Hi,
I have been trying to understand each possible immigration option. There is one thing about self-employed visa I cant quite figure out and I hope one of you can show me some wisdom:
Example Case:
1. A person has a registered/incorporated business for more than two years.
2. This person has been and is still working to get the business ready and product marketable; which also means the business is not yet generating any profit and the business owner has to survive on other income sources or saving.
3. The business is real because this person has been making more and more business related expenses over the two years, of course he/she has been paying business tax too for each year.
Can we say that this person IS indeed a self employed person?
I personally think 2-4 years time to prepare for a business is quite normal and as long as the business owner is paying tax, it is a serious business (and in reality some business make money, some dont for a certain time period such as the first few years, some unlucky ones tho actually end up losing money) This person is not making things up just because he/she wants to get the visa - he/she pays for expenses and taxes to run the business. He/she may just want to move the business to Canada for a better cultural, legal environment, market, etc.
I cant quite figure this out because there is clearly no minimum asset required for this type of visa(except for the applicant has to have enough fund for landing, a little less than CAD 12,000 I think) There is nowhere I can find a minimum number for the income you need to make from your business if you want to apply as a self-employed person either. Also, it doesnt say that your business can NOT lose money...
All you have to show is that you intend to start or perhaps move your business to Canada, and that you have 2 years of experience in the business, plus you have enough educational/professional background to show that you indeed may be able to make the business a success one day, and you can at last be able to support yourself then
In fact, you dont need to have experience owning any business at all!! All you need to do is to prove that you do have minimum 2 years of self-employed experience in certain fields.
This bring back the same question: Can we say that this person IS indeed a self employed person?
Does anyone know what the correct answer could be for a case like this? I really hope expert users can kindly spend a few minutes to answer my question.
I am serious asking this question; not trying to waste anyone's time here. Many thanks in advance for taking your time to answer this sort of weird question.
I have been trying to understand each possible immigration option. There is one thing about self-employed visa I cant quite figure out and I hope one of you can show me some wisdom:
Example Case:
1. A person has a registered/incorporated business for more than two years.
2. This person has been and is still working to get the business ready and product marketable; which also means the business is not yet generating any profit and the business owner has to survive on other income sources or saving.
3. The business is real because this person has been making more and more business related expenses over the two years, of course he/she has been paying business tax too for each year.
Can we say that this person IS indeed a self employed person?
I personally think 2-4 years time to prepare for a business is quite normal and as long as the business owner is paying tax, it is a serious business (and in reality some business make money, some dont for a certain time period such as the first few years, some unlucky ones tho actually end up losing money) This person is not making things up just because he/she wants to get the visa - he/she pays for expenses and taxes to run the business. He/she may just want to move the business to Canada for a better cultural, legal environment, market, etc.
I cant quite figure this out because there is clearly no minimum asset required for this type of visa(except for the applicant has to have enough fund for landing, a little less than CAD 12,000 I think) There is nowhere I can find a minimum number for the income you need to make from your business if you want to apply as a self-employed person either. Also, it doesnt say that your business can NOT lose money...
All you have to show is that you intend to start or perhaps move your business to Canada, and that you have 2 years of experience in the business, plus you have enough educational/professional background to show that you indeed may be able to make the business a success one day, and you can at last be able to support yourself then
In fact, you dont need to have experience owning any business at all!! All you need to do is to prove that you do have minimum 2 years of self-employed experience in certain fields.
This bring back the same question: Can we say that this person IS indeed a self employed person?
Does anyone know what the correct answer could be for a case like this? I really hope expert users can kindly spend a few minutes to answer my question.
I am serious asking this question; not trying to waste anyone's time here. Many thanks in advance for taking your time to answer this sort of weird question.