Business immigration offers a valuable source of new skills and new employment for Canada, and potential immigrants have a number of immigration options when applying for residence. One of these options is specifically aimed at the business sector and is of particular interest to franchisors and franchisees. It’s called the business immigration program.
The Canadian BIP or Business & Investor Program caters for people who are interested in establishing a business in Canada either without living permanently in the country or to meet the relevant criteria for residence under the Entrepreneur category. These criteria are to contribute to economic growth through:
Increasing Canada’s level of human capital
Encouraging enterprise and innovation
Franchising is the practice of using another firm’s successful business model. The word ‘franchise’ is of anglo-French derivation – from franc- meaning free, and is used both as a noun and as a (transitive) verb. For the franchisor, the franchise is an alternative to building ‘chain stores’ to distribute goods and avoid investment and liability over a chain.
Immigration & Franchising
The purpose of the Business & investor Visa scheme is to encourage experienced business people to bring capital, experience and know-how to Canada and by doing so to create employment and make a contribution to Canadian economy. An important Canada Immigration office’s role is to help ensure that we attract the right people and make sure that they have every chance to succeed.
If Canada wants such people and need them and Canada recognises that franchising is one of the easiest ways in which immigrants can enter the business market here in accordance with the above requirements. However, not all franchises meet the employment and investment criteria. The immigration Canada does have a certain amount of discretion and each case is judged on its own individual merits. Prospective applicants looking at franchises should therefore bear in mind all the above when researching their options.
When selecting a franchise, carefully consider a number of factors, such as the demand for the products or services, likely competition, the franchisor’s background, and the level of support you will receive. You also need to carefully consider how much money and time you are willing to invest in the franchise opportunity. Some people use franchising as a passive investment, while others use franchising to become “their own boss”.
The foreign market is enormous. People are out there looking for opportunities and growth, and Canada is a very attractive destination for them. If you take time to build the right relationships, and help them into your systems, you will find a new source of hard-working business-minded people.
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 @ email@example.com. You can improve your Canada job search through the Canadian database for Int’l Professional or Hineni CED , a Paid Content or Informational Services site run by Hineni Media.
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