An approach I have been trying to figure out for my Dad for sometime. I hope some of our senior desis might already be familiar with this approach. Looking for your valued input.
My Dad runs a business in Dubai. I have his immigration sponsorship approved and now we are in process of applying his PR application in Dubai. I am hoping that they may be ready to land sometime in next year.
Our preference is that we could maintain his PR without living in Canada. Below pasted link to CIC website gives 2 options. Option 1 will separate my parents so I am thinking what would be required to qualify for option 2. I am not looking to cheat the system but instead trying to understand how it works as as we are looking to start business in Canada and was wondering how best to align it with our business in Dubai so that my Dad can maintain his residency in Canada.
http://www.cic.gc.ca/english/information/applications/guides/5445EA.asp
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Manjeet Singh
Sorry for the wrong category as I don't have permissions to correct the category or delete it.
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Manjeet Singh
You will need to be working for a active canadian company doing business in canada and should be posted overseas for work purpose.
I seriously doubt starting ur own business and living overseas will get by the CIC scrutiny when time comes to renew ur PR.
Quote:
Originally posted by dudewheresmycar
You will need to be working for a active canadian company doing business in canada and should be posted overseas for work purpose.
I seriously doubt starting ur own business and living overseas will get by the CIC scrutiny when time comes to renew ur PR.
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Manjeet Singh
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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"Mah deah, there is much more money to be made in the destruction of civilization than in building it up."
-- Rhett Butler in "Gone with the Wind"
Quote:
Originally posted by Manjeet
My Dad runs a business in Dubai. I have his immigration sponsorship approved and now we are in process of applying his PR application in Dubai. I am hoping that they may be ready to land sometime in next year.
Quote:
Originally posted by freakoutguy
What you have not factored in is that CIC is basically putting the brakes on parental sponsorship. Presently, the processing time in Abu Dhabi is 34 months after PR application is received and is going up by 3-4 months on an annual basis. By the time your father's PR is up for approval, it may be be another 4 years.
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Manjeet Singh
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