Business Applicant

There are three categories of business applicants:

• Investors
• Entrepreneurs
• Self employed persons

INVESTORS

In order to qualify as an investor, an applicant must show the following:

1. The applicant must have legally obtained a net worth of CDN $1,600,000;
2. The applicant must be able to make an investment of CDN $800,000. The applicant is given the opportunity to finance the investment
3. The applicant must have:
• managed a qualifying business and controlled a percentage of equity of the qualifying business for at least two years or
• managed at least five full time job equivalents per year in a business for at least two years

"Qualifying business" means a business - other than a business operated primarily for the purpose of deriving investment income such as interest, dividends or capital gains - for which, in each of any two years in the period beginning five years before the date of application for a permanent resident visa and ending on the date a determination is made in respect of the application, there is documentary evidence of any two of the following:

1. The percentage of equity multiplied by the number of full time job equivalents is equal to or greater than two full-time job equivalents per year;
2. The percentage of equity multiplied by the total annual sales is equal to or greater than CDN $500,000;
3. The percentage of equity multiplied by the net income in the year is equal to or greater than CDN $50,000; and
4. The percentage of equity multiplied by the net assets at the end of the year is equal to or greater than CDN $125,000.

ENTREPRENEURS (Currently Suspended)

In order to qualify as an entrepreneur, the applicant must show the following:

1. The applicant must show a net worth of CDN $300,000.00
2. the applicant must show business experience.
3. provide a written statement that they intend to and will be able to meet conditions as set out by the law.

SELF EMPLOYED PERSONS

In order to qualify as a self employed person, the applicant must demonstrate past experience, as well as the intention and ability to be self employed in Canada in the following areas:

• Cultural activities
• Athletics
• The purchase and management of a farm