Canada offers various pathways for individuals from other countries to attain permanent residency by making investments in businesses. The country’s robust economy makes it an attractive destination for investors and business owners. However, there isn’t one specific way to get permanent residency in Canada just by investing.
Several investment programs in Canada require active involvement in a business to secure permanent residency.
This guide covers the best ways to get Canada PR by investing in a business.
How to Get Canada PR By Investment?
Canada offers some unique visa programs for individuals from other countries interested in investing or starting a business.
These programs cater to business owners, investors, entrepreneurs, startups, and self-employed individuals. If you’re looking to relocate to Canada with your family, you can obtain permanent residency (PR) by investing in a Canadian business, expanding your existing business from your home country to Canada, or initiating a new business in the country.
To get permanent residency and eventually citizenship in Canada through investment, most pathways follow a simple 5-step process.
1. Invest in a Business in Canada or Establish a New One
2. Get an Entrepreneur Work Permit
3. Operate a Business While Living in Canada
4. Apply for Permanent Residency
5. Apply for Canadian Citizenship
Here are 5 investment options for entrepreneurs and investors that may help them secure Canada PR by investment:
1. Intra-Company Transfer Visa (C12 Visa)
Before April 1, 2021, Canada had a way for people to move there called the Owner/Operator LMIA. But, the government stopped it. Now, the Intra Company Transfer (ICT) Visa in Canada is like the old Owner/Operator program.
ICT is a unique federal program under the International Mobility Program that allows foreign business owners to expand their businesses into Canada. Candidates can apply for permanent residency once they have successfully operated their business in Canada for one year.
If someone wants to start a business in Canada and be a top executive in the company, they can get a special work permit that doesn’t need a labor market impact assessment (LMIA). Once they have that, they can apply to become a permanent resident of Canada. The ICT pathway also lets the spouse and kids of the main applicant get a permit to work and study in Canada.
Benefits of Intra-Company Transfer Visa
1. Live and run your business in Canada
2. Bring your family with you
3. Free education for children in the Canadian public school system
4. No minimum investment required
5. No physical presence is required
6. Faster process
7. Options to stay permanently in Canada
2. C11 Work Permit
The C11 Entrepreneur Stream, also known as the C11 Work Permit, is another Federal immigration program under the International Mobility Program. This is a program for people who want to invest in or start a business in Canada. If you’re approved through this special stream, you can apply for permanent residency after running your business for one year.
A C11 work permit in Canada typically lasts for two years and can be extended if your business is doing well. If you’re thinking of starting or investing in a business in Canada, it’s a good idea to talk to a licensed immigration expert for advice. Not all businesses qualify for the program, so it’s important to get guidance.
There is no minimum investment requirement for a C11 Work Permit.
3. Entrepreneur LMIA
The Entrepreneur LMIA, also known as Owner-Operator LMIA, is a way for business owners, entrepreneurs, and investors to apply for permission to work in Canada. Unlike some other work permits like the C12 Visa and C11 Visa, this one requires a Labor Market Impact Assessment (LMIA).
What makes the Entrepreneur LMIA Work Permit special is that the application process is quite fast, taking only 2 to 3 months. Once approved, these individuals can work in Canada either managing their businesses or working for another Canadian business. After gaining two years of work experience, they have the option to apply for permanent residency in a full-time role.
There is no minimum investment requirement for this pathway as well.
4. Business-Oriented Provincial Nominee Program (PNP)
In Canada, there are different ways for people from other countries to come and do business. One way is through something called Entrepreneur LMIA, or Owner-Operator LMIA. This is not the same as LMIA-exempt work permits.
Each province in Canada wants to bring in business owners and investors to help their economy grow. They have different programs under the Business Provincial Nominee Program (PNP) that let people invest in certain businesses. After investing, these individuals can apply to become permanent residents of Canada.
Let’s take a closer look at these options in each province:
British Columbia
British Columbia offers two BC PNP Entrepreneur Immigration options for investment in Canada for PR.
BC PNP Entrepreneur Base Category
The BC PNP Entrepreneur Base Category is for individuals who want to buy or start a business in British Columbia and become a permanent resident of Canada through investment. After fulfilling the terms of their business performance agreement, candidates can apply for permanent residency which usually takes about 18 to 20 months.
• Minimum Investment Requirement: $200,000
BC PNP Regional Pilot Program
The BC PNP Regional Pilot is for People who want to start businesses in small towns in British Columbia. Once they follow the rules of their business agreement for a year, they can apply to become permanent residents.
This is one of the most popular investment immigration programs and has minimum investment requirements.
• Minimum Investment Requirement: $100,000
Alberta
The province of Alberts currently also offers AAIP entrepreneur immigration programs to get permanent residency in Canada by investment. Similar to other business programs, you can become a permanent resident by either starting a new business or buying an existing one in Alberta. These AAIP programs include:
AAIP Rural Entrepreneur Stream
The Alberta Rural Entrepreneur Stream is for individuals who want to buy or start a business in Alberta. After running their business for a year, they can apply for permanent residency in Canada. This program is liked by entrepreneurs and investors who want to become Canadian residents by investment. The goal of this program is to boost the economy and create jobs in small towns in Alberta.
Minimum Investment Requirement: $200,000
AAIP Graduate Entrepreneur Stream
The Alberta Graduate Entrepreneur Stream is for people who have graduated from College or University in Alberta and plan to start or take over a business in the province. After running the business for a year, they can apply to become a permanent resident.
Minimum Investment Requirement: $50,000 or $100,000, depending on the business location.
AAIP Foreign Graduate Entrepreneur Stream
The Alberta Foreign Graduate Entrepreneur Stream is for individuals who have graduated from College or University outside Canada and want to start a business in Alberta, Canada. After running their business for a year, they can apply to become a permanent resident.
• Minimum Investment Requirement: $50,000 or $100,000, depending on the business location.
AAIP Farm Stream
The Alberta Farm Stream is for individuals who own a farm, have enough money to run it and know a lot about farming. If you’re a seasoned farmer looking to start or buy a farm in Alberta, you can get permanent residency by investment through this pathway.
• Minimum Investment Requirement: $500,000
Ontario
Ontario has a program called the OINP Entrepreneur Stream. It’s for people who want to start, buy, or run a business in the province. If you qualify and fulfill the requirements of your business plan, you can apply to become a permanent resident.
• Minimum Investment Requirement: $200,000 or $600,000, depending on the business location.
Saskatchewan
Saskatchewan offers three investment immigration programs for business owners, entrepreneurs, and investors. These SINP Entrepreneur PNPs offer pathways to obtain Canada PR by investment.
SINP Entrepreneur Category
The SINP Entrepreneur Category is for people who plan to buy or team up with a business in Saskatchewan. Once they fulfill the conditions in their Business Performance Agreement, they can apply for permanent residency.
Saskatchewan introduced this SINP Investment Immigration Program to help the province’s economy and generate jobs for people living in Saskatchewan.
Minimum Investment Requirement: $200,000 or $300,000, depending on the business location.
SINP International Graduate Entrepreneur Category
The SINP International Graduate program is for individuals who finished their studies at a college or university in Saskatchewan and wish to start, buy, or run a business in the same province. Once they fulfill the conditions outlined in their Business Performance Agreement, they can apply for permanent residency.
Minimum Investment Requirement: None
SINP Farm Owner and Operator Category
The SINP Farm Owner Operator is for people who know how to run a farm and want to buy and run one in Saskatchewan. If they’re approved, they and their families can become permanent residents.
Minimum Investment Requirement: $150,000 or $300,000, depending on the program.
Manitoba
Manitoba has a program called the Business Investor Stream that helps foreign business owners and investors become permanent residents of Canada through investment. There are two ways for them to do this by either starting a new business or buying one in Manitoba.
MPNP Entrepreneur Pathway
The MPNP Entrepreneur Pathway is for people who want to buy or start their own business in Manitoba. Once they fulfill the terms of their business agreement, they can apply for permanent residence. This process can take from 6 to 20 months.
Minimum Investment Requirement: $150,000 or $250,000, depending on the business location
MPNP Farm Investor Pathway
The MPNP Farm Investor Pathway is for people who have owned a farm before, have enough money to invest, and want to run a farm in rural Manitoba. To apply, you need to submit a plan for your farm business and also visit to research the business.
Minimum Investment Requirement: $300,000
Nova Scotia
Nova Scotia province of Canada also offers two investment immigration pathways for business owners, entrepreneurs, and investors who want to get Canadian PR by investment.
NSNP Entrepreneur Category
The New Brunswick Entrepreneurial Category is for folks who plan to start, buy, and run a business in Nova Scotia. After successfully running the business for a whole year, they can apply for permanent residency. This is a way for them to become permanent residents in Canada by investing in and managing a business.
Minimum Investment Requirement: $150,000
NSNP International Graduate Entrepreneur Category
This New Brunswick Post-Graduate Entrepreneurial Steam is for candidates who have graduated from Nova Scotia College or University and have been operating a business in the province for over a year.
Minimum Investment Requirement: None
Prince Edward Island
Prince Edward Island has a program called PEI PNP Business Impact Category for people who want to live in Canada. This program is also called the PEI PNP Work Permit Stream. It’s for entrepreneurs and investors who plan to start a business in Prince Edward Island, which is one of the eastern provinces in Canada. If they succeed in running their business according to their plan, they can apply to become permanent residents of Canada.
Minimum Investment Requirement: None
New Brunswick
The New Brunswick Entrepreneurial Stream is for folks who want to start and run a business in New Brunswick. It’s a way for entrepreneurs and investors to become permanent residents in Canada by investing. After successfully running their business for a year, candidates can apply for permanent residency.
Minimum Investment Requirement: $150,000
5. Québec Investor Programs
Québec offers three immigration pathways for investors.
Quebec Entrepreneur Program
This program is for people looking to start and run a creative business in Québec, getting support from an organization.
Minimum Investment Requirement: Variable
Quebec Self-Employed Worker Program
This plan is for folks who want to live in Quebec and work for themselves. To find out more about what you need for the Quebec Self-Employed Worker Program, check out the official website.
https://www.quebec.ca/en/immigration/immigrate-business
Minimum Investment Requirement: $25,000 or $50,000 depending on the location.
6. Canada Startup Visa
The Canadian Startup Visa Program is an immigration pathway designed to attract innovative entrepreneurs from around the world to establish their start their businesses in Canada.
Successful applicants and their families are granted permanent resident status in Canada. This allows them to live, work, and study anywhere in the country.
Unlike some other startup visa programs in different countries, Canada’s program doesn’t require applicants to secure a specific amount of funding.
However, they must have the support of a designated organization, such as a venture capital fund, angel investor group, or business incubator.
If the investment comes from a designated Canadian venture capital fund, you must secure a minimum investment of $200,000.
If the investment comes from a designated Canadian angel investor group, you must secure a minimum investment of $75,000.
Conclusion:
Many people have successfully immigrated to Canada after using one of the above-mentioned investment programs. If you, too, are planning to get Canada PR by investment, you can contact our experts.
+2348165165009 or +14034376814 or Visit our website https://kishaimmigration.com/canada/
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