If you are an entrepreneur with an innovative business idea and a desire to move to Canada permanently, you may qualify to apply for the Canada startup visa program.
Canada is always on the lookout for talented and experienced entrepreneurs who are willing to start businesses in Canada, which in turn help stimulate the Canadian economy by creating more employment opportunities.
The startup visa program offers entrepreneurs an opportunity to establish a new business in Canada. To qualify, an immigrant entrepreneur must have an innovative business idea to create more jobs for Canadians.
There are four essential startup visa Canada requirements you must meet to apply for Canadian startup visa from India:
To be eligible for this visa program, applicants must submit a Letter of Support and Commitment Certificate with their startup visa application. These documents will include the essential details of the arrangement to prove that a designated authority supports the business.
However, unlike provincial and federal investor programs in Canada, where candidates are required to invest their capital, no investment of your funds is necessary for startup visa Canada.
A business idea or venture must be supported by one or more of the following designated organizations:
Candidates who meet the startup visa Canada requirements must secure:
However, if the candidate is accepted into Canada’s recognized business incubator, there is no need for investment capital.
To apply for a Canadian startup visa, you may follow the below listed stepwise process:
Step 1- Business Idea & Experience
You need to have an innovative business idea ready. Moreover, it is preferable that you have some business or professional experience to support your PR application.
Step 2: Language Proficiency
Get a language test result from an approved testing agency, such as IELTS, with a minimum CLB 5 in English /French.
Step 3: Language Proficiency
Get a language test result from an approved testing agency, such as IELTS, with a minimum CLB 5 in English /French.
Step 4: Enough funds
Provide proof that you have enough money to support yourself and your dependents upon arriving in Canada.
Step 5- Submit Visa Application
Fill, sign and submit the Visa application form and all the required documents.
Canadian Work Permit for Start-Up Visa applicants
Those foreign nationals who have received their Letter of Support and Commitment Certificate from a designated entity may apply for short-term work permit under Canada’s International Mobility Program.
To qualify for a work permit, you must have a support from a designated entity, pay the employer compliance fee, and have sufficient funds to meet the cut off criteria of low income for your family for at least 52 weeks.
Also, before submitting your work permit application, you must provide a ‘self-employed’ offer of employment, along with an employer compliance fee payment receipt of $230.
The current processing time for the Canadian startup visa program is approximately 12 to 16 months.
This processing time also includes the time taken in giving biometrics, as the authorities may ask the candidate to provide their biometrics along with their applications.
If you are an investor or an entrepreneur, Visas Avenue can assist you in applying for a Canada PR visa. Complete our free assessment form for business immigration to Canada, and one of our associates will assess your eligibility and connect with you to discuss the best Canadian immigration options.
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