Business In Canada
Business persons who seek to enter Canada for an activity anywhere in the
business cycle – from visiting a client for one day to establishing a
bricks-and-mortar subsidiary for their employer – may apply either for temporary
admission or for status as a permanent resident. Typically, individuals will
initially make an application for temporary admission and may or may not follow
this process with an application for permanent residence.
ADMISSION AS A PERMANENT RESIDENT
Canada is the destination of choice for many business persons who are attracted
to our market oriented economic system, skilled labour force, abundant natural
resources and high living standards and who want to become permanent residents.
In particular, Canada’s safety, security, and stable economic, financial and
governmental institutions are important factors in an increasingly complex
The Canadian Immigration Act provided for the admission of 3 categories
of business people: investor, entrepreneur and self-employed.
PROGRAMS FOR INVESTORS, ENTREPRENEURS AND SELF-EMPLOYED
Investor Program (IIP)
The IIP seeks to attract experienced business persons and capital to Canada.
Investors must demonstrate qualifying business experience, a minimum net worth
of 1.6 Million (Canadian Dollars) and must make a passive investment of $800,000
(Canadian Dollars) in an approved investment.
The IIP began in 1986. In the last 5 years, more than 7,000 investors have
landed, investing more than $2.6 billion (Canadian Dollars).
The Entrepreneur Program
The Entrepreneur Program seeks to attract experienced business persons who will
own and actively manage businesses in Canada that will contribute to the economy
and create jobs. Entrepreneurs and their dependants are admitted to Canada under
specific conditions that are subsequently monitored by CIC after landing.
The Entrepreneur Program began in 1983. In the last 5 years, over 11,000
entrepreneurs have landed and have created more than 43,000 jobs.
The Self-Employed Program
Self-employed persons must have the intention and ability to create their own
employment and make a significant contribution to the cultural, artistic or
athletic life of Canada. Self-employed persons also include those who are able
to create their own employment by purchasing and managing a farm in Canada.
The program began in 1978. In the last 5 years, over 5,000 self-employed persons
have landed in Canada.
Quebec’s Business Programs
Quebec operates its own Investor Immigrant Program (IIP) under the authority of
the Canada- Quebec Accord Relating to Immigration and Temporary Admission of
Aliens. In this Accord, Quebec undertakes to administer its investor program in
a manner consistent with the spirit and objectives of the federal program. Until
recently, 98% of all investments made in the IIP program were made through
Quebec. A similar construct of “entrepreneur selected by a province” is
available whereby an entrepreneur selected by Quebec is an “entrepreneur”
subject to that province’s determination of what constitutes business
Find out if you qualify as a Business Immigrant: