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This class is for successful businesspersons to encourage them and facilitate them to settle permanently in Canada by starting a new business that has to be innovative, create jobs for Canadians, and has the potential to compete on a global scale.
How to apply? Apply online through the Permanent Residence Portal. Paper-based applications are no longer accepted.
PROGRAM REQUIREMENTS
Language: Must earn a minimum of CLB/NCLC 5 in Either French or English in all 4 competencies (speaking, reading, listening, and writing).
Experience: When you receive permanent residence in Canada, you must be involved in the active and ongoing management of the business that you have created from inside Canada.
Settlement Funds: A settlement fund is required for you and your dependent family members for 52 weeks, which should meet the Low Income Cut Off or LICO.
Documents: Must have a qualifying business and a letter of support from a designated organization. A qualifying business is a business that you have created, in which you and each one of your applicants (up to a maximum of 5) hold 10% or more of the voting rights, and all applicants and the designated organization that support the business jointly hold over 50% of the total voting rights. A designated organization is a group business such as Venture Capital Funds, Angel Investor Groups, and Business Incubators that has been approved by the Canadian government to invest in start-ups or support them.
Financial commitment: If the investment comes from a designated Canadian venture fund, you must be able to secure at least $200,000. If the investment comes from the designated Canadian angel investor group, you must be able to secure at least $75,000. If a business incubator wants to support you, you do not need a financial investment from them, however, in this case, you must be accepted into a Canadian business incubator program.
This class is for world-renowned self-employed foreign nationals with relevant experience who have the intention and ability to work as self-employed in Canada and make significant contributions to cultural activities or athletics.
Application: You can only apply online through the Permanent Residence Portal.
PROGRAM REQUIREMENTS:
Point System: Earn a minimum of 35/100 points on the self-employed person class grid, which includes experience (35 points), Age (10 points), Education (25 points), English or French language (24 points) and adaptability (6 points).
Pass score: Must get a minimum of 35 points out of 100 on the self-employed person’s selection grid.
Experience: Within the last 5 years, the applicant must have a minimum of 2 years of self-employment experience or participation experience in world-class cultural activities or athletics which are specified under NOC 51 and NOC 52. Non-continuous experience is allowed but the duration of each experience must not be less than one year. A combination of self-employment and “participation” activity is also allowed.
Financial commitment: Though there is no minimum investment level specified, the SE person should have the required capital suitable for the nature of the work the SE is going to perform in Canada.
Proof of both intent and ability to perform the self-employment work is required.
Settlement fund: Must have a sufficient amount of money to support himself and the family until self-employment is created.
Canada's immigration system is based on three pillars, each pillar includes multiple classes, and each class includes multiple programs. These three pillars include Temporary Residence, Permanent Residence, and Citizenship. This website contains all of these programs in various places, however, the followings are a few programs that we have selected for your ease of access.