Countries around the world have created attractive permanent residency programs for Entrepreneurs, Businessmen, and HNIs. With a favorable immigration climate now is a great time for you to explore your options of settling abroad with your family and setting up business operations. Achintya Immigration can help you identify the right residence option based on your preferences and future plans.
Many countries offer an investment or business visa to encourage immigrants who have proven business running experience and are interested in setting up business overseas or investing in another country. They may be interested in opening a new business venture or buying an existing business located overseas.
Residence through investment programs are also commonly referred to as the Golden Visa program. Recently, an increasing number of individuals, with talent and means, have come to explore foreign options. They have decided not to confine their business interests to a particular country only.
Investing abroad gives high net worth individuals (HNWIs) the right to relocate, work and live in their new country abroad.
Many people also explore foreign investment options for multiple accommodations for their international plan.
Australia and Canada have an Immigrant Investor Program that offers expatriates the option to hold alternative residency status while continuing to manage businesses that already exist in their home country.
These investor programs seek to attract potential foreign investors who have substantial personal net worth and managerial experience.
Each country that offers an investment program has its requirements and eligibility criteria.
Permanent residency programs for investors and entrepreneurs are generally designed to provide personal and business benefits. The best immigration programs like this one offer benefits like:
access to a higher standard of living
Different countries have different criteria for assessing applicant eligibility. Broadly speaking, the evaluation criteria are:
Top motivations that drive an individual to choose a country for investment abroad include the prospect of obtaining citizenship, the quality of life offered, and the overall business environment.
Permanent residency programs for investors and entrepreneurs are generally designed to provide a wide range of benefits to individuals as well as businesses.
Countries around the world offer attractive permanent residency options for HNIs, Entrepreneurs, and Businessmen.
Many countries offer investment or business visas to encourage immigrants who have proven experience in running a business and who are interested in setting up business overseas or investing in another country. Such persons may be interested in opening a new business venture or buying an existing business located abroad.
The major countries offering residency through investment are, among others –
Specific requirements vary and will vary by country as well as the program applying.
There are many investment options available to Businessmen and Entrepreneurs.
The most sought-after foreign investment options include –
For entrepreneurs who have the skills and ability to build a business in Canada – (1) be innovative, (2) create jobs for Canadians, and compete internationally.
Individuals with innovative business ideas may be able to immigrate to Canada through the startup visa program. Provided that they can obtain support for their business idea from any specified organization (can be angel investor groups, business incubators, or venture capital funds).
The minimum investment required – is $200,000 (if coming from a designated venture capital fund in Canada); $75,000 (in the case of a designated angel investor group in Canada).
Those planning to invest in Quebec must go through the Quebec Immigration Program.
If the application is approved, a Canadian Permanent Residence Visa will be issued. This will include Confirmation of Permanent Residence (COPR) along with the entry visa.
Under Canada’s Startup Visa Program, candidates can come to Canada on a work permit that is sponsored by their Canada-based investor and then apply for a PR visa once their business is established in the country.
This program encourages immigrant entrepreneurs to develop their startups in Canada. Successful applicants can tie-up with private sector investors in Canada to receive help with funding and guidance to run their business. They can approach three types of private sector investors:
Venture capital fund
The eligibility requirements for visa applicants are:
Have proof that the business has the necessary support from a specified entity in the form of a commitment certificate and letter of support
run a worthy business
Have the required proficiency in English or French
Have completed at least one year after secondary education
Have enough money to settle in Canada and support dependent family members
Must clear medical testing and safety requirements
Australia Business Innovation and Investment
There are several options available to individuals who wish to either start a business or invest in Australia and live as an Australian permanent resident.
Business innovation and investment avenues are for you if you – already own a business, looking to start a business, or are planning to invest in Australia.
Business Talent (Permanent) Visa (subclass 132), allowing you to either set up a new business or develop an already existing business in Australia.
The Business Innovation and Investment (Permanent) Visa (subclass 888), is targeted at business owners, investors, and entrepreneurs who wish to continue their activity in Australia.
Business Owner Visa (subclass 890), for individuals who can own or manage a business in Australia.
State or Territory Sponsored Business Owner Visa (subclass 892), for individuals who own and manage a business in Australia, allowing them to stay in Australia indefinitely.
The Entrepreneur stream under Australia’s Business Innovation and Investment (Provisional) visa category allows you to own and manage a business in Australia or conduct a business or investment activity entrepreneurial activity in Australia.
Place an offer for entrepreneurial activity in Australia
Have a financing agreement of at least AUD200,000 to do business in Australia
Have competent skills in the English language
There are seven categories in the provisional visa program:
1. Business Innovation Stream– This provisional visa allows you to operate a new or existing business in Australia. You must be nominated by an Australian state or territory government agency or AUSTRAD.
2. Investor stream– For this, you will need to have at least 1.5 million AUD in an Australian state or territory and maintain your business and investment activity in Australia.
3. Important Investor Stream– Those wishing to invest at least USD 5 million in Australian investments can apply for this visa. They must be nominated by an Australian state or territory government agency or by AUSTRAD.
4. Business Innovation Extension Stream– With this visa holders of Business Innovation and Investment (Provisional) visa can extend their stay in Australia for 2 more years. Applicants for this extension must have held a Business Innovation Stream visa for at least 3 years and must be nominated by an Australian state or territory government agency or AUSTRAD.
5. Critical Investor Extension Clause– With this visa holders of a significant investor stream can extend their stay in Australia for 4 more years. Applicants for this extension must have had a significant investor stream for at least 3 years and must be nominated by an Australian state or territory government agency or AUSTRAD.
6. Premium Investor Stream – This visa requires enrollment by Austrade and an investment of at least AUD 15 million in Australian enterprises or philanthropic contributions.
7. Entrepreneur Stream– With this visa, you can do entrepreneurial activities in Australia.
Steps to Apply for a Provisional Business Visa
You must submit an expression of interest through the Department of Home Affairs
To enroll from a state or territory or Austrade wait for a notification from them or you can contact them directly
You can apply for the visa after getting the invitation
The business of the visa holder must perform one of the following activities
Build business relationships with international markets
create jobs in Australia
access Australian goods and services
Produce goods or provide services that would have to be imported alternatively
Create new and better technology
The Business Innovation and Investment (Provisional) Visa, also known as the Subclass 188, can help you obtain permanent residency. If you have been on a subclass 188 visa for at least one year and meet the financial conditions, you can apply for your PR visa. In addition, you need to show that you have a long-term business interest by investing consistently and hiring local employees.
This visa was introduced in 2012. With this visa High Net Worth Individuals (HNWIs) can obtain a PR Visa for Australia through Investment Immigration. Applicants must be willing to invest AUD 5 million in a specific structure to qualify for this visa. Although the investment is high, it is regulated and restricted.
Commonly called the Australia Golden Visa, Vital Investor Visa to Australia provides a streamlined Australian immigration route for high net worth individuals (HNWIs) through investment.
There is no age limit for the Golden Visa for Australia.
Residence by investment is for funds of foreign nationals who wish to take up permanent residence in a country under-investing a substantial amount of money or buying property in it.
Those successful in obtaining residence by investment – along with their spouse and children – will receive a residence permit for the country in which the investment is made. These residence permits can be renewed indefinitely, provided the investment is duly maintained.
It is often little or no need to be physically present in the country to be issued a Golden Visa. However, most countries require actual residence in that country for a certain period to provide permanent Residence or Citizenship by investment.