Newfoundland and Labrador calling Canada on International Entrepreneur Category.... Know the requirements

Canada Immigration, Now move Canada on International Entrepreneur Category to Newfoundland and Labrador

Newfoundland & Labrador will conduct four monthly Expression of Interest rounds for its International Entrepreneur category till the end of 2019.

Let's understand the full requirements for the Newfoundland International Entrepreneur category further below:

International Entrepreneur Category

The International Entrepreneur category is intended for experienced business owners / managers who wish to permanently reside in Newfoundland and Labrador.

Requirements:

• Be 21 to 59 years of age.
• Provide a business plan with verified supporting financial documents.
• Have a minimum of Canadian high school diploma or equivalent.
• Want to live permanently in Newfoundland & Labrador while owning and actively managing a business of significant economic benefit to the province.
• Have at least $600,000 in unencumbered net business and personal assets that can readily be transferred to Canada.
• Be able to invest at least $200,000 to establish a business in Newfoundland & Labrador with a minimum ownership of 33.3 per cent.
• Create at least one full-time job for Canadian citizens.
• Have at least two years’ experience actively managing and owning a business in the last five years.
• Score of at least 5 on the Canadian Language Benchmark (CLB) in speaking, listening, reading and writing in English.

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What is OCI? Should I go for Canadian citizenship over Indian Passport?

Confused??? Should I go for Canadian citizenship or stay on PR in CANADA? If I opt for Canadian Citizenship than it will be difficult to enter India without valid visa???????...........................

Here is the answer for you.......... 
OCI (OVERSEAS CITIZEN OF INDIA)

If you are offered CANADIAN CITIZENSHIP, go for that without any second opinion. Any Indian after getting the Canadian citizenship will be advised to get an OCI (Overseas Citizen of India) chop on his / her passport which will give you free entry into India and allows you to live and work here — if you wish so.

Benefits of obtaining OCI (Overseas Citizen of India)

• Multiple entry, life long visa to visit India.
• You can stay any length of time in India.
• You can get employment in India, but in private sector.
• You can acquire any business / property except any agricultural properties.

Disclaimer: Above facts / data is not the view of blogger, it is based on the study / actual discussion with concerned persons.
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Permanent resident (PR) of Canada and its benefits

Permanent residency (PR) of Canada is a status granted to someone who is not a Canadian citizen and he / she has the right to live and work in Canada without any time limit on their stay. To become a permanent resident of Canada, a foreign national must apply under one of several programs (which we will cover in our next blog). 

Benefits of PR: A permanent resident holds many of the same rights and responsibilities as a Canadian citizen, including the right to live, work and study in any part of Canada.  Permanent residents participate in many of the social benefits that Canadian citizens receive, including Canadian pension and receiving coverage from their universal health care system. All permanent residents may avail themselves of the rights, freedoms, and protections of the Canadian laws as those who have exclusively granted to citizens.

A permanent resident can apply for Canadian citizenship after living in Canada for three years (1095 days) out of the five years. Once you have citizenship you can sponsor relatives for permanent residence, subject to fulfilling residence criteria and assurance of support requirements



                    

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