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To acquire a business immigration visa, research the immigration laws of the country, meet financial criteria, demonstrate skills, and offer jobs to locals. Visas have time limits and may require language proficiency and a business plan.
Acquiring a business immigration visa requires in-depth research into the immigration laws of the country in which an entrepreneur hopes to work. Each country sets its own immigration standards to attract foreign investment that will benefit its economy. In some regions, an immigrant must have enough money to make a minimal investment when starting a new business or investing in an established business. An immigration attorney or agent can be helpful to a business immigrant looking to process an immigrant visa application.
A business immigrant may also want to investigate the types of skills a country wants and weigh those requirements against their own. Professional standards differ by region, along with educational preferences in some places. Generally, if a person has the experience the country needs, obtaining a commercial immigration visa may be easier.
In the United States, a limited number of business immigration visas are granted each year to professional individuals with special knowledge or skills. For those without higher education, a temporary work permit can be obtained if a company is willing to sponsor the immigrant. Investors coming to the US need to demonstrate that they have the money to invest in a new business or to support the expansion of an existing operation. Visas typically impose time limits, but can usually be renewed with approval.
Also, some countries require you to speak their language before granting you a visa to operate a business. New Zealand, for example, requires proficiency in English, which is shown through language tests. This country also considers the health status and character of the applicant for certain visas. An applicant’s business plan must show that the immigrant understands the economic climate in New Zealand and explain how their investment will benefit the country.
Prospective immigrant business owners, managers or investors in Canada face substantial financial criteria in some business immigration categories. The Canadian government requires the applicant’s net worth to meet minimum thresholds along with minimum investment guidelines. The commercial immigration applicant must demonstrate that he will offer jobs to Canadians as part of the immigration process and that his previous business ventures have been successful.
Most countries allow commercial immigration, for a short period of time, to attend seminars or training courses. These visas normally do not allow the holder to do any work while in the country. Likewise, retirees who can demonstrate that they have adequate funds to support themselves and their dependents can apply for business immigrant status. This may also apply to self-employed immigrants in some regions.
Asset Smart.
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