Buying a Business for getting Permanent Residency in Canada

Buying a Business for getting Permanent Residency in Canada

Buying a Business for getting Permanent Residency in Canada

Buying a Business for getting Permanent Residency in Canada

There are many new opportunities waiting for entrepreneurs who wish to immigrate to Canada and establish their business there. It is a challenging and welcoming environment that facilitates the admission of business people to the amazing country. However, getting eligible for getting permanent residency may not be easy for everyone under current rules, hence buying a business for getting Permanent Residency in Canada is one of the easy options for those failing to get sufficient score under CRS for express entry immigration to Canada

Buying a Business for Getting Permanent Residency in Canada

Here are some of the best ways so that you can make the best of your available options to buy a Business in Canada that matches your interest, Skills and Liking

To do business in Canada, one has to only apply to some authorized business immigration office outside of Canada. You and your immediate family will be issued a visa if you happen to meet all the requirements.

How to Identify a Business, and Negotiate Best Price for it for getting Permanent Residency in Canada?

Do a Quick Check about the Business you like, its potential market size in Canada

Identify a Good Broking firm that will identify a good business for you as well as train you for working in Canadian Business culture

Do some research to understand and select advisors, trade partners, contacts in the industry, banking circles?

Different ways to invest in a business in Canada

Basically, there are four ways in which one can invest into a business:

  1. Buying a Business

When you think of buying a business fully, then there is of course moderate risk associated with it. The investment that you have to make is also pretty high and the start-up time is fast. You may also face some challenges to start the business and the returns that you get are also relative to how much progressive the business is.

  1. Purchasing a Franchise

There is least risk for you if you happen to take a franchise of an already existing chain of business. The cost associated with it is also not very much so as to burn a hole in your pocket.

  1. Starting a business from scratch

In this kind of venture, the risk associated is very high and it is also difficult to start it. You will need a lot of ground work to establish yourself, be known to people, make contacts etc. Basically, it will take a lot of time to set up, but once the initial work is done and the business picks up, then it will be an easy ride ahead!

  1. Buying some shares in a business

If you think of buying some part of the share in the business, the cost associated with it is high but the risk may be low or moderate.

Two categories to immigrate to Canada for business

Investor Category

The businessman must satisfy the government of the following pointers:

He is either a senior executive or has operated a business outside of Canada for at least 2 years

Should be willing to invest 800,000 CD$ in a government fixed deposit for a time frame of five years without any interest. This investment is made after one goes through an interview.

Entrepreneur Category

For Entrepreneur Category, one must satisfy the government of the following pointers:

He should have the intention and the ability to either establish a business from scratch or purchase it in order to invest in Canada.

He/she should be able in running and managing a business venture in Canada.

There should be at least one job that is created for a citizen of Canada or any permanent resident

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IT experts from India welcome in Canada after US curbs on visas

IT experts from India welcome in Canada after US curbs on visas

IT experts from India welcome in Canada after US curbs on visas

IT experts from India welcome in Canada after US curbs on visas

The Technology industry leaders in Canada of Indian origin have said that the contentious immigration curbs that are being imposed and proposed by US administration led by Donald Trump will be of advantage for investment and technology professionals’ recruitment in Canada.

CEO of Fantasy 360 Shafin Diamond Tejani has said that this will provide an amazing opportunity for the top talents from #India to #immigrate, work and reside in Canada. Fantasy 360 is a global leader based in Vancouver that creates games and immersive experiences using Augmented Reality, Virtual Reality, and Mixed Reality.

Tejani, whose family hails from Gujarat in India, also added that their firm is already receiving queries from technology professionals from India and the US regarding relocating to Vancouver, quotes Times of India.

Tejani along with his partner Ray Walia is working on modernized avenues to appeal to technology talents from India. Walia is another Indian origin resident in Vancouver managing the non-profit technology platform Launch Academy.

Both Tejani and Walia are a part of the tech community that has given a written request to the Canadian PM Justin Trudeau demanding him to provide visas to the immigrants and technology professionals who have been stranded by the immigration curbs being imposed by Trump.

The letter stated that by welcoming diversity Canada can spearhead innovation that will be of advantage to the world. By opting to mentor, train and hire the top talents in the world, Canada can build international firms that will develop its economy.

Tejani along with his associates’ plans to bring several Indian start-up ventures to British Columbia with a focus on Augmented Reality, Virtual Reality, and Mixed Reality as it has a scarcity of skilled technology professionals and programmers.

Tejani also expressed confidence that he and his associates would achieve this. His firms have started more than 40 business ventures in 21 diverse nations having employee strength of 350 and having yearly revenue of more than 100 million dollars.

Ray Walia has been prompted by the curbs that are being proposed by the US to start dedicated services for technology professionals from India who are inclined to move to Canada. Launch Academy co-founded by him in 2012 has emerged as the leading incubator among start-ups.

Walia has created a program at his Lunch Academy that positively influences the utilization of startup visa in Canada. This program facilitates overseas start-ups to move their head offices to Canada and secure permanent residency for at least five members of the start-up ventures and the family members within six months.

The Start-up visa of the launch academy permits Indian firms to be at an advantage in both the nations. The firms are facilitated to develop their business in Canada and continue to serve the Indian clients and grow in the domestic markets as well.

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H-1B visa applications for US to be prevalent from 3 April

H-1B visa applications for US to be prevalent from 3 April

H-1B visa applications for US to be prevalent from 3 April

H-1B visa applications for US to be prevalent from 3 April

The USCIS (US Citizenship and Immigration Services) will begin accepting H-1B work visa applications for the year 2018 from 3 April.

The most sought after work visa for IT firms and speciality professionals from other fields in India, H-1B has become a contentious issue in the US Congress over its alleged misuse.

The USCIS has, however, not specified in the official announcement until when it would accept the petitions for this work visa.

Usually, 85,000 H-1B visas are issued each year by the department. As per the limit mandated by the Congress on H-1B visas, of the total, 65,000 are issued in the general category and 20,000 are given to overseas students who have graduated in masters or a higher degree from an educational institution in America. But exempted from this limit are foreigners arriving in the US in certain classes for research and scientific establishments.

Although White House is said to have stated that a comprehensive immigration reform  was being worked on, the USCIS was quoted by the Press Trust of India as saying that all H-1B petitions, which are subject to a ceiling, that are filed before 3 April would be rejected for the Fiscal Year 2018 cap. In fact, FY 2018 commences from 1 October 2017.

According to the USCIS, H-1B programme allows the US employers to hire foreign workers in distinctive occupations and at least a bachelor’s degree in the specific field or its equivalent.

Generally, distinguishing occupations in H-1B mostly include STEM (Science, Technology, Engineering and Mathematics) fields.

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