Want to immigrate to Canada for Business Purposes? Get Assistance Here - suma law

 

In this era of globalization, the boundaries are not as hard to cross as were in the 20th or 19th centuries. If you want to fly to any country it is just a matter of a few dollars. You only need to get a plane ticket, maybe a taxi in case of neighboring countries to cross the border and to be a part of their economy and life. However, if your action is impacting their economy then you might require some paperwork and documentation made compulsory by the regulatory bodies around the world on the international and domestic levels.

In countries like Canada, you have to complete some formal and legal requirements for personal or Business immigration in Canada. So in this piece of writing, I am going to explain all the legal obligations that you have to meet if you want to be a part of Canada’s economy by establishing a business there. Additionally, I am also going to introduce the Suma Law Office to you which has 20+ years of experience in the field of Canada-focused immigration.

List of Legal Requirements

 For the growth of the Canadian economy, the Government of Canada always seeks investors and entrepreneurs from all over the world who want to establish and run businesses across borders and help in the growth of different countries economies. To attract them to Canada, the government runs fast-tracked business immigration programs along with some legal obligations. Let’s consider all of them individually.

Before we dive deeper into those preconditions please keep in mind that every province of Canada has its own rules and regulations regarding setting up a business or investing. So before making any final decision keep in mind that you have to consult with an expert law firm that can professionally deal with Canadian immigration-related tasks. I am pleased to recommend you Suma Law which can help you professionally in these business tasks to bring you success.

 

Let’s read all those obligations that are almost the same in all provinces of Canada and federally acceptable, however, expert advice is still recommended as along with rules and regulations the registration fee also varies with the province. Please note, some of the below requirements also applied to those who are looking to Renew Permanent Resident Card Canada.

Minimum Investment: The first requirement for any startup or established business to be a part of the Canadian economy is the minimum investment. As of now, a startup must secure $200,000 from an approved organizer or at least $75,000 from a designated angel investor. However, businesses in incubator programs aren't required to secure an investment. If your business does not want to secure an investment, Suma Law officials can guide you through the process, you can contact them via their official website mentioned below.

Visa for Initial Stage: Only after meeting all the minimum investment-related requirements you should go for a Visa. There are several options for Visas available. You simply can choose one that fits your business needs. If you are still in the planning stage then it is recommended you obtain a multi-entry visa as it can allow you to enter and exit Canada freely for up to 10 years. This will help you to visit the country multiple times for research purposes and find the location that fits your needs before you make a final commitment. It also provides you with opportunities to explore other visa programs that you might be eligible for.

Business Registration: Now the next step is to register your business in Canada. The one positive thing here is that you do not need to be physically present in Canada to register your business. In some jurisdictions, to register your business, the company director should be either a Canadian citizen or a permanent resident as an obligation to register your business. However, except in some specific cases, a Canadian director isn't necessarily required to own the entity of your business. I understand that as a startup it might be difficult for you to go through this process on your own and you might need some kind of professional assistance. As we mentioned above you can hire Suma Law Professionals to deal with all the above-explained obligations.

Apple for LMIA: If you want to start your business on an immediate basis business registration is not enough as you also need to apply for LMIA which is a Labour Market Impact Assessment of your business. LMIA ensures that as a foreigner operating a business won’t negatively impact Canada’s labor market means your business will not reduce jobs for Canadian citizens or permanent residents. This application requires you to provide a detailed business plan that indicates the intention of the business.

Wrapping up

The Canadian Government is offering lucrative offers to all foreign entrepreneurs to attract business in the country. However, along with it, Govt. has to consider financial and other factors so it won’t negatively impact the local businesses and national citizens of Canada. So there are multiple legal requirements pushed on foreign entrepreneurs. To meet all the legal requirements and other law-related issues business owners can get professional assistance not only for permanent residence but for a temporary resident visa for Canada also. If you are the one who is looking for assistance then feel free to visit https://www.sumalaw.com and unlock multiple opportunities for your business success, Right Now!