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Canada Start- Up Visa Program

Canada Start- Up Visa Program

The 2013-launched Start-up Visa Program for Canada is intended to provide overseas company owners with the opportunity to apply for permanent residence status in Canada together with their families.

In order to be eligible to apply to the Start-up Visa Program, the applicant must:

1) Own a qualifying business

Applicants, whether alone or as a group (up to 5 applicants), must own more than 50%, with each applicant owning at least 10% of the shares.

2) Get a letter of support from a designated organization, authorized by the Canadian Government. This could be either :

  • Venture capital fund; or
  • Angel investor group; or
  • Business incubator

ELIGIBILITY CRITERIA

  • Net worth: No minimum requirement
  • Investment: Invest CAD $100,000 to CAD $200,000 in a Canadian Business
  • Age: No minimum/maximum age restrictions
  • Language proficiency: Minimum Level 5 of Canadian Language Benchmark (CLB) in speaking, listening, reading & writing in either English or French
  • Criminal Record: Should not hold any criminal history
  • Medical Record: Should not possess any serious health condition
  • Settlement Funds: Meet IRCC’s proof of funds requirement

 

STEP BY STEP PROCESS

Step 1: Seed Stage and Assessment of Eligibility based on candidate’s background, language skills, personal assets and business and employment history.

Step 2: Preliminary Business Plan and Creation of Company

Step 3: Complete the Business Plan, Submission of the Project to the Business Incubator, and Receive the Letter of Support

Step 4: Prepare and Submit the Application for Canada Permanent Residence to IRCC & business startup launch

Step 5: Receive Canadian Permanent Residence

 

BENEFITS OF INVESTING UNDER START- UP VISA PROGRAM

  • One of the best countries to do business in the G20
  • Easier access to the US market for business and travel
  • Quick pathway to get Canadian Permanent Residency permit for you & your family members
  • Accompanying Spouses can work in Canada while Children can attend Canadian schools
  • Access to Canada’s excellent healthcare system
  • Access to various Social-Security benefits
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