To qualify for this program as an entrepreneur, the applicant must have a net worth of each provincial under PNPs and should be willing and be able to establish, invest in or acquire a business in Canada which will create or maintain employment in Canada.
There are many reasons why Canada is the best place to build your business:
Strong economic growth: Forbes magazine rates Canada as the best country in the G-20 with which to do business. Canada has the strongest fiscal position in the G-7 and among the best fiscal prospects in the G-20.
Low taxes and low business costs: Canada offers a low-cost and low-tax environment so your business can thrive. Canada’s overall tax rate on new business investment is significantly lower than that of other G-7 countries. KPMG ranks Canada as the most tax competitive country in the G-7.
Excellence in research and innovation: Canada offers a winning environment for research and innovation, including world-leading research and development (R & D) infrastructure, scientific talent and innovation incentives. Combined federal and provincial credits can return to foreign investors, on average, up to 30 percent of their R & D investment in Canada.
Top quality of life: Canada’s top quality of life provides a great backdrop for the success of individuals, families and globally engaged companies. According to the World Bank, in 2011 Canadians enjoyed nearly the highest standard of living in the G-20. Canada is home to a highly educated, flexible and multicultural work force.
To Be Eligible for This Program, You Must
Have at least two years of experience in running a business acquired during the five years preceding the date you submitted your application. This should be in a lawful and profitable business that you manage alone or with an accompanying spouse or common-law spouse, controlling at least 25% of the capital equity;
Have experience in running a business. This is defined as the actual and full-time assuming of the responsibilities and duties related to the planning, management and control of material, financial and human resources, or specialization process attested to by a diploma; and
Control at last 25% of the capital equity.
Assessment of the Application Will Take into Account Other Factors Such As:
- The applicant’s age and the age of their spouse;
- The nature and duration of applicant’s training; and
- The applicant’s language skills
If you qualify for an Entrepreneurial Program, you and your immediate family can obtain Canadian Immigration (Permanent Resident) Visas under the Federal Program. This is for applicants intending to reside anywhere in Canada, except for Quebec.
The Entrepreneur Program requires you to establish or acquire at least 33.33% in a quality Canadian business that you must actively manage. Your business must also create at least one new job for a Canadian citizen or permanent resident.
Any Canada’s provincial has its own entrepreneur Program which it needs to be advised by one of our experts.
Contact us and talk to our professionals for better understanding of the program
Ref. IRCC website