Five (5) Key Ways to Get Canada PR by Investment in 2024

January 4th, 2024 at 12:07 am

Five (5) Key Ways to Get Canada PR by Investment in 2024

Foreign entrepreneurs, business owners, and investors can get permanent residency in Canada through investment visa programs. Canada’s robust economy makes it an ideal location for investors and entrepreneurs. However, no specific immigration procedure permits anyone to gain permanent status in Canada through investing.

To get Canadian permanent residency, many Canada Investment Visa schemes involve active investment in a firm. There are other ways to invest in a Canadian firm and receive a Canada PR Visa other than this.

This post explains how to get Canadian PR by investing in a business.

How to Obtain Canada PR Through Investment?

Foreign business owners, investors, entrepreneurs, startups, and self-employed persons are eligible for Canadian investment visa programs. Foreign individuals and their families can seek permanent residency in Canada by expanding their home business to Canada, investing in an existing Canadian firm, or starting a new one.

The majority of Canadian investor immigration channels follow a five-step process to achieve Canadian PR and Citizenship through Investment.

• Invest in or Start a New Business in Canada
• Get an Entrepreneur Work Permit and
• Run a Business While Living in Canada
• Request Permanent Residency
• Apply for Citizenship in Canada

Here are several investment opportunities for entrepreneurs and investors that may assist them in obtaining Canadian PR through investing:

Intra-Company Transfer Visa (C12 Visa)

Canada used to have an immigration option known as Owner/Operator LMIA, which was phased down by the IRCC on April 1, 2021. The Owner/Operator program’s closest equivalent is the Intra-Company Transfer Visa Canada.

ICT is a one-of-a-kind federal program within the International Mobility Program that enables international business owners to expand their operations into Canada. Candidates can apply for permanent residence after one year of effectively operating their business in Canada.

They can establish a firm in Canada and obtain an LMIA-exempt work visa as a senior executive. They can then apply for permanent residency in Canada. In addition, the ICT track will allow the principal applicant’s spouse and children open work and study permits. It gives them the right to work and study in Canada.

The Advantages of Intra-Company Transfer Visa

• You can live and operate your business in Canada.
• Bring your family along.
• Children in the Canadian public school system receive a free education.
• There is no requirement for a minimum investment.
• There is no requirement for actual presence.
• faster procedure
• Options for permanent residency in Canada

Here’s a step-by-step process for moving from intra-company transfers to PR Canada.

C11 Work Permit

Another Federal immigration route within the International Mobility route is the C11 Entrepreneur Stream, also known as the C11 Work Permit. This particular stream is for people who want to invest in or start a business in Canada. After one year of operation, successful C11 stream candidates will be eligible to apply for permanent residency.

The C11 work permit is normally valid for two years and can be extended if the business in Canada is active and profitable. Assume you want to start or invest in a firm in Canada. In that situation, you should consult with a professional company immigration specialist because not all businesses will be eligible for the program.

A C11 Work Permit has no minimum investment requirement. You can use our Business Assessment tool to get a better understanding of the minimal investment necessary for this program.

Entrepreneur LMIA

There is a distinction between the LMIA-exempt work permits, C12 Visa, and C11 Visa that was stated earlier and the Entrepreneur LMIA, which is also known as the Owner-Operator LMIA. In Canada, it makes it possible for business owners, entrepreneurs, and investors to submit an application for the LMIA and enter the entrepreneurial world.

LMIA of the Entrepreneur The Work Permit stands out due to the fact that the application process takes only two to three months to complete. It is possible for them to get employment in Canada, either as managers of their own companies or in any other company in Canada. After two years of work experience, they are eligible to apply for permanent residence if they are employed full-time.

There is also no minimum investment needed for this course.

Business-Oriented Provincial Nominee Program (PNP)

Each Canadian province wishes to recruit international business owners and investors to strengthen the province’s economy. These provinces provide a variety of Business PNP alternatives, which allow individuals to invest in certain firms and then apply for permanent status. Let’s take a look at each of these possibilities:

• British Columbia
• Alberta
• Ontario
• Saskatchewan
• Manitoba
• Nova Scotia
• Prince Edward Island
• New Brunswick

Québec Investor Programs

Québec provides three immigration options for investors.

Quebec Immigrant Investor Program

Those investors who are interested in investing in a company located in Quebec are eligible to participate in the Quebec Immigrant Investor Program. In spite of the fact that the government of Quebec has put a stop to this program until April 1, 2023. The Quebec Golden Visa is the name that is most widely used to refer to this program.

Minimum Investment Requirement: $1,200,000

Quebec Entrepreneur Program

This program is designed for those who want to start and run an innovative business in Quebec with the assistance of a support group. The program is split into two streams, each with its own set of eligibility conditions.

Minimum Investment Requirement: Variable

Quebec Self-Employed Worker Program

This program is for people who want to work for themselves in Quebec. Please visit the official website to learn more about the Quebec Self-Employed Worker Program requirements.

Minimum Investment: $25,000 or $50,000, depending on location.

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