business ultimately helps improve the quality of life and financial success of Canadians.

The Canada ICT Intra-Company Transfer Work Visa requires a job offer but is exempt from the Canadian Market Impact Assessment Permit or LMIA Permit.

 

Benefits of using the ICT program

  • Obtaining an ICT work visa without the need for an LMIA permit
  • Shortening the application process for ICT visa
  • Shortening the ICT work visa issuance process using the Global Skills Strategy program
  • The possibility of accompanying family members with ICT work visa holders
  • No need for high language skills
  • The possibility of converting a Canadian intra-company transfer visa to a Canadian permanent residence

 

Introduction of ICT work visa types

As we explained in the section related to ICT work visa requirements, we will have three different types of ICT work visas based on the three categories of applicants for the Canadian intra-company transfer program. If you have this type of visa, you will be allowed to immigrate to Canada through the ICT program.

The three types of temporary resident visas are all issued by Canada and follow the same procedure:

  • Work visa for executives

People who are responsible for managing a company or managing an important or subsidiary part of a company can apply for this type of visa. Higher level managers, board of directors or company shareholders have full control over these managers.

  • Work visa for senior managers

Individuals who are responsible for managing a business, a department or a department within it and are responsible for supervising the work of other managers and supervisors are eligible to apply for this type of visa.

  • Work visa for specialists

People who are employed, if they have specialized knowledge of the company's goods or services, as well as specialized knowledge of the host company's goods or services and their use in foreign markets, can apply for this type of visa.

 

Apply for Canada intra-company transfer visa

If you have all the required conditions for an ICT work visa and also provide all the necessary documents, you can apply for this type of visa and do the following steps:

  1. Log in to the Canadian Immigration website  .
  2. Select the following options to apply for a work permit:
    Work –> Get a work permit –> Temporary workers –> Apply for a work permit
  3. Create an account and answer the questions of the online application (choose Intra Company Transfer among the types of work permits).
  4. Download the necessary forms from within the application and fill and sign them.
  5. Sort the required documents and upload them in the relevant sections of the application.
  6. Pay the application fee and the fingerprinting fee.
  7. Make an appointment for fingerprinting from the Canadian Embassy in one of Iran's neighboring countries and do it on the specified date.
  8. After receiving the ICT work visa, pick up your passport to insert the visa label in it.

 

 

How long is the ICT application review period?

The duration of companies' application for ICT visa is on average between  2 and 10 weeks  . Of course, this period of time varies depending on the conditions and busyness of the Canadian Immigration Department.

What is the duration of the work permit with the ICT Intercompany Transfer Program?

Canada ICT program work visa is valid for one year. It is possible to renew the visa at the end of the first year and naturally at the end of each subsequent year.

You must prove to the immigration officer that you have been looking to start a business and that you have made the best use of your work visa in the first year of your stay in order to be granted a visa extension.

 

Canada ICT visa extension

In order to extend the validity of the ICT visa, your company must provide documents to show that:

  • The relationship between the Canadian office (or Canadian company) and the home company is still valid.
  • The Canadian office has been active in providing goods and services for the past one year.
  • The Canadian office has secured the staff it needs.

 

Startup companies in Canada's ICT program

Canada has made it possible for companies outside of Canada to launch and establish a Canadian start-up company through the intra-company transfer program or ICT.

 

What is a startup company?

A startup is a company that has been operating in Canada for less than a year. Unlike other Canadian businesses participating in the ICT program, startup businesses do not need to be "actively doing business" because they have only been in business for a short time and have founders, CEOs, senior managers or knowledgeable employees. are. Get a unique ICT work visa, then start your company and operate it once in Canada.

Before applying to relocate business owners, managers and professional personnel to Canada, the start-up company must be organized and structured. Because receiving a job offer from a Canadian employer is a requirement for an ICT work visa application. For this reason, the business must be registered in Canada and have a CRA business number.

 

Conversion of intra-company transfer visa to Canadian permanent residence

There is no guarantee that a work visa obtained through ICT will lead to Canadian permanent residence. You need an appropriate pathway that will lead you to permanent residence in Canada after obtaining an ICT work visa and accumulating at least one year of work experience in Canada:

 

One of the subgroups of Express Entry

As an old saying goes: All roads lead to Rome.  But what is RAM here? Express Entry.

The road ahead almost certainly includes Express Entry. Keep in mind that whenever Canadian skilled visas are discussed, Express Entry is mentioned. Considering that you will have one year of Canadian experience at the end of your first year in this country, the CEC Canadian Experience subcategory is the optimal subcategory for Express Entry.

How is the path of permanent residency paved with one year of work experience in the ICT program?
Three small adjustments cover everything. Of course, it is better to point out that the points have improved rather than changed. After the first year of the work visa expires, three major changes will help facilitate the requirements for obtaining permanent residence.

  • The first improvement Obtaining additional points in the Express Entry system:
    Without work experience in Canada, you will not receive any points in the work section for the Canadian Experience Program of the Express Entry subgroup. Having one year of Canadian work experience will get 35 points for the main applicant, and if you have 2 years of work experience in Canada, this point will increase to 46.
  • The second improvement Participating in the Canadian Experience Immigrant Program instead of participating in the federal Skilled Worker Program:
  • The third improvement Improving English: There is no guarantee, but it is likely that your presence in Canada will improve your English and as a result, you will get a higher score in the Express Entry system. Usually, our presence in Canada is the depth of language disaster! informs and leads to more seriousness in strengthening it.
Canada entrepreneurship visa

To be eligible for a Canadian Entrepreneur Visa and permanent residence in Canada, you must start a company, undertake a new business initiative, or purchase an existing business in one of the Canadian provinces.

Every year, a large number of immigrants are drawn to Canadian provinces with their diverse entrepreneurial programs. Provincial entrepreneurship programs, which are part of the PNP or provincial immigration programs, are considered an investment strategy in Canada.

 

Benefits of the Canadian Entrepreneur Visa

  • Business development in an active economic environment:  Canada is one of the countries that has a strong and growing economy, so entrepreneurship in this country will help your business develop and grow. 
  • Simplicity of provincial and federal laws for starting a business: Compared to other countries, especially the United States, Canada has easier regulations for registering and establishing a business. By fulfilling the requirements, business owners from any country can expand their existing activities or start new activities in this country.
  • Canadian government support for innovative initiatives: Canada values ​​innovative company strategies or plans that strengthen its economy and encourage growth, and encourages entrepreneurs in a variety of ways, including by offering interest-free loans.
  • Obtaining Canadian permanent residence for family members:  Another advantage of being an entrepreneur in Canada is that you can obtain Canadian permanent residence for yourself and your spouse and children.
  • No need for high language skills:  most entrepreneurship programs in Canadian provinces require an IELTS General score of 4 or 5, and some of them do not require a language score to receive an entrepreneurial visa.
 

Disadvantages of Canadian Entrepreneurship Visa

  • Lack of manpower: Canada is one of the countries that has a shortage of workers in several of its provinces. As a result, it tries to compensate for this labor shortage by recruiting employees from other countries. Because of this, if you want to start a business in this country, you may not be able to find enough qualified employees to do so.
  • Canada's dependence on the American economy:  Canada and the United States have a close economic and trade relationship. Apart from the benefits of this, any American economic recession will directly affect the Canadian economy and labor market.
  • Cold weather and its impact on business: Many Canadian provinces associate winter with cold and snowy conditions. Some industries such as construction may be affected by this problem and activity in this sector may be delayed for some time.

 

Entrepreneurship programs in Canada

In this section, we introduce the types of Canadian business and entrepreneurship plans:

 

Quebec investment program

Note:  This program has been suspended until April 1, 2023.

The Quebec Immigrant Investor Program   is passive in nature; This means that investors who are selected under this program do not need to create or actively manage a business in this province.

Requirements for the Quebec Investment Program)

  • $2,000,000 worth of assets obtained through legal means.
  • Providing $1,200,000 in a government-guaranteed passive investment for 5 years interest-free
  • Two years of management experience or business experience in the last 5 years
  • Intention to live in Quebec province

Successful applicants are issued a Certificate of Québécois Québécois (CSQ), which allows them to obtain Canadian permanent residency after passing medical tests and background checks.

 

Quebec Entrepreneurship Program

The goal of the  Quebec Immigrant Entrepreneur Program is to attract entrepreneurs who have the necessary skills and experience to start a business in this province. The applicants of this program are placed in two groups and the application conditions are different in each group:

  • Group I:  This group includes the management of a business in Quebec that the applicant has established alone or with other partners (only three of whom can be foreign nationals). Also, the business in question is supported by a business accelerator, business growth center or an academic entrepreneurship center.
  • Second group:  In order to act in this subgroup, the entrepreneur must own at least 25% of the shares of a new company or at least 51% of the shares of a purchased company, the value of which must be equal to or higher than the funds needed to start the business project. be
Note:  For entrepreneurs of the second group, the possibility of sending applications is currently suspended.
 

(Requirements for the Quebec Entrepreneurship Program)

  • Net worth $900,000. The applicant must prove that he has legally earned this amount alone or with his spouse (second group).
  • Entrepreneurs of both groups must present their business project in the form of a business plan.
  • Entrepreneurs of both groups must obtain the program's quorum points, which are measured according to factors such as age, education, language skills, residence in the province of Quebec or having family in this province, and financial independence.
  • Quebec Self-Employed Program

 

Quebec self-employment program

For the  Quebec Self-Employed Program  , conditions are necessary that distinguish it from the Skilled Worker Program of this province.

(Requirements for the Quebec Self-Employment Program)

  • Net worth $100,000
  • Two years of executive experience in the profession you intend to pursue in Quebec.
  • Provide a start-up deposit of at least $50,000 for a business to be set up in the Montreal metropolitan area or provide a minimum of $25,000 for a business outside of the Montreal metropolitan area.
  • Sufficient financial ability to live for yourself and your family in Quebec
  • Obtaining sufficient points in the evaluated factors
 

British Columbia has three business programs:

  • The main entrepreneurship program BC PNP Entrepreneur Immigration Program 
  • Entrepreneurship program - regional pilot BC Entrepreneur Immigration Program – Regional Pilot
  • Entrepreneurship program - strategic projects BC Entrepreneur Immigration Program - Strategic Projects

 

  • British Columbia's premier entrepreneurship program

This program is currently closed.

With its strategic location, relatively low tax costs, competitive operating costs and an educated, skilled and effective multicultural workforce, British Columbia is one of Canada's most dynamic locations to start a business, providing unique business opportunities for entrepreneurs.

If you are successful in this program, you will receive a temporary work visa. After entering Canada, you must set up your business and fulfill the obligations of your executive agreement with the province. Finally, by receiving the provincial selection certificate, you will be eligible for permanent residence in Canada.

  • British Columbia Entrepreneurship Program - Regional Pilot

The program was launched in 2019 as a two-year pilot program, but has now been extended to 2024.

The British Columbia Regional Entrepreneurship Pilot Program is designed to attract entrepreneurs to rural British Columbia. This program is only for entrepreneurs who want to start a new business. If you wish to purchase an existing business, you must apply through BC's main entrepreneurship program.

  • British Columbia Entrepreneurship Program - Strategic Projects

This program is for foreign companies who intend to start or expand their business in British Columbia through this program. Up to 5 key managerial, specialized or technical employees of the company can apply for permanent residence in Canada through this program.

 

 

Ontario Entrepreneurship Program

Ontario Immigrant Nominee Program  - Entrepreneur Stream  is for entrepreneurs who plan to start a business in this province or buy an existing business. 

If you are successful in this program, you will first receive a temporary work visa, and after entering Canada, you must set up your business and fulfill the obligations of the agreement according to the executive agreement with the province. If selected from the provincial side, you can apply for permanent residence in Canada.

  • Ontario Provincial Immigration Program - Group of Companies

Note: This program has been closed.

The Ontario  Immigrant Nominee Program - Corporate Stream  is for reputable international companies that plan to expand their business in Ontario or purchase a business in this province. 

If such a company is established in Ontario and complies with all the rules of the program, the five principal members of the company who are essential to the establishment, operation and success of the business may be nominated by the Government of Ontario for permanent residency. After receiving the provincial selection certificate, original members can apply for Canadian permanent residence.

 

The province of Alberta has 4 business programs:

  • Alberta Graduate Entrepreneurship Program
  • Entrepreneurship program for foreign graduates
  • Alberta Agriculture Program
  • Entrepreneurship program in rural areas

 

  • Alberta Graduate Entrepreneurship Program

The goal of the Alberta Graduate Entrepreneur Stream program   is to attract students who have graduated from an Alberta educational institution at the higher levels of high school and intend to establish and operate a business in the province of Alberta.

While the applicants have a valid work permit, after the approval of their application, they must first establish or set up their business and submit a performance report to the province of Alberta after a period of time has passed. If they fulfill the obligations of the provincial agreement, they will probably receive a provincial selection certificate and obtain the necessary permission to apply for permanent residence in Canada.

  • Entrepreneurship program for foreign graduates

The Foreign Graduate Entrepreneur Stream program   is for applicants who have graduated from universities outside of Canada and intend to establish and operate startup companies and innovative businesses in this province.

This program requires you to work with and obtain a letter of recommendation from one of the designated Alberta government agencies.

This program is based on a rating system and you receive points based on factors such as age, education, language score, work experience and investment amount. Applicants who get more points are invited to apply.

  • Agricultural program

The Farm Stream program   is designed to attract farm owners or operators to purchase and manage a farm in the province of Alberta. This program requires you to have farm management skills and the financial ability to invest in agriculture in Alberta. If you receive a provincial selection certificate, you can apply for permanent residence in Canada.

  • Entrepreneurship program in rural areas

The Rural Entrepreneur Stream program   is for applicants who intend to establish a business in Alberta's rural communities. This program requires you to connect with and make a field trip to a participating community or communities in Alberta. In case of support from any society or community, get a letter of support from them and you can send your request for expression of interest (EOI) to the province.

 
 

Saskatchewan Entrepreneurship Program

The goal of the SINP Entrepreneur Category program is to attract skilled entrepreneurs to Saskatchewan. Applicants must have experience running their own company or managing a company in the last ten years.

Successful entrepreneurs are initially granted a temporary work visa to enter Canada, and after establishing their company for six months, they can apply for provincial selection. They can apply for permanent residence if they choose the province.

  • Saskatchewan Farmers Program 

The Saskatchewan SINP Farm Owner/Operator Category program is designed to attract candidates who have a history of owning and operating a farm, sufficient experience in the agricultural industry, and sufficient money to invest in the industry.

Candidates of this category must visit the province and evaluate its business environment before submitting their proposal to the province. The candidate will meet with the SINP representative during this visit, which should last at least 5 working days.

  • Saskatchewan Foreign Graduate Entrepreneurship Program          

The International Graduate Entrepreneur Category program  is open to candidates who have completed at least two years of post-secondary education in Saskatchewan and want to start a legitimate business here.

The applicant must have at least one-third of the shares in the desired company and be at least 21 years old.

 

 

Manitoba Business Investment Program 

The Manitoba Business Investor Stream program   is designed for international investors and entrepreneurs. Applicants first receive a temporary work visa and after entering Canada, they must start or purchase a business within 2 years.

This program has two migration paths: entrepreneurship path and farm investment path.

  • Manitoba Entrepreneurship Pathway

For business owners who want to start and run a company in the province of Manitoba, there is the Manitoba Business Investor Stream - Entrepreneur Pathway. Before entering Canada, candidates are given a temporary work permit, after which they can set up their desired business.

When their business meets the conditions of the executive agreement with the province, they will receive a provincial selection certificate and at this stage they can apply for permanent residence in Canada. Preference will be given to entrepreneurs starting their business outside of the Winnipeg area.

  • The way to invest in the farm

The Manitoba Business Investor Stream – Farm Investor Pathway program   is for applicants who want to open and operate a farm in rural Manitoba. Applicants first get a temporary work visa and after setting up their own business and complying with the requirements of the provincial executive agreement, they are selected to obtain permanent residence in Canada.

 

 

New Brunswick Entrepreneurship Program 

The New Brunswick PNP Entrepreneur Stream program is designed for entrepreneurs or senior business executives who wish to start a new business in the province of New Brunswick or acquire an existing business and actively manage it. Businesses should benefit the province.

If successful entrepreneurs are granted a provincial selection certificate, they can apply for permanent residence in Canada.

          

  • New Brunswick Graduate Entrepreneurship Program          

Candidates for the New Brunswick PNP Post Graduate Entrepreneur Stream must have completed at least two years of study at a New Brunswick university or institution prior to graduation. Applicants who meet the necessary conditions must start a company in the province that will strengthen its economy.

Applicants will be given a certificate of selection for permanent residence in Canada if they meet the terms of the executive agreement with the province.

 

 

Prince Edward Island Business Impact Program 

The PEINP Business Impact Category program   for business impact in Prince Edward Island is for business managers and entrepreneurs who are interested in investing in this region. This program has three subgroups including:

  • 100% ownership path of Prince Edward Island 
  • Prince Edward Island fractional ownership trail
  • Prince Edward Island work permit route

 

  • 100% ownership path of Prince Edward Island

Note:  This program has been closed.

The Prince Edward  100% Ownership Stream  is for entrepreneurs who have a credible business history and have the ability to own and run a business in Prince Edward Island. Entrepreneurs must own 100% of the shares of the business in question and actively manage it.

In this sub-category, if selected by the province, you will receive Canadian permanent residence directly.

  • Prince Edward Island fractional ownership route

Note:  This program has been closed.

Similar to the 100% ownership program, the Prince Edward Island Partial Ownership Stream  is aimed at attracting applicants who want to invest in already established companies on the island. Candidates for this program must own at least 33.3% of the company they want to invest in or make an investment of $1,000,000.

Participants in this program are required to pay a deposit and sign an executive agreement with the province. They are selected by the province and if they meet all the conditions and obligations of the agreement, they can apply for permanent residence in Canada.

  • Prince Edward Island work permit route

The Prince Edward Island Work  Permit Stream  allows applicants who qualify for the 100% ownership and fractional ownership programs in Prince Edward Island to first enter Canada on a temporary work visa. In fact, this program is a shortcut through which qualified applicants can enter Canada earlier and then, by completing the other steps of the program, get permission to apply for Canadian permanent residence.

 

 

Entrepreneurship Program of Northwest Regions 

The program ( Northwest Territories Nominee Program – Entrepreneur Business Stream)  is the nomination of the entrepreneur business stream in the Northwest Territories for foreign business owners with the necessary capital to start or buy a company in the Northwest Territories of Canada, supporting the regional economy and adding jobs for Canadians. residents there are considered. do

To find out about the business climate in the North West regions, applicants should take a research tour. If the business plan is accepted, they will submit a work permit application to the Canadian Immigration Department. After arriving in Canada, individuals must start their own company or expand an existing company and must also sign an executive agreement with the province.

If selected by the province, they are eligible to apply for permanent residence in Canada.

 

 

Nova Scotia Entrepreneurship Program

The Nova Scotia Nominee Program - Entrepreneur Stream  is intended for entrepreneurs with experience in senior management or business ownership. They must establish a new business in Nova Scotia or purchase an existing business and operate it actively.

High scorers are invited to submit their application to the provincial round of the program, which follows the EOI structure. After receiving a work visa, applicants establish a business for one year before applying for provincial nomination. They are allowed to apply for permanent residence in Canada by choosing from the province.

 

  • Nova Scotia Foreign Graduate Entrepreneurship Program

Those who have recently graduated from a university or community college in Nova Scotia are eligible to apply for the Nova Scotia Nominee Program  International Graduate Entrepreneur Stream. Before submitting an Expression of Interest (EOI) to the province, applicants must have established or purchased and managed a business in the province for at least one year.

Individuals with higher scores on the EOI profile are invited to apply for the program.

Applicants will be invited to an interview if they fully meet the program's standards, and if they are successful, they will be awarded a provincial nomination certificate. In the next step, individuals can submit an application for permanent residence in Canada.

 

 

Newfoundland and Labrador Foreign Entrepreneurs Program

The Newfoundland Entrepreneurship Program NLPNP International Entrepreneur Category is open to foreign business owners and senior managers who are planning to establish or purchase a company in the province.

EOI mechanism is used in this program to select applicants. Applicants with higher scores are invited to apply for this program and will do so. If accepted, candidates must first sign a commercial executive agreement with the province and obtain a temporary work permit.

They must start or buy a business and fulfill all its obligations according to the agreement. If selected by the province, they can apply for Canadian permanent residency from the federal government.

 

  • Newfoundland and Labrador Foreign Graduate Entrepreneurship Program

Graduates with at least two years of study at Memorial University or the College of the North Atlantic and at least one year of actual business ownership and management experience in Newfoundland and Labrador are eligible for the NLPNP International Graduate Entrepreneur Category program .

If an applicant receives an invitation to apply for provincial selection through this program's EOI method, they must do so. Candidates must attend an interview as part of the application process. If successful, they will be given a provincial selection certificate and can then apply for Canadian permanent residency.

 

Yukon Business Program 

The Yukon Business Nominee Program is for those who have at least three years of experience in business ownership or management and at least five years of work experience in the Yukon that is directly related to the company in question. Candidates must participate and own a company in the Yukon.

The EOI system is used by applicants to register for the program, submit their business plans and join the lottery pool. If they send an invitation, they should send their request to the province. If their application is accepted, the province will call them for an interview. If they do well, they will be given a letter of recommendation.

In the next step, they should apply to the Canadian Immigration Department for a work visa using a letter of support. After receiving a visa and entering Canada, they sign an executive agreement with the province and must act according to the obligations of the agreement and start their business. Eligible applicants receive a provincial selection certificate and can apply for permanent residence in Canada.

 

Investment amount for Canadian entrepreneurship

To do entrepreneurship in Canadian provinces, you need to provide two or three types of fees. These costs include: net asset amount, investment amount and deposit. 

  • Net worth amount:  This includes the monetary value of all your properties and assets in your home country. This asset does not need to be spent or its capital imported into Canada.
  • Investment Amount:  This is the amount of money you need to start or develop your business in Canada and must bring it into Canada. 
  • Deposit:  A deposit is the amount of money that you have to pay to the provincial government in some provincial entrepreneurship programs in the form of a trust and as a good performance, which will be refunded to you if you fulfill your obligations regarding the requirements of the entrepreneurship program of that province. .

The table below shows the costs related to business and entrepreneurship programs in different Canadian provinces. (Amounts are in Canadian dollars)

 

Business purchase visa in Canada

Today, buying or starting a business in a country is one of the ways to obtain a Canadian work visa and then permanent residence. In fact, you can immigrate to Canada using this investment method and keep your business there permanently. The company or business in question can be a store or a restaurant. The business premises may be leased or owner-occupied.

 

Buying ready business in Canada

If you want to start a business in Canada, you have two choices. Start a new business or buy an existing business. Your decision will have different tax consequences and affect the amount of tax on the income from that company's assets.

There are two ways to obtain an operating company in Canada. Either you pay a set price for the entire company, or you buy shares that must represent more than 51% of the company. A change in the ownership of the company's shares will not affect the tax value of the company's assets because a company is a separate legal entity and can hold assets in its own name.

 

Ways to find and buy a business in Canada

Before you buy, you need to know how to find a company in Canada. Since buying a business in Canada is no easy task, if you are doing it for the first time, be sure to use one or more of the strategies below to locate and then buy the ideal business in Canada. you do:

  •  Business investment magazines and newsletters  are often found in highly populated areas. For example, in southern Ontario, there are a number of free publications such as Business Exchange  that are available on newsstands throughout the Greater Toronto Area (GTA). 
  • There are some  specialized trade publications  that are relevant to the industry you want to work in; So they are also another useful resource, as most of the relevant businesses for sale are classified in this section.  You can find a list of many Canadian business journals online at the Canadian Business Press site . 
  • Newspapers  also have classified sections where you can find local business listings. Look for genuine, local businesses, but be wary of dubious business opportunities.
  • The Internet  accelerates the speed of business, and as a result, it becomes much easier to communicate between different businesses around the world. You can find the business you want through business sales sites.
  • Verbal and conversational communication  can be a great way to learn and gain awareness about a business that the owner intends to sell but may not be listed in the business for sale listings. Networking and career events can provide you access to these information channels, for example you can contact your banker, lawyer or accountant and find out about such opportunities.
  • Brokers and intermediaries  receive a commission when they help a seller complete a transaction. A good broker is a great resource; But a semi-professional, part-time recruiter is unlikely to be of much help in your job search. The best way to find a broker is to reach out to your network and ask about trusted people you can refer to.

 

Brokers and intermediaries can help you with the following

 

  • Screening your proposed businesses:  Good brokers will turn down many businesses they are asked to sell; Because the seller does not provide secrets and complete financial information, or because the business is too expensive. So acting through a broker helps you avoid these bad risks.
  • Helping you determine your interests:  A good broker will start by learning about your skills and interests and then help you choose the right business. With the help of a business broker, you may discover that an industry you've never considered is perfect for you.
  • Negotiation:  The negotiation procedure is an important part in which brokers play their role. They help both parties stay focused on the end goal and remain calm about any problems that may arise.
  • Help with paperwork:  Brokers are aware of the latest rules and regulations that affect everything from obtaining licenses to investing and securing deposits. They also know the most efficient ways to reduce additional formalities, which can reduce the length of the purchasing process by several months. Overall, working with an intermediary reduces the risk of some mistakes.

 

Sites related to business sales in Canada

There are a number of reputable sites in Canada that you can visit and select your desired city or province to see businesses for sale:

 

Two recommendations for buyers and sellers

1. Business buyers should be cautious because many company opportunities posted for sale contain inflated or misleading terms. It's best to err on the side of caution if a job prospect seems too good to be true. As you may remember, if earning $4,000 a week working from home was easy, everyone would be looking to invest in opportunities like this.

2. As a seller, you may want to talk to people close to you before offering your company on the open market. It's possible that you already have a worker who is knowledgeable about running your company and eager to get one. Candidates who have already expressed interest in your work, either through clients or suppliers, are also excellent options.

 

Important things that you should pay attention to before buying a business

Below is a list of things that you must evaluate before deciding to buy a business in Canada so that you don't get exposed to scammers and wrong businesses:

This list includes all items and supplies that can be sold or used in customer support. The inventory check process must be done in the presence of you or your authorized representative. You need to be aware of your inventory, what is currently available, and how it looked at the end of the previous fiscal year and the year before that. Inventory should also be evaluated.

This includes all goods, office supplies and financial resources. A list with each piece of equipment's name and model number should be requested from the dealer. Next, determine the current condition of the equipment, its value at the time of purchase, its current market value, and whether it is a purchase or lease. Investigating the vendor's investment in increasing equipment maintenance and repair capabilities. Find out what changes to your structure or layout are necessary to meet your needs.

Contracts are any legally binding documents for business, such as lease and purchase agreements, distribution agreements, subcontracts, sales contracts, union contracts, employment contracts, etc. Also check all other legal documents such as insurance policies, trademark registrations, royalties, etc.

If you are thinking of investing in it, have a lawyer evaluate any business that has valuable intellectual property. You should collect relevant details about real estate lease agreements.

If the desired business is a company, be sure to check in which province or state it is registered and if this company operates as a foreign company in its province.

Many small business entrepreneurs use their companies for personal purposes. They may purchase items for personal use and deposit them into a business account, travel using company funds, or take their spouse to trade shows. In order to determine the net worth of the company, you must combine your analytical abilities with those of your accountant.

Evaluate these returns, including all financial records, and compare them to your tax return. This work is especially important to determine the earning power of a business.

You should review the monthly sales data for the last 36 months, even if the sales amount is stated in the financial statements. If there are multiple products, divide your sales into different product categories. Separate credit and cash sales. It provides insight into business cycles and is a useful indicator of any company's current operations.

Review a list of liabilities with an independent attorney and accountant to assess potential costs and legal ramifications. Check if the owner has used assets as collateral for short-term loans such as capital equipment or accounts receivable. Apart from legal obligations, your accountant should also look for external liabilities such as employee claims, out-of-court settlements, etc.

Divide these accounts into 30-day, 60-day, 90-day and beyond periods. It is important to check the receivables period because the longer they last, the lower the value of the account. You should also make a list of top 10 accounts and check their creditworthiness.

Like accounts receivable, accounts payable should be divided into 30-day, 60-day, and 90-day periods. It is important to determine how much cash is flowing through the company. For payments that are more than 90 days old, you should check to see if any creditors have liens on the company's assets.

This includes all major notes, loans and any other liabilities that the respective business has approved. Be aware of any business ventures that are outside of normal areas. Take a look at the level of loans granted to customers.

Does the business have a high return rate? Has this rate increased in the past year? If so, can you identify the causes and correct the problems?

If your company operates in a market where customers can be tracked, you need to know the profile of your existing customers, such as how many are first-time buyers. How many customers have you lost in the past year? When is the busiest period of the year for existing customers to buy? Which products are the most popular?

Do you need to know how the business owner attracts customers? Does he do this by offering discounts, extensive advertising, or public relations campaigns? You should receive copies of all policies and business sales literature so that you have a mindset of how to sell and communicate with customers.

Analyze advertising costs. It is often better for a business to delay its year-end profit until next year by spending on advertising during the last month of the fiscal year.

Be sure to evaluate the current price list and discount programs for all products, the date of the last price increase and the percentage increase. You may want to go back and look at previous price increases to see what the percentage was and determine when you can raise prices again.

You should analyze the target industry and the business goals of specific market segments. You need to know if sales are growing, declining, or stagnating in this industry as well as in the market. This is very important to determine future profit potential.

Check the physical location of the business and the area in which it is located. This is especially important for small companies and shops that mainly source their customers from their respective business areas. You should conduct a thorough investigation of the business location and adjacent business areas, taking into account the competitive environment, demographics, and economic climate. Create a map of local businesses that offer services. Additionally, find out if there are any unique specifications for product delivery or any problems with shipping or getting the product to market.

Business image is very important in the eyes of customers and suppliers. As mentioned, the image or reputation of a business can be considered an asset. Consult and discuss with customers, suppliers, bank employees and other business owners in the region to determine the credit level of your desired business.

You need to find out if any of the customers have a special relationship with the current business owner. How long has there been such a relationship with the company? What percentage of this company's business does this particular customer or customers make up? Will this customer continue to buy from the company if the ownership changes?

Some wages may have been inflated or the current owner may have put a person on the payroll who does not work for the company, but is related to him. All these possibilities should be considered.

A great asset can be existing employees, especially essential employees. Analyze the organizational chart to determine who is responsible for each department. In addition, you'll want to look at the company's management practices and learn about each employee's wages and hours. You should review administrative contracts and other employee related documents.

Research whether the facility meets all occupational health and safety requirements and whether it has been previously inspected. If you feel that the seller is being covert in this regard and you see things that you feel may not have adequate safety, you can ask the Office of Occupational Safety and Health (CCOHS ) to conduct an on-site inspection.

Find out what type of insurance is used to cover the company and all its assets. Include information about local company agents as well as premium costs. Some businesses operate without insurance and may be at risk in the event of a fire or other severe disaster.

If you are buying a manufacturing company, product liability insurance should be a special consideration. Insurance coverage can change dramatically from one year to the next, and this can significantly affect a company's cash flow.

 

Steps to immigrate to Canada through the purchase of a business

 

  • Find the business you want

Look for a business that matches your skills, work experience and capital.

  • Hire a broker or business intermediary

There's no law that says you can't find the business you want on your own, but since you're a foreigner, it's better to have a broker who knows the local Canadian business laws. Get help to choose the right business.

  • Prepare your business plan

The business plan that you prepare should reflect your financial plans and projects, and most importantly, it should show how the business you have undertaken will have a positive impact on Canada and its citizens and lead to the expansion of the business, as well as maintaining or creating Employment for Canadians.

  • Negotiate the purchase of the desired business and finally purchase it

At this stage, with the help of the broker, you can do the necessary investigations and research about the existing business and finally deal with the complexities of the negotiation and agree on the deal and sign the related papers.

  • Apply for an LMIA permit

Labor and Social Development Canada (ESDC) will grant you a Canadian Labor Market Impact Assessment (LMIA) permit, if you can demonstrate to them through sufficient documentation and a convincing business plan that it does. , will be desirable. Therefore, it will not negatively affect the Canadian labor market and its workers, and on the contrary, it will boost the economy of this country.

Notably, receiving a job offer to obtain an LMIA license through the commercial procurement approach does not require a month of advertising on Canadian websites and media.

  • Apply for a temporary work visa

After you have received a positive LMIA from Canada's Labor Department, prepare the necessary documents for a Canadian work permit and work visa.

 

5 mistakes to avoid when buying a business in Canada

 

1- Not checking the records of the business in question

Checking the legal, financial and business records of the business you are considering buying is known as due diligence. Check that the company or business in question does not have back taxes, low turnover, or a large lawsuit pending against it. With the help of this comprehensive study, you can choose the best price for purchase.

2- Shopping with wrong goals

Make sure that the desired business is compatible with your current goals and strategic plans, and that you have the necessary skills and knowledge to successfully implement it.

3- Ignoring the desired business culture

Business culture, which is an embodiment of a company's values ​​and goals, refers to how people behave in the workplace. Examine business management style, employee behavior, operating procedures, and compensation programs. If you discover significant discrepancies, consider whether it's worth buying the company to close those holes.

4- Not thinking enough about the goals and plans after buying the business

Since the uncertainty and lack of transparency of goals and work plans can affect the level of enthusiasm, self-confidence and discipline and lead to the departure of employees from the company or the loss of customers, share your plans with shareholders and stakeholders quickly and honestly. share Be clear about what is going to stay the same and what may change in the future.

5- Acting late to receive financial support from banks

Before negotiating a price with the seller, find out if you need financing and financing from Canadian banks to buy your business. They can help you determine how much you can comfortably borrow so you can approach the sale with more knowledge.

If you wait, your transaction is in jeopardy because the bank may not give you the money you need or may give it to you with conditions that you cannot meet when the seller sets the trade-in price. Don't have them.

 

Advantages of buying a business in Canada

  • The necessary permits for the business have already been obtained.
  • It has the necessary reputation and credibility.
  • It has previous customers and does not need initial advertising to attract customers.
  • It has sales and profits and there is no need to start from scratch.
  • It is not necessary to have a language certificate to get a work visa.
  • It is possible to get accompanying work visa for spouse and free education of children in school.
  • It is possible to obtain permanent residence in Canada through it.

 

Disadvantages of buying a business in Canada

  • It is hardly possible to do due diligence on the records of the business in question. Because you are not located in Canada yourself, your business broker may not provide correct and accurate information about the records of the company or business you intend to buy.
  • It is difficult to reconcile company documents and verify their accuracy. The seller may show you financial and legal documents that appear to be correct, but inside, the documents are fake or some of them have been changed.
  • The seller may sell you the existing business for much more than it is worth.
  • Applying new procedures and changes may be accompanied by conflicting and opposing views.
  • Failure to choose the right business that fits your skills, experiences and business goals will lead to a waste of your capital and time.

 

What to do after buying a business in Canada?

If you have bought part of the shares of a company and you intend to merge your previous business with the new business:

1. Form a team of new members and old members.

One of the first things you should do after buying a business is to form a core team of executives from both the new company and the old company (in your country) to lead and manage the merger process.

2. Create a targeted operating model.

Design a model for what needs to be integrated and how to do it, and evaluate its performance.

3. Share your model and plan with the main stakeholders.

Quickly design your new organizational structure and communicate it to key members of the company. This will keep key team members and reduce employee stress.

4. Introduce yourself to customers and suppliers.

Work hard to protect your relationship with the company's key customers. If you are planning on making changes, call or visit them as soon as possible.

5. Focus on your strategy for your business.

If a company has operated in a certain way for several years, it follows that you will do so in the future. Consider your options for promoting the new company. What reforms do you want to make in the structure of the organization and how? Will the various components of the business remain the same?

6. Make it possible for employees to talk and ask for opinions.

A challenging change management activity is the acquisition of a new company and its merger with an existing company. After a few months, don't be shocked if doubts or questioners persist. The best way to gain their trust is to contact them frequently, be open and available, and be reliable.

 

Is buying any business suitable for obtaining permanent residence in Canada?

The answer to this question is negative. Buying any kind of business in Canada does not lead to permanent residence in Canada. For this purpose, the business you buy must have the following conditions:

Buy a business that is in important economic industries or key sectors.

Industries and sectors such as:

  • Agriculture includes food/beverage production and food processing
  • Information and Communications Technology
  • Aquaculture
  • International education
  • Aviation/Aerospace
  • Mining / mineral development
  • Biomedical (including research and development, manufacturing, etc.)
  • Mining and natural resources, forestry
  • cybersecurity
  • Patents are registered
  • Cultural industries
  • Transportation
  • Energy or natural gas sector
  • Tourism, tourism products, attractions, services and facilities
  • Export
  • Financial technology
  • agriculture
  • Film and video production
  • financial services
  • green economy

Businesses that Canadian immigration officials do not show interest in applying for permanent residence:

  • Inns or guesthouses that offer bed and breakfast services
  • Automatic car washes
  • Businesses related to providing payday loans, check cashing, money conversion, providing ATM machines
  • Metal scrap recycling
  • Mortgagor (a person who offers a loan with interest against collateral)
  • Businesses that sell second-hand goods (excluding businesses that provide value-added services such as repair, restoration or recycling)
  • Tanning salons (for tanning the skin)
  • Real estate brokerage, insurance brokerage, commercial brokerage
  • DVD rental shops
  • Activities related to real estate development
  • Self-service laundromats
  • Businesses related to commodity trade (eg export/import) unless value added is shown.
  • Home businesses and small farms grown for fun
  • Businesses that manufacture, distribute, or sell sexually immoral products.

Buy a business that is of "major benefit" to Canada.

Activities that have significant benefits for Canada include:

  • Development of new services and products
  • Use of new technologies
  • Developing innovative approaches to traditional businesses
  • Increase in Canadian exports
  • Value added jobs
  • Increasing research and development and commercialization of technology
  • Transfer of technology and specialized knowledge
  • Providing products or services to a weak local or regional market 

Buy an active business that has been open for at least 12 months.

In order to apply for permanent residence in Canada, provide documents that show that your new business is active in business and has sufficient income.

Buy a business that has had good gross sales for the past 2-3 years.

Since your business in Canada must have sufficient revenue streams, always buy a business that has more than $250,000 in gross sales per year.

Buy a business that matches your past work history.

An important factor that immigration officials consider in your permanent residence case is whether you have the ability to manage your new business or not. For this purpose, they check your work records and work experiences in your country, and in this sense, your records must be in line with the type of new business activity.

 

The best business in Canada

There are many profitable businesses in Canada that you can earn good money by buying them, but as mentioned in the previous section, be very careful about choosing your business and buy a business that is suitable for obtaining permanent residence in Canada.

Some of the most profitable small businesses in Canada include:

  • Transportation of passengers, transportation of goods, warehousing and storage of products
  • Waste management and recycling
  • Professional financial services
  • Sports and fitness centers

 

Buying a business in Toronto and Vancouver, Canada

Fortunately, there are no restrictions based on province or location when buying a business in Canada. As a result, it is possible to buy a company in any Canadian city, including Vancouver or Toronto. All requirements, guidelines, pros and cons and recommendations for buying a business in Canada also apply to Vancouver and Toronto. Actually, the rules governing the formation of a company in Canada vary slightly depending on the province, but the purpose of this article is to buy a company.

Like the previous owner or owners, after purchasing your company in Toronto or Vancouver, you must file annual tax returns with the government, including Goods and Services Tax (GST) and Harmonized Sales Tax (HST).

 

Canadian permanent residence through business purchase

Canada has created conditions for foreign investors, business owners and managers to acquire permanent residency by purchasing a company here. Of course, buying a company does not automatically lead to obtaining Canadian permanent residence, but the owner-operator program allows you to obtain a Canadian work visa and apply for Canadian permanent residence after one year.

The owner-operator program is a work permit granted under the Federal Temporary Foreign Worker Program (TFWP), not a formal immigration program. You can use the Express Entry system to apply for permanent residence in Canada after purchasing your desired business in Canada, owning it and developing it for one year.

With one year of experience in business management, you can obtain Canadian permanent residency through the Canada Experience Class program, one of the immigration categories offered by the Express Entry system. If you have management experience, your Express Entry score will increase by 200 points. Also, to be eligible for this program, you must have a total IELTS score of 6 in all four language skills.

Be very careful that if you cannot obtain the necessary points for the Express Entry program, your permanent residence will be canceled and the entire capital that you have spent until then to buy the business and develop it; will be destroyed.

Visa to buy a franchise in Canada
Self-employed visa for artists and athletes

The question of what is meant by self-employment in the Canadian immigration system is raised before examining the requirements of the self-employment immigration program to Canada.

A foreign worker who meets all the conditions for self-employment immigration listed below and, in addition to all of them, convinces the immigration officer that he has the ability to start his own business, is considered self-employed. The secret to success in obtaining permanent residence in Canada through self-employment is having the right background and choosing to earn money through self-employment in a field that you are good at.

  • Relevant work experience
  • Desire to remain self-employed in Canada
  • Willingness and ability to  contribute specifically  to a specific business activity in Canada

Also, the person applying to immigrate to Canada through self-employment must prove that he has the ability to start a business in Canada and can create a job for himself. It is possible to prove this in several ways.

Self-employed immigration to Canada for artists and athletes

  • A: One-two years of work experience in self-employed cultural or sports activities in the last five years   or
  • B: One-two years of work experience participating in cultural or sports activities at the global level in the last five years  or 
  • A combination of A and B

Eligible occupations in the Self-Employed Immigration Program

  • Writers and authors
  • Creative and innovative artists
  • Musicians
  • the painter
  • Sculptor and visual arts
  • Specialist in technical matters of moving images
  • Handicrafts
  • Creative designers

The scenario and case of Canadian self-employed professors

 

Maryam works in the field of photography. His photos have been published in magazines such as National Geographic and magazines at that level. Maryam has won many international awards in the field of photography and has been engaged in this activity for the last 5 years. Is he qualified to immigrate to Canada through self-employment? The

Yes. Maryam's work experience is acceptable for immigrating to Canada through the self-employed immigration program.

An example of a self-employment visa application that was rejected by Immigration Canada   is given below:

Drama teacher Leila, who teaches acting and drama courses full-time in Poland, Germany and Austria, was rejected in her application to immigrate to Canada through the self-employment program.

The immigration officer's opinion was that although Leila works at the international level, she is not known globally. Also, Leila is employed full-time and is not self-employed. Also,   the officer evaluated Laila's business plan as weak.

Another example that was unsuccessful in Canada's self-employment program   was the case of Ali, who applied to immigrate to Canada through self-employment, and his business plan was in the field of Iranian traditional medicine. Ali claimed that although traditional medicine is a medical activity, it is a kind of cultural activity and cannot be separated from culture.

The officer's opinion in this case was that:

Traditional medicine is not acceptable as a cultural activity.

Reza, who has a long history in the field of acting, planned to start a theater school in Vancouver, but despite having all the requirements, his application to immigrate to Canada through the self-employment program was rejected. Reza had immigrated directly to Canada without the help of an immigration consultant.

Reza goes to the Mondial visa office and asks the reason. After receiving Reza's complete file from the Immigration Department and studying the points mentioned by the officer in his file, we realized that the reason for Reza's rejection was that the officer was not convinced that Reza has the ability to start his own business. He also mentioned that Reza has no teaching experience. For this reason, he rejected Reza. In terms of scoring, Reza had a much higher score than the minimum 35 points required and met all the other requirements. It should be noted that the officer mentioned that Reza's English level was too weak to start a business.

A very important and significant point in the self-employment program is for the officer to be convinced that you have the ability to start your own business in addition to having all the conditions for self-employment immigration.

Canada's provincial investment programs
  • Invest in British Columbia
  • Invest in Ontario
  • Invest in New Brunswick
  • Invest in Saskatchewan
  • Invest in Alberta
  • Invest in Manitoba
  • Invest in Prince Edward Island
  • Invest in Nova Scotia
  • Invest in the Yukon
  • Investing in Canada's Northwest Territories
  • Investments in Newfoundland and Labrador