As the cost of living in Canada continues to rise, many investors are looking to other countries with cheaper labor and lower taxes to establish business ventures there. To do so, they need to obtain a Canadian investor visa. An investor visa allows foreign businesspeople, such as venture capitalists, private equity managers, and other related professionals, to set up shop in a particular country for a set period.
Depending on the type of investment being made, the length of time an individual can remain in that country, and other factors, applying for a Canadian investor visa can be challenging and time-consuming.
What Is A Canadian Investor Visa?
A Canadian investor visa is a special visa program that is designed to allow foreign businesspeople to set up shop in a particular country for a set period. The program is overseen by the Canada Border Services Agency (CBSA) and is divided into three categories: General, Special, and Entrepreneur.
Canadian Investor Visas: The Different Sorts
There are several types of Canadian investor visas. The most common is the Entrepreneur visa, which is the most popular visa offered. The program is divided into two categories, Entrepreneur (Category A) and Entrepreneur (Category B).
In general, Category B visas are for individuals with a minimum of five years of experience in a related field. Individuals in the special category of Entrepreneur (Category B) are exempt from the requirement to have a “documented net worth” of at least CAD 1 million.
Immigrant Investors With Investment Experience Needed
Assessing the investment experience required for a particular situation is the key to determining which investors visa is best for that individual and their investment goals. The type of investment, the amount to be invested, and how long the investment will remain in the country are all factors to take into account.
For example, a venture investor immigration canada with a short-term investment of $100,000 will have a harder time gaining permanent residence with an Entrepreneur visa compared to a venture capitalist looking to set up shop there with an identical investment.
How To Apply For A Canadian Investor Visa
The first step in applying for a Canadian investor visa is to apply for a work permit under the supervision of a representative of the CBSA. The representative will assist you in gathering employment and taxes information, as well as medical and health conditions, and will help you submit your application. Once you have your employment and taxes information verified, you can apply for a visitor’s visa.
Next, you will need to gather the required documents and apply for an investor visa. There are several ways to apply for a visa, including visiting the CBSA office and filling out an application form online.
Summing Up
There are a variety of investor visas available to immigrants who want to establish a business in Canada. With the most popular being the Entrepreneur visa, this article provides information on how to apply, as well as what type of investment is required, and what is involved with receiving a visa.
Immigrants who want to start a business in Canada should carefully evaluate the opportunity and apply for the right type of visa.
