In Canada, the golden visa program has gained popularity due to
the country’s stable economy, high quality of life, and
welcoming environment for immigrants and foreign entrepreneurs. By
understanding the different programs, meeting the eligibility
requirements, and following the application process, you can embark
on a successful journey toward obtaining permanent residency and
potential citizenship in Canada. At Sobirovs Law Firm, we help
foreign entrepreneurs succeed in Canada. Schedule a 1-hour strategy meeting and
take your first steps to gain permanent residency in Canada.
WHAT IS GOLDEN VISA IN CANADA IN 2023?
The golden visa program, also known as an investor visa, offers foreign
individuals and their families the opportunity to obtain permanent
residency and even citizenship in Canada by purchasing a business
or investing in a Canadian business. In Canada, the golden visa
programs can be categorized into two main types: the
federal investor programs and the
provincial investor immigration programs.
Federal Golden Visa Programs
The federal investor programs are established on the national
level and provide opportunities for foreign investors to obtain
permanent residency. These programs include:
Provincial Golden Visa Programs
Provincial investor immigration programs are offered by
individual Canadian provinces and territories. These programs allow
provinces to nominate foreign investors based on
their specific economic and demographic needs. Some provinces that
offer these programs include:
Alberta’s PNP program is known as the Alberta Immigration Program (AAIP).
It is one of the most popular programs in the Canadian prairies due
to Alberta’s ever-growing economy in the region.
In this province, you could be eligible for the BC PNP immigration pathway. This
province’s PNP pathway is one of the most popular ones in
Canada along with Ontario’s program. These two provinces have
the biggest provincial economies in the country. Learn more about
it in our video!
Prince Edward Island
This prairie province offers the Saskatchewan Immigrant Nominee
Program, most often targeting which is ideal for
entrepreneurs and farm owners/operators.
The province of Quebec does not have a PNP program but it has a
similar investor program. As an investor-Quebec immigrant, you can
start a business or invest in an existing one and live in Quebec.
Learn more about Quebec’s investor
ELIGIBILITY REQUIREMENTS FOR A GOLDEN VISA IN CANADA
Applicants must meet certain requirements to be eligible for a
golden visa in Canada. Remember that each golden visa program has
its specific requirements. Here are some of the key eligibility
To be able to apply for any of Canada’s golden visas, you
must operate a business in Canada. This can be achieved in two
ways. First, you can already have a successful business in your
home country and expand your operations to Canada. Second, you can
purchase an existing business in Canada. With either of the
options, you will have an operational Canadian business.
Applicants are required to make a business investment in Canada
by operating a business in the country. To be clear, no minimum
investment amounts exist for any of the federal business immigration programs.
However, you should have enough funds to create an active business
presence in the country. In our experience, an investment between
CAD $250,000 to CAD $350,000 is sufficient. With certain
high-impact business ventures in rural Canada, a lower investment
could be considered on a case-by-case basis.
Some golden visa programs in Canada require proficiency in
English or French. Applicants may be required to provide language
test results to prove their language skills. However, the main
emphasis is on the applicant to have the language abilities needed
to operate the business.
Almost all Canadian golden visa immigration programs require
applicants to submit a business plan. The main goal of the
business plan is to provide enough compelling evidence so that
Canadian immigration officers can assess the viability of your
business and the chances of success. As part of our business
immigration services, our team can develop market entry strategies
and viable business plans to complement your business immigration
application. Schedule a 1-hour strategy meeting to
learn more about our business plans and business immigration
Applicants are typically required to have a certain level of
business experience or entrepreneurial background. This requirement
ensures that applicants have the necessary skills and knowledge to
contribute to the Canadian economy and operate their businesses in
Canada. For most of the golden visa programs, you are not required
to have direct experience in the business you plan on operating in
Canada. However, having transferrable solid skills can help to
boost the chances of a successful business immigration
Residency and Commitment
Depending on the golden visa program, you may or may not be
required to show your commitment and intention to reside in Canada
or a province/territory. Each program has its requirements, and
where some programs want applicants to come to Canada temporarily,
other programs require applicants to fully commit to residing in
certain parts of Canada. Choosing a program that doesn’t match
your intention can lead to denial. At Sobirovs Law Firm, we ensure
that your application is perfectly tailored to the golden visa that
suits you, your business, and your goals. Schedule a 1-hour strategy meeting
STEP-BY-STEP GUIDE TO OBTAINING A GOLDEN VISA IN CANADA
Obtaining a golden visa in Canada involves several steps. Here
is a step-by-step guide to help you navigate the process:
Step 1: Research and Choose the Right Program
Thoroughly research the different golden visa programs available
in Canada at the federal and provincial levels. Consider your
investment preferences, business goals, and personal circumstances
to determine the program that best suits your needs. Applying to
the most suitable business immigration program will increase the
chances of your application being approved.
Step 2: Prepare the Required Documents
Gather all the necessary documents for your golden visa
application, such as proof of funds, business plans, educational
certificates, language test results, and other supporting
documentation. Ensure that your documents meet the specific
requirements of the program you are applying to. We cannot stress
enough how important it is to have the complete application package
when applying for business immigration to Canada. Your business
immigration lawyer should know exactly what documents you must
submit and include them in your application.
Step 3: Submitting the Application
Submit your complete application and the required documents to
the designated immigration authorities. Pay attention to any
specific instructions or deadlines provided by the program.
Step 4: Interview and Biometrics
Depending on the program, you may be required to attend an
interview or provide biometric information, such as fingerprints
and photographs, as part of the application process. Follow the
instructions provided and attend any required appointments.
Step 5: Waiting for the Decision
Wait for the decision on your golden visa application. The
processing times can vary depending on the program and other
factors. Be patient and allow the immigration authorities
sufficient time to review your application.
Step 6: Coming to Canada
Some business immigration programs allow applicants to come to
Canada and begin setting up their business before the final
decision on the business immigration application. So depending on
your business immigration pathway, once you receive approval on
your business immigration application, you can come to Canada.
Otherwise, you will have to wait for the results of your
application before coming to Canada.
Step 7: Operating the Business in Canada
Once your application is approved, you will begin operating the
business under a work permit. It is essential to fully ensure that
your business is successful and fully operational in Canada.
Step 8: Obtaining Permanent Residency
Under most business immigration programs, you can apply for
permanent residency after 1 year of operating your business under a
PROCESSING TIME FOR CANADA’S GOLDEN VISA
In our experience, the processing time for Canada’s golden
visa programs is between 2 to 4 months. When it
comes to processing time, Canada’s recent commitment to
efficiency and speed stands out. While individual cases may vary,
Canada’s golden visa programs generally offer a relatively
speedy process compared to similar programs in other countries.
With streamlined procedures and dedicated resources, applicants can
expect timely responses and decisions. You can always check the
most up-to-date processing times on
the IRCC website.
It is important to note that providing accurate and complete
documentation is essential to avoid delays. Prospective applicants
can maximize their chances of seamless processing times by working
with an experienced business immigration lawyer. Your lawyer will
help you prepare the best possible immigration application and
ensure that your case avoids common business immigration mistakes
COST OF CANADA’S GOLDEN VISA
An investment ranging from CAD $250,000 to
$350,000+ is typically required for a golden visa in
Canada as a foreign entrepreneur or investor. This investment
allows you to apply for one of Canada’s investment immigration
programs, making you eligible for permanent residency after
operating a business in Canada on a work permit for a certain
The amount you invest depends on factors such as the type of
business you choose – the above amounts are not set in stone.
Certain businesses, like manufacturing or industrial production,
may require a significant upfront investment, while others, like
convenience store franchises or nail salons, may be easier to set
up. The location of your business also affects the investment
needed, with bigger cities generally requiring higher investments
compared to smaller regions. Understanding the competition in your
chosen market is crucial for accurate cost estimation. Our
experienced lawyers specialize in helping foreign entrepreneurs
immigrate to Canada and can provide tailored insights during a
1-hour consultation to help you
navigate the business immigration process more efficiently.
FAMILY MEMBERS AND GOLDEN VISA IN CANADA
Golden visa applicants are allowed to bring their families with
them to Canada. When foreign entrepreneurs apply for a golden visa,
their partners can apply for an open work permit, and their
children can apply either for study permits or residency permits
(depending on their age). Once the business immigration progresses
to the stage of permanent residency application, then the principal
applicant and their family members can submit permanent residency
In our experience, almost all foreign entrepreneurs coming to
Canada through business immigration bring their families with them.
As you can see, the entire process of business immigration
applications, family immigration applications, and permanent
residency applications is multifaceted. It requires careful
assessment and professional assistance to increase the chances of
BENEFITS OF A GOLDEN VISA IN CANADA
Obtaining a Golden Visa in Canada offers numerous benefits. Here
are some advantages you can enjoy:
Permanent Residency and Pathway to Citizenship
The Golden Visa grants you and your family the privilege of
eventually obtaining permanent residency in Canada. This status
allows you to establish your roots in Canada and enjoy the benefits
of living, working, studying, and travelling freely within the
country. Moreover, it serves as a stepping stone towards Canadian
citizenship, offering you the opportunity to become a Canadian
citizen and embrace all the rights and privileges that come with
it. Through the Golden Visa program, you can lay the foundation for
a prosperous future for yourself and your loved ones, building a
life in a country known for its stability, diversity, and
Access to Healthcare and Social Services
As a permanent resident in Canada, you and your family gain
access to Canada’s renowned healthcare system and comprehensive
social services. This means you can benefit from world-class
medical care whenever needed at no cost. Canada’s healthcare
system is designed to prioritize the well-being of its residents,
ensuring that you receive timely and quality healthcare services.
Additionally, the country’s robust social services network
supports and assists in various aspects of life, providing a strong
safety net for you and your family.
Business and Employment Opportunities
Canada boasts a thriving economy and a business-friendly
environment, making it an attractive destination for entrepreneurs
and investors. You can tap into many business and employment
opportunities with a golden visa. Whether you dream of starting
your own business, investing in existing ventures, or seeking
employment with Canadian companies, the Golden Visa program opens
doors to many possibilities. Canada’s strong economic
foundation, along with its support for innovation and
entrepreneurship, creates an ideal environment for your
professional growth and success.
Education and Quality of Life
Canada is internationally renowned for its exceptional education
system, consistently ranking among the top countries in terms of
educational quality. As a golden visa holder, you and your family
can benefit from this world-class education, with access to a wide
range of schools, colleges, and universities. Canada offers an
inclusive and supportive learning environment from primary
education to post-secondary studies, allowing for academic
excellence and personal development. Moreover, Canada is celebrated
for its high standard of living, characterized by clean and safe
cities, breathtaking natural beauty, and a welcoming and
multicultural society. Embrace the Canadian way of life and enjoy
the myriad cultural, recreational, and leisure opportunities
available to you and your family.
FREQUENTLY ASKED QUESTIONS (FAQs)
Here are some commonly asked questions about getting a golden
visa in Canada:
What is a Golden Visa in Canada?
A Golden Visa is a residency program that allows foreign
entrepreneurs and investors to gain permanent residency in Canada
by making investments, starting a business, or buying a business in Canada. Families
of principal applicants of golden visas are also generally eligible
to gain permanent residency and, eventually, Canadian citizenship.
A good investor visa lawyer in Canada
could easily guide you through the entire process.
What is the golden passport in Canada?
No, there is no golden passport in Canada. You
cannot directly obtain Canadian citizenship through any of the
current immigration programs. Instead, you could get a work permit
in Canada if you are successful in one of the business immigration
programs. After operating your business for a year or two, you and
your family may become eligible for Canadian permanent residency.
Lastly, you could apply for Canadian citizenship after being a
permanent resident and residing in Canada for at least 3 years.
Learn more about the misconception of buying Canadian citizenship.
Why choose Canada for a golden visa?
Canada is renowned for its inclusive society, diverse culture,
and strong economy, making it an attractive destination for
individuals and families seeking a better future. By obtaining a
golden visa in Canada, you can benefit from the country’s
excellent healthcare system, top-tier education, business
opportunities, and a high standard of living for you and your
How do you qualify for a golden visa in Canada?
To qualify for a golden visa in Canada, applicants must meet
specific criteria based on the respective golden visa program. Here
are the key eligibility requirements:
- Business Activity: Applicants must operate a
business in Canada, either by expanding an existing successful
business from their home country or purchasing an established
business in Canada, ensuring an operational presence in the
- Minimum Investment: While there are no fixed
minimum investment amounts, applicants should have sufficient funds
to establish an active business in Canada. An investment between
CAD $250,000 and CAD $350,000 is considered adequate.
- Language Proficiency: Some golden visa
programs require proficiency in English or French. Applicants may
need to provide language test results to demonstrate their language
skills, ensuring the ability to operate the business
- Business Plan: Most Canadian golden visa
programs mandate the submission of a comprehensive business plan.
This plan serves to demonstrate the viability and potential success
of the business. Expert assistance is available to develop market
entry strategies and viable business plans to enhance the
- Business Experience: Applicants are generally
expected to possess a certain level of business experience or
entrepreneurial background. This requirement ensures that
applicants have the necessary skills and knowledge to contribute to
the Canadian economy and successfully manage their businesses.
- Residency and Commitment: Depending on the
golden visa program, applicants may need to demonstrate their
commitment and intention to reside in Canada or a specific
province/territory. Choosing a program that aligns with one’s
intentions is crucial to avoid potential denial.
How much do I need to invest for a golden visa in Canada?
The minimum investment amount for a Canadian golden visa is CAD
$250,000, while the highest can be more than CAD $350,000. Your
investment amount will depend on various factors like the golden
visa you are applying for, the type of your business, the location
of your business, and much more.
Can I include my family members in the application?
Yes, golden visa programs in Canada typically allow you to
include your spouse or common-law partner and dependent children in
How long does it take to get a golden visa in Canada?
The processing times for golden visa applications in Canada are
between 2 to 4 months. The waiting times can vary
depending on the program and other factors. It is advisable to
consult with an experienced immigration lawyer for the most
accurate and up-to-date information.
Can I start a business in Canada with a golden visa?
Yes, one of the advantages of a golden visa in Canada is the
opportunity to start your own business or invest in existing
businesses. This allows you to contribute to the Canadian economy
and take advantage of the business opportunities available in the
The content of this article is intended to provide a general
guide to the subject matter. Specialist advice should be sought
about your specific circumstances.