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 four 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 four 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.
- Owner/Operator LMIA
This program applies to citizens of any country who have a business idea or a project they would like to start and operate in Canada. The first step is to apply for an “Owner/Operator LMIA” to show the value that this project will bring to the Canadian labour market (ie. it will create jobs). After receiving the LMIA, a work permit can be requested and options to transition into permanent residency can be assessed for each person based on their professional profile. There is no set minimum investment because it will depend on each business idea. In general, it is a good idea to budget a minimum of $60 000 to cover for your first year of personal salary and business start-up activities.
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.
Matching you with a Canadian business or Start-up
If you would like to invest in Canada but you do not know if you should start your own business or purchase a business in Canada, you will love our matching program. We will introduce you to Canadian business owners and Start-up entrepreneurs who are looking for partners and investment to grow their project. Fill out the short survey bellow.