The Business Immigration to Canada has several routes
and options for any investor or an entrepreneur to migrate and invest
in Canada. However, Canada IIP and Canada Entrepreneur have always been
a point of debate in the minds of prospective investors and businessmen
for immigration to Canada. To make it easier for you to opt for the best
program, we have compiled a comparison of Canada IIP and Canada Entrepreneur
program, as given below:
||Point of Difference
||Immigrant Investor Program
||For entrepreneurs, businessmen and Senior
Executives who wish to apply for Canada permanent resident visa against
Successful applicants get unconditional permanent resident visa
|For entrepreneurs who wish to own and actively
manage their own business in Canada
Successful applicants are granted a conditional visa. To be eligible
to apply for permanent residence status in Canada, your Canadian business
must meet certain conditions for some years, like creation of a minimum
no. of jobs every year and others.
||Ownership and Management of a qualifying
Managed at least 5 employees in a business
|Ownership and Management of a qualifying
||You need not meet any English language
requirements and may even take a translator along, at the time of
||Average English language skills are mandatory.
This is because when you will run a business in Canada, you will have
to communicate with team members and clients, primarily in English.
Though one can take help of a translator during an entrepreneur application
interview, it is not likely to present you in a favorable light to
the interviewing visa officer, as far as adaptability factor is concerned.
||Investment to be made
||You must make a passive interest-free deposit
of C$800,000 for five years to the Canadian Government. This is a
guaranteed refundable amount. Or, you may commit a onetime non-refundable
payment of C$180,000 and rest will be financed by an approved Canadian
This investment is made after the success of your selection interview
and in-principal approval but before visa issuance.
|There is no minimum investment required
when you apply for visa under this category. It is expected that your
business contribute to the Canadian economy and create or maintain
The investment is made after you land in Canada
||Personal Net Worth of Assets
||Personal net worth minimum requirement
is C$1.6 million
||Personal net worth minimum requirement
||Application Processing Time
||(1) 24-34 months under federal Immigrant
(2) 12 -15 months for Quebec immigrant Investor program
|Around 6-7 years from the date of lodgment
of application in busy visa posts.
||In some cases, the interview is waived
off. This is especially permitted under the Quebec program.
||Interview is one of the most important
aspects of the application process under the entrepreneur category
and is rarely waived off
||Post Landing visa conditions & Living Options
||There are no post visa conditions attached
to the visa issued to you under the immigrant investor program
You have a wide range of options of what you want to do in Canada,
such as job, passive investment, retirement and so on. The visa issued
is unconditional and you even have the liberty to do nothing at all
and live off passive investment made by you.
Canada charter of rights and freedom permits a PR card holder and
citizens to live and work in any part of the country.
|You must report about the progress of your
Canadian business, on a regular basis, to the Canadian Government
about compliance of your business to the post-visa conditions.
You have to meet Qualifying Canadian Business requirements, like,
to engage in active business and investments; create jobs for the
local citizens and so on. Within fixed time frame, which is normally
2 years, you must prove that your business has met the requirements
of qualifying Canadian business.
Even though you have the freedom to select to establish your business
anywhere in Canada, you cannot do just any business and must do a
business that contributes to the economy and generates employment.
However, In case you have immigrated under an entrepreneur program
of a provincial Government, you must live and work in that province
and meet the visa conditions
||Required and usually encouraged for applicants
under the entrepreneur program
||An applicant's lawyer is permitted to attend
the interview when applied under the Quebec Immigrant Investor program
||There is no provision for presence of the
Canada offers many different options for those who would
like to invest or start a business in its economy. With these programs
come the state-of-the-art facilities in the form of brilliant infrastructure
and so on. Canada business programs are definitely a gateway for those
on the search for a better future.