Immigration-Canada Business Immigration Is Economy Booster
Canada's Business Immigration Plan is a plan started by the
Canadian Government to attract experienced people with money in
order to boost the Canadian economy.
Prospective immigrants must have a net worth of at least
$800,000 and must make an investment of $400,000 in the Canadian
economy.
There are 3 classes of Business Immigrants, each with separate
eligibilty requirements.
Investors The Immigrant Investor Program (IIP) wants to find
experienced business persons and their capital to Canada. The
Immigrant Investors must demonstrate business experience and a
legally obtained minimum net worth of CAN $800,000, and must
make an investment of $400,000 in the Canadian economy. .
Entrepreneurs The Entrepreneur Program is searching for
experienced business persons who will own and actively manage
businesses in Canada that contribute to the economy and create
jobs. Entrepreneurs must demonstrate business experience and a
minimum legally obtained net worth of CAN $300,000, and are
subject to conditions upon arrival in Canada.
Self-employed persons The Self-Employed Persons Program seeks to
attract applicants who have the intention and ability to become
self-employed in Canada. Self-employed persons are required to
have either (a) relevant experience that will enable them to
make a significant contribution to the cultural or athletic life
of Canada, or (b) experience in farm management and the
intention and ability to purchase and manage a farm in Canada.
The province of Quebec operates its own immigrant investor
program. All investors in the Quebec program must both be
destined to live in Quebec and selected by Quebec. Between 1986
to 2000 most Business Immigrants were from Hong Kong, 7,678 or
39.91% of the total number of Business Immigrants.
How effective has this program been in creating jobs and in
bringing investment to Canada? According to Statistics Canada
2000 figures were; full time jobs created 1832, part time jobs
created 918.
Canada has an underpopulation problem and has found itself in
the same situation as Japan and many European countries. It
should actively promote immigration because there is a
diminished fertility rate just like in most European countries
and Japan.
In Japan things are so bad that only 14% of its population is
under the age of 15.
One solution, starnge though it may sound, is to end abortion.
Some observers say that if abortions in Canada halted, the
population numbers would be above replacement levels within a
year.
At present there are 3 categories of Immigrants to Canada:
Skilled Worker: This category is for professionals and skilled
tradespeople with at least one year of continuous work
experience.
This class is the most popular class and is also known as the
professional class or skilled worker class and the application
is assessed based on a point system. An individual should make
an application under this class if he/she wishes to come to
Canada based on his/her qualifications, work experience and
knowledge of the English or French language. Special provisions
apply for immigration to Quebec
Business Class: This category is for managers and business
owners with high net worth, and requires an investment in Canada.
This class is also known as the business immigration class. One
should make an application under the entrepreneur class and
self-employed class if he/she wishes to start a business in
Canada. A person should make an application under the investor
class if he/she DOES NOT wish to start a business in Canada.
Family Sponsorship: This category is for citizens and permanent
residents of Canada who want to sponsor a close family member.
Pierre Trudeau changed Canada's immigration laws and opened wide
the country's doors to Africans, Asians and West Indians as part
of an attempt to fill its huge, underpopulated hinterland.
The result is that today eighteen percent of the population is
now foreign-born compared with about 11 percent in the United
States, with little or no debate over whether the effects of
such change in culture, demographics and national identity is
good or bad.
Only in the last 10 years or so have Calgary, Toronto, Montreal
and Vancouver, with one third of the population, become
multicultural polyglots, with the towers of Sikh temples and
mosques becoming mainstays of the skylines and cuisines and
fashion becoming concoctions of spices and patterns that are in
the vanguard of globalization.
One of the advantages of this cultural diversity is that the
population has become more like Europe and has become more
tolerant of different views than the United States. However,
gun-related crimes in the major cities are increasing at an
alarming rate.