Business Class:
This immigration stream encompasses three distinct immigration programs:
- Entrepreneurs;
- Investors;
- Self Employed individuals.
The underlying rational for this immigration stream over its three distinct programs is the attraction of individuals with significant experience in the business world and an ability to carry capital investments in Canada. The Business Class was designed with a view towards overall economic growth and international trade expansion.
This unique immigration class entails advantages as well as disadvantages for the individual, both procedurally as well as substantively. Examination criteria differ significantly when compared with the other financial immigration avenues.
Moreover, there is a contractual aspect in which the applicant undertakes an obligation vis-à-vis the Canadian government to uphold the conditions of the program. Amongst the criteria under this stream, there is a simple criterion of job creation, both for the applicant as well as for Canadian citizens or permanent residents other than himself or herself.
The general standards dictating entrance within this immigration class are as mentioned:
- Business experience;
- Available capital for investment;
- Undertaking contractual obligations.
The applicant is required to put forward a comprehensive application case to meet each of the program’s criteria. The applicant also assumes continual reporting obligations with respect to his/her undertakings.
Under this stream, a scoring system is used to measure the following criteria:
- The age of the applicant;
- Education;
- Language Skills;
- History of business experience;
- Additional adaptability criteria.