Applying for a Business visa is a major undertaking - especially if you are thinking of relocating your business in Canada. One of the main processes to start the ball rolling is to be able to prove that your funds are not from the proceeds of crime. Also, any applications made will have to be from the applicants country of residence.
On September 1st 2006, Citizenship and Immigration Canada (CIC) announced changes to the application procedure and have introduced a new, Simplified Application for new applicants. This new system requires the application forms and processing fee's to be submitted and then, when they are ready to process your application, you will have to submit all the supporting documentation. This may sound like good news, however, given the length of waiting times, it may be several years of waiting before you find out that you do not qualify.
With such an important step I highly recommend using the services of an Immigration Professional. This way your application is assessed by an independant, experienced professional and an honest opinion is given. This simple step could save you a lot of money, time wasted and heartache at a later date.
We are proud to recommend Phil Mooney, a member of the Canadian Society of Immigration Consultants (CSIC) and the Canadian Association of Professional Immigration Consultants (CAPIC). Phil and the experienced team at CanAm Immigration will provide expert advice about a Business Visa that you can trust no matter which Country you are moving from. To contact Phil for your FREE, no obligation assessment of eligibility please complete the short contact form at the foot of this page.
*Please note that all details are treated in the strictest confidence and at no point are these passed to, or used by any other parties.
We have just received a fantastic offer for anyone interested in the Business Visa. The spectacular Drewry Lake Ranch (pictured right) in the Cariboo region of British Columbia has been placed for sale and is perfect for anyone who would like to operate their very own guest ranch - this business could fit your requirements for immigration. Just click on the picture for more information and a link to fabulous pictures of an amazing property.
People who are experienced in business could qualify for a
They are expected to contribute to the development of the Canadian economy either by investing in or starting a business in Canada. There are three different types of Business Visa Immigrant.
1. Investors - this Business Visa program is aimed at people with at least two years recent business experience and sufficient capital. Investors must have a minimum net worth of CDN $800,000 and make an investment of CDN $400,000 that is used by either the Provinces or Territories to boost the local economy.
The C$400,000 investment is administered by the Citizenship and Immigration Canada and is returned to the “investor” after around 5 years. No interest is paid as a zero interest promissory note will be issued to the applicant that is non transferable and has to be presented to the CIC for repayment of the C$400,000.
Though not mandatory, it is recommended that a “facilitator” (authorized by the CIC and are normally representatives from one of the national banks) is used to represent the investor with no costs incurred – CIC will pay the fees. One thing I do know is that the banks do not offer the best rates for the transfers. We use HIFX - a specialist currency transfer company who transfer with no commissions or transfer fees and offer exceptional rates to both Business and private clients. Whether you eventually move or not, if you are a business person involved with international currencies then you need to see how HIFX can improve YOUR bottom line.
Once you have proof of funds you must earn at least 35 points from the CIC selection table. After this, you must pass a medical and then the standard security and immigration checks.
Provided you satisfy all these requirements, you will then be informed by the CIC how to make the investment payment and once received, the permanent resident visa will be issued. Once awarded there are no extra conditions applied to your residency terms.
Full details can be found at the CIC website for the
2. Entrepreneurs - this Business Visa program is aimed at experienced people who can create jobs and contribute to the Canadian economy by owning and managing profit orientated businesses. Entrepreneurs must have a minimum of two years business experience and a minimum net worth of CDN$300,000.
As with the investor program you must score at least 35 points from the CIC selection table. One major difference is that you will have to give a written brief of your intentions and how you will meet given conditions of the Canadian business environment.
Then, once you are resident, you will then have 3 years to physically fulfill these requirements. During the initial 18 months of your residency you will be expected to contact your local CIC office and give them firm evidence of the progress of your endeavours so far.
More, detailed information can be found at the CIC website for the
3. Self-employed persons - this Business Visa program is aimed at people who can create their
, this may be by buying and running a farm in Canada for example.
You must be able to show that you have a minimum of two years of relevant experience in the 5 years preceding the application. This relevant experience is limited to three distinct areas. They must contribute to the cultural or athletic life of Canada (check the NOC classifications), be a world class athlete or have farm management experience.
There are several different aspects to this, the third class of visa, from the other two. There are no further conditions once you have landed as a resident and you do not have to demonstrate any net worth requirements other than the standard settling funds required for your family.
is non-refundable and is payable at the time of application. This applies to the principle applicant, any accompanying spouse or common-law partner and dependent children.
The second fee payable is the Right of Permanent Residence Fee, this fee is refundable if you cancel your application, Citizenship and Immigration Canada do not issue you the business visa or if you do not use your visa. It can be paid at any time during the application process but must be paid before your Permanent Residence visa can be issued and applies to the principle applicant, any accompanying spouse or common-law partner.
All fees are payable in Canadian Dollars.
If you wish to check application processing times please click the link to the CIC website. Once there, navigate through the options depending on where your application is being processed and the type of visa you are applying for.
Click Here For CIC Processing Times!!