Immigrate to Canada as an Entrepreneur

The Entrepreneur class 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 conditional upon the entrepreneur undertaking to invest and become involved in the active ongoing management of a qualifying business operated in Canada that will contribute to the economy and create employment.

A successful applicant is one who has
a) managed a qualifying business and has controlled a percentage of equity of the qualifying business for at least two years in the period beginning five years preceding the application;
b) possesses a personal net worth of $300,000 and
c) undertakes to control a percentage of the equity of a qualifying Canadian business and provide active and ongoing management of the qualifying Canadian business that will create at least one incremental full-time job for Canadian citizens or permanent residents, other than the entrepreneur and their family members. This condition must be fulfilled for a period of one year within the period of three years after the day on which the entrepreneur becomes a permanent resident.

An applicant must also possess a sufficient personal net worth to comply with the requirement to control a percentage of the equity of a qualifying Canadian business and related settlement undertakings.

If approved the Entrepreneur applicant is landed with mandatory ¡°terms and conditions¡± that the entrepreneur must meet the following conditions:

the entrepreneur must control a percentage of the equity of a qualifying Canadian business equal to or greater than 33 1/3 per cent;
the entrepreneur must provide active and ongoing management of the qualifying Canadian business; and
the entrepreneur must create at least one incremental full-time job equivalent for Canadian citizens or permanent residents, other than the entrepreneur and their family members.
The entrepreneur must meet the conditions for a period of at least one year within the period of three years after the day on which the entrepreneur becomes a permanent resident.

An entrepreneur who becomes a permanent resident must provide to an officer evidence of compliance with the conditions within the period of three years after the day on which the entrepreneur becomes a permanent resident.

An entrepreneur must provide to an officer ,not later than six months after the day on which the entrepreneur becomes a permanent resident, their residential address and telephone number; and during the period beginning 18 months after and ending 24 months after the day on which the entrepreneur becomes a permanent resident, evidence of their efforts to comply with the conditions. Failure to comply with any of the foregoing elements can result in an inquiry leading to the deportation of the applicant and landed dependants.

If you feel that you may meet the above requirements, Visa Seminars International Inc. will be happy to review your qualifications and give you guidance on what to do next. Please simply complete our confidential questionnaire and we will respond with a free assessment of your chances for success under this category.