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Home >> Visa Informations Canada >> Entrepreneurs of Canada


Enterpreneurs of Canada

Aspiring applicant under this category should: Have sufficient experience to own and actively manage such a business in Canada which can generate job opportunities for unemployed Canadians.
Have minimum net worth of C$ 300,000/-.

And above all they are further subject to conditions upon arrival in Canada.

Business in Canada means, a business operated in Canada by an entrepreneur - other than a business operated primarily for the purpose of deriving investment income, such as interest, dividends or capital gains - for which there is (in any year within the period of three years after the day the entrepreneur becomes a permanent resident) documentary evidence of any two of the following:

(a) the percentage of equity multiplied by the number of full-time job equivalents is equal to or greater than two full-time job equivalents per year;

(b) the percentage of equity multiplied by the total annual sales is equal to or greater than $250,000;

(c) the percentage of equity multiplied by the net income in the year is equal to or greater than $25,000; and

(d) the percentage of equity multiplied by the net assets at the end of the year is equal to or greater than $125,000.

The term conditions upon arrival in Canda means: The entrepreneur

(a) Must control a percentage of the equity of a qualifying Canadian business equal to or greater than 331/3 per cent;

(b) Must provide active and on-going management of the qualifying Canadian business; and

(c) Must create at least one incremental full-time job equivalent in the qualifying Canadian business for Canadian citizens or permanent residents, other than the entrepreneur and their family members.

The entrepreneur must meet the aforesaid conditions for a period of at least one year and provide to an officer evidence of compliance with the conditions within the period of three years after the day on which he / she becomes a permanent resident. Further to this an entrepreneur must also provide to an officer:
(a) not later than six months after the day on which he becomes a permanent resident, his residential address and telephone number; and

(b) During the period beginning 18 months after and ending 24 months after the day on which he becomes a permanent resident, evidence of his efforts to comply with the conditions.

Family members of an entrepreneur are subject to the condition that the entrepreneur meets the conditions as above.

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