Canada Business Visa – Now a days Canada is very popular nation amongst the immigration seekers. The nation is always crowned with the Number 1 rank when it comes to migration. It keeps on making some changes in its existing immigration schemes so that more talented applicants can move to the country and add to its resources–either through their funds or through their talents. Liberal immigration rules are one of the reasons that are adding fuel to the fire.
Ottawa looks at the migrants as a cream layer that settles in the country as the future Canadians. The welcoming nature of the hotspot has made it the most preferred choice as compared to other countries.
To successfully qualify for the Canada Business Visa, the aspirants need to fulfill some conditions. Let’s check those!
Canada Business Visa is granted to the aspirant who is able to start a business or take up an existing business firm or is capable of making an investment in the country. He needs to justify that his business plans will help the country’s economy. He must enter the nation with the sole aim of benefiting it with his managerial skills. He needs to possess enough managerial skills that his investment is capable of giving the expected or the desired results in the nation.
It’s his managerial skills, along with capital investment, that will help him get entry into the nation. Though the country is welcoming to the honest aspirants, it’s strictly governed by its rules. Ottawa doesn’t allow any criminals or unlawful persons to enter.
You must be an honest and lawful person and you need to submit documents to prove the same. Along with this, you must submit a valid proof stating that the capital fund that you are investing or starting your business within the country is legally earned by you, through a lawful business or work. You must be an honest and reliable person who does not possess any criminal background. You need to submit a police verification report to support your claim.
The hotspot country is liberal with its business rules and provides all sorts of help to the aspirants who wish to invest in the country, but at the same time. All wishful investors are asked to undergo thorough medical examination prior to entering the nation.
After entering the country, the migrant not only enjoys the benefits provided by the Federal Government but also enjoy the ones offered by the provincial governments.
Frankly speaking, immigration is not a new word to explore even as since long people from all over the world have been migrating to foreign lands, to live up to their dreams, and enjoy a better life. Canada is one destination which has motivated many migrants. But before actually landing on the soil of the nation, one requires checking the Canada Express Entry Visa Process.
Know Exact Definition of Canada Express Entry Program
Well, the nation offers a privilege to some immigrants who are adroit and skilled. They even validate on the talent of the person so that he could contribute the best, in developing the economy of the country. To ensure such growth, the government started a policy to offer a visa to such workers. This has enabled the efficient people to migrate to Canada. This type of immigration is coined as Express Entry.
For all those aspiring people, the Canada Express Entry Program, on the whole, covers three crucial immigration Programs and they are bellows:
Federal Skilled Trades Programme (FSTP)
Federal Skilled Worker Programme (FSWP)
Canadian Experience Class (CEC)
Eligible candidates have to compete with other bunch of people which is equally eligible. Thereafter, considering all other vital factors, the applicants will be offered a rank. One needs to make sure that he qualifies at his best to receive an immigration call. Those who are invited to apply for the Express Entry Visa are also considered qualified to Apply for Permanent Residence (PR) in the country.
Well, these are the few points that you should keep in mind prior to applying for the Express Visa. Just remember these are the steps in the Canada Express Entry Visa process. Needless to say, feel absolutely free to seek professional help from those in the know.
To make it big abroad and expand horizons, Australia Investment Visa could be a very good option. Today, Oz ranks as the most favorable immigration destination for the foreign investors. The nation’s two major cities, Melbourne and Sydney, are home to majority of migrants and thus they are the most bustling metropolises.
Annually, along with a large number of tourists, the country also attracts 1000s of foreign investors who migrate to the country with the intention of taking advantage of its amazing investment opportunities.
Oz has the twelfth largest economy and the fifth highest per capita income in the world. Its economy is mainly based on tourism, education and financial industries, and is extremely rich in natural resources such as iron ore, wool, gold, and wheat.
Down Under encourages the foreign investors to migrate through its numerous investment based streams. These classes lead to the prized Permanent Residency (PR) and later candidate can apply for the much sought after Australian citizenship and settle indefinitely with their family. Thus, for the candidates, it’s a golden opportunity not to be missed.
The Department of Immigration and Border Protection (DIBP) has set up a three step process. The first and foremost step is for the foreign investors to apply for Temporary Residence Permit (TRP). The DIBP offers many temporary visas and numerous foreign investors are benefited by the 188 Visa.
To receive a TRP, under the 188 Visa, the candidate must qualify for one of the sub categories, such as business innovation, business investment or significant investor. Under the category, the candidate can bring along their family i.e. spouse or common law partners and dependent children.
Additionally, at the time of submitting the application the candidate must be below 55 years, must submit a detailed business plan–either to establish a completely new venture or invest in an existing one–and must score at least 65 points on the Points Grid, based on various factors, such as language proficiency, education, business experience, age, state or territorial nomination.
Once the candidate has met the set criteria for the Australia Investment Visa Subclass 188, they are issued a TRP for a period of four years. At the end of the period, the candidate may submit an application for the Permanent Business Visa, i.e., 888.
To qualify for the Visa 888, the candidate must meet one of the following two criteria. First, he must prove that he possesses legally acquired net value of at least 600,000 Australian Dollars. Additionally, the candidate must continue to maintain ownership interest in a business in the country and must successfully employ Australian citizens.
Secondly, the applicant qualifies for a business and has successfully sustained the investment for not less than four years. If he successfully meets the above requirements he will be granted a PR Visa.
Australia Investment Visa will ultimately lead the investor to Australian citizenship. Once the candidate has live in the country for at least four years, he can apply for Citizenship through the official process known as naturalization.
Canada, the Land of Rising Opportunities, is a favorite immigration destination of immigrants across the globe. Reason: immigrants love its immigrant-friendly policies, open environment, lifestyle, and strong economy. Wishful migrants can easily enter the country using one of the many available pathways. Those motivated to migrate to Canada can use the Investor PR Visa Path. Quebec Business Immigration/Investor Stream is one very good option up-for-grabs. As a foreign investor, you must intend to make an investment in the province for a fixed period of five years and must agree to settle here permanently.
Quebec Business Immigration/Investor Stream
Besides other requirements, the primary requirement is to make an investment of 800,000 Canadian Dollars, either by financing an investment or through an authorized financial intermediary. The amount will be reimbursed, post the maturity period, though at zero interest rate.
The Quebec Government has set a cap of 1,900 applications to be accepted during the upcoming cycle and applications will be accepted from May 20 2016 to February 28 2017.
Lucky are those investors who possess good knowledge of French as they are exempted from the cap and they may submit their application till March 31, 2017. Such candidates will be given priority.
The Quebec Business Immigration/Investor Stream which offers an Investor PR visa Canada comes with several advantages and some of them are as follow:
|Eligibility criteria||Primary requirements|
|Minimum net worth required||Legally acquired a minimum net worth of 1.6 Million Canadian Dollar, acquired either individually or jointly with the spouse or common law partner.|
|Experience – Business or Management||At a management level a minimum of two years experience is required out of the last five years or management experience either in a government or international organization. The company must have at least two full time employees though the venture does not really have to be profitable.|
|Required investment||Intend to make n investment of at least 800,000 Canadian Dollars.|
|Other requirements||Thorough background check and clean health certificate|
|Exploratory Visit||Not mandatory but recommended|
|Required business plan||None|
|Express of Interest Required||No|
|Permit||Permanent Residency soon after the candidate receives a Quebec Selection Certificate (CSQ)|
Investor PR visa for a country like Canada is a good option and the French province is independent off the rest of the country, especially when it comes to picking migrants as permanent residents. Quebec is self-sufficient as well and so it has little or no Federal Government interference.
Different kinds of immigration options are available even while the Business migration option is entirely for all those successful businessmen who possess a successful business history. An aspirant can migrate to his preferred destination, say Australia, if he meets the eligibility conditions.
Usually, the selection criteria for every country are different from each other. But one thing is for sure: the applicant is invited to the nation with the main aim of establishing the venture or firm there in. In return, the contribution made to country is rewarded with its Permanent Residency (PR) whereupon an expat enjoys many benefits. The plan is fully fueled by the action that is put into practice with the aim of benefiting the destination–either by investment, or starting of a firm or a venture there in.
Basically, there are two categories that allow hassle-free migration. Either apply for a Provisional Visa or apply for the Permanent Residence (PR) Visa.
Business Migration Requirements:
Apart from these Business migration eligibility criteria, there are certain necessities that one requires proving:
Are you aware of the fact that the Australia Investor Visa is packed with many options even as the country has numerous enticing visa options, available on the temporary and permanent basis? The Investment Visa is based upon its point system. Under it, you need to secure 65 points in total.
Business Innovation and Investment (Provisional) Visa under the Subclass 188 helps the applicant-investors cross the borders provided they are eligible for immigration.
Your capital funds is the main reason of granting visas for you, but still there are other requirements that need to be fulfilled to move to Kangaroo Land.
Australia Investor Visa Points System is governed by:
The total sum of 65 points scored under this classification fosters easy and convenient Australia Investor Visa.
Australia–the Land of Kangaroos–is a hotspot immigration destination for those who are looking for an opportunity to invest in a foreign country. At a time when some specific countries, like the US and the UK, have almost closed their doors on the immigrants, Australia is attracting them, and a large number of investor immigrants are moving to it to get Australia Investor Visa.
These visas allow the applicants to enter the country as investors–either to establish a venture or invest in an existing one. A lot has been already been written and discussed about the country’s other popular Investor Streams.
Here, we will talk about lesser known subclass 405 especially developed for the foreign investors who have retired and want to start a new innings in Down Under to contribute towards its economic growth and lead a peaceful life with their spouse or common law partner.
Subclass 405 – Retirement Australia Investor Visa
It is basically a temporary visa designed especially for the retired self-funded people, who are keen to spend their retirement days in the country. The stream also allows the partner/spouse to come to the nation. However, one cannot bring along his dependents. You can apply for the same either from within or outside of the country.
Under the stream, you are most valuable if you successfully meet the following eligibility criteria:
How to Apply?
Well, if you are a retiree and keen to immigrate to Oz using the Subclass 405 – Retirement Australia investor visa, as an applicant, you will have to go through the multifaceted immigration procedure and lengthy documentation, and in case if you miss any of the important key aspects, then you are likely to miss the golden opportunity. And for sure, this is the last thing you will want as you are required to complete the formalities within the given time frame. Under such difficult circumstances, assistance from a trusted immigration consultant will certainly prove to be of utter importance.
Besides the above mentioned class, there are number of provisional visa streams, such as the Subclass 188 Business Innovation and Investment Provisional Visas. The category is valid for four years, and has five broad streams such as:-business innovation, investor, significant investor, premium investor and Entrepreneur. The eligibility criteria and the investment amount required to invest vary.
USA L-1A Visa
USA L-1A intra-company transfer visa is an excellent category for large, medium and small sized corporations based outside India, to start their business operations in USA. To manage such new business office in USA, the company is permitted to nominate any of its directors, partners, owners, senior managers or executives (and his accompanying spouse and dependent children below 21 years) to make a visa application under USA L-1A visa category. For serious and genuine visa applicants who will conduct serious business in USA, this is an excellent visa option to make USA their and family’s home in the long run under the EB-1C category.
The USCIS, to begin with, will sanction his USA L-1A Visa for a time-frame of 1 year even while it may be duly revived two times, 3 years at a given time, for a combined total of 7 years. The USCIS will wish to witness proof of a business diagram, and this covers financial projections for both the US branch & the overseas parent firm.
The L recipient, who is arriving in the country with a view to open a fresh place of work could be categorized as a manager or executive for the duration of the one year needed to reach the “doing business” stage in case the issues enfolding the institution of the planned group are such that it may be likely that the group will – inside 12 months or one year – offer backing to an executive or managerial opening. The issues to be duly mulled over comprise the amount of investment, the proposed personnel structure, service or produce to be offered, physical infrastructures, besides the feasibility of the overseas operation.
Even though it is likely that an executive or manager– who is needed to open a fresh firm or bureau–will be more enthusiastically associated in everyday businesses for the period of the first phases of the business, he should also possess the power, and have plans to employ workers and also have a great deal of freedom in making decisions about the association’s objects & management.
This category is more applicable for situations where overseas businesses are planning to open their branch or subsidiary offices in USA and wish to place a senior manager or executive in USA to manage the affairs of the proposed branch office or subsidiary. Companies already having their branches or subsidiaries in USA L-1A Visa also use this visa category to get additional managers or executives for their growing US business interests.
“Managerial” explains a position in which the migrant worker supervises the firm, a branch, or a subdivision. It is crucial that the manager possesses the power to control, manage, employ, and fire other workers. He should have discretion over everyday operations. The regulation does not include the first-line supervisors, barring those responsible for professional-level employees. The same does not cover employees principally accountable for the manufacture of goods or provision of services.
The universal decree is that a manager should manage other managers or supervisory-level workers. In case the condition offers a difficulty, one option is to prove that the manager directs individuals who possess expert degrees at the Bachelor’s Level needed for their jobs. Managers do not have to direct layers of persons in case they are efficient managers.
A functional manager is an individual who is a senior person inside the firm and/or who supervises an indispensable task. It is not necessary that these functional managers supervise a department with workforce. They could handle a role.
With a view to make the grade as an executive, the alien employee’s major functions should have included the direction of the management of the whole group or one of its primary components. It is vital that the worker has had broad discretion in decision-making, and has been subject to not more than general management by superiors. Workforce, in point of fact, associated with the manufacture of goods or services are not qualified.
The worker should have managed some workers. Executive capability does not comprise those who carryout high-level but personnel-remote activities. An executive does not unavoidably have to supervise a huge figure, or tiers of workers. It fits into the depiction of manager.
The USCIS duly identifies 4 different business structures as subsidiaries even while the common constituent in every case is control by the parent group of both the migrant worker’s overseas recruiter & the future US recruiter.
Any legal body of which a parent firm owns–either via direct or indirect ways—over 50% & exercises power over the body. A business possessed 50% by a parent firm with control of the body. A 50-50 Shared Undertaking directly or indirectly, possessed 50% by the parent firm, and equally managed by the parent firm, in which the parent firm has the important veto power. Any unit of which–either via direct or indirect methods–a parent firm owns less than 50%, but over which the same, i.e., the parent firm, has real power.
Affiliate (the same comprises joint ventures organized in the US.): It’s basically a kind of subsidiary. The L-1 affiliates are typically either one of two subsidiaries of a common parent, or one of two entities possessed by a common group of people. Each owner should own roughly the same share of each body.
50-50 Joint Undertaking: Should be either directly or indirectly possessed 50% by the parent firm, and uniformly controlled by the parent firm, in which the parent firm has the veto authority.
L-1B Visa for Specialized Knowledge Workers
This is applicable for situation where – like IT companies and others – that wish to get staff from overseas offices to perform specialized tasks in USA operations of the principal company.
The US L-1B Visa is basically meant for the specialized knowledge workforce. It is essential that the aspirants for the permit possess expert knowledge of the firm’s goods and/or processes. The specialized-knowledge workers should have a thorough understanding of the organization’s goods and/or services and also the global markets for those goods and/or services, OR they possess advanced knowledge of the firm’s processes and practices.
It ought to be knowledge that may be gained only via experience with that recruiter/job-provider, such as skill with proprietary software or tactics unique to the organization, which is also crucial to the group’s competitiveness. Knowledge which is extensively held or associated with common practices or procedures and which is readily obtainable in the job market of the US is not specialized for objects of L categorization.
It is a requirement that the level of knowledge needed & the employment of the particular migrant should directly involve the petitioner’s proprietary interest. With a view to be proprietary, it is vital that the knowledge relates to something, which relates solely to the petitioner’s business.
The USCIS has duly identified these features of a worker with specialized knowledge–all of which ought to be present to guarantee success.
The L-1B recipient should:
L-1B Visa Permit Requirements
The manager or executive being transferred to the US operations of an overseas business entity should meet the “Specialized or expert knowledge” Criteria. Such “Specialized or expert knowledge” may refer to a skill in the company’s’ practices & processes or may relate to following areas of the petitioning businesses’: Its creation, its services, its tools, practices and administration, or new interests, and its usage in global markets. Key factors which form basis a L-1B visa petition are:
For all the awareness, that L-1 regime has generated over the years, the fact is that the fear related to the probability for conflicting adjudicatory standards at the different constituent posts and officers exists in reality and unambiguous standards would enable for more dependable adjudication. The problem is especially acute while deciding on L1-B visa applications for executives with “specialized knowledge”, which is defined as follows:
“An alien is considered to be serving in a capacity involving specialized knowledge with respect to a company if the alien has a special knowledge of the company product and its application in international markets or has an advanced level of knowledge of processes and procedures of the company.”
In the backdrop of the virtual lack of statutory simplicity or interpretative direction, determinations as to specialized knowledge by requirement will over and over again depend on the consular officer’s proficiency in the context of the particular case’s situations. Having said that there are issues, which are likely to be accepted as legitimate for making “specialized knowledge” determinations.
The same may mean, for instance, that the worker would be working for an off-site, unaffiliated group that has no IT division, and so the worker would be employing specialized knowledge that only the petitioning organization may manage or weigh-up. The same may also mean the worker is working on a proprietary venture involving knowledge and skills particular to the petitioning recruiter and not owned by the unaffiliated organization. Conversely, an off-site worker working in the IT division of an unaffiliated firm who is not under the direct management of the petitioner, or working on a proprietary venture involving knowledge and skills particular to the petitioner would, perhaps, not be accepted for the L position on the basis of job shop concerns.
Located in Central Europe, the Unitary Parliamentary Republic of Hungary offers excellent atmosphere and opportunities to all including the dynamic businessmen and investors. There are vast Business Opportunities in Hungary.
The country has capitalized on its amazing geographical location, and has become a logistics and manufacturing powerbase. It is an ideal place, either to expand existing firms or establish a completely new firm, courtesy its well-developed infrastructure, well-built industrial sites, science parks, official space, and cheap & educated labor.
Governmental incentives for the foreign business professionals, in the form of subsidized services and tax allowances, are major pull for numerous foreign firms looking for an opportunity to grow. The decades old investment friendly economic policies of the nation has started delivering results, in terms of country’s economic growth.
The popular industries in the country are Information Technology (IT), food processing unit, poultry and egg plant, textile manufacturing, plumbing, etc.
Business Opportunities in Hungary, mainly in its capital city, have been unexpectedly enhanced over the course of the past few years as a result of tremendous increase in the number of companies established here. But despite of the number of attractive incentives, establishing a business venture in Hungary can be somewhat tricky and complicated.
Perhaps, if you are thinking how you can make the most of the business opportunities in Hungary, then the Residency Bond Programme is the answer to your prayers. Blessed with several benefits, the programme has been successfully attracting numerous investor immigrants to its shores. As per some economists, the programme is widely accepted, especially by those who are looking for an opportunity to invest in Hungary or in Europe.
You will be surprised to know that besides the personal net worth or management experience the country does not ask for any specific qualification. However, the concerned Hungarian Immigrant officer reserves the right to call the applicant for a personal interview.
The widely accepted programme requires an investment of EUR 300,000 in government bonds, for a fixed period of five years. Once the tenure ends, applicant receives back his capital in full, at zero interest rate.
At the initial state, the investor is issued a Permanent Residence (PR) Visa with a validity of five years. At no extra cost the PR Visa can be renewed, and if you wish to become a Hungarian resident, then you can apply for the same soon after eight years of your stay in the country.
Certain changes were made in the programme in July 2016 and according to which the processing time has been substantially reduced and now it stands at just four weeks.
Hungary Business Programme Top Points