Creative Writing

Business class immigration

Business class immigration
of 7
All materials on our website are shared by users. If you have any questions about copyright issues, please report us to resolve them. We are always happy to assist you.
Related Documents
  As of June 2014 Citizenship and Immigration Canada (CIC) has closed two of the business class immigration programs the Immigrant In!estor "rogram (II") and the #ederal $ntrepreneur "rogram ($%) (CIC 2014a)& 'he old II" sstem reuired that in!estors ha!e o!er *1&+ million in net worth and that the in!est *,00000 in a Canadian business (Canada -usiness Immigration . In!estor Categor n&d&)& 'his in!estment was then refunded b the Canadian /o!ernment after !e ears at 0 interest& 'he $% program reuired a net worth of *00000 or o!er and ou either own and manage our own compan or will purchase at least a & share in a Canadian compan and manage it (Canada -usiness Immigration3 $ntrepreneur n&d&)& Canadas new -usiness Class immigration sstem is designed to be fast and 5e6ible to tr and eliminate the bac7log of applicants that was hamstringing the old sstem& 'he new program will in!ol!e the new 8tart39p :isa program which will connect immigrant entrepreneurs with Canadian pri!ate sector organizations to helpentrepreneurs adapt to the Canadian economic sstem& $ntrepreneurs present theirideas and businesses to Canadian angel in!estors and !enture capitalists and if therecei!e support the will be able to appl for "ermanent ;esidenc (CIC 201) & 'hedetails of the new Immigrant In!estor :enture Capital "ilot (II:C") ha!e not et beenreleased but Immigration <inister Chris Ale6ander has said that the new program will reuire in!estors to in!est more mone for a longer period of time than in the pre!ious program but language reuirements would be less stringent& In the new program in!estor immigrants will not be able to choose where the will in!est their mone and instead will be put in a single fund that will be managed b Canadian :enture Capitalists&  =ne of the ma>or problems with the old sstem was that it was !er slow at processing immigrants& ?hen it was cancelled there was a bac7log of more than +2000 people waiting to be appro!ed to come into Canada& 'he /o!ernment is tring to streamline the immigration sstem the new $6press $ntr program for #ederal 87illed ?or7ers is designed to be fast and 5e6ible to reduce the time it ta7esto get foreign nationals permanent residenc (CIC 2014b)& =ne can e6pect that the new business class programs will ha!e the same focus on speeding up applications& 9nder the old sstem business class immigrants performed signicantl worse than s7illed wor7ers and were less li7el to remain in Canada on the other hand pri!atel sponsored refugees ha!e signicantl better labour mar7et outcomes (8weetman and ?arman 201)& 'he /o!ernment is reacting to this b introducing the 8tart39p :isa program& 'he recognize that ha!ing a pri!ate organization essentiall mentor ou greatl impro!es performance in the labour mar7et& =ne of the factors in the closing of the II" was that it was essentiall a @soft loan to the /o!ernment that was repaid after onl !e ears with zero interest& 'he /o!ernment would rather see that mone sta in the sstem longer and pro!ide more benets to the Canadian econom& 'he changes to the $% program will help the Canadian econom as well as impro!e the performance of business class immigrants in the wor7force& 'he new 8tart39p :isa "rogram is a good wa for the /o!ernment to ensure the success of entrepreneurs coming to Canada& 'he data showed that pri!atel sponsored refugees were doing noticeabl well in the labour mar7et and setting up the same 7ind of program will impro!e the chances of new entrepreneurs that immigrate to Canada& 'he Canadian /o!ernment is tring to target immigrant entrepreneurs with  inno!ati!e ideas& If it wor7s the new program could create >obs and fuel Canadian economic growth b introducing new competiti!e and inno!ati!e companies into the Canadian mar7et& 'he II:C" is more dicult to ma7e a >udgement on as we are et to get the specics of the program& Although <inister Ale6ander has tal7ed about what it ma contain he has et to release the full details of the program& Bi7ethe old II" this is essentiall a wa for rich business men especiall from China to bu their wa into the countr but the price is now higher& ?hile the new program will reportedl more than double the pre!ious minimum in!estment and will be for alonger period of time <inister Ale6ander said that language and residenc restrictions will be less strict& 'he Canadian /o!ernment has been loosening up on foreign in!estment in Canadian companies especiall from China where man of the applicants in the old II" were from and the softer restrictions on language and residenc could be an attempt to ma7e it easier for rich foreign in!estors to becomeCanadians as the increase in minimum in!estment will be unli7el to matter much to super rich in!estors& ?hile the new 8tart39p :isa program is a promising addition to the Canadian immigration sstem the II:C" raises concerns& 'he funds from the program generates will benet the econom more but the ha!e done nothing about the program being a wa to bu our wa into Canada&,1 words  2002010201120122010D0010001D0020002D00000D00 %umber of "ermanent ;esidents from -usiness Class Immigration #ederal $ntrepreneur "rogram Immigrant In!estor "rogram  2002004200D200+200E200,2002010201120120100020000004000D000+000 %umber of %ew "ermanent ;esidents Intending to wor7 in -usiness ReferencesCampbell Cohen Law Firm. "Canada Business Immigration - Entrepreneur." http!!www.canada!immigration-canada-entrepreneurs.html #accessed $eptember %&' %()*+.Campbell Cohen Law Firm. "Canada Business Immigration - Inestor Categor,." http!!www.canada!canada-immigration-inestors.html #accessed $eptember %&' %()*+.Citienship and Immigration Canada. "ttracting the world/s best and brightest to Canada." 0oernment of Canada. http!!!web!article-en.do1mthd2ad$rch3crtr.mnthndVl243crtr.dpt)52666*isa3crtr.,r$trtVl2%((*3crtr.d,$trtVl2)3crtr.mnth$trtVl2)3crtr.page2)3crtr.
Related Search
We Need Your Support
Thank you for visiting our website and your interest in our free products and services. We are nonprofit website to share and download documents. To the running of this website, we need your help to support us.

Thanks to everyone for your continued support.

No, Thanks