This exciting new program represents an outstanding opportunity for immigrant entrepreneurs who have the skills and potential to build businesses in Canada. The Canadian authorities are particularly interested in business ideas that are innovative, can compete on a global basis and will generate jobs for Canadians.
If you have an idea that qualifies and providing you can gain the support from a designated venture capital fund, angel investor or business incubator, you may be able to immigrate to Canada.
To be eligible for the Start-up Visa Program, you must:
HAVE A QUALIFYING BUSINESS
Applicants must meet the following conditions:
LETTER OF SUPPORT FROM DESIGNATED ORGANIZATION
You must get a letter of support from a designated organization that has been approved to invest in or support possible start-ups (venture capital fund, angel investor group, or business incubator). The process will be different for each organization.
The letter of support, must be submitted with your application. The organization will also provide a commitment certificate directly to the immigration authorities.
MEET THE LANGUAGE REQUIREMENTS
The ability to communicate and work in English, French or both will help your business succeed in Canada. You must take a language test from an approved agency and meet the Canadian Language Benchmark (CLB) 5 in either English of French or International English Language Testing System (IELTS) minimum score of 5. The results must be included with your application.
BRING ENOUGH MONEY TO SETTLE
You will need to supply proof that you have enough money to support yourself and your dependents after you arrive in Canada.
Spouse and dependent children may be included
Ability to live, work, start a business and study in Canada
To maintain permanent residency status, you must be physically present in Canada for at least 730 days in every 5 year period
After 5 years of permanent residency. You must have been physically present in Canada for at least 1,095 days in the five year period.
166 countries after obtaining citizenship
Language test is required. Must meet minimum Canadian Language Benchmark of 5 in English or French or International English Language Testing System score of 5
The Canadian Start-Up Visa Program offers permanent residency with the ability to establish your business in one of the top-ranked countries for doing business.Free Consultation
Designated organizations are business groups that are approved to invest in or support possible start-ups through the Start-up Visa Program.
Organizations choose which business proposals to review. Each organization has its own intake process for proposals and criteria used to assess them. If a designated organization decides to review your business idea, it’ll assess the potential of your proposal and whether or not it will succeed. They will then provide a Letter of Support and an investment which meets the requirement outlined below:
Minimum Investment – $200,000
If your investment comes from a designated Canadian Venture Capital Fund you must secure a minimum investment of $200,000.
Minimum Investment – $75,000
If your investment comes from a designated Canadian Angel Investor you must secure a minimum investment of $75,000. The required amount is lower because angel investors usually invest their own money into a start-up business at an earlier stage of development.
Minimum Investment – N/A
You do not need to secure a financial investment from a business incubator, but you must be accepted into a designated program.
As experts in our field, we understand what it takes to get things done and we know that nothing less than a first class, transparent service will do. Anyone can say they offer dedicated and personal support but we believe in taking it to the next level. We do this by having a genuine passion for helping people; we aren’t just about numbers and figures. From start to finish we will remove headaches, deliver where others can’t and guide you every step of the way, starting with a free consultation.
Speak with one of our citizenship and residency advisors today to find out how a second passport or residency can enhance your life. Our experts will guide you through the process and match you to the program that best meets your needs. Book a completely free, no-obligation consultation today.Schedule Now