 Business
Immigration
Business Immigration: Self-Employed
The definition of "Self-Employed" is as follows:
"self-employed person" means an immigrant who intends and has the ability to
establish or purchase a business in Canada that will create an employment opportunity for
himself and will make a significant contribution to the economy or the cultural or
artistic life of Canada."
Although technically open to all immigrants, this category
of business immigration is more often employed by artists and craftspeople. To be eligible
for immigration under this category, an applicant must meet the criteria. They must have
the intent and ability to begin and operate a business. This can be demonstrated by a
proven history of experience. While a person need not technically have been self-employed
in the past, it is more difficult to prove ability when one has only been employed by
others. The applicant must demonstrate that they have sufficient monies to establish
themselves and their business. Most importantly, they must establish that they can make a
"significant contribution" to the economy or cultural and artistic life in
Canada.
Self employed applicants still must meet the 70 point
threshold, however, if they qualify, they receive 30 bonus points.
Business Immigration: Entrepreneur
"Entrepreneur" means an immigrant who:
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intends and has the ability to
establish, purchase or make a substantial investment in a business or commercial venture
in Canada that will make a significant contribution to the economy and whereby employment
opportunities will be created or continued in Canada for one or more Canadian citizens or
permanent residents, other than the entrepreneur and his dependents, and |
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who intends and has the ability
to provide active and on-going participation in the management of the business or
commercial venture (entrepreneur) |
A difference between the entrepreneur category and the
self-employed category is that entrepreneurs must satisfy landing conditions within two
years before they are given a permanent status. Landing can be removed from an
entrepreneur who does not met the conditions of landing. This category is more suited to
"pure" business applicants who have a history of business management. Note that
entrepreneurs must be actively involved in their business.
An entrepreneur must be assessed on the point system, but
need only receive 25 points.
Business Immigration:
Investor
For those immigrants with significant funds, who do not
wish to be actively involved in a business, the investor category is a consideration.
Canada has recently altered the investor category. Currently, an investor must have
successfully owned, operated or directed a business and have a minimum net worth of
$800,000. This amount must have been earned by the investor’s own efforts. For
example, it cannot have been inherited. The investor then invests a minimum of $400,000
(Canadian). The investment is fully guaranteed and paid to Citizenship and Immigration
Canada as set out in the Subscription Procedures and Subscription Agreement contained in
the CIC Website.
There are no landing conditions to satisfy.
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