US - EB5
World’s largest economy, the USA is synonymous with innovation, technology, cultural diversity and wealth. It’s one of the most resourceful and business friendly destinations to move in the world. The powerful passport and favorable rating on global indexes makes the USA one of the most popular destination among the global HNI/UHNI community.
The US EB-5 is the fifth preference visa based on employment. Under this program eligible investors can make a minimum investment of USD 800,000 in a new commercial enterprise and can apply for temporary green card along with the family. This temporary condition is removed after 2 years post verification of the qualified investment by USCIS. The US green card can lead to citizenship.
KEY REQUIREMENTS
The US EB-5 Immigrant Investor Program mandates foreign individuals to invest in new commercial enterprises. This could be either government-approved regional centers or private enterprises aiming to spur economic growth.
Investment:
- Invest USD 1050000 in non target employment. OR
- Invest USD 800,000 in targeted employment areas, either rural or high unemployment regions.
Job Creation:
- Minimum 10 permanent jobs, direct or indirect should be generated by this investment.
Both the mandates are verified at the time of removing the temporary condition in the green card.
KEY BENEFITS
- EB5 is the only program at present where investors can get a green card directly in the shortest period of time.
- Green card holders enjoy the American quality of life.
- Qualifying criteria is easy as no education or work experience is required.
- Access to the world’s best infrastructure and advance economy
- Access to the world’s best healthcare, education system and universities.
EB1
This is an Employment-Based First Preference visa. People with extraordinary abilities, research scholars such as scientists and professors, and executives of multinational companies can apply under this category. Spouses and children can apply as dependents.
Eligibility Criteria :
- The applicant must be working for a company with a presence both inside and outside the USA.
- He/she should be working for such a firm for at least 1 year in the last three preceding years.
- The applicant must be appointed as an executive or manager for the company.
- Dependent children should not be older than 21 years of age.
Key Benefits :
- Dependents can work legally with the necessary legal status.
- No minimum or personal investment is required.
- No need to create jobs.
- EB1 can be renewed every two years.
- EB1 can lead to a green card as well.
US L1 A (Intra-company transfer)
L1 A is a non-immigration class visa that allows US firms to transfer their executives from their foreign branch to their US office. Also, foreign firms can send their executives to the USA for new establishments under this visa category.
Eligibility criteria
- The firm applying for L1 must have a legal relationship with its foreign counterpart.
- A new business establishment has no minimum investment mandate, but the business should be viable.
- Dependent children should be less than 21 years old.
Key Benefits
- Unlike EB5, there isn’t any quota limit for L1 which means no backlogs.
- L1 holder can apply for greencard
- The spouse can work with an L2 visa
- Visa is renewable for seven years
The largest country in North America, Canada is rich with abundant natural resources and a clean environment. Being expat-friendly and diverse, Canada is a popular destination to resettle among skilled professionals and entrepreneurs. Canada needs over 200,000 immigrants in the coming years and to achieve this, the country has launched several immigration programs.
Start-up Visa
The program is designed for skilled entrepreneurs who are willing to come to Canada with business ideas with certain attributes like
- Innovative
- Job creation
- Competent on a global scale
Eligibility Criteria :
- Min. Investment – Non
- Investment venues – active businesses
- Other requirements – CLB 5 in IELTS, innovative business idea
Key Benefits :
- One of the fastest ways to get Canadian PR
- No business experience required
- No minimum investment required
- Multiple partners can apply one business idea
PNP Entrepreneur Stream
For people with substantial business experience, PNPs are ideal as an investor gets an opportunity to move to Canada before investing. BC PNP, OINP, and SINP are some of the popular provincial programs.
Eligibility Criteria :
Different Provincial Nominee Programs have different qualifying criteria based on their individual requirements. Some of the general requirements are given below.
- Applicant must demonstrate substantial business experience
- Applicant should possess a certain minimum net worth, both liquid and fixed.
- Language competence
- Ability to invest more than CAD 100000
Key Benefits :
- Number of PNPs to choose from, each having different qualifying criteria.
- Investors get ample time (2 years of work permit is granted upon selection) after moving to Canada to commence their business.
- The spouse can get an open work permit immediately.
