* OBJECT:
The start-up visa program is a Canadian permanent residence program administered by the federal government of Canada. It targets immigrant entrepreneurs with the skills and potential to create innovative and globally competitive businesses in Canada that can create jobs for Canadians. It is available in all provinces except Quebec.
The applicant must receive the support of a designated organization which is approved to invest or support possible start- ups (venture capital fund, angel investor or business incubator).
* BENEFITS:
– Permanent Residency: Successful applicants and their families can become permanent residents of Canada, allowing them to live, work, and study anywhere in the country.
– Support from Designated Organizations: Applicants receive support from approved venture capital funds, angel investor groups, or business incubators, which can provide guidance, mentorship, and networking opportunities.
– Fast Processing Times: The program offers relatively fast processing times for permanent residency (approximately 18-24 months) and work permit to start the business in Canada (3-5 months).
– Access to Canadian Markets: Entrepreneurs can access the vast Canadian market and benefit from the country’s strong economic growth, stable political environment, and multicultural society.
– Quality of Life: Canada offers a high quality of life, with excellent healthcare, education, and social benefits for residents and their families.
– Innovation and Growth Opportunities: Canada is known for its supportive ecosystem for startups and innovation, providing ample opportunities for growth, collaboration and success.
– Entrepreneur Work Permit and Spousal Work Permit: Applicants can apply for an entrepreneur work permit allowing them to start their business and an open work permit for their spouse or common-law partner, allowing them to work for any employer in Canada. Children can also study in public schools for free at primary and secondary school levels and get study permits.
– Access to Global Talent: Entrepreneurs can recruit top international talent to support their business ventures in Canada.
Overall, the Start-Up Visa Program offers a unique opportunity for foreign entrepreneurs to establish innovative businesses in Canada and contribute to the country’s economic growth and innovation ecosystem.
* REQUIREMENT:
– You must have a qualifying venture (or business idea) – it needs to be innovative and scalable, and you must prove you have valuable skills to fulfill a critical role in the venture.
– You must show you have enough money to support yourself and any dependents (spouse and children aged less than 22) once you arrived in Canada and also prove your ability to pay the associated incubation fees.
– You must meet the language requirements – you must meet the minimum level of the Canadian Language Benchmark (CLB 5-low intermediate level) in either English or French in speaking, reading, listening, and writing.
– You must have a letter of support from a designated organization and manage the business from within Canada. With the letter of support, we can apply for Permanent residency (18-24 months-processing time) and for the work permit to start the business (3-5 months processing time) prior to being granted the Permanent residency status.
– You may settle anywhere except in the province of Quebec.
– You must have a clear criminal record and pass the health check (same applies for the spouse and dependents).
* PROCESS:
– Letter of support: 3 to 5 months
– Work permit: 3 to 6 months
– Permanent residency: 18 to 24 months
