Start-Up Visa

Canada is one of the richest nations in the world due to its major export market and substantial per capita income. The goal of the Canada Start-Up Visa Program is to grant entrepreneurs or business owners, active investors in enterprises, and growing companies the opportunity to live permanently in Canada. The program assists immigrant entrepreneurs in expanding their businesses in Canada. Successful candidates are connected with private sector groups in Canada so that they can obtain funding, support, and experience in starting and running their businesses in Canada.

Requirement or Eligibility for Getting a Start-up Visa

The goal of this initiative is to attract outstanding international businessmen who will generate new jobs and promote economic growth.

Candidates for a Start-Up Visa have to fulfill the following requirements in order to be considered:

• the ability to communicate in English or French at the CLB 5 level or higher

• possess the financial resources which are essential to relocate to Canada

• intend to relocate to a province besides Quebec

• pass the security and medical screenings in Canada

• show support or enthusiasm for your company from a selected group

• Show that your company satisfies the ownership requirements.

During the Start-Up Visa Program, not more than five foreign people can apply for permanent residency on behalf of the same company endeavor.

Detail of Investment

In order to participate in the Start-Up Visa program, several venture capital firms, angel investment groups, and business incubation organizations have been authorized by Immigration, Refugees, and Citizenship Canada (IRCC). For their Canadian start-up, successful applicants must get a minimum investment. Investments from authorized Canadian venture capital funds need to be at least $200,000 each. If from a group of angel investors, it must be a minimum of $75,000.

There is no requirement for applicants to obtain any financing from an enterprise incubator. However, candidates need to be approved into a program for Canadian business incubators.

No candidates are required to put any of their money into the venture. Individuals receiving permanent residency under this scheme will maintain their permanent resident status even if their Canadian business is failed.

How to submit a start-up visa application

• The very first step to fill out the request or application form

• Gather all essential documents which are required at the time of filling out the application form for a start-up visa.

• Pay fees for your application form which involve everything at the time of generating the request or application.

• In the last, you need to submit your application form.