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Can I keep my business running if I am about to lose my PR?

Konica

Member
Mar 24, 2017
18
1
I am thinking to run a business, but it requires me to go abroad a lot to develop my business.in case I don't live 2 out of 5 years, then I can't renew PR, what will happen then?
 

foodie69

Champion Member
Dec 18, 2015
2,898
868
You may lose your permanent resident status in one of the ways described above if:

you do not live in Canada for two out of five years;
you are convicted of a serious crime and told to leave Canada; or
you become a Canadian citizen.
 

Beltex

Star Member
Jan 24, 2017
191
46
Category........
PNP
Visa Office......
London UK
I am thinking to run a business, but it requires me to go abroad a lot to develop my business.in case I don't live 2 out of 5 years, then I can't renew PR, what will happen then?
If your business runs fine without you being there then good for you! There is no law says you can't keep on owning it and taking profits from it if you lose your PR it would just prevent you from working on it full time from within Canada.