Are you a dynamic entrepreneur interested to start a business in Canada and obtain permanent residence?
The Canada Start-up Visa Program aims to recruit innovative entrepreneurs to Canada and link them with the Canadian private sector businesses in order to facilitate the establishment of their start-up business in Canada.
To be eligible for the program, you must meet four basic requirements
Create a qualifying business;
Have sufficient settlement funds;
Obtain a commitment from a designated entity;
Demonstrate sufficient proficiency in English or in French.
Successful candidates will receive a letter of support from a government-designated entity: angel investor group, venture capital fund or business incubator.
The government designated entity is primarily responsible to determine the viability of the applicant’s intended business and present an approved project, along with a Commitment Certificate, to the Canadian immigration authorities.
In order to qualify, the intended business must be incorporated and carrying on business in Canada at the time the commitment is made and:
The applicant owns a least 10% of the voting rights in the corporation; AND
No other person holds 50% or more of the total amount of voting rights in the corporation.
Up to five applicants may have their application for permanent residence supported by the same business investment. However, certain applicants may be designated essential to the intended business. If any of the essential applicants withdraw their application or are refused for other reasons, all other applicants under the same business investment will see their applications terminated.
The business project is essential to the successful outcome of the application
Find out how our team at Immigration.ca will assist you to establish your business in Canada and with the immigration procedures of the key people involved in the business.
If you look forward to begin working for your new business in Canada, you may apply for a short-term work permit on the basis of your Commitment Certificate, if the designated entity supports such a request. If approved, you will be able to come to Canada before your permanent residence application is completed.
To apply for permanent residence, the following criteria must be met:
You must be actively involved in the management of the business within Canada;
The operations of the business, or an essential part, must take place in Canada; and
The business must be incorporated in Canada;
You must have the intention to live in any province of Canada except the province of Quebec.
Canada Start-Up Visa: The Essentials
Complete list of designated entities that may support an application under the Start-Up Visa Program