Entrepreneurial Routes to Canadian Citizenship: A Strategic Guide on Investment Visas and Residency

ByCaesar Reading Time: 3 minutes

Canada is one of the countries which allows individuals to invest in Canada for citizenship. An individual can be an entrepreneur, business owner, or any investor who would like to invest in a country. The strong and stable economy of Canada attracts entrepreneurs to invest. However, there are specific ways to apply for Canadian PR by investment. In this article, we will be discussing the important points to keep in mind while planning to apply for Canadian citizenship.

As mentioned above, the Canadian investment visa program is especially designed for international investors, entrepreneurs, and sole proprietors. Any one of them can apply for permanent residency with their families by investing (expanding in-house business to Canada), investing in the existing business with new ideas, or starting a business from scratch.

Here are some of the points to discuss for PR before heading forward:

  • Make investments in existing businesses
  • Establish a business from the start
  • Stay in Canada and operate any business
  • Apply for PR
  • Apply for citizenship by investment in Canada

1.  Transfer Visa by Intra – Company

Intra- Company transfer is an option offered by the federal program, which comes under the foreign mobility program. This program gives foreigners an advantage in coming to a country and expanding their business. After one year of business operations, an individual can apply for Permanent residence.

There is a program called LMIA, which Canada offers. Once you start a business, you can obtain a work permit exemption (through LMIA). After this you are eligible to apply for permanent residence, also through intra company transfer you can become a principal applicant and will grant your family or spouses for work permit or study visa. This allows them to live, stay, or work in Canada.

Benefits of ICT Visa:

  • Self–employed business in Canada
  • Sponsored your family and spouses
  • Free education facilities in public schools in Canada
  • There is no minimum investment required
  • Process duration is lesser than the other visa programs
  • Lead to permanent residency in Canada

2.  Work permit (C11)

This program is also offered by federal immigration. This one is specifically for those who would like to invest in existing Canadian businesses or start their own business. C11 allows individuals to apply for permanent residence once they complete a year of working or operating a business.

The time span of C11 work permits is two years, but it can be increased depending on how much profit your business is earning and how actively it is participating in the country’s economy.

3.  Entrepreneur LMIA:

It is different from an LMIA-exempt work permit. It allows an individual to apply for LMIA and enter Canada. This process hardly takes 2 to 3 months, and the quality of this program makes it more attractive for investors. An investor can work in Canada as an employer of his own business or can participate in any other Canadian business. Once the time span of two years is complete, you can now apply for permanent residence.

Conclusion

While applying for Canadian Permanent residency by investment, one should keep in mind some of the important factors that make your process easier to complete. Make sure you have chosen the right direction for the application. You can consult any specialized immigration consultancy that guides you throughout the procedure.

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