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| Subject: Entrepeneur immigrant |
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Qualifying business means what ? the person who is applyin from native country should be under this rules ?
the percentage of equity multiplied by the number of full-time job equivalents is equal to or greater than two full-time job equivalents per year;
the percentage of equity multiplied by the total annual sales is equal to or greater than $500,000;
the percentage of equity multiplied by the net income in the year is equal to or greater than $50,000; and
the percentage of equity multiplied by the net assets at the end of the year is equal to or greater than $125,000.
is ther anyone who could please explain this ....
Thanx for your comments
[25-05-2008,18:39]
[***.101.129.220]
john |
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(in reply to: Entrepeneur immigrant)
You may want to run this by your accountant, but here is a stab at it:
- the percentage of equity multiplied by the number of full-time job equivalents is equal to or greater than two full-time job equivalents per year;
This means that if you own 100% (100% of the equity) of the business, you must have at least 2 full-time equivalent employees working in your business (100% x 2 = 2).
If you own 50% of the business (50% of the equity), the business must have at least 4 full-time equivalent employees working in the business (50% x 4 = 2)
If you own 25% of the business (25% of the equity), the business must have at least 8 full-time equivalent employees working in the business (50% x 8 = 2)
So depending on what percentage of the business you own, multiply that by the number of full-time equivalent employees you have, and that should come to 2 or more.
- the percentage of equity multiplied by the total annual sales is equal to or greater than $500,000;
Follow the above example, and multiple your sales revenue with your percentage ownership, and that should equal to at least $500,000.
- the percentage of equity multiplied by the net income in the year is equal to or greater than $50,000; and
Same as above
-the percentage of equity multiplied by the net assets at the end of the year is equal to or greater than $125,000.
Same as above.
Ray
[25-05-2008,19:44]
[**.137.24.97]
Ray Masa |
(in reply to: Entrepeneur immigrant)
Need help setup a business or get your paperwork moving in the right direction? John where are you applying from? That class definitely needs lotsa dough... for sure.
[27-05-2008,12:58]
[***.202.153.132]
Helper |
How much is lotsa dough? (in reply to: Entrepeneur immigrant)
Hi there
If my hubby and I wanted to immigrate to Canada and start an engineering cosulting business - just the two of us - roughly how much dough would we need? Apart from capital for start up ect roughly how much does a couple need for immigration fees, settling costs etc.
[27-05-2008,13:14]
[***.207.40.212]
Gypsey |
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