Business Immigration And What It Means
Business immigration
Immigration policies vary greatly from country to country. Some have very strict policies about how many people they will allow to immigrate in each year. Others have guidelines in place to control where immigrants can come from. Each country has their own reasons for wanting to control the influx of new people into the country.
As much as possible, governments want to attach and allow the immigration of people that will have a positive impact on their country. They want to attach business investors who bring with them a large amount of capital. And they want to attract quality, skilled people who bring with them talent and the ability to find a good-paying job.
It is fairly obvious why a country would want to attract this high level of immigration. These highly desirable people will be an asset to their new country. They have money and skills and will quickly be producing and investing. This is vastly different that immigrants who are unskilled and often poor.
These immigrants are looking to the new country for assistance. It is important for a country to help poor immigrants, to provide them with the resources to get established and the training to find a job. But no country has unlimited resources. They must make economically sound as well as compassionate decisions about who is allowed to enter their country.
Ontario Canada has a very aggressive program in place to attract international business people. The goal is to bring in business people from three distinct categories so that they can invest their money, time and talent in the Canadian economy.
The first group that is being sought is entrepreneurs. These immigrants must have business experience and a personal net worth of at least $300,000 Canadian dollars. After immigrating to the Ontario area, the entrepreneur has to meet pre-established conditions regarding establishing a business. The business experience requirement means that the person has worked for at least 2 of the last 5 years as the manager of and had a controlling percentage of equity in a business that qualifies.
The next group is known as investors. As part of their immigration process, an investor must make a passive investment in a government fund and purchase land in Canada. The investor must have the same level of business experience as the entrepreneur. But their net worth must be higher, at least $800,000 Canadian dollars.
In addition they must make a large payment of $400,000 Canadian dollars to the Receiver General for Canada. This payment is a guarantee that the person will remain in Canada for at least five years. At the end of the five year period the payment is returned in full.
Recognizing that many quality people seeking immigration will not have this high level of net worth, the Ontario program has a third category to attract highly skilled and motivated people to their work force. This group is known as the self employed.
To apply for this category the person must have relevant experience in the fields of athletics, farm management or cultural activities. The person must also have the ability and intention of establishing a business in Canada at which they will work. The business must be one that makes a significant contribution for those fields. While no conditions are placed on the person?s net worth and they don?t have to make any payments to the government, they are expected to have the financial ability to support themselves and their family during the move and while getting established.
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