Business migration becomes the magnet for worldwide entrepreneurs and investors as multiple investment migration programs have announced the reduction of quotas and tightening of immigration policies. Startup visas offered by major countries and regions such as Canada, Australia, New Zealand and Taiwan China thus become an emerging industry trend.
Business migration programs have never been the preference of most potential immigrants, especially high-net-worth individuals, in that they often require applicants to do more compared with immigrant investor programs. Governments, however, show a totally different view on entrepreneur visa schemes, regarding them as what can bring real economic benefits in the long run.
Such government affirmative bias is embodied by several incidents taken place this year. Quebec Immigrant Investor Program (QIIP) was announced to expire on August 31st, 2019; UK Tier 1 Investor Visa program no longer offers Government Bond as an investment option starting from Marth 7th, 2019; and the U.S. EB-5 Immigrant Investor program nearly doubled its investment amount required.
To reduce the immigrant investor quotas and raise the investment amount are some of the most direct methods to urge these potential immigrants towards business migration programs. As these imminent changes happen one after another, it is believed that requirements of most investment migration programs available in the market will be further tightened. More importantly, immigrating through business migration programs will become an irresistible trend.
Though dozens of entrepreneur visa programs are now allowed to apply, it is difficult to find one that is best-suited to those who don’t want to be bothered by burdensome business start-up process or hard-to-reach business operation requirements. This article is to introduce the business migration programs with simplest procedures and most easily-met application requirements offered by four countries and regions, namely Canada, Australia, New Zealand and Taiwan China.
Canada New Brunswick Entrepreneurial Stream (NBPNP)
Canada New Brunswick Entrepreneurial Stream is a provincial nominee program (PNP) for applicants who want to set up a company or own and run an existing business in New Brunswick to obtain a permanent visa. The program is popular because it is the only Canada business migration program that still allows successful applicants to acquire Canada permanent residency (PR) directly.
Cost (startup fund/ investment capital): CAD 250,000
Visa Type: Permanent Resident (PR)
Processing Time: 2-2.5 years
Residency Requirement: Stay in Canada for 2 years in each 5-year period
Australia Subclass 132 Business Talent Visa
Australia Subclass 132 Business Talent Visa, known as its short form 132 visa, is also the only one of its kind – offers direct access to Australia permanent residency. Aimed at shareholders or owners of relatively mature businesses, 132 visa program allows applicants to make an investment in designated local companies instead of starting their own businesses merely.
Cost (startup fund/ investment capital): AUD 1.5 million
Visa Type: Permanent Resident (PR)
Processing Time: 1.5-2 years
Residency Requirement: Stay in Australia for 2 years in each 5-year period
New Zealand Entrepreneur Work Visa
New Zealand Entrepreneur Work Visa program, as its name implies, enables businesspersons who are interested in setting up a company and relocating to New Zealand to obtain a work visa. Though visas issued under this program are permanent, the program is still popular due to its small amount of investment capital required and low threshold.
Cost (startup fund/ investment capital): NZD 100,000
Visa Type: Work Visa
Processing Time: 1-1.5 years
Residency Requirement: No requirement
Taiwan Resident Visa for Investment
Taiwan Resident Visa for Investment is extremely suitable for people who want to immigrate through running a business and hold the passport of Hong Kong or Macao at the same time. What makes this program stand out is that after running the company in Taiwan for 1 year and fulfilling the residency requirements, holders of this investor visa are allowed to apply for Taiwan passport.
Cost (startup fund/ investment capital): HKD 1.5 million for Hong Kong and Macao passport holders
Visa Type: Resident Permit
Processing Time: 1-1.5 yearsResidency Requirement: Stay in Taiwan for 335 days in 1-year period, after which holders of this visa can apply for Taiwan permanent residence and further apply for Taiwan passport.
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