Business aspirants applying for the Nova Scotia business immigration can have abundant opportunities in the province such as low cost of business operation, sufficient skilled professionals, ease of doing business, and a positive business environment. If you are looking for a small or medium scale business in Nova Scotia, then you must be pleased to know that more 92% of businesses in Nova Scotia are Small & medium scale.
Business Fact: The capital of Nova Scotia is considered as one of the cost-effective business-friendly destinations in Canada.
Business in Nova Scotia is a part of Canada Business Visa where all the applicants must meet certain eligibility criteria. What are these requirements?
•Minimum net-worth of CAD 600,000
•Have three years of business ownership experience with 33.33% ownership
•Minimum investment of CAD 150,000
•Demonstrate Canadian Language Benchmark (CLB) 5 in English (IELTS 5 in each)
•Canadian equivalency of high school diploma by Educational Credential Assessment
•Demonstrate a detailed Business Plan entailing the blueprint of the business proposition in Nova Scotia.
What are the eligibility requirements for a business in Nova Scotia?
•Nova Scotia Business Immigration applicants must have a minimum (33.33%) of equity of a business.
•Must demonstrate the active participation of the daily operation for your business in Nova Scotia.
•The business must primarily focus on the sale of goods and services and earn your profit.
•Business establishment must be planned in such a way that it will be legally considered as “permanent establishment” as per the Canadian Income Tax Regulations.
•The business is responsible to pay income tax on income earned in for the business activity in Nova Scotia
•Canada govt. introduced Canada Business Visa with a sole motive to create an economic boom and progress in the provinces and regional areas. This visa is targeted to:
Increase value-added commercialization and development in manufacturing, exports, tourism, research and development, and technology
Strategizing and implementing innovative methods support traditional businesses
Impart and transfer technology and specialized knowledge to the province of Nova Scotia.
To know more information on Nova Scotia Business Immigration, you may take this opportunity to interact with us at 8595338595. You may write to us @ web@businessimmigrationvisas.com
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