If you are a businessperson with an innovative business concept, you may be eligible for the Canada startup visa programme. The Start-Up Visa Program connects qualified applicants with private sector organizations in Canada that can provide money as well as guidance and expertise in starting and operating a business in Canada. Successful candidates will be granted permanent status in Canada under this new Canadian immigration scheme. Since its inception as an experimental run programme in 2013, the Start-up Visa Program has admitted a large number of worker entrepreneurs to Canada, with the number of approvals increasing year after year. Read on to learn everything you need to know about Canada’s startup visa programme, including a step-by-step application guidance.
The Startup Visa Program in Canada allows entrepreneurs to move to Canada in order to start a new business. Immigrant entrepreneurs must show that their company is innovative, will provide new opportunities for Canadians, and can compete on a global basis.
In order to be eligible for a Canada startup visa, you must meet four requirements:
1- Have a business that qualifies
• At least 10% of the voting rights associated to all of the company’s shares must be held by you.
• You and the designated organisation must own at least 50% of the voting rights linked to all of the company’s shares.
2- Obtain a Designated Entity’s commitment
• You must show that you have received funding from a venture capital firm, an angel investor organization, or a business incubator.
• To do so, you must propose your company idea to the organization and persuade them that it is worthwhile to support.
• Each organization will have its own approach for pitching your company idea.
• If your pitch is successful, the organization will provide you a letter of support, which you must include with your start-up visa application.
3- Prove ability in English or French
• You must take a language exam from an approved organisation and demonstrate that you can speak, read, listen, and write at the minimum level of the Canadian Language Benchmark (CLB) 5 in either English or French.
4- Requirement for Proof of funds
Interested applicants must demonstrate that they have sufficient funds to maintain themselves and their families in Canada.
Number of family members | Required funds (in CAD) |
---|---|
1 (single applicant) | $12,960 |
2 | $16,135 |
3 | $19,836 |
4 | $24,083 |
5 | $27,315 |
6 | $30,806 |
7 | $34,299 |
For each additional family member, add | $3,492 |
The Venture Capital Funds and Angel Investor Groups that have been designated to participate in this Canadian immigration scheme are listed below.
• Venture Capital Funds
• Angel Investor Groups
• Quorum Group
In most cases, applications are processed in 12 to 16 months. Applicants can, however, apply for a temporary work visa that will allow them to begin working in Canada before their permanent residency application is approved. The principle applicant and all accompanying family members will be granted permanent resident status in Canada after their application is approved.
The application fee for the Start-up Visa Program is CAD $1,575 plus a $500 right of permanent residence cost for the main, $825 plus a $500 right of permanent residence cost for accompanying spouse/common-law partner, and $225 per dependent kid.
JC Immigrations is the top immigration expert in Delhi for a Canadian start-up visa. We, as immigration advisors, ensure complete openness throughout the entire process, from visa consulting to visa approval. Some of the primary reasons why we are the best immigration consulting for start-up visas are as follows:
♦ Fee for Processing We don’t charge exorbitant fees in the name of taking you overseas; our services are quite inexpensive and successful.
♦ Days of work- For our clients, we work seven days a week.
♦ Services provided- We collaborate with you on the end-to-end process and provide ongoing support.
♦ Refund- We at JC Immigrations make every effort to provide you with a favourable outcome; nevertheless, if your application is denied, we will return 60% of your processing fee.
♦ Complementary Services- We give complimentary services such as Job Assistance, Resume writing, IELTS training, and Post Landing Services because your visa application is only 50% of your settlement in another country.
♦ Successful Ratio- We have a near-perfect success record, which is among the highest in the industry.
♦ Visa classifications- We apply for numerous visa categories at no additional cost to confirm your invitation from your ideal country.
Please submit your question so that we can better understand your specific visa requirements. A representative will contact you.
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