Under the Canadian entrepreneur immigrant programme, successful foreign businessmen can gain permanent residence in Canada, thus contributing to the economic development of the country. The Entrepreneur Visa is one of the ways to immigrate under the Canadian business immigration programme, which also comprises the Immigrant Investor Programme and Self-employed Immigrant Visa. A Canadian visa for businessmen cannot be changed once the application has been submitted; therefore if you have already forwarded your application for an entrepreneur visa, you are not allowed to switch to another type of business visa.
An Entrepreneur Visa grants permanent residence and the right to take any job in the country. With this type of Canadian visa, entrepreneurs can apply for Canadian citizenship after three years of residence. The Canada visa is granted on a point-based system, which takes into account the educational qualifications, entrepreneurial experience and English language proficiency of applicants.
The scoring system for educational achievements is as follows:
• 25 points for a postgraduate degree with 17 years of full-time study.
• 22 points for a Bachelor’s degree with 15 years of full-time study.
• 22 points for a three-year diploma, vocational training and apprenticeship programme with 15 years of full-time study.
• 20 points for a Bachelor’s degree with 14 years of full-time study.
• 20 points for a two-year diploma, apprentice programme and vocational training with a minimum of 14 years of full-time study.
The Canada visa requires at least two years of business experience and net assets of C$300,000 or more. Candidates are expected to take over one-third of the assets of a business for at least one year, which should generate at least one job for a Canadian national, excluding any Canadian relatives of the visa applicant.
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