Canada is the most beautiful country in the entire world. But more than that, Canada is the land of opportunities.
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Start-up Visa Program Canada
Last Update: 23 May 2020
Last Update: 23 May 2020
Many foreign investors and entrepreneurs have made Canada their new home through several Canadian business visa pathways. The Canadian Start-up Visa program is one of the quickest pathways to securing permanent residency in Canada. If you’re a talented and experienced entrepreneur who is willing to start businesses in Canada, get ready to apply for the start-up visa program. At ABCan Immigration, we are here to help you establish a new business in Canada and get permanent residency status. We will assist you throughout the application process to increase your chances of getting accepted as a permanent resident of Canada.
The purpose of this program is to invite innovative foreign national entrepreneurs who will create new employment opportunities in Canada and drive the country’s economic growth. In order to be eligible, applicants for a Start-Up Visa must meet the following requirements:
This category includes foreign workers with experience in managerial, professional, or technical jobs. This category uses a 100-point grid to determine eligibility. You will need 67 points to pass this gridding system.
This program for Express Entry is applicable for a wide variety of industries, such as chefs, industrial, electrical, and construction trades. For this category, you need at least 2 years of working experience in the specific industry or trade within the last 5 years before you apply for the visa.
This class asks for Canadian experience in managerial, professional, or technical jobs but it doesn’t use a point gridding system. You need at least 1 year of Canadian experience within the last 3 years before you apply for the visa.
Before you apply for the start-up visa program, obtain a letter of support from a designated Canadian-based investor.
You must undergo an approved language test from a designated agency and score at least CLB 5 or above.
You need to show that your business has at least five owners at the time of application submission. You also need to prove that you've enough money to settle in Canada.
The start-up visa program in Canada is immensely popular among entrepreneurs around the world. Candidates applying under the Start-Up Visa program can initially come to Canada on a work permit supported by their designated Canadian investor and then apply for permanent residence after spending enough time in Canada. Our immigration consultants are here to realize your Canadian start-up visa dream. With our hassle-free immigration services, you can focus on establishing your business and we will take care of your applications and other requirements. Here is how we will help you:
If the investment comes from a designated Canadian venture capital fund, you must secure a minimum investment of $200,000. If the investment comes from a designated Canadian angel investor group, you must secure a minimum investment of $75,000. If you’re accepted into Canada’s recognized business incubator, there is no need for investment capital.
If your business fails, it doesn’t affect your permanent resident status. This program is designed so that the risk is shared between the public and private sector, so your PT status will not change.
No, you’re not required to invest any of your own money. The minimum investment required is an investment that comes from a designated Canadian venture capital fund or angel investor group.
The current processing time for the Canadian startup visa program is approximately 12 to 18 months, but it varies from case to case and may take less time. This processing time also includes the time taken in giving biometrics, as the authorities may ask the candidate to provide their biometrics along with their applications.
Canada is the most beautiful country in the entire world. But more than that, Canada is the land of opportunities.
