Startup Visa Canada | Canada Startup Visa Program
Canada Startup Visa Program targets migrator entrepreneurs with the talents and potential to create businesses in Canada that:
- Are innovative
- Can produce jobs for Canadians
- Can contend on a worldwide scale
All programs for start-up visas in Canada aim to help migrant entrepreneurs to ascertain businesses in Canada by permitting foreign business homeowners and their families to use for permanent resident standing. Whereas looking ahead to their permanent residence, foreign entrepreneurs who have applied for a Canada start-up visa are eligible for a brief official document permitting them to travel to Canada to launch their business and also can avail of other Canada Startup visa benefits.
As the Canadian economy continues to experience unprecedented levels of economic growth, the Canada startup visa program is one of several immigration initiatives designed to assist gifted foreign entrepreneurs in entering the country and starting their ventures.
START UP VISA FOR FOREIGN ENTREPRENEURS:
The Canada start-up visa program is suitable for entrepreneurs with associate degrees existing business that’s prepared for investors. To become eligible for this startup visa in Canada, candidates should have already created their business and secured commitment from a delegated Canadian business investment organization.
STARTUP VISA FOR CANADIAN INVESTORS
The Canada Startup Visa Program encourages Canadian organizations who are curious about supporting migrator entrepreneurs with launching their business activities in Canada. The Canada Startup Visa Process welcomes 3 types of organizations: angel capitalist teams, business incubators, and capital funds. To participate in the program, initially, a corporation should become selected by IRCC.
To become selected, a corporation should be a member of or be suggested by one of all the IRCC’s partner business organizations. Once a corporation is selected, it will be screened on IRCC’s list of selected employers. There is no set methodology for selected organizations to seek out migrator entrepreneurs. Thus, it’s expected that every organization can confirm its procedure. To support a migrator enterpriser, the subsequent investment is required:
- Angel Investors: Minimum investment of CAD 75,000
- Venture Capital Funds: Minimum investment of CAD 200,000
- Business Incubators: No money investment is needed, however, the migrator enterprise should be accepted into the business setup program.
Eligibility Criteria for a Startup Visa Canada.
To be eligible under the Canada startup visa Program, you must have:
1. Letter of Support and Commitment Certificate :
Applicants trying for Canada Startup Visa Program should have received a letter of support from a chosen capitalist organization. For this, the Candidate should win over a chosen capital fund or angel capitalist cluster to take a position in his or her projected business.
The capitalist organization also will offer a Commitment Certificate on Citizenship and Immigration Canada, summarizing the main points of the commitment created with the applicant in the Canada Startup Visa Process.
2. Investment Requirement:
The Canada Startup Visa applicants should secure an investment of a minimum of CAD 200,000 if the investment is from a chosen capital fund or secure a minimum of CAD 75,000 if the investment is from a chosen angel capitalist cluster when trying for a startup visa Canada. To know more about the Canada startup visa benefits do reach out to our startup Visa Consultant known for providing best services concerning Immigration startup visa Canada.
3. Language Requirement:
Candidates have to meet the Startup Visa Canada requirements in their language proficiency test from an approved agency. The minimum level of CLB is 5 in either English or French. They should be ready to communicate in English or French. If you want help with clearing your language test reach out to our Canada startup visa Consultants to get a clear understanding.
4. Education Eligibility:
The Candidate should have completed a minimum of one year of study at a post-secondary establishment. The Candidate should even be ready to submit proof that he or she was in smart standing for a minimum of one year whereas attending a post-secondary establishment. Candidates will offer transcripts, a letter of fine standing, certificates, diplomas, or degrees as proof for this demand.
5. Enough Settlement Funds:
Based on the Startup Visa Canada Requirements, the Candidates should have enough settlement funds to support themselves and their families once they immigrate to Canada. Hence the required funds needed for survival depend on the number of members the primary applicant decides to bring as dependents. For more information, please refer to any of our Startup Visa Consultant at Croyez Immigration.
6. Security and Medical Clearances:
The other startup visa Canada requirements are that their candidates must undergo security clearance and medical tests to prove their medical fitness and have no criminal records on them. For queries on Canada Startup Visa process, please contact Croyez immigration startup visa Canada.
Required Documents for Canada Startup Visa:
Documentation is the key to success when it comes to Canada Startup Visa. With proper documentation you can surely get your Visa. Here are the basic Startup Visa Canada requirements that might help you in the Canada Startup visa process
- Your Business document based on the business type
- Letter of Support from your approved Investor or Business Partner
- Langauge Test
- Fund Documents
- Medical & Police Clearance certificate.
Want a clear picture of the list of the documents, contact our startup visa Consultant to know more about startup visa Canada requirements.
How to Apply for Canada Startup Visa.
You can apply for Startup Visa Canada through your IRCC login and check for the updates there. The basic steps for the Startup visa Canada process is as follows
Step:1 – Check if you meet all the eligibility points mentioned in the Startup Visa Canada requirements.
Step:2 – Prepare the required documents and download the visa application form for Canada Startup Visa.
Step:3 – Upload all the documents in the startup visa Canada requirements checklist with the visa application form.
Step:4 – Upon the mentioned startup visa Canada processing time you will get an update to your mail ID which is registered with IRCC login on the decision that has been made concerning your profile.
How Croyez can Help you?
Croyez Immigration is one of the best service providers for Immigration startup visa Canada. Our startup visa consultant will guide you through the complete process of the Canada startup visa program, Canada startup visa process, Canada startup visa benefits and Startup visa Canada requirements.
They have expert Canada startup visa consultants specialized in all the various immigration options that the Canadian government has to offer. Contact Croyez immigration for more information or feel free to walkin to any of our branches located all over India.
Frequently Asked Questions
How much money is required for a startup visa in Canada?
The investment varies with the nature of business and the plans one has outlined to build up;
- Normally, If you are an angel investor (a high net worth individual) who usually invests your own funds in a company or start-up venture can begin from a minimum investment of CAD$75000
- Venture capital funds require a minimum investment of CAD$2,00,000
Business Incubators will not need any fixed minimum investment; they just have to meet the required criteria for the said business set up.
How can I qualify for Canada Start-up Visa Program?
The applicant should
- Possess potential entrepreneurship skills along with a qualifying innovative business
- Possess a valid letter from a designated organization in support of the business
- Possess enough settlement funds to live and settle in Canada
Also, the applicant should have good proficiency in the language as required.
Who reviews the startup visa program applications?
Your proposed business will be reviewed by the designated Canadian Business Organization to check the potentiality and sustainability, after which IRCC steps in and look over the support you have gained ensuring the eligibility to become a permanent resident, the final check would be aligned to make sure the authenticity of the proposed business as it might undergo an individual review process with other industry competent peers ensuring the support of the designated organization.
Is there a language test to apply for a startup visa?
Can I immigrate to Canada together with a team of entrepreneurs?
If you are applying for a start-up Visa Program along with a team of business people for one whole business, IRCC allows a maximum of 5 entrepreneurs to join you, among the five IRCC will categorize the members as essential and non-essential to the proposed business. Here, essential person means the one who will support and invest the said business and if IRCC refuses the essential applicant’s profile, the other four applications will also be impliedly refused.
What if my business fails after I immigrate to Canada with a Startup Visa?
It is important to have enough settlement funds and the entrepreneur should also be aware of the fact that the Canadian Government will not provide any financial support to the Investor Immigrants; the immigrant should be able enough to procure funds to either restart the business or to work and settle in Canada.
Croyez Immigration is helping in every possible aspect to fulfill your dream for work and settle in your dream country. We are assisting you with all programs like Express entry, General Skilled migration and Temporary visa. Nowadays its become a land of opportunity for the immigrants it’s time to take the opportunity and utilize it. We have an expert team to guide your application with value-added services. If you think to adapt a great lifestyle in Canada & Australia then Croyez Immigration is the right place to start.