WHY SHOULD YOU CHOOSE CANADAS START UP VISA FOR IMMIGRATION GOLDEN VISA

If you are an entrepreneur with an innovative business idea and plan to move or expand your business in Canada, you may be eligible to immigrate to Canada through the Start-Up visa program.

Canada has recently been recognized by the World Report 2020 survey as the number one country globally for quality of life. Some of the reasons for this ranking included the stable political system, a secure banking system, and a clean environment. It was further bolstered by the sound public healthcare system and an excellent public education system. Toronto, the largest city in Canada, is one of the top-five tech talent markets in North America.

Canada is looking for talented entrepreneurs interested in starting businesses that will stimulate the Canadian economy while creating employment opportunities for its residents. In the sight of increasingly accepting more immigrants,

Eligibility Criteria

A Start-Up visa Program is an attractive option for you if you are an entrepreneur or innovator. The program does not require a minimum investment by the investor, and along with this, there is no net worth requirement. Moreover, the investor can decide to live anywhere in Canada and only requires to score a minimum of five CLB on the English language IELTS test.

However, it is essential to note that the program requires you to have settlement funds to help you settle yourself and your family in Canada. After three years of permanent residency, you can become eligible to apply for Canadian citizenship and a Canadian passport.

To be eligible for the Start-Up visa, the foreign entrepreneur must have a viable business project that will meet the requirements of a government-approved designated entity.

There are three options available for the investors:

Business Incubator Program – You should be accepted in a business incubator program that will work with you to prepare a business plan for your project. It usually involves a payment of about $ 100,000 Canadian to the incubator by the entrepreneur for the involvement in the project. Further you would need to spend some time in Canada, approximately 6 months, working with the incubator group to perfect the plan.

Angel Investor – Get the support of a government-designated angel investor group to invest under $ 75,000 Canadian in your project.

Venture Capital Fund – Get the support of a government-designated venture capital fund group to invest just over $ 200,000 Canadian in your project.

In all the above-given cases, you must have at least 10% of the voting shares in the Canadian company that is to be incorporated to do the project. You must also be actively involved in the management of the new enterprise in Canada. Furthermore, no person can hold 50% or more of the voting shares in the enterprise.

Once you meet these requirements, you will get a letter of support from your sponsor which opens the doors to your Canadian immigration. Processing your permanent resident immigration application with the letter of support can take about 18 months. However, once you have your letter of support, you can immediately apply for a short-term work permit to come to Canada to work on your project in the company.

Apart from this, your spouse and children can also enjoy the benefits of Permanent residency like healthcare, and free education for your children. Your spouse would also be eligible to get an open work permit.

Finally, being specialists in Business Immigration (especially Start-Up Businesses), we have developed good expertise and helped many investors and entrepreneurs successfully navigate the Start-up visa process.

To know more about the Start-Up visa program, you can visit our Canada Start-Up page

Acquest Advisors is an Investment Immigration Advisory specialising in Citizenship and Permanent Residency through Investment Immigration programs run by governments esp. America, Canada & Europe.