Notifyvisa website has details of Canadian Permanent Residency. As one of the world’s top trading nations with a high per capita income, Canada created the Start-Up Visa Program for entrepreneurs and active investors in startups and growing businesses. This program offers permanent residence to those who want to establish a presence in Canada. Global investors can also apply for a Quebec work permit and potentially gain permanent residency soon after through the Quebec Investor Immigration Program.
Benefits of Investing in Canadian Permanent Residency:
- High quality of life
- High-quality, reasonably priced healthcare and education
- Including family in the application
- Cities that are vibrant, tolerant, and multicultural
- Outstanding location for business, with access to the whole North American market
- Minimal conditions for applications, including no minimum age, no minimum net worth, and no necessity for higher education
Requirements for the Start-Up Visa for Canada:
Foreign entrepreneurs must propose and have approved by a designated institution an innovative, scaling start-up business to be granted permanent residence in Canada.
Select one of the choices below:
- Growing a business: No minimum investment needed
- Angel investment: Depending on the stage of the firm, obtain CAD 75,000 from an angel investment organization.
- Venture capital fund: Depending on the stage of the firm, raise CAD 200,000 from a venture capital fund.
The optional advice, government fees, business structure, document processing, and immigration filing come with extra costs for all three alternatives.
It is also necessary for investors to:
- Possess language skills in either French or English at the CLB/IELTS 5 level
- Stay well
- Have no criminal history
Key Requirements for Quebec Investor Immigration:
The following two investments must be made by candidates to receive a first work visa in Quebec, which leads to permanent residence:
- CAD 1 million invested for five years at no interest, with the Quebec government guaranteeing it
- 200,000 CAD non-refundable donation to Investissement Québec
It is also necessary for investors to:
- Possess a minimum of two years of managerial experience, which they must have obtained in the five years before submitting their application.
- Possess a minimum of CAD 2 million in net worth.
- Own a degree that qualifies as a secondary school diploma in Quebec
- Know how to communicate in French (at least at level 7)
Procedures and time frame of Canadian Permanent Residency by Investment:
Clients applying for the Start-Up Visa Program must draft and submit a business proposal, which must be accepted by a specific government business organization. Upon approval by a venture capital fund, angel investment group, or business incubator, contingent on the investment option selected, the client is issued a letter of support that enables them to apply for permanent residence with their family. 12 to 37 months pass during the process.
The Quebec government will process the client’s application under the Quebec Investor Immigration Program, and once approved, the investment can be made. It is necessary to remain for at least 12 months within the first two years after the work permit is issued. The primary applicant is required to stay for a minimum of six months, and they or their spouse may stay for an additional six months. The first work permit application process takes around a year, and the permanent residence permit application process takes another year.
Physical presence in Canada for two of the five years (or 730 days) is necessary to retain permanent residence status.
Obtaining Citizenship in Canada:
Successful applicants may seek citizenship after three years (or 1,095 days) of continuous permanent residence in Canada throughout a five-year term.
According to the Henley Passport Index, the Canadian passport is ranked among the top ten, granting holders access to over 180 international locations without the need for a visa.
Overview of Canadian Permanent Residency:
The Notifyvisa website details Canadian Permanent Residency, highlighting the Start-Up Visa Program for entrepreneurs and the Quebec Investor Immigration Program for global investors. Benefits include high quality of life, affordable healthcare and education, and vibrant, multicultural cities. Key requirements involve business proposals, language skills, and investment thresholds. Citizenship can be pursued after three years of continuous permanent residence.
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