rael estate business and immigration

[business1]

I would like to know if invest in an apartment building in canada and actively manage it,
can I apply for a PR visa as an entrepreneur?

 

[BCguy]

I dont know about the Federal,But on the Provincial Level,That is an Ineligible Business,We would deny that application,Probably same for the Goverment of Canada

 

[ghiaskhan]

Hi.

Business for the purpose of immigration to canada means a "voible business" that can generate employment of at least one person through your share in the business registered in Canada. you must have at least 25% share in that busness. Apparently investment in Real estate doesnot entitle you to a business class immigration as owning a building doesnot generate employment.
regards
GK

 

[Leon]

Apparently investment in Real estate doesnot entitle you to a business class immigration as owning a building doesnot generate employment.

What if you own a building and hire a full time manager?

 

[BCguy]

Apparently investment in Real estate doesnot entitle you to a business class immigration as owning a building doesnot generate employment.

What if you own a building and hire a full time manager?

A Building Management Company business might be considered under our PNP

 

[ghiaskhan]

If you intend to immigrate as an entrepreneur.Please note the following:-

Qualifying Canadian business means a business operated in Canada by an entrepreneur—other than a business operated primarily for the purpose of deriving investment income, such as interest, dividends or capital gains—

Full-time job equivalent means 1,950 hours of paid employment.

If your business would fall within the boundries of a "Qualifying Canadian business" and you will be in a position to employ a canadian national or a permanent canadian resident in a full-time or equivalent job.You may be considered for Permenant resideence as an entrepreneur.

"The Immigrant Investor Program" seeks to attract experienced business people to invest C$400,000 into Canada’s economy. Investors must:

+show that they have business experience
have a minimum net worth of C$800,000 that was obtained legally and
make a C$400,000 investment.
+Your investment is managed by Citizenship and Immigration Canada (CIC) and is guaranteed by the Canadian provinces that use it to create jobs and help their economies grow.

+CIC will return your C$400,000 investment, without interest, about five years and two months after payment

 

[Leon]

The federal investor program in Canada requires $400,000 investment. Many of the provincial nominee programs require much less, maybe $150,000 or $200,000

 

[ghiaskhan]

I understand LEON is a source of Knowledge,he has indeed completed the information by refering to provincial programmes.

regards

Gk

 

[BCguy]

To add to that I WORK for the BC goverment and know our PNP rules that real estate investment or brokerage is not covered but property management may be considered,The regional investor program of BC requires 200,000 dollars only

 

[ghiaskhan]

Thanks for the information.Can someone add more about Ontario & other provinces?

 

[Leon]

Ontario PNP business section is at http://www.ontarioimmigration.ca/English/how_business.asp and I could not find any reference to their own investor criteria. It links back to CIC requirements.

Alberta has only a self-employed farmer stream and you have to invest $500,000 see http://www.albertacanada.com/immigration/immigrate/farmers.html

Manitoba lets you come if you invest $150,000 see http://www2.immigratemanitoba.com/browse/howtoimmigrate/pnp/pnp-business.html

Newfoundland and Labrador let you come if you invest $200,000 see http://www.nlpnp.ca/entCriteria.html#NetWorth

Saskatchewan $150,000 see http://www.immigration.gov.sk.ca/entrepreneur/

BC $200,000 see http://www.aved.gov.bc.ca/provincialnominee/businessimmigrants/categories.htm#regional

New Brunswick is at http://www.gnb.ca/immigration/Information/businessapplicants-e.asp but I had a problem to find fast any concrete number for minimum investment.

Nova Scotia is at novascotiaimmigration.com/AbsPage.aspx?ID=1040&siteid=1&lang=1 but I could not find a business/investor class in there.

Prince Edward Island $200,000 see http://www.gov.pe.ca/immigration/index.php3?number=1014389&lang=E

Yukon $150,000 see http://www.economicdevelopment.gov.yk.ca/general/ynp.html#ent

Those are all the PNP's listed at the CIC website at http://www.cic.gc.ca/english/immigrate/provincial/apply-who.asp

 

[ghiaskhan]

I feel there is complete and adequate information. Leon & BCguy are indeed of great help. The answer to your question is there in all details ,now its for you to decide the directions.Read carefully all information ,understand the provisions of information pack & patiently complte the application.Good luck Business1.
regards
GK