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Originally posted by pratickm

The residency obligations page states the requirements the company must meet for it to be considered a Canadian business for this purpose.
If your own business can meet these requirements, then your plan will work.
Particularly, note the statement the business has not been created primarily for the purpose of allowing you to satisfy residency obligation

I'd think CIC will expect at least a few years of tax receipts, financial statements, and more than a couple of employees, before considering it a valid business.

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Manjeet Singh

The law was made for instance for a PR holder working for IBM canada and got posted overseas for some duration which would prevent him from meeting his residency obligations..


U do realize that a Son owning the business and hiring his father a PR holder will look shady at best..

the business u are looking to buy better be a company that has over 10-15 local employees..

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Originally posted by Manjeet

Quote:

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Originally posted by pratickm

The residency obligations page states the requirements the company must meet for it to be considered a Canadian business for this purpose.
If your own business can meet these requirements, then your plan will work.
Particularly, note the statement the business has not been created primarily for the purpose of allowing you to satisfy residency obligation

I'd think CIC will expect at least a few years of tax receipts, financial statements, and more than a couple of employees, before considering it a valid business.

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I agree with what you have mentioned. I am exploring to buy a running business in Canada as a business investment not just for the sole purpose of immigration.

My next concern would be whether different business activities would qualify for this approach.

I would appreciate if someone can recommend a lawyer for this approach.

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