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Countries across the globe have created attractive permanent residency programs for entrepreneurs, businesspersons and HNIs. With a favourable immigration climate now is a great time for you to explore your options of settling abroad with your family and setting up business operations. CBC can help you identify the right residency option based on your preferences and future plans.
Many countries offer an Investment or Business Visa to encourage immigrants who have proven experience in running a business and are interested in establishing a business overseas or invest in another country. They could be interested in opening either a new business venture or buying an existing business located overseas.
Australia and Canada have an Immigrant Investor Program which offers migrants the option of having an alternate residency status while continuing to manage already existing businesses in their home country.
These investor programs seek to attract potential overseas investors who have enough personal net worth and managerial experience.
Every country that offers an investment program has its own set of requirements and eligibility criteria. Talk to Y-Axis today for more information.
Benefits of settling abroad as an entrepreneur
The permanent residency programs for investors and entrepreneurs are typically designed to offer individual as well as business benefits like:
- Access to high standard of living
- Settle with your dependants
- Access to international opportunities
- Favourable investment policies (varies by country)
- Travel benefits allowing you to conduct business globally
- Fast track to citizenship
Eligibility for entrepreneurs & investors Visa
Different countries have different criteria to assess applicant eligibility. Broadly, the assessment criteria are:
- Availability of funds to invest overseas
- Prior business profile
- Proficiency in English or local languages
- Business credentials & banking history
- Health & conduct evaluation
How CBC can help you?
CBC helps investors and entrepreneurs take the right decisions with our comprehensive immigration solutions. We analyse your profile and suggest the best solution that meets your personal and business goals.
Our Entrepreneur Advisory Report that advises you on your options
CBC has the know-how of intricate procedures, policies and opportunities for your visa needs.
An experienced CBC Investor Visa expert will assist you at every step of the process
Read Most Frequent Questions of Investor VISA
The investment amount for an Investor Visa majorly depends on the country that you are investing in. Different countries have different eligibility criteria for an applicant’s eligibility. Some countries have different eligibility criteria as per the state you are investing in, like Canada.
For an Investor Visa under the British Columbia Provincial Nominee Program, the minimum investment amount is CAD $200,000. You also need to have a personal net worth of at least CAD $600,000.
For the province of Manitoba in Canada, you need to invest at least CAD $250,000 if you wish to set up your business in the Manitoba Capital Region. To set up a business elsewhere in Manitoba, you need to make a minimum investment of at least CAD $150,000. You also need to have a personal net worth of CAD $500,000.
To apply for a UK Innovator Visa, the minimum investment amount is £200,000.
Thus, the investment amount differs as per the country as well as the visa category.
International students in the UK who have a viable business idea may apply for the Tier 1 Graduate Entrepreneur Visa. This visa allows the Visa holder to set up their own business in the UK. Thus, successful applicants are allowed to extend their stay in the UK to set up one or more than one business in the UK.
You can apply for the Tier 1 Graduate Entrepreneur Visa if:
- 1. You are not a citizen of any country in the EEA (European Economic Area) or Switzerland
- 2. You should have graduated from an educational institution in the UK and should be officially endorsed for having a viable business plan
- 3. You meet all the other eligibility requirements
However, the UK will not accept any new applications for the Graduate Entrepreneur Visa from 6th July 2019.
The Tier 1 Graduate Entrepreneur Visa is being replaced by the Start-up Visa.
This visa category exclusively caters to entrepreneurs with high potential who are starting a business for the first time.
The application for this visa can be submitted three months before your intended date of travel to the UK. Other
eligibility requirements include:
- Are not a citizen of the EEA and Switzerland
- Wish to set up a business in the UK
- The business idea must be endorsed by a higher education institute in the UK or a business organization that supports UK entrepreneurs
- No requirement for an initial investment
- Applicant must be at least 18 years old
- Applicant must fulfill English language requirements
- Applicants must have enough funds to support their stay in the UK
Eligibility requirements again are based on the country and the type of investor visa you are applying for.
For instance, if you are applying for the Subclass 188 investor visa for Australia, you must qualify for either one of the three visa sub-categories:
- Business Innovation
- Business Investment
Classification as a significant investor.
The investor must be below 55 years when submitting the application. They should have a detailed plan for the business or be willing to invest in an existing business in Australia. They should have at least 65 points which are based on various factors that include age, education, previous business activities, and investment experience.
If you are applying for the Nova Scotia Nominee Program (NSNP), you must be above 21 years, your net worth must be at least CAD 600,000. You must be willing to make a minimum investment of CAD 150,000 to establish your business in the province.
You must have at least three years’ experience in running a business or 5 years of experience in a senior management role. You must have an intention to settle in Nova Scotia.
The application process for an Investor Visa differs from country to country. Every country that offers an Investor Visa has a different set of requirements that needs to be met before you apply for the Visa.
For example, if you wish to apply for the UK Innovator Visa, you can submit your application to the UKBA. You will need to include a detailed business proposal along with the other supporting documents for the UK Innovator Visa.
However, if you wish to apply for the Investor Visa in any province in Canada, you need to first submit an online profile. If your online profile is selected, you may then proceed to submit your business proposal and visa application.
Since the application process differs from country to country, it is best to seek the advice of an Immigration Expert. Also, Investor Visas are expensive and hence it is highly recommended to seek the advice of an Expert to get the right guidance.
The requirements of an Investor Visa differ from country to country. Hence the documents needed will also depend on the country that you are applying for.
The documents required also depend on the Visa category that you apply for.
For example, the document checklist for the UK Innovator Visa is different from the Sole Representative Visa of the UK. For the newly announced Start-Up Visa of the UK, you need an “endorsement letter” from an authorized entity in the UK. Such an endorsement letter is not needed for Innovator Visa or the Sole Representative Visa.
Similarly, the document checklist for the various Investor Visas in different provinces of Canada is different.
It is highly recommended to consult an Immigration Expert while applying for an Investor Visa to get the right guidance. Not only will the Expert be able to explain to you the whole process but also guide you on all the supporting documents required.
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