Business and Investment Immigration
The Canadian government rewards entrepreneurs and investors who choose Canada to open their business and invest their money. There are several different programs that fall under the category of business and investment immigration. Some operate at a national level and others at a provincial level. North Horizon Immigration Consulting focuses on three active investment programs that require operating a business and one passive investment program that only requires a financial investment. Although each program has its own set of conditions and processes, they can all provide the opportunity for a foreign national to get Canadian permanent residency.
The three active investor programs we work with require the foreign national to own and operate a business anywhere in Canada. Depending on the nature of each business and the nationality of the foreign national, one program may be better suited than the other.
- NAFTA Investor
This program applies to Mexican and USA citizens. It requires an investment of an applicant’s personal funds to purchase an existing Canadian business or start a new one. The applicant must invest a minimum of $150 000 CAD. The applicant first receives a work permit to move to Canada and operate the business. After 12 months, the applicant may qualify for permanent residency based on additional factors such as language and educational levels.
- Canadian Subsidiary
This program applies to citizens of any country listed in the General Agreement on Trades and Services (GATS) of the World Trade Organization (WTO). The candidate must own a company in one of the GATS countries and establish a subsidiary in Canada with a minimum capital of $60 000. The applicant first receives a work permit to operate the business and after 12 months, may qualify for permanent residency based on additional factors such as language and educational levels.
- Self Employed
This program is available for artists or athletes who can prove they will be self-employed upon immigrating to Canada. The applicants must have 2 years of global, international experience. They must provide proof and a business plan to describe how they will earn money as self-employed and contribute to the Canadian economic and cultural growth. Other selection factors include age, education and language. The applicant directly applies to permanent residency without the need for a preliminary work permit.
Passive Investors for the province of Quebec
The Quebec investor program is currently the only passive investment program in Canada. The foreign investor provides the province of Quebec with a loan that will be repaid to them in 5 years with no interest. In exchange, the investor and his family receive permanent residency from the moment the loan is given. Here are the steps of this program:
- The investor gets a loan from a designated financial institution for the value of $1.2 million CAD. Usually this is achieved by proving a down payment of around $350 000.
- The financial institution transfers the loan of 1.2 million CAD to the government of Quebec.
- The government of Quebec gives a Certificat de Selection to the investor. This certificate is used to apply for permanent residency.
- After 5 years, the government of Quebec pays back the $1.2 Million to the financial institution without interest and the investor’s loan is paid off.
The application process for this program is rigorous and takes approximately 1 year to be complete. The applicant must also comply with other requirements such as:
- Have two years of business management experience.
- Have a personal net worth of $2 Million CAD.
- Show an intention to be established in the province of Quebec.
- Pass a selection interview.
Business and investment immigration is one of our special areas of expertise at North Horizon Immigration Consulting. If you would like to participate in one of these programs, we encourage you to book an appointment with our regulated immigration consultant and talk about all the details.