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The Canadian Government is offering lucrative offers to all foreign entrepreneurs to attract business in the country. However, along with it, Govt. has to consider financial and other factors so it wonu2019t negatively impact the local businesses and national citizens of Canada. So there are multiple legal requirements pushed on foreign entrepreneurs.
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WANT TO IMMIGRATE TO CANADA FOR BUSINESS PURPOSES? GET ASSISTANCE HERE FOR THE GROWTH OF THE CANADIAN ECONOMY, THE GOVERNMENT OF CANADA ALWAYS SEEKS INVESTORS AND ENTREPRENEURS FROM ALL OVER THE WORLD WHO WANT TO ESTABLISH AND RUN BUSINESSES ACROSS BORDERS AND HELP IN THE GROWTH OF DIFFERENT COUNTRIES' ECONOMIES.
LIST OF LEGAL REQUIREMENTS Minimum Investment Visa for Initial Stage Business Registration Apply for LMIA www.sumalaw.com
For the growth of the Canadian economy, the Government of Canada always seeks investors and entrepreneurs from all over the world who want to establish and run businesses across borders and help in the growth of different countries economies. Let’s read all those obligations that are almost the same in all provinces of Canada and federally acceptable, however, expert advice is still recommended as along with rules and regulations the registration fee also varies with the province. Please note, some of the below requirements also applied to those who are looking to Renew their Permanent Resident Card in Canada. Minimum Investment Visa for Initial Stage The first requirement for any startup or established business to be a part of the Canadian economy is investment. As of now, a startup must secure $200,000 from an approved organizer or at least $75,000 from angel investor. Only after meeting all the minimum investment-related requirements, you should go for a Visa. If you are still in the planning stage recommended you obtain a multi-entry visa as it can allow you to enter and exit Canada freely for up to 10 years. the minimum then it is a designated www.sumalaw.com
Business Registration Apply for LMIA If you want to start your business on an immediate registration is not enough as you also need to apply for LMIA which is a Labor Market Impact Assessment of your business. LMIA ensures that as a foreigner operating a business won’t negatively impact Canada’s labor. The one positive thing here is that you do not need to be physically present in Canada to register your business. In some jurisdictions, to register your business, the company director should Canadian citizen or a permanent resident as an obligation to register your business. basis business be either a CONCLUSION: To meet all the legal requirements and other law- related issues business owners can get professional assistance not only for permanent residence but for a temporary resident visa for Canada also. www.sumalaw.com
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