Maximizing business potential is what every businessman strives for. In this regard, the demand and requirement for a Canadian business visa has surged. This type of visa enables individuals with business-driven motives to settle and expand their network outside their own country.
In the context of Pakistan, obtaining a business visa has become effortless, thanks to immigration firms that provide guidance and make the visa process smoother.
Canada’s Business Setting
Canada offers a diverse business setting, that is ranked among the top in global competitiveness.
It positions itself as an appealing site for entrepreneurs and businesspeople. To cater to those needs, the Canadian government has provided multiple visa pathways, through which entrepreneurs can maximize their expertise, expand their business setup, and gain permanent residence opportunities in Canada.
What is a Canadian Business Visa
A business Visa is a type of visa or travel document that provides individuals with an opportunity to enter and reside in any Country for business-related ventures.
Canada also provides numerous business-related visa programs. It expands to both Provincial and Federal levels, which are used to gain temporary or permanent residency These different visa programs are tailored to cater to different types of foreign investors and business persons.
After getting approved for a program, individuals along with their families can obtain and operate their work or study permits.
Finally, they can become eligible for Permanent residency in a period of about 1 to 2 years.
Requirements for business visa
Like all Business visas, the Canadian Business Visa also requires certain documents, skills business plans, and fees.
The top 5 requirements are:
Demands around $100,000 to CAD 350,000 to initiate business in Canada.
Specific skills and experience needed to operate a business.
Must have either a running business or start a new one in Canada.
An effective, well-planned business strategy for business in Canada
Have an in-depth knowledge and regulations of the Canadian immigration plan.
How to apply for a Canadian business visa from Pakistan
Multiple immigration firms and lawyers are dealing with Canadian Business visa applications. They can help individuals select the most suitable business program.
The application process varies wrt to the individual’s chosen immigration program.
The step-by-step process for applying for a Canadian Business visa is:
Step 1: Purchasing a Canadian company.
Step 2: Strategise a solid business plan.
Step 3: Get employed by a respective Canadian company.
Step 4: For your family members, apply for a work permit.
Step 5: Make your business operational.
Step 6: Depending on the immigration program, apply for permanent residency after 1 or 2 years of business operation.
Step 7: Complete the eligibility for acquiring Canadian citizenship.
Types of Business Visas provided by Canada
Canada offers several business visa programs, created to attract different types of foreign entrepreneurs. Presently, there are 3 federal along numerous provincial business visa programs offered.
These programs are:
Entrepreneur Visa (C11): This program is for those investors who want to purchase or invest in a Canadian business. It also suits those who want to have a fresh start in Canada.
Provincial Nominee Program (PNPs): This program is provided by Provinces in Canada who want to give a chance to foreign investors. PNPs have their pros and cons. This program is less chosen due to the uncertain pathways, unlike the Federal programs which offer a more efficient business visa framework.
Business Visa Costs:
The Canadian business visa costs can range between CAD $2,140 to $4,355.
It depends upon the persons immigrating, i.e. if only one person is immigrating or along with the family. In short, if the person has a child or children, an additional cost of $230 will be applied per child.
Apart from the application fees, other expenses such as the consultation and procedural fees will be applied.
To sum up, Canada provides an astounding opportunity for investors and business persons to expand or set their business on Canadian soil. Pakistan hosts a dynamic community of entrepreneurs with a strong interest in advancing their business ventures to Canada.
The Canada business visa application process involves 7 easy steps and a significant amount of fees, to help investors and entrepreneurs in acquiring a business visa and ultimately establishing their businesses in Canada.