Canada offers two primary business immigration programs for entrepreneurs: the Canada Start-up Visa program and Provincial Nominee Programs (PNPs). The Canada Start-up Visa program targets innovative entrepreneurs looking to launch a start-up in Canada. To qualify, applicants must secure a letter of support from designated investors or business incubators. Successful candidates and their families can then apply for permanent residency.
On the other hand, PNPs are programs created by individual Canadian provinces to attract foreign entrepreneurs to start a business in a specific region. Each PNP has its own eligibility requirements, investment thresholds, and business proposal criteria. Generally, PNP programs require a substantial investment in the proposed business. However, some PNPs offer regional entrepreneur programs with lower investment requirements aimed at encouraging entrepreneurs to start businesses in less populated areas.
Express Entry is the fastest and most sought-after immigration program in Canada, offering the possibility of obtaining permanent residency in as little as six months. With Canada aiming to welcome 500,000 newcomers by 2025, a significant portion of them will be selected through one of the three Express Entry streams: Federal Skilled Worker (FSW), Canadian Experience Class (CEC), or Federal Skilled Trades (FST).
To qualify for Express Entry, applicants must meet the eligibility criteria for one of the three federal streams. The Canadian government invites the highest-ranking candidates in the Express Entry pool to apply for permanent residency.
Although achieving the CRS (Comprehensive Ranking System) cut-off in the federal draw can be challenging, simply being in the pool of candidates can lead to a province nominating you for permanent residency.
If a qualifying family member is a permanent resident or citizen of Canada, family sponsorship is an available option.
Multiple immigration programs are offered by Canada for permanent residents and citizens to bring their family members to the country. This year, family sponsorship programs will welcome over 100,000 new permanent residents.
Eligibility for family sponsorship is available to those whose spouse, child, or grandchild is a permanent resident or citizen of Canada.