I am operating my business in a Gulf state where there are no corporate or personal income taxes. How does this effect my application?
Tax returns provide important third-party evidence of business activity and are available in most jurisdictions. In order to compensate, additional documentation such as financial information prepared by a recognized public accountancy firm may be required. There is also an increased probability that you will be asked to attend an interview to provide original supporting documentation such as receipts, invoices, cheques, bank statements etc.
In addition to the usual documents in support of any application for immigration to Canada, you will be required to provide documents supporting your past business experience, such as the following:
- financial statements
- corporate and personal income tax returns
- tax assessments
- bank statements
- business licenses
- minute books
- letters of reference
- promotional material.