Canadian federal and provincial governments offer several options that allows a businessperson or manager to fast-track the Canadian immigration process. Business class immigration program aims to attract individuals those have a significant ability to contribute to the Canadian economy. The goal of these programs is to promote economic development and bettering Canadian job market by attracting investors, entrepreneurs, and self-employed individuals from outside Canada with available venture capital, significant business acumen, and entrepreneurial/managerial skills. There are many reasons why Canada is the best place to build your business.
Strong economic growth
Forbes magazine rates Canada as the best country in the G-20 with which to do business. Canada has the strongest fiscal position in the G-7 and among the best fiscal prospects in the G-20.
Low taxes and low business costs
Canada offers a low-cost and low-tax environment so your business can thrive. Canada’s overall tax rate on new business investment is significantly lower than that of other G-7 countries. KPMG ranks Canada as the most tax competitive country in the G-7.
Excellence in research and innovation
Canada offers a winning environment for research and innovation, including world-leading research and development (R&D) infrastructure, scientific talent, and innovation incentives. Combined federal and provincial credits can return to foreign investors, on average, up to 30% of their R & D investment in Canada.
Top quality of life
Canada’s top quality of life provides a great backdrop for the success of individuals, families and globally engaged companies. According to the World Bank, in 2011 Canadians enjoyed nearly the highest standard of living in the G-20. Canada is home to a highly educated, flexible and multicultural work force.
Canada’s new Start-Up Visa is the first of its kind in the world, linking entrepreneurs with experienced private sector organizations that have expertise in working with start-ups. This program is to attract foreign innovative entrepreneurs, who are willing to establish new, high-growth businesses in Canada and support innovation and job creation.
Most of the PNPs have at least one entrepreneur or investor visa category dedicated to people who want to expand or start their business in Canada. Each province has different set of rules and eligibility requirements based on its own economy, opportunities, and market priorities.
This program is for foreign nationals who can create their own employment, by contributing athletically, culturally, or artistically to Canada’s job market. People with sufficient funds and relevant work experience can apply for the Self-employed Program. There is no minimum net worth and/or investment requirement for this program. However, self-employed applicants need to demonstrate that they have sufficient funds to settle in Canada along with their dependents and finance the work for which their selection is based.
A business visitor is an individual coming temporarily to Canada with the purpose of engaging in international business activities, without being part of the Canadian labour/job market. Business visitors usually stay in Canada for a few days or a few weeks but can stay for up to 6 months.
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