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The start-up visa program may make it possible for entrepreneurs to immigrate to Canada. Canada is looking for talented entrepreneurs that are interested in starting businesses that will stimulate the Canadian economy while generating employment chances for its residents.
What is the Start-Up Visa Program?
Entrepreneurs have the chance to immigrate to Canada through the start-up visa program to launch a new business. Immigrant business owners must show that their venture is unique, will generate new employment for Canadians, and is capable of competing on a global level.
Quickest visa approval within 3 months
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Quickest visa approval within 3 months
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Following are the requirements you need to meet, to become eligible for the Start-Up Program
Assessment and drafting of your business plan
Assistance in obtaining a support letter
Application for PR
You must demonstrate (with a commitment certificate and a letter of support) that your company is backed by a designated organization to meet the eligibility requirements. These records, which will detail your agreement with one or more specified groups, are crucial to your start-up visa application. There will be no requirement for applicants to spend their own money, unlike federal and provincial investor programs where they must.
Those who are eligible must instead raise a minimum of $200,000 from a Canadian venture capital fund or $75,000 from a Canadian seed investor, as determined by the government of Canada. No investment money is required if the applicant is accepted into a reputable Canadian business incubator.
Expert PR & Immigration Consultant
What if the business falls apart?
What are the benefits of the Start-Up Visa for Canada?
What is the time duration of the process for getting a start-up visa?
Is it relevant to work full-time on a Start-up visa?
What happens once I obtain a Start-Up visa?
Entrepreneurs with high-potentials can reside anywhere in Canada thanks to First Step Immigration when they launch their company in Canada thanks to our appointment as a designated organization under the new Alberta Foreign Graduate Start-up Visa Stream and our designation as a Government of Canada Start-up Visa business incubator (FGSVS).
With ten years of business, tax, and corporate finance expertise, First Step can give applicants detailed guidance on structuring their start-ups. For those considering the program or already starting the first steps, First Step offers strategy advice as one of its services. Contact our experts for further details!
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