Business Immigration: A Challenging Process
MAR 20, 2018
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BY: GERD DAMITZ [CICC ID: R409487]
The ideal representative for business applications would be able to analyze financial statements, understand business plans, and know the associated tasks for different management levels.
For potential immigrants who wish to apply under a business immigration category, Canada offers a wide range of business programs. These programs are administered by three entities:
The federal government
Canadian provinces other than Quebec
Quebec
Federal Government
A few years ago, the federal government closed its passive investor and entrepreneur programs. Instead, a niche program was introduced, the “Start-Up Program,” which focuses on new business start-ups by potential immigrants who can attract third party capital from venture capital groups or angel investors. The potential immigrant’s net worth is merely a secondary concern, since the start-ups goal is to develop into a small business empire with a positive impact on the Canadian job market, one that would contribute financially with taxes. Anything is possible, but it is usually high tech or bio-chemical industries or innovations that have the best chance to succeed.
In 2017, the Conference Board of Canada presented an analysis and report suggesting that a reintroduction of entrepreneur and investor programs by the federal government would greatly benefit the labour market, economy, and local communities. Currently, however, only some provinces offer entrepreneurial programs (and Quebec offers passive investor programs).
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