Investment
Immigration
Canada’s
immigration policies are outlined in the objectives of the Immigration
and Refugee Protection Act. A number of provisions are directed at facilitating
the continued development of the Canadian economy through investment
by foreign nationals who intend to relocate to Canada on a temporary
or permanent basis.
Canada
admits business immigrants on a permanent basis under the Business Immigration
Program. The program in addressing the objectives of the Immigration
and Refugee Protection Act is designed to attract individuals with capital,
business acumen and entrepreneurial skills in order to promote economic
development and employment in Canada. The program is also designed to
select individuals with familiarity of business practices in foreign
markets in order to promote international trade opportunities with Canada.
The
Business Immigration Program comprises of three classes including Investor,
Entrepreneur and Self-Employed.
Applications
for permanent residence under the business immigration program often
entail processing delays that exceed the expectations and objectives
of applicants. Accordingly, alternative solutions (promoting early entry)
may be available by way of temporary admissions to Canada though the
investment immigration route.
Canada
admits business immigrants on a temporary basis under the temporary
foreign worker program. Qualified applicants include successful business
persons who qualify for work permits under investment immigration vehicles
supported by applicable International Agreements or that would create
or maintain significant economic benefits or opportunities for Canadian
citizens or permanent residents. The issuance of a work permit on the
basis of investment would depend on the nationality of the applicant
and the nature and location of the business in Canada.
We
frequently provide counsel to qualified applicants seeking temporary
or permanent admission to Canada on the basis of investment immigration.
Interested applicants may wish to contact us for further information
regarding the availability of businesses for sale in Canada and/or the
issuance of work permits under applicable programs.