Canada is one of the countries that receive the highest number of immigrants every year. The opportunities available in the county are some of the reasons for this. Also, immigrants don’t have to face strict policies when seeking residency status. For an immigrant to become a Canadian permanent resident, they must apply for the status. The business class is one of the options that immigrants have when applying to become permanent residents. An investor, self-employed person, or an entrepreneur can qualify for permanent residence.
Who Can Apply
If you are a business immigrant, it helps to understand a few things. The business immigrant category focuses on people that can make a significant contribution to the country’s economy. Self-employed individuals must be in a position to start and run a business that will keep them employed. They must also be able to play a part in the development of cultural activities. An immigrant with the capacity to buy a farm in the country and manage it also qualifies for the business class of Canadian immigration.
Requirements for Entrepreneurs
In the case of investors or entrepreneurs, owning a share of a particular company will go a long way in proving experience. An investor looking to settle in Canada should be worth C$ 800,000 and willing to put at least half of that in a Canadian business. Entrepreneurs should be worth C$ 300,000 and possess management skills. An entrepreneur must have put up a business and employed at least one other person in a span of three years.
An immigrant who intends to apply for Canadian permanent resident status under the business class should learn of the additional requirements. There are numerous resources online that have the necessary information.
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