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BUSINESS VISA

Start-Up Visa For Foreign Entrepreneurs

Canada’s Start-Up Visa Program offers Canadian permanent residence to qualified immigrant entrepreneurs. It is largely referred to as the Start-Up Visa program (SUV). The program targets innovative entrepreneurs and links them with private sector investors in Canada who will help establish their start-up business. Candidates can initially come to Canada on a work permit before qualifying for permanent residence once their business is up and running

Three types of private-sector investors.

  • Angel Investors
  • Venture Capital Fund
  • Business Incubator

Requirements For A Startup or Business Visa

To be eligible for a Canada Business or Startup Visa, you must meet specific requirements:

Establish

Establish a business in which each applicant holds at least 50% of the voting rights.

Obtain

Obtain a letter from a designated organization such as Ontario or Manitoba Government.

Hold

Applicants and the designated organization must hold at least 50% of the total voting rights.

Have

An applicant must have an IELTS 5 bands in each module and Post secondary education.

Meet

Meet the basic criteria for settlement funds.

Qualifying Business Requirements

  • The intended business must be incorporated and carrying on business in Canada.
  • The candidate must own at least 10 percent of the voting rights in the corporation.
  • No other person can hold 50 percent or more of the voting rights in the corporation.

Investment Commitments

  • A designated angel investor group must invest at least $75,000 into the qualifying business
  • A designated venture capital fund must confirm that it is investing at least $200,000 into the qualifying business.
  • A designated business incubator must accept the applicant into its business incubator program.

How Canada Startup Visa Works

Step 1

Get Your Business Supported by a Designated Investor.

Step 2

Meet the Language and Education Requirements

Step 3

Prove Your Business Meets Ownership Requirements

Step 4

Have Sufficient Funds to Settle in Canada.

Processing Time

  • Phase 1 : Draft of Business Plan (1-2 months)
  • Phase 2 : Draft of Business Plan (1-2 months)
  • Phase 3 : PR Application (8-12 months)

Processing Time

  • With your application, your family can also obtain Permanent Residency. This includes your spouse and children under the age of 22.
  • You and your family can come to Canada and access the Canadian healthcare and education systems
  • You are eligible to apply for Citizenship after three years of living in the country
  • The government will only accept up to 2,750 applications per year.
  • Funds requirements for PR are- 1 Member- $ 13,757; 2 members:$ 17,127; 3 members- $21,055.
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