Buying a business and get a business visa
It has long been possible for businessmen in Canada to qualify for a work visa by purchasing at least 51% of a business.
It should be noted that a business owner who has received a work permit from the Government of Canada cannot apply for permanent residence through Canadian or Quebec experience programs
Business can be a company or a business such as a shop or restaurant. It is not necessarily that the location of the company or the business owns by the applicant and can be rented, although in rare cases the business property is also incorporated and sold by the business. What you pay for if there is no real estate is in fact the name, license, record, clients and … of that business or company
Specifications and Conditions of a Good Business
- Business must to be active. It’s not just about registering one company and transferring it to another for business
- Take control of at least 51% of the shares. If you are a shareholder below 51%, you have virtually no decision-making power in the company
- Business can have economic, cultural, or social benefits to the Canadian community, though these are complex concepts and require convincing officers in the field
- The business can be realistic, given the background and knowledge of the buyer, which means that the immigration officer takes a special look at the applicant’s background and abilities in administering and running the business. Just buying a business and making profit of that business would not be enough to convince the officer to issue a work visa and permit
Who can buy a business in Canada
Anyone in Canada can buy a business and there is no restriction on business ownership, but that doesn’t mean every business buyer can get a business work visa
Applicant requirements
Business owner must have the following requirements
- Business management skills include a combination of background and education as well as adequate language skills
- Business intent: The applicant must run the business himself and work as a manager of his business and cannot assign it to another
