FAQ
Most frequent questions and answers
- A foreign investor with verifiable, transferable management experience.
- Sufficient assets to purchase the targeted business in Canada.
- Intermediate language abilities in either English or French to actively work as a manager in the business.
- The foreign investor identifies a Canadian business to purchase.
- A Labour Market Impact Assessment (LMIA) is submitted along with a suitable business plan.
- Once a positive LMIA opinion is issued, the foreign investor applies for a 12-24 months, renewable temporary work permit.
Once a suitable business is found, it will take 2-3 months to complete the LMIA application process. It will take less than 3-months in most jurisdictions, to receive a work permit.
There is no minimum wait time. During the first year of working in Canada, the foreign investor along with immediate family members can apply for permanent residence under a suitable program. The process can be completed in less than 12 months in most cases.
No. The above described process relies on the rules governing owner-operator policies, and other immigration programs to achieve the above described outcome.
Opportunities under formal investment-based immigration programs are very limited in Canada.
Most provincial investment-based residence immigration programs operate under an invitation to apply scheme. Most candidates must begin with a temporary work permit and then apply for permanent admission following the provincial approval. These programs take 12-36 months and often longer to conclude.
A foreign investor-entrepreneur, motivated to live in a particular area of Canada, can purchase a suitable business and relocate to that area of choice anywhere in Canada. This is far more advantageous than trying to meet specific provincial immigration programs and then hope to receive an invitation.
With the exception of the Quebec Immigrant Investor program, provincial investment-based immigration programs are becoming less attractive to foreign investor-entrepreneurs.
- A foreign investor with verifiable, transferable management experience.
- At least $500,000 to purchase the targeted business and move to Canada.
- Intermediate language abilities in either English or French to actively work as a manager in the business.
- For applicants with management or business experience, there is no specific condition to qualify for the work visa. This is much different as compared with a provincial entrepreneur immigration program.
- The spouse can apply for an open work permit.
- Dependant children under age 22 years can accompany the candidate and apply to study in Canada.
- This is the fastest route for initial entry to Canada.
- This is the fastest route to permanent residence in Canada.
- Work permits are renewable.
- Currently, there are no annual quota limitations.
Through our established network of licensed professionals and resources, we can help foreign investor-entrepreneurs to identify suitable businesses for sale in Canada. Once a suitable business for sale is identified and then purchased, we rely on our 60+-years of legal experience, recognized in the Canadian legal community, to complete the required immigration formalities.
There is no other more popular business-based immigration program in Canada offering a reliable pathway to Canada in a shorter time frame.