{"id":50852,"date":"2017-10-03T17:23:11","date_gmt":"2017-10-03T17:23:11","guid":{"rendered":"https:\/\/immigrationca.staging.wpengine.com\/livestream-video-buy-business-qualify-canada-immigration\/"},"modified":"2021-08-25T02:12:44","modified_gmt":"2021-08-25T06:12:44","slug":"livestream-video-buy-business-qualify-canada-immigration","status":"publish","type":"post","link":"https:\/\/immigration.ca\/fr\/livestream-video-buy-business-qualify-canada-immigration\/","title":{"rendered":"Livestream Video: Buy a Business and Qualify for Canada Immigration"},"content":{"rendered":"\t\t
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September 30, 2017 – In a new livestream video, immigration lawyer Colin Singer<\/a> outlines how potential business immigration candidates can purchase an existing business and achieve Canada immigration.<\/p>\n\n

The owner-operator route to Canada is a two-stage process, where candidates first apply for a Labour Market Impact Assessment<\/a> and are then granted a Canada work permit<\/a>.\u00a0 Successful candidates can apply for permanent residence through an existing immigration program later down the line.<\/p>\n\n

Singer outlines how the popularity of the owner-operator route<\/a> is born out of a lack of options for a direct pathway to permanent residence for business candidates under existing programs in Canada.\u00a0 This necessitates a two-stage process for a growing number of business investors to Canada.<\/p>\n\n\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t

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\n\t\t\t\t\t\n\t\t\t\t\t\t\n\t\t\t\t\t\t\t\t\tTemporary Work Visas Under Business Owner-Operator Rules<\/span>\n\t\t\t\t\t<\/span>\n\t\t\t\t\t<\/a>\n\t\t\t\t<\/div>\n\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t
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\n\t\t\t\t\t\n\t\t\t\t\t\t\n\t\t\t\t\t\t\t\t\tHow to Buy a Business and Move to Canada?<\/span>\n\t\t\t\t\t<\/span>\n\t\t\t\t\t<\/a>\n\t\t\t\t<\/div>\n\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t
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Existing federal options either suffer from unrealistic criteria in the case of the Immigrant Investor Venture Capital Pilot Program<\/a>, or unpredictable outcomes for the Start-Up Visa Program<\/a>.<\/p>\n\n

Provincially, the Quebec Immigrant Investor Program<\/a> represents the most popular business route to Canada, offering permanent residence. But the current intake quota of 1,900 applications is almost full, with no places left for Chinese candidates. Other provincial options<\/a>, such as the New Brunswick Entrepreneurial Stream, again have limited spaces and are unpredictable in nature.<\/p>\n\n

Singer said: \u201cFor the vast number of very qualified business immigrants, the programs which offer permanent residence give very limited options. That\u2019s the problem.\u201d<\/p>\n

The Owner-Operator Route<\/h3>\n

However, by purchasing a stake in an existing business, a positive LMIA and work permit can be acquired through an informal program that has no quotas. Spouses and accompanying children are also eligible for work and study permits<\/a>, as may be required.<\/p>\n\n

\u201cRealistically, if you are a serious business immigrant who would like to start a business or acquire a business, the business purchase concept is the way to go if no other programs are viable,\u201d Singer said.<\/p>\n\n

\u201cYou would be looking at something like this in two stages. The goal is to identify an existing business that is already running in Canada and has an excellent track record. Ideally you will want to see a good history in earnings. You are looking to acquire a business that has already been tried and tested.\u201d<\/p>\n

No Official Requirements<\/h3>\n

Although there are no official requirements, history has shown that a net worth of $1 million and investment in the region of $350,000 is enough to qualify for a work permit.<\/p>\n\n

Central to a successful application is the business plan, Singer says.<\/p>\n\n

\u201cThere is no quota associated with this informal program but you do need a business plan. You would be submitting a plan to immigration authorities in order to obtain a Labour Market Impact Assessment.<\/p>\n\n

\u201cThe structure of the project is critical and there is a lot of strategy involved in putting together the proper terms and conditions so that you would be landing yourself into the ownership capacity of this business.\u201d<\/p>\n

Small Businesses May Qualify<\/h3>\n

Singer added: \u201cSuitable businesses is the important notion here. It can be for small businesses.<\/p>\n\n

\u201cWhat you\u2019re looking to acquire is a business that preferably has revenues of near 1-million dollars a year and generates an income stream after expenses of at least $150,000 to $200,000 a year.<\/p>\n\n

\u201cThe overall processing time to acquire the work permit is two to six months. You are working with a business broker who would help identify the business you are going to go into.<\/p>\n\n

\u201cWith that in mind, the strategy is quite important. You need to have the funds you are going to purchase the business with. You are not buying everything up front. You need to put funds in escrow, you need to create all of the elements.<\/p>\n\n

\u201cIt has to have a genuine feel and a genuine concept that this is a real project. When you are going to apply for an LMIA, you have to have all of these elements addressed in a business plan.\u201d<\/p>\n

Two-Stage Process<\/h3>\n

Once in Canada and running the business, the experience gathered will be valuable in your application for permanent residence, which represents stage two of the process.<\/p>\n\n

\u201cThis could be using Express Entry to access the Federal Skilled Worker Program,\u201d Singer says. \u201cIndividuals would acquire many points for running a business. For those who do not meet the criteria, there could be other programs, perhaps in the provincial stream.\u201d<\/p>\n

How We Can Help<\/h3>\n

At immigration.ca and investmentimmigration.com, we have the knowledge and resources needed to achieve this pathway to permanent residence.<\/p>\n\n

\u201cWe work with brokers across the country who would help you in identifying the business, then we would be your legal counsel for the immigration work,\u201d Singer said.<\/p>\n\n

\u201cWe would be able to provide you with introductions to brokers if you were interested. It can be fairly quick to get into Canada with the right business plan. It\u2019s for individuals who are serious and motivated to come to Canada in the near term.\u201d<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<\/div>\n\t\t","protected":false},"excerpt":{"rendered":"

September 30, 2017 – In a new livestream video, immigration lawyer Colin Singer outlines how potential business immigration candidates can purchase an existing business and achieve Canada immigration. The owner-operator route to Canada is a two-stage process, where candidates first apply for a Labour Market Impact Assessment and are then granted a Canada work permit.\u00a0…<\/p>\n","protected":false},"author":16,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[4859],"tags":[],"class_list":["post-50852","post","type-post","status-publish","format-standard","hentry","category-lactualite-canadienne"],"acf":[],"_links":{"self":[{"href":"https:\/\/immigration.ca\/fr\/wp-json\/wp\/v2\/posts\/50852","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/immigration.ca\/fr\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/immigration.ca\/fr\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/immigration.ca\/fr\/wp-json\/wp\/v2\/users\/16"}],"replies":[{"embeddable":true,"href":"https:\/\/immigration.ca\/fr\/wp-json\/wp\/v2\/comments?post=50852"}],"version-history":[{"count":0,"href":"https:\/\/immigration.ca\/fr\/wp-json\/wp\/v2\/posts\/50852\/revisions"}],"wp:attachment":[{"href":"https:\/\/immigration.ca\/fr\/wp-json\/wp\/v2\/media?parent=50852"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/immigration.ca\/fr\/wp-json\/wp\/v2\/categories?post=50852"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/immigration.ca\/fr\/wp-json\/wp\/v2\/tags?post=50852"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}