Presently, there are three Federal streams for individuals with business managerial or executive experience and high net worth to apply for Canadian permanent residency:
the Self-Employed Persons Program, the Start-up Visa Program, and the Immigrant Investor Venture Capital Pilot Program.
You may qualify under the Self-Employed Persons Program if you have self-employment experience in cultural activities, athletics, or farm management, and are able to make a significant contribution to your field in Canada.
A qualified applicant under this Program must possess at least 2 years of experience in the last 5 years in one of the following categories:
Applicants are then assessed against five Selection Criteria and a point system, and must score a minimum of 35 points to qualify. These Selection Criteria are:
You may qualify under the Start-Up Visa Program if you intend to build a Canadian business with the support of a designated organization.
To qualify under this Program, you must first have your business proposal reviewed by a designated Canadian venture capital fund, angel investor group, or business incubator. You must provide a Letter of Support from one of these designated organizations showing one of the following:
Up to 5 applicants may apply as owners of a single business under this Program. Each applicant must hold at least 10 percent of the voting rights in the business, and the applicants and supporting designated organization must jointly hold greater than 50 percent of the voting rights in the business. Applicants must also meet language proficiency requirements (at least CLB Level 5) and show proof of sufficient settlement funds.
You may qualify under the Immigrant Investor Venture Capital Pilot Program if you are an individual with high net worth and are willing to make a non-guaranteed investment in the Immigrant Investor Venture Capital Fund.
To qualify under this Program, you must meet the following requirements:
Please note that the Immigrant Investor Venture Capital Pilot Program is no longer accepting applications at this time. We will provide updates on this Program when its next application period begins.
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