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Canada Immigration: A way out of the COVID-19 conundrum

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The impromptu effect of the holy corona virus has ceased a quantum of business opportunities trudging animosity towards economic growth. Moreover, racial strife is contributing to the turmoil of a country. Unprecedented times are the new cliché. To combat these, many of the budding businessmen are shifting their focus to immigration policies, where natural resources are in plenty and the cultural homage is splendid. We are talking of the inevitable and marked favourite, Canada a splendid country in terms of lucid immigration policies and prolific cultural, social, health, educational perspective. The topic of immigration to Canada has been of primary choice among millions of businessmen aspiring to prosper in the lands of maple.

 

Mission & Vision

Canada is strongly on the lookout for standalone entrepreneurs with the requisite passion, talent, managing capabilities and strength to buy a business in a foreign land of maples. With the inclusion of foreign development, Canada is foreseeing future investments for better growth of the country and boost the economy, phenomenally. The Canada Immigration program has set up several Entrepreneur and Investor Visa options for people to explore for those who want to immigrate to Canada from India.

 

Visa Programs:

  1. Start-up Visa Programs: The start-up visa program is the standard business immigration program or “investor” to start a business anywhere in the country. However, there are a set of requirements to become eligible:

 

Start-up Business requirements

 

1.      Business Requirements Once a designated organization commits to your business:

all applicants (up to 5 people can apply as owners) must each hold at least 10% of the voting rights attached to all outstanding shares of the business; and

together with the designated organization, they must hold more than 50% of the voting rights attached to all outstanding shares of the business.

Once you receive permanent residence, you must make sure that:

you play an active role in the ongoing management of your business while living in Canada;

the essential operations of the business must partly take place in Canada; and

your business is incorporated in Canada.

2.      Letter of Support You must get a letter of support from a designated organization that proves they are willing to invest in and support your start-up. These organizations include:

Venture Capital Firms ($200,000 investment);

Angel Investor Groups ($75,000 investment); and

Business Incubators

3.      Business Language You must score a minimum of Canadian Language Benchmark level 5 in speaking, reading, listening and writing in either English or French.
4.      Settlement money As the Canadian government doesn’t give financial support to this “investor” visa, you will have to be able to prove that you have enough money to settle you and your family in Canada  successfully

 

To sum up, the Canada Immigration policy wants to endure and trace people where your business must be innovative, create jobs for Canadians, and be able to compete globally but single-handedly

 

  1. PNP Entrepreneur and Investor Visa options

The prominent PNP (Provincial nominee program) allows the indefinite power to every province and territory of Canada to invite applicants to live within with the requisite skills and marked experience. Most of the PNPs allow at least one entrepreneur or investor visa category dedicated to people who would like to start their fresh business model or expand their old bran with vitality. Want to know more about each province’s requirements? Check out our table below.

 

Where do you want to start your business?

 

Alberta British Columbia Manitoba
New Brunswick Nova Scotia Northwest Territories
Newfoundland and Labrador Ontario Prince Edward Island
Saskatchewan Yukon

 

3 Easiest provinces to start businesses in Canada

  1. Northwest territories
  2. Saskatchewan
  3. British Columbia

The best province in Canada for the best business opportunities is:

Quebec: The highest job vacancies in Canada can be found in Quebec where the job vacancies stood at straight 4%

The best place to start a business with an affluent living area:

Vancouver: The bustling Canadian seaport has a flexible, striking and a competitive economy that has been regarded as the perfect place in the world to start a business if your net worth is close to $600,000 CAD with a minimum investment of $200,000 CAD in the business, and successfully creating at least one full-time job for a permanent resident or citizen of Canada. You are good to go for the British Columbia Entrepreneur Immigration. But suppose if you are trying for a Regional pilot program, you must settle in a province where the population less than 75k and 51% shares of your firm.

The best province in Canada who is in dire need of immigrants to boost the economy:

Ontario: It records a humongous number of 130,000 immigrants in 2019 alone. Till this date, Ontario records the highest number of immigrants working in Ontario followed by Quebec.

The best province in Canada for agricultural business opportunities

Alberta: This is a home to 3rd most liveable city Calgary, a complete storehouse of natural resources filled to the brim of exclusive farmlands. This is the 2nd largest agricultural producer and its diverse landscapes make it the perfect destination for crop fertilization, crop production, livestock production and much more. However, at present only one type of visa available in Alberta- the Self Employed Farmer Stream. It has some of the prime requirements: is to have proper skills and documentation over past agricultural projects with a Canadian investor willing to invest is a plus.

The best province in Canada for businessmen looking for a quiet scenic and social life

Manitoba: If socially active Vancouver is not your cup of tea, we would suggest you Manitoba, a land of natural beauty filled with safe, clean, and friendly communities to start your business. The cost of living in Manitoba is low as that of 76% of immigrants become homeowners within the first five years of living in the province.

The best province in Canada offers bright opportunities in Canada as well as an easy PR

Ontario PNP offers bright opportunities to immigration aspirants and is considered as an easy province to get PR in Canada. This is the largest Canadian province is famous for easy rules, quick immigration process and high rate of ITA.

All in all Canadian Immigration services has been following stringent rules in the act of implementing the safety and security of immigrants willing to live. However, there is fresh feed regarding the same every week, stay tuned for more.

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