Sunday, April 09, 2006

What is the Business Immigration Program?

The Business Immigration Program seeks to attract experienced business people
to Canada who will support the development of a strong and prosperous Canadian
economy.

Business immigrants are expected to make a $400,000 investment or to own and
manage businesses in Canada.

Canada has three classes of business immigrants, each with separate
eligibility criteria: investors, entrepreneurs
and self-employed persons. Each application can be made for
only one class and once the application is submitted, the class cannot be
changed.

Who Qualifies as a Business Immigrant?

Business immigrants are selected based on their ability to become
economically established in Canada.

Investors

The Immigrant Investor Program (IIP) seeks to attract experienced business
persons and their capital to Canada. Investors must demonstrate business
experience and a legally obtained minimum net worth of CAN $800,000, and must
make an investment of CAN $400,000.

Entrepreneurs

The Entrepreneur Program seeks to attract experienced business persons who will
own and actively manage businesses in Canada that contribute to the economy and
create jobs. Entrepreneurs must demonstrate business experience and a minimum
legally obtained net worth of CAN $300,000, and are subject to conditions upon
arrival in Canada.

Self-employed persons

The Self-Employed Persons Program seeks to attract applicants who have the
intention and ability to become self-employed in Canada. Self-employed persons
are required to have either (a) relevant experience that will enable them to
make a significant contribution to the cultural or athletic life of Canada, or
(b) experience in farm management and the intention and ability to purchase and
manage a farm in Canada.


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