If you plan to buy an existing business or start a new business in Canada, you can choose a suitable business immigration option from the available programs. canada immigration from dubai is easy if you know the processes and requirements of the various programs. The process and requirement for the provincial business immigration to Ontario is discussed here.
Ontario Business Immigration Program
Ontario is a Canadian province with the most educated workforce. You can find more than 60% of the population has a post-graduate degree. To start a new business in Ontario is a great choice to generate huge profits with the help of these skillful laborers. The cost of living in Ontario is quite low. The taxes levied for businesses are less than any other province in Canada. There are two options to apply for a business or investment visa for Ontario. They are Ontario Corporate Stream and Ontario Entrepreneur Stream. The common requirements for applying these two visas are listed below.
Ontario Corporate stream requirements
• You should have an established business for at least 36 months outside Canada
• You should own a public corporation, sole proprietorship, or partnership
• You should invest a minimum of $5 million CAD to establish or buy an existing business in Ontario
• You should create at least 5 jobs for the permanent residents of Canada
• You should provide the average wage paid for the level of work
• The new business should be linked to the parent company as a branch
Ontario Entrepreneurial Program – Main requirements
• You should have at least 3 years of experience in the business
• You should have a net worth of $1500000 CAD in the Greater Toronto area and $800000 CAD anywhere else
• In Greater Toronto area, you should invest $1000000 CAD and $500000 CAD anywhere else