Canada Announces New Initiative To Attract Foreign Entrepreneurs And Skilled Workers
Canadian immigration authorities recently announced plans to launch a five-year pilot program to attract immigrant entrepreneurs. In addition, Citizenship and Immigration Canada (CIC) intends to streamline the Federal Skilled Worker Program, making it easier for skilled tradespersons to relocate to Canada.
Under the entrepreneur program, up to 2,750 “start-up” visas would be issued each year to immigrant investors as part a broad, economic growth plan. “We need to proactively target a new type of immigrant entrepreneur who has the potential to build innovative companies that can compete on a global scale and create jobs for Canadians,” said Citizenship, Immigration and Multiculturalism Minister Jason Kenney.
The changes to the Federal Skilled Worker Program (FSWP) are necessary to address critical shortages in skilled trades, Kenney said. Traditionally, the criteria used to evaluate applications under the program favored professional and managerial immigrants. CIC intends to create a separate, streamlined program for skilled tradespersons in construction, transportation, manufacturing and service industries.
Details for both programs, including specific application requirements, are expected to be released later this year.