Immigrating as a Business Person to Canada
Who is a Business Immigrant? Business immigrants are people who can invest in, or start businesses in Canada and are expected to support the development of a strong and prosperous Canadian economy. The Business Immigration Program seeks to attract people experienced in business to Canada.
Business immigrants are selected based on their ability to become economically established in Canada.
Canadian business culture
The business culture in Canada is one build on efficacy and respect for laws, regulations and rights for workers and investors. Many newcomers to the country note how different it is to do business here and that the high level of transparency make it a preferable place to do business.
The banking system in Canada
The banks in Canada are among the most stable in the entire world. There are many loan and credit programs designed to assist business buyers. The Business Development Bank (BDC) is a federal Crown corporation with mandate to assist in small and medium-sized business financing, including acquisitions.
Highly developed society and economy
The economic system is one of the most advanced in the world. The largest city of Toronto, Ontario has numerous business opportunities, an affluent market, educated workforce and sophisticated investors to draw upon. Canada, and southern Ontario specifically, is one of the best places anywhere to purchase a business.
Start a business or buy one?
Starting up a business is a very risk proposition. It involves committing some level of capital at risk and essentially starting from day one with no cash flow. Buying a business can be far less risky. Revenue is usually present from the onset and processes, clients, vendors and staff are already in place. Buying established businesses for sale is a common path for new immigrants to establish themselves economically in Canada.
The question most new arrivals to the country as is where to look to find a company to buy. Although there may appear to be many business listings, relatively few are actually ventures which will sell. If you know of a business broker in your community or perhaps an M&A advisor that you can consult with, that would be a good first step. Talking to a professional that is in constant contact with buyers and sellers is the recommended starting point. You can rely on searching the internet to find a business for sale but the reality is that you can be searching for a long time by just relying on that channel.
Canadian Entrepreneur Programs
The Entrepreneur Program seeks to attract people with business experience who have the intention and ability to actively manage a Canadian business that will positively impact the Canadian economy and create employment opportunities for Canadian residents.
Find out if you qualify As a qualified Entrepreneur, you and your immediate family can obtain Canada Immigration (Permanent Resident) Visas under the Federal Program (applicants intending to reside anywhere in Canada, except Quebec). The Entrepreneur Program requires you to establish or acquire a percentage of equity (at least 33.33%) in a qualifying Canadian business that you must actively manage. Your business must create at least one new job for a
- Canadian citizen or permanent resident.
- Open for business through immigration
Provincial Nominee Program for Business
This program allows Manitoba to recruit and nominate for Canadian permanent resident status qualified business people from around the world who have the intent and ability to move to Manitoba and establish, purchase a business or become partners in an existing business.
Young Farmer Nominee Program
If you are considering starting a farm in Manitoba but do not meet the eligibility criteria for the PNP-B, the Young Farmer Nominee Program is an exciting opportunity that may still allow you to qualify. Read more here
Marisol Diaz is an experienced workshop presenter, specialized information publisher, and a SOHO specialist. She also has been writing on Canada settlement and immigration law since 2006. contact her @ firstname.lastname@example.org. You can improve your Canada job search through the Canadian database for Int’l Employers or the Canadian Employer Directory , a Paid Content or Informational Services site run by Hineni Media.
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