Becoming a Permanent Resident in Canada

Updated on Monday 09th August 2021

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The right of becoming a permanent resident in Canada is open to all foreigners who can qualify under one of the legal pathways through which permanent residency can be obtained here. Having the status of a permanent resident in Canada will allow a person the right to stay here on an indefinite period of time; permanent residency is granted only to those who have applied for the permanent residency status and who were issued with a permanent resident card, after successfully completing the application process.

Foreigners must know that the permanent residency status is not the same with the one of being a Canadian citizen, although permanent residents can enjoy from most of the rights Canadian citizens have; however, permanent residents are not allowed to vote, nor do they have a Canadian passport. Beyond these aspects, there aren’t any other significant differences. If you want to apply for permanent residency status as foreigner interested in starting a business here, we invite you to request in-depth information from our team of consultants in company formation in Canada.
 

What are the main ways for becoming a permanent resident in Canada?


The options for becoming a permanent resident in Canada are prescribed by the immigration law applicable here. This opportunity is available for those who want to open a company in Canada and who arrive here mainly for business purposes, but also for those who arrive here for employment opportunities or for studies. Our team of specialists in company registration in Canada have prepared a short presentation on the main possibilities available in this case:
 
  • permanent residency through express entry – this option is available for persons seeking for employment, who are qualified in fields where Canada lacks sufficient personnel;
  • permanent residency through business immigration – there, those who want to open a company in Canada or to invest in certain economic fields can apply for various types of visas;
  • permanent residency through family reunification programs – those who are related to Canadian permanent residents or Canadian citizens can be sponsored by the said relatives for the purpose of relocating here;
  • permanent residency through the Canadian Experience Class – the program aims at helping temporary workers and students in applying for permanent settlement here;
  • permanent residency through the Provincial Nominee program – a program available for various categories of persons (businessmen, students, workers, etc.), created at the level of each Canadian province.

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How many foreigners receive permanent residency in Canada per year?


Just like other jurisdictions around the world, Canada has an immigration program that is based on the needs of the local society. Due to the fact that it has an aging society, Canada has steady increased the yearly number of residents it can receive and who will become part of the local society and economy. With regards to those who have receive the status of permanent resident in Canada, we present the following:
 
  • in 2018, permanent residency was granted to 320,000 foreign persons;
  • in 2019 and 2020, Canada granted the permanent residency to more persons – more exactly, 341,000 per year;
  • for the current year, the immigration plan on permanent residency is established at 351,000 persons;
  • in 2022, Canada is interested in receiving 361,000 foreigners who will receive the permanent residency;
  • for 2021, those who want to open a company in Canada must know that the maximum number of persons who can receive permanent residency for business purposes is capped at 750 and the same value is maintained for 2022 as well;
  • in 2021, the express entry pathway has the highest number of possible admissions, of 91,150 persons.
 

How can one obtain permanent residency in Canada?


The legal procedure through which permanent residency can be obtained here is regulated under the Immigration and Refugee Protection Act and the Immigration and Refugee Protection Regulations. The process through which a foreigner can obtain the status of permanent resident in Canada will differ based on the legal pathway selected, meaning that those who arrive here for study purposes will have to provide different documents that the ones who arrive here for business purposes.

As a general rule, those who receive the document will be issued with the permanent residence card for a period of 5 years; according to the law, in the entire period of 5 years, the person must be physically present in Canada for minimum 2 years in order to maintain the permanent residency status. If you want to apply for this type of card as businessmen, we invite you to contact our specialists in company formation in Canada.