ENTREPRENEURS
The Entrepreneur Program seeks to attract people with business experience who have the intention and ability to actively manage a business in Canada that will positively impact the Canadian economy and create employment opportunities for Canadian residents.
Entrepreneurs must demonstrate business experience and a minimum net worth of 300,000 CAD. An Entrepreneur's net worth need not have been created by his/her own endeavours but, rather, must have been "legally obtained" (i.e. inheritance, gift, etc.). Assets of an Entrepreneur's spouse/common-law partner/same-sex partner are also included when assessing net worth.
Unlike Investors, the only way in which an Entrepreneur can demonstrate business experience is through management and control of a qualifying business of sufficient size.
Eligibility
- have managed and controlled a percentage of equity of a qualifying business for at least two years in the period beginning five years before the date of application;
- have a legally obtained net worth of at least CDN $300,000; and
- intend and be able to manage and control a percentage of the equity of a qualifying Canadian business equal to or greater than 33 1/3 percent, and create at least one full-time job equivalent for Canadian citizens or permanent residents for a period of at least one year within three years of arrival in Canada.
Qualified Business
To establish whether a business is a qualifying business during a year for the purposes of selecting investors and entrepreneurs, the business must not have been operated primarily for the purpose of deriving investment income (such as interest, dividends or capital gains), and the applicant must provide documentary evidence that the business meets at least two of the following criteria:
- 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;
- the percentage of equity, multiplied by the total annual sales, is
equal to or greater than $500,000;
- the percentage of equity, multiplied by the net income for the year,
is equal to or greater than $50,000; or
- the percentage of equity, multiplied by the net assets at the end
of the year, is equal to or greater than $125,000.
CLICK HERE for a FREE Assessment of your eligibility to immigrate to Canada as a Investor.
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