Canadian Family
Immigration
Canadian Entrepreneur Immigration
Essentially, the entrepreneur must have the ability and the
intent to establish a business, which the entrepreneur will
manage, that will make a significant contribution to the Canadian
economy and create or continue employment for at least one Canadian
citizen or permanent resident, other than the entrepreneur and
his/her dependents.
The investment must be substantial. There is no minimum investment
required but clearly the smaller the investment the harder it
will be to obtain an approval. Applicants must also establish
that their funds will be available to them in Canada and not
be blocked by currency restrictions in their foreign currency.
The entrepreneur must plan to manage the business. A passive
investor in a business could not qualify under this category.
The applicant does not have to show a proven track record as
a manager in a successful business. However, the applicant should
at least have some relevant experience in order to convince
the visa officer that he/she has the requisite ability and intent
to participate in the management of the business.
Co-ownership is permitted as long as each partner seeking permanent
residence individually meet the requirements of this category.
Each partner must have the ability, intent and the funds to
establish a qualifying business in Canada and both must participate
in the management thereof.
Entrepreneur applicants are assessed under the same selection
criteria as independent applicants except for arranged employment
and occupational demand. Immigrants who qualify will only have
to obtain 25 points of assessment in order to qualify but must
obtain at least one point under the category of experience.
An immigrant to obtain landed status as an entrepreneur is
given conditional status for two years. The conditions will
be removed if the entrepreneur has met the guidelines of the
entrepreneur program.
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