5 best ways to immigrate to canada

5 BEST WAYSFOR I NVESTORSTO IMM IGRATETO CANADA

ANDY SEMOT IUK

WWW.MYWORKVISA.COM

Improving Your Life Through ImmigrationSince 1974

Andy@mywo rk v i s a . com

PROVINCE OFQUEBEC IMMIGRANTINVESTOR PROGRAM

Pro: Security of funds and low cost of passive involvement

Con: Intensive paperwork showing source and path of funds


La belle province wants you (and your investment).

Invest about $600,000 ($800,000 Canadian) with the

government of the province of Quebec for five years, interest-

free.

In around 24 to 36 months, you obtain permanent residence

that entitles you and your immediate family to enter Canada.

The full amount is repaid to you from the government of

Quebec at the end of the five years.

PROVINCE OF QUEBECIMMIGRANT INVESTORPROGRAM


This is a passive investment in which your money is used by

Quebec for economic development.

The catch here is that you must agree to live in the province of

Quebec, for example in Montreal or Quebec City. That said, the

Canadian Charter of Rights and Freedoms guarantees mobility

rights and therefore makes it possible for investors to

subsequently move elsewhere in Canada.



If the $750,000 sounds steep, you can obtain a loan from a

financial intermediary. In this way, investors can divest

themselves of the burden of investing the $750,000 for five

years. The cost of the loan is just under $205,000 ($220,000

Canadian).

There is no age or education requirement for this program,

but the investor and family members must be in reasonably

good health.



SECTION 205WORK VISA

Pro: Control of the money and self-sponsorship

Con: Risks associated with a start-up, active involvement

required


This one involves running your own business.

The process entails incorporating your Canadian company,

registering with Revenue Canada, opening a Canadian bank

account for your company and depositing money into the

account for the company’s use.

You must develop a business plan that explains how your

investment will benefit Canadians, either economically,

socially or culturally.



Processing takes less than six months. After one year of

success in the business, you can apply under the Canadian

Experience Class for permanent residence.

This is also a good option to combine with a franchise

scenario, like a restaurant or hotel chain.



INTER -CORPORATETRANSFEREEWORK VISA

Pro: Cheap way to get permanent residence

Con: Requires support of a petitioning company


If you are transferred from your company abroad to an

affiliated Canadian company to work as a manager, executive

or person with specialized knowledge, you may be later

entitled to obtain Canadian permanent residence.

Think of a Shell Oil manager coming to Canada to run a

subsidiary plant at the oil sands in Fort McMurray.

INTER-CORPORATETRANSFEREEWORK VISA


A couple of conditions:

1. You must have worked for the affiliated company abroad for a

period of at least one year in the last three years.

2. Your job in Canada must be similar to the job you were

performing at home.

Assuming you qualify, you will get a work visa for up to four years.

Processing time for inter-corporate transferees is less than six

months. After one year, you can apply under the Canadian

Experience Class for permanent residence.

INTER-CORPORATETRANSFEREEWORK VISA


PROVINCIALNOMINEEPROGRAMS (PNP )

Pro: Large variety to choose from, priority processing

Con: Constantly changing rules, tied to province of

investment, hands-on involvement


PROVINCIAL NOMINEEPROGRAMS

Many provinces in Canada have their own business

immigration programs, known as Provincial Nominee

Programs (PNP). They work a little like the Section 205 Work

Visa. I’ll use the province of Prince Edward Island (PEI) as an

example.

PEI’s program requires you have a net worth of just under

$560,000 ($600,000 CAD), put up just over $185,000

($200,000 CAD) as a refundable security deposit, invest

around $185,000 ($200,000 CAD) in a business, have two years

of management experience in the last five years and meet

English language and minimum education requirements.



To succeed under the program, you effectively must travel to

PEI to meet with provincial officials and satisfy them of your

willingness to invest and live in PEI. The refund of your security

deposit is based on those assurances.

If your proposed investment in a local company is approved,

you are issued a provincial nominee certificate that provides

you with priority immigration processing. This results in

permanent residence, which in most cases takes 12 to 24

months.



Unlike the Section 205 and inter-corporate transferee options

above, PNP programs like the one in PEI skip work permits

and take the investor directly to permanent residence.

Other provinces that attract investors are BC, Manitoba and

Saskatchewan. Each of the programs are the same in spirit,

but their requirements may vary.


QUEBECENTREPRENEURPROGRAM

Pro: Small investment in a business leading to permanent

residence

Con: Active management of a business in the province of

Quebec is required



To be eligible for this program, you must:

- Have net assets of at least $280,000 (C$300,000).

- Have at least two years experience in running a business in

the last five years while controlling at least 25% of the capital

equity.

- Create or acquire at least 25% of the equity of a business in

Quebec by investing at least $94,000 ($100,000 Canadian).



Assessment of the application will take into account factors

such as:

- your age

- the nature and duration of your training

- your language skills

- your personal qualities and your knowledge of Quebec

The steps taken to acquire a business in Quebec or your ability

to carry out a business project will be the key element in your

assessment.


BENEFITS OF BECOMING ACANADIAN PERMANENT

RESIDENTCanada has the best educational systems in the world. Your children’s

tuition fee will be the same as a Canadian.

Publicly funded health system (Universal health care system)

Canada has the best overall quality of life in the world.

Canada is economically and politically stable with a peaceful

environment.

Clean environment with plenty of natural resources.

Gateway to North America Free Trade Agreement (NAFTA), providing

direct access to more than 400 million consumers.

https://www.myworkvisa.com/

Ove r t h e l a s t f o u r decade s a s animmig r a t i on a t t o r ne y Andy Semo t i u kha s he l ped o ve r 1 0 ,000 c l i e n t s w i thv a r i ou s l e g a l p rob l ems .

Andy Semo t i u k wo r k s w i th :

WWW .MYWORKV ISA .COM

ANDY J . SEMOT IUK I S A U .S . AND CANAD IAN IMM IGRAT ION LAWYER WITH

OFF ICES I N NEW YORK AND TORONTO . HE I S A PUBL I SHED AUTHOR ,

A FORMER UN CORRESPONDENT , AND A FORBES COLUMN IST WRIT ING

ABOUT IMM IGRAT ION .

LEARN MORE AT WWW .MYWORKV ISA .COM .

Investors, Executives, Professionals, and

Celebrities in the entertainment industry. Andy J. Semotiuk

Improving Your Life ThroughImmigration Since 1974

https://lnkd.in/eJq9i2t

https://www.myworkvisa.com/

5 best ways to immigrate to canada

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