Canada Immigration

Business Migrants

• He has substantially good net worth. Net worth of the applicant may include the properties valued at current market prices, investments in shares and stocks or savings that can be demonstrated through balances against fixed deposits and saving accounts. These assets and savings may be in the name of either the applicant and / or spouse and / or children. Those candidates meeting the net worth requirements of around Canadian dollar 3,00,000 are likely to be preferred (one Canadian dollar is equal to a approx INR - 30).
• The applicant should be able to demonstrate the business / management experience through supporting documents.
• Such supporting documents may include the finance statements related to the business including balance sheets/profit & loss account and business tax returns.
• It is expected that the applicant has reasonably good English communication skills.
• The Visa's are issued for the entire family and the applicant is expected to start up a Canadian business within an identified time frame. Currently the time frame is around two years and may be increased to three years in near future.
• There is not maximum age limit criteria applicable for entrepreneur category applicants.
• It is normally expected that the applicant can demonstrate his earnings through personal tax returns filed in the recent past as also for the past business experience.
• The business being run in India may be Proprietary, Partnership or Corporate in nature.
• The applicant should be able to make required investments in Canadian business in post landing in Canada.
• It is expected that the Canadian business initiated by the applicant will at least appoint one Canadian resident or citizen.

To Qualify a successful Entrepreneur Class applicant is one who has:

• Managed a qualifying business and has controlled a percentage of equity of the qualifying business for at least two years in the period beginning five years preceding the application; and
• Possesses a personal net worth of C$300,000 legally obtained (assets may comprise of inheritances as well as the assets of a spouse/common-law partner/same-sex partner) and
• Undertakes to control at least 33% of the equity of a qualifying Canadian business and provide active and ongoing management of the qualifying Canadian business that will create at least one incremental full-time job (37.5 hours per week or more) for Canadian citizens or permanent residents, other than the entrepreneur and their family members. This condition must be fulfilled for a period of one year within the period of three years after the day on which the entrepreneur becomes a permanent resident. This is known in the industry as meeting entrepreneurial terms and conditions.

With respect to the first condition above, the qualifying business must meet any two (2) of the following criteria:

ENTREPRENEUR CLASS - Qualifying Business Criteria
	ATTRIBUTE	PERCENTAGE OWNERSHIP OF BUSINESS
		100%	50%	20%
(i)	FULL-TIME EMPLOYEES	2	4	10
(ii)	SALES (CAD)	$500,000	$1,000,000	$2,500,000
(iii)	NET INCOME (CAD)	$50,000	$100,000	$250,000
(iv)	EQUITY (CAD)	$125,000	$250,000	$625,000

With respect to the third condition above, the Entrepreneur Class applicant must operate a Canadian qualifying business for a period of at least one year within the period of three years after the day on which the entrepreneur becomes a permanent resident.

Qualifying Canadian Business
	ATTRIBUTE	PERCENTAGE OWNERSHIP OF BUSINESS
		100%	50%	20%
(i)	FULL-TIME EMPLOYEES	2	4	10
(ii)	SALES (CAD)	$250,000	$500,000	$750,000
(iii)	NET INCOME (CAD)	$25,000	$50,000	$75,000
(iv)	EQUITY (CAD)	$125,000	$250,000	$375,000

Failure to establish a Canadian qualifying business can result in the deportation of the applicant and landed dependants.