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Starting a business and migrating to Canada

M.dot

Newbie
Mar 14, 2019
3
0
My mum has decided to to move to Canada, as she will have a lot of money due to selling of her house And other assess that would enable her to open a restaurant and buy a house and be able to work from that as well as savings, she is nearly 50. As she can’t go through the skilled worker visa due to her age. Would she be possible in doing this? As she is investing in the country etc. Please let us know what her next steps to make this happen would be.
 

scylla

VIP Member
Jun 8, 2010
65,418
9,116
Toronto
Category........
Visa Office......
Buffalo
Job Offer........
Pre-Assessed..
App. Filed.......
28-05-2010
AOR Received.
19-08-2010
File Transfer...
28-06-2010
Passport Req..
01-10-2010
VISA ISSUED...
05-10-2010
LANDED..........
05-10-2010
My mum has decided to to move to Canada, as she will have a lot of money due to selling of her house And other assess that would enable her to open a restaurant and buy a house and be able to work from that as well as savings, she is nearly 50. As she can’t go through the skilled worker visa due to her age. Would she be possible in doing this? As she is investing in the country etc. Please let us know what her next steps to make this happen would be.
She will need to find a program that she can qualify and immigrate through. Whether she qualifies will depend on her net worth and how much money she has to invest - also which province she wants to live in. I would recommend that you research the Provincial Nominee Programs to see if she meets the requirements of one of these investment programs. Does she have a specific province in mind? Here are the requirements for Ontario.

https://www.ontario.ca/page/oinp-entrepreneur-stream
 

canuck78

VIP Member
Jun 18, 2017
27,964
6,049
It looks like you are currently being sponsored by a spouse. When you say lots of money that is somewhat relative. She does still have to live somewhere so sssume she is renting or bought a smaller home. She also will have living and everyday expenses in Canada so the proceeds of the sale of her home can’t all go to a business. Does she have any retirement savings because at 50 that has to also be factored into what assets she really has to invest. Does she have experience running a business? That will be one of the big issues. Immigrating as an entrepreneur can be quite a long process so I would expect that you will get PR before her and her immigration is not guaranteed.
 

ParuMani

Full Member
Feb 23, 2020
31
3
What kind of money are you talking about.. Investor program needs around 500k in liquid assets and similar amount in other investments
 
What kind of money are you talking about.. Investor program needs around 500k in liquid assets and similar amount in other investments
For this type of demographic, who are cash and experience rich, but age poor, there are some of the PNP Entrepreneur programs that would make sense for her, especially in the food service sector. As requirements for English have been established across most of these programs, your mom would need to be able to score CLB4.

How serious is she about this?