Canada’s Start-up Visa Program targets immigrant entrepreneurs with the skills and potential to build businesses in Canada (outside Quebec) that

o   are innovative

o   can create jobs for Canadians

o   can compete on a global scale

To apply for the Start-up Visa Program, you must pitch your qualifying start-up to a designated organization and get their support, meet the language requirements and must bring enough money to settle. With the support of a designated organization, immigrant entrepreneurs can apply for permanent residence in Canada and launch their start-up here. Designated organizations include venture capital funds, angel investor groups and business incubators that have been approved to support these start-ups.

You can apply for the Start-up Visa Program as an individual or as part of a group of up to 5 owners. Either way, you need to meet certain requirements:

·      have a qualifying business

·      get a letter of support from a designated organization

·      meet the language requirements

·      bring enough money to settle

 

Key Highlights:

·      Purpose and Target Audience: The Canada Startup Visa aims to attract innovative entrepreneurs from around the world to establish businesses in Canada, generating jobs and competing on a global scale.

·      Permanent Residency: Successful applicants of the Startup Visa program are granted Canadian permanent residency, offering a pathway to citizenship.

·      Investment and Support from Designated Entities: Entrepreneurs must secure backing from a designated Canadian entity, such as a venture capital fund, angel investor group, or business incubator, to invest in or support their startup.

·      Ownership and Business Requirements: Applicants must hold at least 10% of the voting rights in their business and, together with the designated Canadian organization, control more than 50% of the total voting rights.

·      Language and Financial Criteria: Applicants need to demonstrate language proficiency in English or French at a minimum CLB 5 level and show sufficient financial means to support themselves and their dependents upon arrival in Canada.

 

Eligibility Requirements:

·      Establish a qualifying business where each applicant owns at least 10% of the voting rights.

·      Secure a letter of support from a designated organization.

·      The applicant and the designated organization must collectively hold more than 50% of the total voting rights.

·      Achieve a minimum Canadian Language Benchmark (CLB) level of 5.

·      Meet the minimum required settlement funds criteria.

 

Benefits:

·      Permanent Residency: Entrepreneurs and their families can obtain permanent residency in Canada.

·      Priority Processing: The Startup Visa program offers priority processing, allowing businesses to choose any location in Canada (excluding Quebec) as their intended base.

·      Multiple Shareholders: Up to five co-founders can apply as shareholders, provided each hold at least 10% of the voting rights in the company's outstanding shares.

·      Open Work permit for self and the family to work in Canada while you wait for your Permanent Residence

If you need further assistance or any support, contact -Manjura Rehman , a Regulated Canadian Immigration Consultant (RCIC) and founder CEO of Act Now Immigration Services Inc. She is a licensee in good standing of the College of Immigration and Citizenship Consultants (CICC) and a member of the Canadian Association of Professional Immigration Consultants (CAPIC). 

Bridging Borders, Fulfilling Dreams: 
Your Canadian Connection: ACT-NOW IMMIGRATION SERVICES INC.

Call: +1-437-778-4576

Email: contact@actnowimmigrationservices.com

Appointment: https://calendly.com/manjura-actnowimmigrationservices

Website: www.actnowimmigrationservices.com

Disclaimer: None of the above statements are legal advice and are not meant to be the same for everyone. You must check the latest policy from the IRCC website before applying. Everything is stated clearly on the official website, still if you don't understand something, you can seek legal advice. I am NOT assuring you that every information / opinion mentioned above is 100% true and updated, therefore, liability goes to you to verify if you are acting upon any of those.  If you notice any error / mistake, please feel free to reach out to me by email: contact@actnowimmigrationservices.com. And I will be more than happy to cross check and modify as/if necessary.