How to Immigrate to Canada and Start a Business
Being an entrepreneur is something that many aspire to be. But when attempting to immigrate to Canada, it can be difficult to navigate the immigration system as a business owner, as the immigration pathways differ from the traditional routes.
Fortunately, there are options available for entrepreneurs looking to set up shop in Canada.
Keep reading to learn more.
Intra-Company Transfer
An Intra-Company Transfer work permit is one option that enables entrepreneurs to expand their existing foreign business into Canada. While this program is most often used by large corporations looking to transfer staff to Canadian branches, entrepreneurs looking to move their operations to Canada can also apply.
In order to obtain an Intra-Company Transfer work permit, the following criteria must be met:
- The new Canadian business must pass a viability test, and provide financial information, evidence that a physical business location has been secured, and a business plan that includes hiring a minimum of one Canadian employee during the first year of operation.
- Both the foreign company and the Canadian businesses must have either a parent-branch, parent-subsidiary, or affiliate relationship.
- The person being transferred to manage the new Canadian business must have been employed by the foreign business for a minimum of one year. They must also have been employed in a similar full-time, senior managerial or executive position.
CUSMA Investor
The Canada-United-States-Mexico Agreement (CUSMA) Investor program is open to citizens of U.S. and Mexico looking to invest in a new or existing Canadian business.
CETA Investor
The CETA Investor program enables eligible European investors to live in Canada for one year, and does not require a Labour Market Impact Assessment (LMIA).
Entrepreneur/Self-Employed Work Permit
Foreign entrepreneurs that own at least 50 per cent of a seasonal Canadian business can apply for the Entrepreneur/Self-Employed work permit. This permit is also available to entrepreneurs that own a Canadian business but intend to live outside of Canada.
In order to be eligible, applicants must prove that their business will benefit Canadians economically, socially, and culturally.
Entrepreneur/Self-Employed work permit holders can obtain either temporary or permanent residence in Canada.
As you can see, with assistance from an experienced immigration lawyer, there’s no shortage of opportunities for foreign business owners looking for opportunities in Canada.
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Arghavan Gerami
Arghavan Gerami is the Founder and Senior Counsel at Gerami Law Professional Corporation ('PC'), a full-service immigration law firm in Ottawa, Ontario. Since 2011, Ms. Gerami has focused her practice on immigration and refugee litigation. Prior to that, Ms. Gerami worked at the Ministry of Attorney General and the Department of Justice and had the privilege of serving the Honourable Mr. Justice M. Evans at the Federal Court of Appeal on immigration and administrative law appeals. Ms. Gerami contributes to the Immigration Law Section of the Canadian Bar Association, the Canadian Association of Refugee Lawyers, and the United Nations High Commissioner for Refugees. Ms. Gerami has also published numerous journal articles and presented at various immigration and refugee law conferences and events across Canada.