What are Canada’s Federal Economic Class Programs?

• Canadian Experience Class
• Federal Skilled Worker
• Federal Skilled Trades

The Express Entry system serves as Canada’s primary mechanism for managing its federal economic class immigration. To engage with this system, candidates need to create a profile, and those with the highest scores are subsequently extended invitations to apply for any of the aforementioned immigration programs. Following the invitation, candidates have 60 days to submit a complete application. The Comprehensive Ranking System (CRS) is employed to evaluate candidates, considering vital factors such as age, education, work experience, and language proficiency. A higher score enhances the likelihood of receiving an invitation to apply for permanent residency in Canada.

An effective strategy for increasing your Comprehensive Ranking System (CRS) score is to secure a job offer, which can yield either 50 or 200 points based on the skill level. Furthermore, several Canadian provinces provide Express Entry streams that empower them to select skilled workers from the candidate pool. Through obtaining a provincial nomination, you can acquire 600 points, significantly elevating your prospects of receiving an Invitation to Apply for Canadian immigration. If you meet the eligibility criteria, the Express Entry system offers a swift route to immigrating to Canada, with processing times targeted at six months upon the receipt of a complete application.

Canada’s Provincial Programs offer a route for candidates seeking immigration to specific provinces or territories within Canada and aiming to secure permanent residency. These programs are individually managed by Canadian provinces, addressing distinct economic and demographic requirements.

Canada’s Provincial Programs:

• Ontario Immigration
• Quebec Immigration
• Alberta Immigration
• British Columbia Immigration
• Manitoba Immigration
• New Brunswick Immigration
• Newfoundland Immigration
• Nova Scotia Immigration
• Saskatchewan Immigration
• Prince Edward Island Immigration

The Quebec Immigrant Investor Program stands as one of the most sought-after business programs in Canada, uniquely allowing passive investment to lead to Canadian permanent residency. Quebec also provides Immigrant Entrepreneur and Self-Employed programs.

What are the requirements for Quebec Immigrant Investor Program? 

• A minimum net worth of CAD $2,000,000, obtained legally.
• Minimum of two years of managerial experience within the five years prior to the application.
• Agreement to invest the sum of CAD $1,200,000 through an approved financial intermediary for a period of five years bearing no interest.
• Plan to live in the province of Quebec.

Canada’s business immigration programs, designed for entrepreneurs and investors, also extend their focus to applicants from Bangladesh as part of their endeavor to draw in foreign talent. These programs comprise:

Start-Up Visa Program

Self-Employed Program

Immigrant Investor Venture Capital (IIVC) Pilot Program

Start-Up Visa Program:

Talented immigrant entrepreneurs have the opportunity to achieve Canadian permanent residence through Canada’s Start-Up Visa Program. This initiative is tailored for innovative entrepreneurs and facilitates connections with domestic private sector investors, who offer support to establish their startup ventures. There are three categories of private-sector investors: Angel investors, Venture capital funds, and Business incubators.

What are the Start-Up Visa candidate eligibility requirements?

• have a qualifying business
• have a letter of support and commitment Certificate from a designated organization
• meet the language requirements
• have sufficient funds to establish residency and support yourself in Canada before generating profits from your business

What Is a Start-Up Visa Program Designated Organization?

A designated organization in the context of this program refers to a Canadian private sector entity that can be an angel investor, business incubator, or venture capital fund. To qualify, the commitment made by the designated organization must satisfy the following criteria:

Designated organizations are Canadian business groups that are approved to invest in or provide support to potential start-ups through the Start-up Visa Program.

• A designated venture capital fund must confirm a minimum investment of $200,000 in the qualifying business. Applicants may also meet the requirements by obtaining two or more commitments totaling $200,000 from designated venture capital funds.
• A designated angel investor group must make a minimum investment of $75,000 in the qualifying business. It is also possible for candidates to meet this requirement by receiving investments from multiple designated angel investor groups, as long as the total investment amount is at least $75,000.
• A designated business incubator must accept the applicant into its business incubator program.

What are the requirements for Start-Up Visa Program Business Ownership?

• The proposed business must be incorporated and carrying on business in Canada.
• The candidate must hold at least 10% of the voting rights attached to all shares of the corporation.
• you must hold at least 50% of the voting rights attached to all shares of the corporation.

For candidates who don’t meet the requirements for permanent residency when applying from Bangladesh, this alternative is frequently preferred. The duration spent in Canada as a temporary resident can be included in a permanent residency application. Work permits are issued under various programs such as the Temporary Foreign Worker Program, International Mobility Program, and International Experience Canada Program.

Canada offers sponsorship programs for Canadian permanent residents or citizens who wish to bring their family members to the country. These programs enable specific family members to acquire Canadian permanent residency. The family sponsorship programs are highly favored routes for Canadian immigration, as they facilitate citizens and permanent residents in bringing their immediate family members to Canada with reduced processing times.

Which family members are eligible for Sponsorship for immigration to Canada from Bangladesh?

• Spouse, Common-law, or Conjugal Partner
• Child or Other Dependant
• Orphaned brother, sister, nephew, niece, or grandchild, under the age of 18 and not currently married or living with a partner.

What are the requirements to be a sponsor? 

• You must be either a citizen or a permanent resident of Canada.
• You must be at least 18 years old.
• You must live in Canada when the persons you want to sponsor become permanent residents.
• Both you and your sponsored relative are required to sign a sponsorship agreement which obligates you to provide financial support to your relative, if necessary. Additionally, this agreement says the individual who is seeking permanent residency will make every possible effort to support themselves.
• You must be able to provide for the basic financial needs of a spouse, common-law or conjugal partner for three years from the date they become a permanent resident.

You must  be able to provide for the basic financial needs of a dependent child for 10 years, or until the child turns 25, whichever comes first.