There is a myriad of reasons to move to Canada. It could be the higher quality of living there, or maybe you want to be closer to your family. Whatever that reason might be, if you’re planning to move to Canada, you might be wondering what you can do to gain permanent residence there. Well, if you have a business mind, you have a few options.
1. Purchase a Business in Canada
If you have plenty of money to spare, you’re given a choice to purchase a business in Canada and then move in. This is possible through the use of a temporary work visa, all thanks to the owner-operator policy. That said, you can also set up a brand new business if you don’t want to buy one. Either way, you’ll qualify for a work permit.
If you maintain the business even for just less than a year in the country, you, as well as your family who moved in with you, can then transition to permanent residency status.
2. Start-Up Visa Program
If you’re an entrepreneur, another way you can gain permanent residence in Canada is through the Start-Up Visa program. The program is aimed at bringing in qualified entrepreneurs and linking them up to a private sector organization in the country.
If you’re picked, you don’t have to worry too much about dealing with everything yourself. In the process of setting up your business, you’ll receive expert guidance to ensure that your business is set up successfully and that you’re operating well. However, be aware that you won’t receive financial assistance, so you will need money to support yourself and your family. This money cannot be borrowed from anyone either, so you will need to be financially stable before taking on this route.
3. International Mobility Program
This program was designed to allow multinational companies to transfer foreign workers. In other words, under the international mobility program, you’re given the option to become an intra-company transferee. In this case, you’re being transferred to Canada, and that can also include your family.
When you’re transferred, you receive an intra-company work permit to work in Canada. However, you will still have to apply for a Labour Market Impact Assessment (LMIA) for a work permit that’ll land you PR after a while. However, if you do not want to apply for LMIA, there are a few qualifications you need to fulfill.
For example, you will need to be employed in a similar position for at least a year in the last three years. Another example would be that you’re employed in a company in Canada that shares the same parent company as your previous job.
While there are a few ways to land yourself and your family permanent residence in Canada, going through the process can be quite challenging if you aren’t prepared for it. Because of this, we always recommend that you do plenty of research and prepare all the documents you need to make the process as smooth as possible. However, if we might, we will always recommend that you work with a professional to help you through the process. More often than not, the entire process becomes much easier, and you will land your PR in less than a year.
Need help immigrating to Canada? We have Canada immigration consultants in Toronto. Get in touch with us and find out how we can help you!