Do you’ve got an modern enterprise thought that would create jobs and need to immigrate to Canada? If that’s the case, the Canada Startup Visa Program could be best for you.
Launched in 2013, the Canada Startup Visa goals to encourage entrepreneurial immigration to Canada by providing everlasting residence to those that open qualifying companies in any Canadian province or territory (apart from Quebec).
What Is the Startup Visa Program and What Are the Eligibility Standards?
The Begin-Up Visa Canada helps overseas nationals set up their companies in Canada by connecting them with designated Canadian traders. With assist from one in all these designated traders, immigration candidates can get hold of momentary work permits to return to Canada and launch their start-up earlier than qualifying for everlasting residency.
To satisfy the situations required to acquire a Canada start-up visa, candidates should:
- Have an accredited plan for a qualifying enterprise
- Submit a Letter of Assist and Dedication Certificates from one in all three qualifying designated entities:
- Angel investor
- Enterprise capital fund
- Enterprise incubator
- Have proof of sufficient funds to settle in Canada. These funds should be unencumbered (freed from creditor claims or liens) and cannot be borrowed
- Meet minimal language proficiency (Canadian Language Benchmark stage 5) in both English or French
Along with the Begin Up Visa Canada standards, candidates should additionally bear a medical examination and supply police certificates. These paperwork should not required for the preliminary software course of, however they’re needed earlier than receiving approval.
How Do I Get A Startup Visa?
Step one in direction of acquiring a Canada Begin Up Visa is getting ready a viable marketing strategy. The Canada Begin Up Visa Program is superior to many different world entrepreneurial immigration initiatives in that the candidate has near-absolute freedom of their alternative of enterprise, offered the enterprise meets the next standards:
- The immigration candidate should management no less than 10% of the proposed enterprise. As much as 5 candidates could apply collectively offered they may every maintain a minimal of 10% of the corporate and no exterior group owns greater than 50% of the enterprise
- The enterprise proposal has secured the minimal required monetary dedication from a certified entity:
- $200,000 from a enterprise capital fund
- $75,000 from an angel investor
- Acceptance right into a enterprise incubator program (no monetary dedication required)
As soon as the enterprise proposal has acquired approval, candidates could compile and full their Begin Up Visa functions topic to the opposite situations talked about above.
How Can I Get an Entrepreneur Visa for Canada?
Along with the Canada Begin Up Visa Program, every province and territory operates its personal Entrepreneurial Immigration Program. Well-liked packages embrace:
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BC Regional Pilot Program
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BC Entrepreneurial Immigration Base Class
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Alberta Worldwide Graduate Entrepreneur Immigration Stream
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Manitoba Enterprise Investor Stream
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Ontario Entrepreneur Stream
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New Brunswick Enterprise Immigration stream
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Newfoundland and Labrador The Worldwide Entrepreneur
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Nova Scotia Immigration Entrepreneur Stream
These packages are separate from the Canada Begin Up Visa Program, and every could have its eligibility necessities.
The right way to Apply for Canada’s Begin-Up Visa from India?
Candidates that meet all the standards can then submit a paper-based software to Immigration, Refugees and Citizenship Canada. Together with the applying, a candidate should embrace the next:
- Copy of journey paperwork
- Proof of language proficiency
- Letter of Assist
- Certificates of Dedication
- Id paperwork
- Police certificates
- Picture
- Proof of settlement funds
- Utility charges
As soon as submitted, it could actually take between 12 and 16 months to course of your software.
The crew at Elaar Immigration offers a full vary of immigration consulting providers to shoppers worldwide. We now have helped 1000’s of households achieve everlasting Canadian residency due to our trade data, consideration to element, skilled dedication, and long-term assist. Wherever you’re in your journey in direction of immigration to Canada, our consultants may also help guarantee your dream turns into a actuality.
