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Business Immigrants

  →  Permanent Residency   →  Business Immigrants

Business Immigrants can apply in any of the following categories

Canada welcomes successful business people who are seeking new opportunities and challenges. The Business Immigration program is designed to encourage and facilitate the admission of these individuals. Both the Federal and Provincial/Territorial governments welcome business immigrants and offer services to help immigrants start a business and settle in Canada.

Who Can Apply

A person can apply under only one of these classes and cannot change the class after the application has been submitted. Briefly speaking, in accordance with Immigration and Refugee Protection Act and the Regulations there-under, following parameters are required to be satisfied by business class persons desirous of immigrating to Canada as investors or entrepreneurs or self employed persons.

  • Net worth: Legally obtained net worth of at least CAD$ 1.6 million by the applicant and the spouse. It could be owned by both the spouses.
  • Deposit amount: Should be in a position to make an investment of CAD$ 800,000 in the Federal Fund by making payment through the Receiver General of Canada. The full amount of investment (without interest) is repaid to the investor after 5 years & three months after the date of payment. Alternatively, the applicant could pay CAD$ 220,000 to a finance company in Canada who in turn will be depositing CAD$ 800,000 in a Federal Fund. However, the amount given to a finance company is non-refundable.
  • Business experience: The definition of business experience provides two options for investor class.
  • (i) A minimum of two years of experience consisting of two 'one-year periods' of experience in the management and control of a qualifying business wherein any two factors namely employment, sales, net income, equity out of 5 years on the date of application and the period when determination is made by Visa authority in which the applicant had carried on business in home country are satisfied. The following chart lays down minimum requirement for a qualifying business at various percentage of ownership.
  • (ii) Two 'one-year periods' of experience in the management of a business or a portion of business at senior level without need to own it with at least five employees directly under the applicant.