Thursday 23 September 2021

Vrinda Gupta

Vazir offers schemes for business ops in Canada

DUBAI, March 6, 2019

Dubai-based Vazir Group, an immigration advisory boutique, said it is providing access to two unique programmes to assist business people to operate in Canada.

The programs are aimed at encouraging business investment from Mena into Canada, while providing the investor with a secure Canadian permanent residency that allows visa-free travel to 172 countries.

Vazir Group provides expertise and advice for UAE’s expatriates looking to utilize the programmes in line with Canada’s Multi-Year Immigration Levels Plan set-out by the government that is designed to welcome around one million new immigrants between 2018 and 2020. Under the scheme, Canada is expected to accept 330,000 new permanent residents this year.

Vrinda Gupta, managing partner of Vazir Group said: “Canada has a generous policy for accepting new immigrants, largely due to its relatively small population compared to the country’s vast geographic area. To drive its economic goals, Canadian immigration is geared towards business owners and investors, who bring in capital investment as well as skills and expertise.

“We facilitate easier and more convenient access to these programs to benefit UAE individuals and their families, but it also assists the Canadian economy through inbound investment. The key thing to note is that the programs can benefit Mena business owners, by simplifying entry into the hugely profitable North American marketplace.”

Through the programmes, investors can gain many advantages for themselves and their families. Chief among these is the ability to freely travel around the world to 172 countries, which is particularly appealing to people whose passports restrict them from such easy global movement.

Holders of Canadian permanent residency receive many social benefits including public schooling and health care coverage. Business investors and entrepreneurs also have the advantage of operating in the world’s 10th largest economy.

The first programme is designed for existing business owners, who invest in a profitable Canadian company that has been operating for a minimum of five years (typically longer). This investment program offers investors with revenue generating businesses. Through this program, applicants can typically expect Canadian permanent residency within approximately 6-9 months.

The second programme is specifically for business start-ups. Vazir Group assists clients to obtain the required legal documents from designated Canadian authorities and advice on submitting a detailed business plan that outlines the start-up idea. Applications for new entrepreneurs take approximately 10-12 months.

While Quebec continues to be one of the preferred locations for applicants, it requires an investment of CAD$1.2 million ($900,000) free of interest for a period of five years. The processing at the Quebec level may take less than 12 months.

Other programmes such as the one provided by Vazir Group offer the advantage of not requiring any minimum investment and the processing time for the investment program could be as fast as six months - for the entrepreneur programme it is 10-12 months. – TradeArabia News Service


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