Canada, the world’s second-largest country by total area, boasts stunning physical geography and dynamic, multicultural cities known for their tolerance and vibrancy.
Population: 38.5 million
Languages: English, French
Economy: Advanced, market-based
Currency: Canadian dollar
Canada is one of the world’s wealthiest nations, boasting a high per-capita income and a prominent trade market. The Canada Start-Up Visa Program is designed to grant permanent residence to entrepreneurs and active investors looking to establish or expand their businesses in Canada. Additionally, the Quebec Investor Immigration Program caters to international investors seeking a Quebec work permit, with the potential for obtaining permanent residence in Canada shortly thereafter.
Once accepted, you can take pleasure from the fact that you will be free to live permanently in a country consistently rated by the UN as the world’s best country to live in.
Furthermore, Canada is the world’s second biggest country, rich in natural resources including oil reserves second only to Saudi Arabia.
Despite the abundance of natural wealth, real estate in most Canadian locations has traditionally been cheap compared with other developed countries.
For foreign entrepreneurs seeking permanent residence in Canada, the pathway involves proposing an innovative startup endorsed by a recognized entity. Here are the options available:
- Business Incubation: No minimum investment is mandated.
- Angel Investment: Secure CAD 75,000 from an angel investment consortium, contingent upon the business’s developmental stage.
- Venture Capital Funding: Obtain CAD 200,000 from a venture capital firm, based on the business’s maturity.
In addition to these choices, applicants must be prepared for supplementary expenses covering consulting, governmental charges, business structuring, document processing, and immigration filings.
Moreover, candidates must meet the following criteria:
- Demonstrate proficiency in English or French at CLB/IELTS level 5.
- Maintain good health and possess a clean criminal record.
For those interested in Quebec’s Investor Immigration Program, the requirements differ:
- To secure an initial work permit in Quebec, and ultimately gain permanent residency, individuals must fulfill two investment obligations:
- Commit to a five-year, interest-free investment of CAD 1 million, backed by the Government of Quebec.
- Make a non-refundable contribution of CAD 200,000 to Investissement Québec.
Furthermore, Quebec investor applicants must:
- Accumulate at least two years of managerial experience within the five years preceding their application.
- Possess a net worth of at least CAD 2 million.
- Hold qualifications equivalent to a secondary school diploma in Quebec.
- Exhibit proficiency in spoken French, achieving at least level 7 competency.