(Business)

I have questions about Canada's Business Immigration Programs. Is there anywhere I can refer to where commonly-asked questions are answered for the various business programs?

I am a non national operating my business in a Gulf state that precludes me from owning more than 49% of the share capital of my company. I pay an annual licensing fee to the other (51%) owner and am empowered further to a power of attorney to take all operating decisions on behalf of my company. What is the percentage of equity that I should apply to determine whether my business meets the requirements for a qualifying business?

I am operating my business in a Gulf state where there are no corporate or personal income taxes. How does this effect my application?

I am currently living in Dubai, but I am often in London for business reasons. I would prefer to be interviewed there. Is this possible?

I have applied as an investor based on my business experience as a manager of over 50 employees in a company where I own a small interest. Do I have to provide financial statements for my company?

I have questions about Canada's Business Immigration Programs. Is there anywhere I can refer to where commonly-asked questions are answered for the various business programs?

The CIC website provides answers for many commonly asked questions about immigrating to Canada as a business immigrant.  These FAQ’s can be found at:

http://www.cic.gc.ca/english/business/bi-faqs.html

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I am a non national operating my business in a Gulf state that precludes me from owning more than 49% of the share capital of my company. I pay an annual licensing fee to the other (51%) owner and am empowered further to a power of attorney to take all operating decisions on behalf of my company. What is the percentage of equity that I should apply to determine whether my business meets the requirements for a qualifying business?

The regulations refer to control over the shares of the capital stock of a corporation.  You may only use 49% as your percentage of equity, notwithstanding that you may currently be able to control the operations of your company through other means.

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I am operating my business in a Gulf state where there are no corporate or personal income taxes. How does this effect my application?

Tax returns provide important third-party evidence of business activity and are available in most jurisdictions.  In order to compensate, additional documentation such as financial information prepared by a recognized public accountancy firm may be required.  There is also an increased probability that you will be asked to attend an interview to provide original supporting documentation such as receipts, invoices, cheques, bank statements etc.

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I am currently living in Dubai, but I am often in London for business reasons. I would prefer to be interviewed there. Is this possible?

You should make your preference known in your application.  Subject to resource and scheduling issues, should an interview be required, we will endeavour to meet your request and inform you accordingly.

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I have applied as an investor based on my business experience as a manager of over 50 employees in a company where I own a small interest. Do I have to provide financial statements for my company?

Financial statements are important evidentiary documents, even if not required for the qualifying business calculation.  Your company makes up part of your net worth and the production of financial statements makes it easier for a visa officer to corroborate and to get an understanding of your business activities.

If you are able to provide financial statements for your company, we recommend that you do so.

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