Buying an existing Canadian business - any help please

[Canooknic]

Hi all, my friend has just been offered the opportunity to purchase a business here in Alberta.

I sponsored my fiancé through Family Class so I have no idea how to help him!

Is it possible for him (and wife + 2 daughters) to immigrate here just by buying the business? Can anyone guide me on where to find information about it? I have found investor I formation, but it's only a small business he would buy so now I'm totally lost!

Thanks in advance

 

[scylla]

A small buisness won't be enough to let him immigrate.

As you probably saw on the Investors section of the CIC site, he needs to be able to make a $800K investment in Canada and show a net worth of at least $1.6 million.

In case you haven't seen these requirements, they are here:

http://www.cic.gc.ca/english/immigrate/business/investors/index.asp

Also, note that both the Investors and Entrepreneurs categories are currently closed to new application.

 

[Canooknic]

Thank you for that, it's what I thought.....now I need to break it to him! :'(

 

[88raj]

i m in Canada on a bonded work permit.can i buy a franchise business i won't work there before my PR.

 

[PMM]

Hi

i m in Canada on a bonded work permit.can i buy a franchise business i won't work there before my PR.

1. No idea what a "bonded" work permit is.
2. Sure you can buy a business, and as you know you can't work in it.

 

[khanintransit]

hmm

Hi


1. No idea what a "bonded" work permit is.
2. Sure you can buy a business, and as you know you can't work in it.

 

[calgaryimmigration]

i don't think so ..

 

[merlinraj]

You have decided to purchase a condominium, or are thinking about buying one. When you decide to purchase your Mississauga condo, make sure you hire an agent who knows the Mississauga Condo Market.