October 13, 2020
Canada has long been a popular destination for immigrants around the world. The country has witnessed rising levels of immigration in recent years, a trend showing no signs of slowing down. Canadian residents have access to a top-notch education, advantageous social and political policies, world-class healthcare, and one of the countries with the highest quality of life. All reasons why Canada is on the radar for many foreign businesspeople.
The influx of immigrants has led the federal government to implement stricter requirements for many of Canada’s immigration programs, making it more difficult for applicants to qualify. In 2019 alone, there were over 300,000 new immigrants who entered Canada, but the dire reality is that many were not accepted into the country.
There are a number of ways individuals can immigrate to Canada, but business immigration remains one of the best pathways.
A pathway into Canada with business immigration
Indeed, Canada is one of the top immigration destinations, which explains why many people worldwide set their sights on Canada as their first choice, and rightfully so. Not surprisingly then, immigrating to the “Maple Leaf” country becomes harder and increasingly elitist.
However, businesspeople can overcome this challenge by proving they can be significant contributors to the country. The government seeks individuals who can create jobs for its residents and generate revenue for its economy.
If you have a viable business plan, business immigration is the easiest way to secure your immigration application. Here are 4 reasons why:
1. Canada favours immigrants who can start a business and employ residents to strengthen the labor market - a foreigner who has the ability to create jobs for locals and produce revenue is invaluable.
2. Business immigration provides you with employment because you are considered an employee of the business. Canada favours those who have a job lined up before entering the country. Work experience and stability are deemed highly positive attributes among immigration applicants.
3. Business immigration programs are designed to help you succeed as an entrepreneur. This is because if you are successful, it will benefit the economy. The government will review how viable your business is and will provide you with the necessary guidance to run it in Canada. Unlike conventional forms of immigration, where applicants typically have little to offer in the way of promoting economic growth, business immigration candidates are considered commercial assets. Depending on the viability of your business plan, your enterprise success can have a major effect on the economy. The government wants commercial endeavours of immigrant investors such as yourself to succeed, and it provides resources to ensure you do.
4. Generally, business immigration provides a faster pathway to Canada because your business and your skills to run and grow the company could be highly sought after. Again, it is in the government’s best interest to help foreign businesspeople succeed for the benefit of the country.
If you are a businessperson who believes you can start a business in Canada, now is the time to apply to one of the country’s business immigration programs. Many have made use of their competency to apply, but those who wait will most certainly face even stricter requirements and potentially lose the opportunity to immigrate to Canada.
