Clearly, an investor is an entity or a person who allocates capital with the expectation of receiving financial gains or returns.
Bearing that in mind, Canada has a stable government and a skilled workforce, an attribute; that enables businesses to thrive, and it's believed to be among the top 10 countries where an investor can easily start a business.
On the other hand, developing countries like South Africa still have a long way to go in their economic reform; hence, it is only normal to see that South African investors are migrating to Canada in their numbers.
That said, here are the visa options and other benefits available to South African investors who seek to immigrate to Canada:
How South African Investors Can Move To Canada
1. Start-up Visa Program
As a South African business investor, the start-up visa program affords you the opportunity of immigrating to Canada from South Africa by starting a business in the country.
While applying for this visa, you'll need to ensure that you and your business are compliant with the requirements of the program. Similarly, your business should be robust enough to create jobs for Canadians.
Some of the demands and documentation required of you during the process of applying would be a letter of support, language requirement, business requirement, and settlement money.
Here's a further breakdown of each requirement:
Settlement Money: The start-up visa program does not include the financial backing of the Canadian government. Hence, you'll need to provide proof that clearly shows you have the financial means to live comfortably in the country with your family-should your application be considered.
Language Requirement: Here, you'll need to score a minimum of Canadian Language Benchmark Level 5, after which you can proceed with your application.
Letter Of Support: Are there organizations that have chosen to invest in your start-up? If yes, then you'll have to get a letter of support from them.
Business Requirement: As a South African investor, you'll need to follow through on the documentation that'll be expected of you when a designated organization commits to your business. However, keep in mind that these requirements differ in the case of permanent residence.
2. Provincial Nominee Program Entrepreneur And Investors Visa Option
Canada comprises ten provinces, some of which are Quebec, Ontario, Alberta. Under the Provincial Nominee Program, every province can invite applicants who have a wealth of experience in business coupled with the right skills.
Likewise, investors who want to either start a business in Canada or expand the reach of their work are not left out, as there's a slot in the PNP dedicated to this purpose.
Hence, as a South African Investor, you'll need to decide on the province where you'll like to operate from before tendering your application.
Benefits of Moving To Canada From South Africa
Canada is very welcoming to immigrants, unlike some other countries, and it has a thriving economy.
As a South African investor looking to relocate to Canada, you can rest assured that while you're expanding the reach of your business, you and your family will enjoy the good life and better amenities compared to where you're coming from.
There’s more; so, keep reading to unravel why Canada is beneficial to you as an investor:
1. A Safe And Peaceful Place
Political instability and a high rate of crime have plagued Nations like South Africa; however, Canada remains one of the safest and most peaceful countries in the world. Hence, migrating to Canada is synonymous with peace of mind.
2. Excellent Education System
Learning never ends, and Canada is known to have a better education system compared to South Africa. Hence, moving to Canada is an opportunity for you and your family to learn from the best.
3. A Thriving Economy
As a South African investor, you can already tell that the economy at home isn't as stable and supportive as the Canadian economy. Therefore, choosing to relocate could make a tremendous positive impact on your future.
4. A Reliable Government
Due to the high rate of corruption and political rivalry in African countries, it's unwise to depend on the government as an investor. Canada has a stable and strong government, which makes it an ideal place to raise your family and expand your business reach.
5. Better Healthcare
Canada provides excellent Healthcare services for citizens and permanent residents. The public health care system in the country is highly effective and mostly free, which is another reason why you need to relocate with your family.
Having read through to this point, you too can understand why South African investors like yourself are expanding their reach by taking advantage of the economic development in Canada. The country is still open to South African investors, and you can invest in your future and that of your loved ones, should you decide to immigrate to Canada.
Alex A. - content writer and a blogger at canada2036.com. Immigrated to Canada 5 years ago and has been living a happy life there ever since.