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The Immigrant Entrepreneur programs are now the best way to immigrate to Canada.

Canada is one of the most saw after countries in the world to immigrate to. Every year the country accepts over 350,000 new permanent residents into its shores. Canada’s core value is tolerance and acceptance of others. The annual Gallup survey ranks Canada as the most tolerant country toward immigrants in the world. This is due to a long history of open immigration, a striving economy and its ability to pick and choose the best candidates.

Nevertheless, due to its popularity, there is a long waiting line to get accepted as an immigrant. Being wealthy doesn’t necessarily help you either. As of today, the popular Quebec immigrant investor (those who invest $1.2M) have an application processing time of around 5 years. Most immigration programs to Canada are long and can take a few years before the applicant receives his/her permanent residence. But there are some other less advertised paths that have been created in the last few years that offer a faster and better path.

The BC PNP Entrepreneur

The BC PNP Entrepreneur and its Regional Pilot program are in our opinion the best path into Canada for business people. PNPs or Provincial Nominee Programs enable Provinces to select their temporary residents. The processing of the applications is done in a few short months and permanent residence can be obtained in as little as 6 months after landing after certain conditions are met.

The BC Entrepreneur requires the applicant to start a business in the province or buy an existing business. It’s a point-based program, where applications receive points for their profile and business idea. You not only need to obtain a minimum amount of points but also score high enough for your applications to be selected in face of competition. Investment minimum can vary and usually start at 100,000 CAD for the Regional Pilot. The tricky part is that it’s harder to qualify in Vancouver than in other places in the province. To be able to settle in Vancouver, you might need to invest significantly more.

Overall, it’s a great program to apply to, but the process is complicated and usually requires the help of a professional. This is why the favoured way is usually to buy an existing business model. A popular option that has been fitted to qualify for the BC PNP Entrepreneur has been the ‘’Smart Hotel’’. These Smart Hotel are 6-15 room hotels operating similarly to vacation homes. Guests can check into their room using on their own and most of the management and marketing are done by technology. To qualify for down-town Vancouver, the Smart Hotel usually requires an investment of around 600,000 CAD to 1.5m CAD depending on the applicant profile. (Contact us for more information on the Smart Hotels)

The Ontario PNP Entrepreneur

The ON PNP Entrepreneur is very similar to the BC PNP Entrepreneur. It’s also a point-based program with very similar criteria. Just like in British Colombia, applicants will most likely require more funds if they want to start a business in the main city. The Ontario Entrepreneur program also offers a simplified path to innovative startups. The Smart Hotel option is also possible in Toronto and requires an investment above 1m CAD, but significantly less in other places of the province.

These programs are the best path to Canada, but also the most complicated ones. This is why the option of the ”Smart Hotel” was designed to facilitate the process for the applicant. You can expect to become a Canadian citizen in just 4-5 years. It has become a great alternative to the Quebec Immigrant Investor program.

The Global Residence Index has the most extensive database on the world’s residence and citizenship programs. Our purpose is to provide information, feel free to contact us if you need more. If you need professional help, let us know and we will direct you toward a trusted expert in your area.

Canada Immigrant Entrepreneur programs

The Global Residence Index has the most extensive database on the world’s residence and citizenship programs. Our purpose is to provide information, feel free to contact us if you need more. If you need professional help, let us know and we will direct you toward a trusted expert in your area.