Business Immigration Canada - Significant Benefit Work Permit
One of The Best Ways to Immigrate to Canada as An Entrepreneur.
ADVANTAGES
Amongst the numerous Canadian business immigration programs for entrepreneurs, the Significant Benefit Work Permit remains very attractive as:
What brings significant benefits can be widely interpreted.
This is a federal program so there is no need to obtain the approval of a province hence saving lots of time.
There is no minimum investment requirement. The among of investment depends on the type and needs of the business.
You can open the business anywhere in Canada.
You can rent instead of buying.
WHO CAN QUALIFY?
You should consider this program if:
You want to own and manage a business in Canada.
You have the financial capacity to operate such business.
Have a unique service or product or process.
That can bring significant economic, social and/or cultural benefits to Canada.
WHAT CAN BE A SIGNIFICANT BENEFIT?
The law does not define precisely what significant benefit really is which leaves room for interpretation based on the facts of each case. Nonetheless, we can agree that some key benefits Immigration, Refugees and Citizenship Canada will look at would be:
Job creation.
Knowledge transfer to Canadians.
Culturally inclined products.
Business geared towards exportation.
Business located in a more rural region which will boost that region’s economy and diversity.
PREVIOUS EXPERIENCE IN THE INDUSTRY
Like any other business immigration program, any applicant to the Significant Benefit Work Permit program should be able to demonstrate prior experience and knowledge of the industry in which you want to do business in Canada. The more accomplished you are in the field, the stronger your immigration application will be.
Prior experience can be demonstrated in several ways, such as:
Portfolios.
Articles you wrote about you and your projects.
Employment contracts.
Business license and balance sheets if you owned a similar business in the past.
For detailed breakdown of the program, please refer to the information below:
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Open a business that will bring significant economic, social or cultural benefits.
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Anywhere in Canada.
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2 year work permit.
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You should consider this program if:
You want to own and manage a business in Canada.
You have the financial capacity to operate such business.
Have a unique service or product or process.
That can bring significant economic, social and/or cultural benefits to Canada.
-
The law does not define precisely what significant benefit really is which leaves room for interpretation based on the facts of each case. Nonetheless, we can agree that some key benefits Immigration, Refugees and Citizenship Canada will look at would be:
Job creation
Knowledge transfer to Canadians
Culturally inclined products
Business geared towards exportation
Business located in a more rural region which will boost that region’s economy and diversity
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Like any other business immigration program, any applicant to the Significant Benefit Work Permit program should be able to demonstrate prior experience and knowledge of the industry in which you want to do business in Canada or relevant transferable skills.
Prior experience can be demonstrated in several ways, such as:
Portfolios
Articles you wrote about you and your projects
Employment contracts
Business license and balance sheets if you owned a similar business in the past
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~ 6 months
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Active
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Have a service or product that will bring significant economic, social, or cultural benefits to Canada.
The more unique your service or product is, the stronger your application will be. What is unique is widely interpreted.
Being a leader in that field will make a stronger case.
Create jobs for Canadians in year 1.
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No minimum investment amount but we do not advise anything less than $150,000.
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(can be husband + wife)
No minimum amount but we advise at least $300,000 to make a stronger case. You need to show that you have the financial capacity to pay the operating costs.
Preferably corporate account, but some countries operate on personal accounts only. -
50%
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You can rent or buy.
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Yes.
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You gather the documents.
We find the location/business.
We incorporate the business.
We do the business plan tailored to immigration requirements.
We put you in touch with our network to start finding clients, distributors, suppliers.
We send a complete application package to the government.
Come to Canada.
Operate the business for at least 1 year.
Then we apply for permanent residence.
After becoming a permanent resident of Canada, you can obtain Canadian citizenship (passport) after 3 years of residency in Canada. These 3 years do not need to be continuous.
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some may not apply to your case and some can be replaced/added
Passport.
National ID.
Military card/exemption.
Marriage certificate.
Education degrees.
Resume.
Awards, memberships, articles, any other publication showing your leadership in that field.
List of all your travels.
Proof of business ownership/activity back home (business licence, taxes, employment contracts, etc.)
Canadian clients/suppliers/distributors or potential clients: contracts, invoices, negotiations...
Bank statement showing available balance.
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Not needed.
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(after obtaining a visa)
Yes.
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You can open the business anywhere in Canada.
This is a federal program so there is no need to obtain the approval of a province hence saving lots of time.
There is no minimum investment requirement. The amount of investment depends on the type and needs of the business.
You can rent instead of buying.
What brings significant benefits can be widely interpreted.
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Very discretionary meaning that the officer can apply its subjective view on the case.
The higher the benefits your business will bring to Canada, the higher the chances of success.
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If you have a business concept that can bring significant economic, social, or cultural benefits to Canada, and have previous success in this field, this is definitively a program to consider.
We will help you
handle all immigration matters including strategizing your permanent residency route if this is your goal
help you find the right business concept in Canada
draft the business plan and financial forecast
help you start your business development, which is crucial to increase the chances of success
incorporate
