The Start-up Visa Program launched by the Canadian government is designed to attract entrepreneurs who have the potential and the requisite skills to create local startups that are:
1. New and innovative
2. Job generating
3. Globally competitive
Entrepreneurs with innovative business propositions can (1) acquire support from qualified organizations and (2) consequently, officially immigrate to Canada.
Canada makes for an idea market to start and build a business because of the following:
1. Robust economy
2. Low operating costs
3. Low taxation rates
4. Globally competitive research and innovation
5. Exceptionally high quality of life
Nova Scotia is the seventh most populous province of Canada and is one of the eastern Canada’s Maritime provinces on the Atlantic Ocean which adds to the beauty of the province. It’s a majority English speaking province. Halifax is the capital of Nova Scotia which is dominated by the star-shaped Citadel and is known for its lively waterfront and Victorian-era Public Gardens. The cost of living in Nova Scotia is quite affordable, falling below the Canadian average, which makes it an ideal location if you want to make an investment in Canada for citizenship. And, it has various universities which are well known in the globe such as Dalhousie University, Acadia University, Saint Mary’s University etc. Apart from that, the province experiences moderate temperature due to its proximity to the water.
The Entrepreneur Stream under the Novia Scotia Nominee Program (NSNP) is an immigration program designed to attract experienced business owners, senior business managers, and long-time entrepreneurs who are interested in establishing or acquiring a business in Nova Scotia, Canada. This is available to those who are looking to be active in managing the day to day operations and general direction of the business.
After a year of active participation in operating the business, the entrepreneur can qualify for a permanent residence visa. However, it is important to note that application to the stream is only available through invitation.
Key Information:
Eligible candidates are:
• At least 21 years of age
• Open to living in Nova Scotia permanently, alongside owning and actively participating in the management of a local business
• Assigned a net worth value of $600,000 CAD minimum
• Able to invest $150,000 CAD minimum of their own money to start a local business
• Experienced in managing and owning a business (minimum 3 years’ experience with at least 1/3 business ownership), or experienced in senior business management roles (minimum 5 years’ experience)
• Sufficiently proficient in listening, reading, speaking, and writing in French or English (Overall score of 5 in the Canadian Language Benchmark
• Holders of a completed Expression of Interest
• Holders of an Invitation to Apply provided by the Nova Scotia Office of Immigration
ADVANTAGES OF SETTING UP A BUSINESS IN CANADA
• Low taxation rates
• Low operating costs
• Globally competitive research and innovation
• Exceptionally high quality of life
RESIDENCY BY INVESTMENT: SASKATCHEWAN
Availing Residency in Saskatchewan through Investment
Located in the Prairies Region of Canada is its sunniest province, Saskatchewan. The province is famous for its vast stretches of open plains, stunning natural landscapes and idyllic modern cities. With a robust local economy and a low employment rate (the lowest in the country), Saskatchewan promises a comfortable and high standard of living.
Cost of living and housing are more affordable in Saskatchewan, matched with a diverse range of job opportunities in various sectors such as agriculture, finance, insurance, real estate and mining. Saskatchewan has a multicultural domestic population, with 35 percent living in rural areas and most living in its two key cities, Regina, the capital, and Saskatoon, its largest city.
LEGAL FOUNDATION OF PERMANENT RESIDENCY
Saskatchewan encourages immigrants to contribute to their local economy through the Saskatchewan Immigrant Nominee Program (SINP). It includes an Entrepreneur Category which offers attractive benefits for entrepreneurs who are interested in owning or operating a business in the province. Approved applicants will enjoy numerous advantages, including low taxes, low business costs, and access to world-class infrastructure and R&D.
KEY INFORMATION:
• Minimum net worth of $500,000 CAD
• Minimum 3 years of entrepreneurial experience within the last 10 years
• Minimum $300,000 CAD equity investment in Regina or Saskatoon; or minimum $200,000 CAD equity investment in another Saskatchewan community
• Ownership of at least one-third of equity in a business in Saskatchewan, except if you have total investment of $1 million CAD or higher
• Options include establishing a new business, purchasing an existing business, forming a joint venture with another SIP applicant, or entering a partnership with a Permanent Resident / Canadian Citizen
RESIDENCY BY INVESTMENT: MANITOBA
Availing Residency in Manitoba through Investment
One of the three prairie provinces of Canada, Manitoba is home to a diverse range of wildlife, greenery and natural wonders, with picturesque sceneries ranging from rolling fields to rugged coastlines. Its two famous cities are Winnipeg, the largest and capital city of the province, and Churchill, known to be the Polar Bear Capital of the world.
Rich in natural resources and fertile soil, Manitoba boasts of a strong diverse economy that includes manufacturing, agriculture, energy and environment, mining, tourism, creatives, financial, and information and communication technologies. Canada’s largest manufacturing and industrial facilities can also be found in Manitoba.
LEGAL FOUNDATION OF PERMANENT RESIDENCY
The Business Investor Stream (BIS) is Manitoba’s program for encouraging qualified international investors and entrepreneurs to establish or purchase / acquire a business in its province. It is formerly known as the Manitoba Provincial Nominee Program for Business (MPNP-B).
BIS works under an “Expression of Interest” system. Applicants / eligible candidates must submit their intention to apply to the program by registering and creating an online profile.
KEY INFORMATION
• Minimum net worth of $500,000 CAD
• Minimum 3 years of professional experience in the recent 5 years, either as a full-time active business owner or full-time senior manager
• Minimum investment of $250,000 CAD if business is within Manitoba Capital Region
• Minimum investment of $150,000 CAD if business is outside Manitoba Capital Region
• Minimum education requirement is an equivalent of Canadian high school certificate
• Business plan is required
RESIDENCY BY INVESTMENT: QUEBEC
Availing Residency in Quebec through Investment
Quebec is Canada’s largest province by land area and the second most populous. A former French colony for more than 200 years, Quebec is famed for its well-preserved French heritage, and is the only province with French as the official provincial language.
Today, Quebec has one of the strongest and fastest growing economies in Canada. It is the country’s second largest producer of gold, and the world’s second largest niobium producer. Tourism is another important part of its diverse economy. Each year, Quebec draws in more than 26 million tourists, generating up to 2.5% of Quebec’s income.
With a booming economy and multiple business and job opportunities, Quebec has become an ideal place to live in for many people. Its residents enjoy a high quality of life, quality education, advanced infrastructure and transportation, economic stability, and a lower cost of living.
LEGAL FOUNDATION OF PERMANENT RESIDENCY
Established in 1986, the Quebec Immigration Investor Program (QIIP) offers qualified applicants and their families the chance to immigrate to Canada and settle in the province of Quebec. Funds generated through the program is invested in local small and medium businesses.
QIIP is a passive type of investment. Once the required investment has been made, the applicant is not required to function on a managerial role. Successful applicants and their families can have permanent residency and enjoy the same benefits as that of Canadian citizens.
KEY INFORMATION
• Minimum net worth of $1.6 million CAD (should be obtained through legal means and should have legal documents / proof)
• Government guaranteed investment of $800,000 CAD should be made in Quebec (the amount will be returned in full after 5 years with 0 interest)
• Minimum 2 years of active entrepreneurial or senior management experience in the past 5 years
• Intention to settle in Quebec Province
• Medical examination and security background check included
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