TEMPORARY STATUS / BUSINESS IMMIGRATION
ENTREPRENEURS
An applicant who is intending to settle in Canada as
an entrepreneur must demonstrate that he/she has legally
obtained a networth
of at least $300,000 CDN and has the intention to control
a percentage of equity of a qualifying
Canadian business equal to or greater than 33 and
1/3 % and provide active and ongoing management of the
business that will create one incremental full-time
job equivalent for Canadian citizens and permanent residents.
Besides, the applicant must have business or management
experience and must have controlled a percentage of
equity of a qualifying
business for at least two years in the period beginning
five years preceding the application.
The five-year full-time business experience is granted
the maximum 35 points. In addition to the work experience
evaluation, the applicant is assessed against four selection
factors such as age, adaptability, language skills,
and education. The pass mark for these business class
immigrants is 35, whereas the maximum possible score
is 100 points. The pass mark is variable and is determined
by the Minister of Citizenship and Immigration Canada
on an ongoing basis.
The difference between two business programs –
the investor and entrepreneur - is that the potential
entrepreneur is obliged for a period of one year within
the period of three years after the day on which he/she
becomes a permanent resident to control and manage a
qualifying Canadian business. Failure to comply with
this requirement can result in an inquiry leading to
the deportation of the applicant and landed dependents.
Fee schedules:
*Fee for processing of the application:
$1050 for the applicant
$550 for spouse or common-law partner and each dependent
child over 22 years
$150 for each dependent child under 22 years
**Right of permanent residence fee (Landing visa):
$490 CDN for the applicant and for spouse or common-law
partner and for each dependent child over 22 years
*The fee is not refundable
** The fee is refundable if CIC did not issue a visa
due to problems with criminal records or medical examination.
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