HOW DOES IT WORK?
Immigration for business people takes around two months to have the Canadian government first review your preliminary proposal and then schedules an interview. And even before this, you will have about two to three months to successfully submit your business plan.
Once you are accepted by the Provincial Nominee Program, you will have a performance agreement to sign. Only after that can you get a 2-year visa. You will also need to select between fast track nomination and normal processing.
In case you want to go for fast track nomination, you’ll have to provide $125,000 to British Columbia in the form of a refundable deposit for them to nominate you instantly. Even though it will take you around 5 or 6 months to get your visa, becoming a permanent resident is more or less 20-month long process. Every 6 months or so, you will have to fill up reports received from the government.
At the end of 2 years, if you have successfully met with all the conditions of the agreement, you will get back your $125,000, but without any interest. If you don’t meet with the conditions listed in your agreement, you will lose the $125,000, but you will get to keep your Permanent Resident status.
If you go with normal processing, you will get to have a 2-year work permit.
You will be required to send in reports on your improvement at regular intervals. If at the end of 2 years you successfully meet with all the conditions of your agreement, your work permit gets extended, and you get selected.
As you fill up the federal form, you’ll become a permanent resident in about 9 to 12 months. If you won’t have met the conditions of your agreement, then your work permit won’t get an extension, and you will have to leave the country.
To learn more about business opportunities in Canada, do contact us at Immigration Canada Services. Our business and immigration advisors will get back to you as soon as possible to answer all your queries!