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Benefits of Canada Business Visa for Entrepreneurs
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Benefits of Canada Business visa for Entrepreneurs
INTRODUCTION Mostcountriesacrosstheglobeareablyfighting economicandhealthcrisescausedduetothe pandemicin2020. Canada, oneofthetop economies of the world economicsetbackhascomeupwithasolid plan. Aspartofitsplan, itintendstoinvite around400,000immigrantsintothecountry throughvariousprograms. Thistheyintendtodo forbelowreasons – to overcome its 1. Toincreasetheinflowoffundsthrough immigrations Toaccumulatetherightknowledgeand talentwithinthecountryforfuturegrowth; botheconomicallyandculturally 2.
OfthenetmigrantstoCanada, atleast1/3rdofthemareIndians. In2016, 38,000IndiansmovedtoCanadawhilein2019alone85,000Indians migratedtoCanadathroughthevariousCanadaPRprogram. TherearemultiplepathwaystomigratetoCanada. Whilealotof programssupportskilledprofessionals, quiteafewprogramshavebeen introducedforentrepreneursintendingtoinvestinsomesortofbusiness inCanada. Therearequiteanumberofstandingexamplesofsuccessful entrepreneurswhorelocatedtoCanadafromabroadtosetuptheir businessandrunitsuccessfullythere. Canadainvestmentimmigration programshavebeenincreasinglygainingimportanceintherecent times.
TheCanadaInvestmentimmigrationprogramsaremulti-facetedand providemultiplebenefitsfortheinvestors. 1. Migration for a Purpose – Canadainvestmentimmigrationprograms requirethatthepersonmigratestoCanadawithanintentiontoinvestin thebusinessofthecountry. Throughtheseinvestments, youasan investorwouldbecontributingtotheeconomyofCanadaandgenerate jobsforthelocalsthere. Thesepointsneedtobeaddressedearlyon whenyouwouldbepreparingthebusinessplantobepresented.
2. Infrastructure in Canada – Anothermajorbenefittorelocateto Canadaistheinfrastructureavailableinthecountry. Thecountry providesextensivesupporttostart-upsandinvestorsinvestingin runningbusinessesthere. FromOntariotoBritishColumbiatoNew Brunswick, everyprovincehassetuptheiraidstosupportbusinesses there. Thecountryprovideslatesttechnologytoolsforbusinessestorun smoothwhilealsoeasingtheprocessthere. Approachimmigration expertswhoareregisteredICCRCconsultantstohelpyouwiththe process.
3. Access to North American Markets – Settingupbusinessin Canadaisbeneficialandonesuchbenefitsistheaccesstomajorworld marketslikeUSA, MexicoandEuropeancountries. 4. Cost of running business – thecostsofrunningabusinessin CanadaismuchlesserincomparisontoUSA. Andyetthebusinessmen willhaveaccesstothemarketsofNorthAmerica. BothlivinginCanada andrunningabusinessthereisconvenientandcosteffective.
5. Availability of resources – Canadahasabundantlandandrequired resources. Torunabusiness, itisthepeopleinvolvedwhomatterthe most. Canadahasoneofthestrongestworkforcesandcanprovetobe aneasysolutionforthebusinessestoacquireandgrow. 6. Permanent Residency - Mostinvestmentimmigrationprogramsin CanadacanhelpyouobtainpermanentresidencyinCanada. Itisoneof thebestinvestmentvisasintheworld.
7. Leads to citizenship – OnceyouobtainCanadaPR, iteasilyleadsto yougainingyourcitizenshipinthecountry. WithCanadacitizenshipor Permanentresidencyyougetaccesstonumeroushealthcarebenefits andeducationalbenefits 8. Family programs – YoucouldrelocatetoCanadaalongwithyour familywhichincludesyourspouseandyourchildrenandtheyenjoythe samebenefitsasyourselfwhenlivingthere.
The below are few of the top investment immigration programs you could utilize – 1. Canada Start-up Visa program – CanadaStart-upVisaprogramis avividconceptwhereinterestedentrepreneurswillbepresentingtheir businessplanandwillneedtoearnaletterofSupportfromdesignated organizations. Thebusinessideaspurportedbytheentrepreneursshould beaviableoneandshouldbescalable. Theentrepreneurcanpartner withotherenthusiaststoapplyfortheprogram. Thereareasetof Canadastart-upvisarequirementsthathavebeendefinedandthe entrepreneurswillneedtoadheretothesame. Onesuchrequirementis theexperience. Entrepreneurswillneedtohaveacertaindegreeof experienceinrunningabusiness. Apartfromobtainingthesupportfrom thedesignatedorganizations, youwillneedtotakeupthemandatory languagetestandproducedocumentsprovingthatyouarecapableof supportingselfandyourdependentsfinanciallywhilelivinginCanada.
2. Provincial Nomination Entrepreneur Program – OrBusiness Immigrationprogramisanothermajorstreamforinvestorslookingto investinCanada. Mostprovincesparticipatingintheprovincial nominationprogramoffertheirownEntrepreneurstream. Provinces throughthePNPsidentifyandchoosetherightpersonnelwhocouldfit intotherespectiveprovinceandprovidethemanominationthus increasingtheirCRS. Provinceshaveadefinedprocesstoallow entrepreneurstomoveandset-uptheirbusinessthere. Investorscan choosetoinvesteitherinabusinessintheprovinceorcandecideto investinthefarmlandorinagribusiness. Eitherofthetwowouldrequire thattheinvestorprovideasuitablebusinessplanandhowhewouldbe implementingthesame.
3. LMIA Owner-Operator Program – Throughthisprograminterested entrepreneurscanpurchasebusinessinCanadaandobtainatemporary workvisawhichcouldlaterbeconvertedintopermanentresidency. It wouldtake2to3monthsfortheowneroperatortogettheirtemporary workvisa. Inallthese, whatreallymattersisyourpartnerwhoishelpingyouinthe process. Theyshouldbeyourguideandshouldsupportyourcause. You willneedtoapproachanimmigrationfirmwhichisrecognizedasthe bestConsultancyforPRinCanadatohelpyou. SOURCE: canada-business-visa-for.html https://blog.xiphiasimmigration.com/2021/03/benefits-of-
CONTACT US! ADDRESS XIPHIAS IMMIGRATION PVT LTD 8th Floor, B.M.T.C / T.T.M.C Building, 6th Block,Koramangala, Bangalore-560095. EMAIL immigration@xiphias.in WEBSITE www.xiphiasimmigration.com PHONE, WHAT'S APP NUMBER +91-9019 400 500, +91-9886950101