Business Immigration Pathways

Canada encourages skilled entrepreneurs seeking fresh opportunities and challenges. In this  regard, different business-related immigration streams aim to support and simplify the process  of bringing such individuals into the country. Both federal and provincial governments actively welcome business immigrants, providing assistance to help them establish businesses and  integrate into Canada. This brief article will touch upon some of the business immigration streams, residency options via investment, and opportunities for buying businesses in Canada.

At the federal level, the start-up visa program is one of these options which is designed for  innovative business people who can compete internationally and generate jobs for Canadians. In  addition to meeting linguistic and financial standards, applicants must have a qualifying business  and obtain a Letter of Support from a designated entity in Canada. More information about the  requirements of this path will be explained in a separate article, however, it’s worth mentioning  that this is one of the few options at the federal level for entrepreneurs seeking to conduct  business and settle in Canada.

As part of their Provincial Nominee Programs (PNP), several provinces in Canada provide  business-focused streams. With their own set of requirements and incentives, these programs  are for people who want to start or invest in enterprises in particular provinces. For instance,  British Columbia's Entrepreneur Immigration stream is a way for international entrepreneurs  wishing to immigrate to the province to set up businesses that support innovation and economic  growth. It’s a “temporary to permanent” immigration pathway and has specific requirements  which will be outlined in a separate article.  

Although not a standalone program, applicants can also consider entrepreneur work permit options if they have enough funds to purchase an existing business in Canada with at least 2  employees. There are many requirements for a business to be considered as eligible in this regard,  however it is still possible to find such a business, conduct due diligence to ensure that it is indeed  profitable and operational, and then apply for temporary work permit as the owner of this  business. This pathway is slightly more complex and candidates should consult a legal professional  in order to make an informed decision and decide whether the business they’re seeking to  purchase would indeed bring “significant benefit” to the country as required by the IRCC.  

As mentioned above, there are multiple business immigration pathways to Canada, however this is a changing landscape with certain streams being paused at times (or being permanently closed).  In this regard, it’s important to make an informed decision based on your personal qualifications  and the finances you are able to spare for this process. If you have any questions or inquiries  about these or other business immigration options, please feel free to contact us at mail@atasoylaw.ca.

Disclaimer:

The information provided in this blog post is for general informational purposes only and does not constitute legal advice. Reading this post does not create a solicitor-client relationship. Refugee and immigration law is complex and fact-specific; outcomes can vary depending on individual circumstances. For legal assistance regarding business immigration programs, please contact our office directly.