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IMMIGRATE TO CANADA : ENTREPRENEUR (BUSINESS CLASS)

How to Qualify for Canadian Permanent Residence – Entrepreneur (Business Class)

Citizenship and Immigration Canada (CIC) selects business immigrants based on their ability to become economically established in Canada.

Canada has three categories of business immigration, Investors, Entrepreneurs and Self-Employed.

More information on how to qualify for Entrepreneur Business Class

To qualify as an Entrepreneur: This program seeks to attract experienced businesspersons that will own and manage businesses in Canada that will contribute to the economy and create jobs.

How Can Abrams & Krochak Help Me?

  • Nearly 100% of our clients are granted access to Canada.
  • We are one of the largest full service immigration law firms in Canada
  • Working with a Canadian immigration lawyer will significantly speed up the application process and get you to your new home sooner

What's Next?

Find out if you Qualify for Canadian Permanent Residence.

Answer a few simple questions and we will tell you if you qualify as a business immigrant Free Canada Immigration Eligibility Assessment

Introduction

Business class immigration includes the Entrepreneur Program which seeks to attract experienced businesspersons interested in Canadian immigration and business migration. Once the Canadian business immigration process is complete the entrepreneur must manage a business in Canada that will contribute to the economy and create jobs.

Entrepreneurs must demonstrate business experience and a minimum net worth of 300,000 CAD. An Entrepreneur's net worth need not have been created by his/her own endeavours but, rather, must have been "legally obtained" (i.e. inheritance, gift, etc.). Assets of an Entrepreneur's spouse/common-law partner/same-sex partner are also included when assessing net worth.

Unlike Investors, the only way in which an Entrepreneur can demonstrate business experience is through management and control of a qualifying business of sufficient size.

Entrepreneurs will be required to provide documentation proving that, within any two (2) of the last five (5) years, they controlled and managed a Qualifying Business that meets any two (2) of the defined requirements/attributes for full-time (37.5 hours per week or more) employees, sales, net income and equity.

The following chart sets out the minimum requirements for a Qualifying Business at various percentages of ownership.

ATTRIBUTEPERCENTAGE OWNERSHIP OF BUSINESS
100%50%20%
(i)FULL-TIME EMPLOYEES2410
(ii)SALES (CAD)500,0001,000,0002,500,000
(iii)NET INCOME (CAD)50,000100,000250,000
(iv)EQUITY (CAD)125,000250,000625,000

Assuming that an individual successfully applies for and receives Canadian Permanent Residence as an Entrepreneur, he/she will be required to document that, for a period of at least one (1) year within a period of not more than three (3) years after landing, he/she owned and managed a Qualifying Canadian Business that meets any two (2) of the defined requirements/attributes for full-time (37.5 hours per week or more) employees, sales, net income and equity.

The following chart sets out the minimum requirements for a Qualifying Canadian Business at various percentages of ownership.

ATTRIBUTEPERCENTAGE OWNERSHIP OF BUSINESS
100%50%33.33%
(i)FULL-TIME EMPLOYEES246
(ii)SALES (CAD)250,000500,000750,000
(iii)NET INCOME (CAD)25,00050,00075,000
(iv)EQUITY (CAD)125,000250,000375,000

At least one (1) incremental, full-time equivalent (37.5 hours per week or more) job must be created for someone other than the Entrepreneur and the Entrepreneur's dependants. In addition, the Entrepreneur must have provided active and ongoing participation in the management of the business for at least one (1) year. A minimum of one-third (1/3) ownership is required.

PLEASE NOTE: The Government of Canada is currently reviewing the Entrepreneur Category and has imposed a moratorium on new Applications. As a result, Citizenship and Immigration Canada will temporarily stop accepting new Applications until the review is finalized (the date of which is currently unknown).