Work Permits
UNDER CONSTRUCTION
LMIA Applications
UNDER CONSTRUCTION
Business and Investor
CARO Global Immigration Services has experience and unique in house capabilities to help all Business Class immigrants in coming to Canada.
Canada has a strong economy and admits immigrants under the Business Immigration program which comprises three sub-categories including:
Investors
The Investor class is point based and confers permanent residence upon applicants who demonstrate an ability to become economically established in Canada on the basis of their business or management experience and personal net worth of at least C$1,600,000. Approval is contingent upon the investor undertaking to commit an irrevocable, passive, non-interest bearing five-year investment of $800,000 in a government guaranteed investment fund. Under applicable programs, applicants can obtain financing and receive legal security on their investment.
You will be assessed based on selection criteria that include your experience, education, age, language abilities and adaptability
Your investment is managed by Citizenship and Immigration Canada (CIC) and is guaranteed by the Canadian provinces that use it to create jobs and help their economies grow.
CIC will return your C$800,000 investment, without interest, about five years and two months after payment.
If your application is approved, you must make your investment before a permanent resident visa will be issued. You must usually do this within 30 days. CARO Immigration Services is affiliated with several Financial Institutions to help you attain your financial requirements.
NOTE: The Federal Immigrant Investor Program has a new annual cap of 700 applications per year this cap was introduced through ministerial instructions, which came into force on July 1, 2011. The cap will reset on July 1, 2012, unless otherwise indicated in a future ministerial instruction. The cap does not apply to the Quebec Immigrant Investor
Program.
Entrepreneurs
This class is point based and confers permanent residence upon applicants who demonstrate an ability to become economically established in Canada on the basis of their business experience and high personal net worth. Approval is contingent upon the entrepreneur undertaking to invest and become involved in the active management of a qualifying business operated in Canada that will contribute to the economy and create employment.
Entrepreneurs must: show that they have business experience, have a minimum net worth of C$300,000 that was obtained legally and respect the conditions for entrepreneurs after they arrive in Canada.
You will be assessed based on selection criteria that include your experience, education, age, language abilities and adaptability. Your business must not be operated primarily for the purpose of deriving investment income, such as interest, dividends or capital gains.
NOTE: CIC has temporarily stopped accepting applications for the federal entrepreneur program. Only applications received before July 1, 2011, will be processed. This suspension will continue until further notice.
Self-Employed
The Self-Employed class is also point based and refers to applicants who have relevant experience as well as the intention and the ability to create their own employment and make a significant contribution to the cultural, artistic or athletic life of Canada, or to create their own employment by purchasing and managing a farm in Canada.
You will be assessed based on selection criteria that include your experience,
education, age, language abilities and adaptability. Your business must not be operated primarily for the purpose of deriving investment income, such as interest, dividends or capital gains.
Relevant experience is defined as:
- participation at a world-class level in cultural activities or athletics
- farm management experience or
- self-employment in cultural activities or athletics.
Certain provinces have their own Business Immigration programs within their Provincial Nomination Programs (PNP).
Certain Canadian provinces will nominate applicants for fast-track Permanent Residency under their Business Immigration Programs. If you are interested in living in one of these provinces, you may want to make your business investment
|
Province |
Minimum personal net worth |
Minimum investment required |
Business management experience required? |
Government deposit required? |
Performance agreement required? |
Exploratory visit required? |
|
Manitoba |
$350,000 |
$150,000 and ownership of at least 1/3 of an eligible business |
Yes: Previous business ownership or a minimum of 3 years of senior management experience |
$75,000 refundable deposit |
Participate in day-to-day management of business |
Yes, for a minimum of 7 days |
|
Saskatchewan |
$300,000 |
$150,000 and ownership of at least 1/3 of an eligible business |
Yes: minimum of 3 years of business management experience |
$75,000 refundable deposit |
Participate in day-to-day management of business & create new jobs for Canadians or permanent residents |
No, but recommended |
|
British Columbia: Vancouver & Abbotsford |
$800,000 |
$400,000 and ownership of at least 1/3 of an eligible business |
Yes |
Optional Fast Track Option: $125,000 refundable deposit |
Yes, in order to obtain a work permit |
Strongly recommended |
|
British Columbia: outside Vancouver & Abbotsford |
$400,000 |
$200,000 and ownership of at least 1/3 of an eligible business |
Yes |
Optional Fast Track Option: $125,000 refundable deposit |
Yes, in order to obtain a work permit |
Strongly recommended |
|
New Brunswick |
$300,000 |
$125,000 |
Yes: previous business ownership or senior management experience |
$75,000 refundable deposit |
Participate in day-to-day management of business |
Yes, for a minimum of 5 days |
|
Quebec |
$300,000 |
$100,000 – representing at least 25% of capital equity |
Yes: minimum of 2 years of business management experience in the last 5 years |
No |
Participate in day-to-day management of business |
Strongly recommended |
|
$400,000 |
$150,000 |
Yes |
$100,000 |
Participate in day-to-day management of business |
Yes |
|
|
$400,000 |
$150,000 and ownership of at least 1/3 of a business OR make an investment of $1,000,000 |
Yes |
$100,000 |
Participate in day-to-day management of business |
Yes |
|
|
Ontario |
– |
$3,000,000 and ownership of at least 1/3 of a business OR make an investment of $1,000,000 |
Yes |
No |
Participate in day-to-day management of business & create at least 5 new jobs for Canadians or permanent residents |
No |
|
Northwest Territories |
$500,000 (if buying a business in the city of Yellowknife) |
$300,000 in a business in the city of Yellowknife |
Yes |
$75,000 refundable deposit |
Yes, in order to obtain a work permit |
Yes |
|
Yukon |
$250,000 (including $150,000 in liquid assets) |
$150,000 and ownership of at least 1/3 of a business |
Yes: minimum of 5 years of business management experience |
$75,000 refundable deposit |
Yes, in order to obtain a work permit |
Yes |
Note: Only some people can charge a fee or receive any other type of payment to represent an immigrant or advise on a Canadian immigration proceeding or application. These are:
- lawyers and paralegals who are members in good standing of a Canadian provincial or territorial law society;
- notaries who are members in good standing of the Chambre des notaires du Québec; and
- immigration consultants who are members in good standing of the Immigration Consultants of Canada Regulatory Council.
Roxana Caro, Managing Director of CARO Global Immigration Services is a Regulated Canadian Immigration Consultant (RCIC) and a member of the Immigration Consultants of Canada Regulatory Council (ICCRC).