Enterpriser

ENTREPRENEUR

To qualify as an Entrepreneur, the applicant must have the intention and ability to establish, purchase or make a substantial investment in a business venture in Canada that the person will manage on an active and ongoing basis. They will own and manage at least one third of the business, and contribute to the economy by maintaining employment opportunities in Canada for one or more Canadian citizens or permanent residents, other than the entrepreneur and his/her dependants. The Entrepreneur must also have business experience, either having managed a qualifying business or controlled a minimum percentage of its equity. Lastly, the immigrant must settle in a particular province and establish his business there during the first 2 years from landing. Each province imposes its own investment requirements and labour regulations.

THE PRINCIPAL CHARACTERISTICS UNDER THIS CATEGORY ARE THAT THE IMMIGRANT:

  •   is issued a conditional visa stating that he/she must establish a business, employing at least another Canadian within two years
  •   establishes a business consistent with his/her experience and which is viable in Canada (e.g.: that there exists a significant market)
  •   should have a net worth of at least $300,000 CDN so as to have a good chance of success
  •   does have to invest a minimum amount (generally ranging from $100,000 to $250,000)
  •   has direct and continuing control over their investment
  •   generally must reside in the province outlined in their application
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