Canada Business Visa

Canada positions itself as a desirable location for many foreign start-ups, investors, and entrepreneurs in 2023. Due to this, the Canadian government has established a number of routes for business visa holders to become citizens of Canada. You can find all the most recent details on Canadian business visa programs, specifications, fees, application procedures, processing periods, and much more on this website.

This page is not to be confused with the business visitor visa, which solely permits foreign business people to travel to Canada for business purposes.

In 2023, what will be a Canada Business visa from India?

In order to draw different kinds of international investors, Canada offers a number of business visa programs. There isn't a single, universal program. Instead, you and your family can get permanent residence in Canada through a number of federal and provincial programs. Each program is designed to meet the unique demands of business immigrants and draw in a particular kind of foreign investment.

Once accepted into a program, you can work in Canada while also obtaining open work permits for your spouse and study permits for your school-age children for your family. You and your family will then be eligible for permanent residence in one to two years, depending on your business visa program.

Requirements for Canada Business Visa

Because each program was created to accommodate a certain kind of foreign investment, each business visa program has its own requirements. However, in general, there are the following top 5 necessities:

To launch your Canadian firm, you should have anywhere from $100,000 to $350,000 in Canadian dollars;
To run your firm successfully, you need both experience and talents;
To start or invest in a successful business in Canada, you must already have one;
For your Canadian company, you must have a carefully thought-out, practical, and realistic business strategy;
You must be quite knowledgeable about Canadian immigration laws and policies.

The Best Canadian Business Visa Programs for 2023

In Canada, there are now three federal and numerous provincial business visa schemes. An overview of each program is given below:

Intra-Company Transfer (ICT) Program: This visa program is designed for companies who already have operations in another country and want to expand to Canada. Despite the fact that the program's name refers to "a transfer," in practice you are growing your company to Canada and moving yourself as an employee from your current operations in your home country to your new operations in Canada.

Start-Up Visa category: This category is best suited for founders of established start-up businesses with viable business models and some financial support. Start-ups applying for this immigration category must get a letter of support or investment money from a specific Canadian organization. This is why, among many other conditions, your start-up must already be profitable and have a well-defined business plan. This program is open to startups, and through it, up to 5 founders and their families may obtain permanent residency.

Entrepreneur Visa (C11)- The Entrepreneur Visa (C11) program is for you if you want to buy or invest in an existing Canadian company. The overseas investors who want to launch a new business in Canada can also use this program. Like previous programs, your family and you could later qualify for permanent residence.

Provincial Nominee Program (PNPs)- Provinces in Canada have their own immigrant schemes for foreign business people called Provincial Nominee schemes (PNPs). There are more than 17 different corporate immigration options available. PNPs are not appropriate for all business immigrants, and one of the aforementioned government programs may provide a more straightforward and effective route to obtaining a business visa.

How to Apply for a Canada Business Visa?

Depending on your business immigration program, the application procedure for a business visa may differ. To choose the best option for you and your organization, it is essential to speak with an experienced business immigration lawyer. The steps of the general application procedure are as follows:

Step 1: Found or acquire a Canadian business;

Step 2: Create a business strategy (at any point before applying for a work permit);

Step 3: Take a job with your Canadian business;

Step 4: Submit a work permit application and the necessary forms for your family members.

Step 5: Run your company;

Step 6: After a year or two of business operations, depending on your business immigration program, step 6 is to apply for permanent status; and

Step 7: Obtain Canadian citizenship eligibility.

Processing Visas: Time

Your application for a business visa may be approved in one to eight months. Your business immigration program will have a significant impact on the processing time. Provincial programs typically take 8 months, although certain federal programs can take as little as 3 months. Please be aware that this processing time only applies to the work permit needed to allow you to work for your Canadian firm.

Costs of Business Visas

The cost of a business visa may range from CAD $2,140 to CAD $4,355. The least expensive option is to immigrate alone, and the most expensive is to do so with your spouse and one child, plus an extra $230 for each subsequent child. These expenses solely include the Canadian government's application fees. In actuality, additional fees for legal services and procedural costs may be incurred; these fees vary based on your circumstances. Using our Fee Calculator, which was developed expressly to provide you with some assurance of the various charges, you can estimate your overall immigration cost.