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investor in canada in my business - LMIA OO

rayjay2Canada

Newbie
Jun 3, 2020
2
0
I'm looking to startup a business in Canada and have a cousin in Canada that can be an investor. He will provide capital to help fund my business as well as me and I will own 75% of the business. how must this be documented on an LMIA file? must it be part of the business plan and must we show proof of funds from my cousin as well as must he actually invest in the business by purchasing equipment? Please advise.
 

canadavisaQs

Star Member
Aug 15, 2019
155
26
I'm looking to startup a business in Canada and have a cousin in Canada that can be an investor. He will provide capital to help fund my business as well as me and I will own 75% of the business. how must this be documented on an LMIA file? must it be part of the business plan and must we show proof of funds from my cousin as well as must he actually invest in the business by purchasing equipment? Please advise.
it must clearly show that the applicant owns at least 50% of the business