Canada Start-Up Business Visa Program

Canada Start-Up Business Visa Program, officially known as Canada Start-Up Class, this is a platform through which qualified immigrant entrepreneurs can get a Canadian PR. The main purpose of this program is to attract innovative entrepreneur and create employment in Canada also links them with investors in Canada to establish a start-up business.

An applicant can come to Canada and work on his/her business project through a work permit. The work permit must be supported by the Canada-based designated investor. Once the business is established, an entrepreneur can apply for a Canadian PR.

 

There are three types of investors under this stream;

• Angel investor.

• Venture capital fund.

• Business incubator.

 

Designated Entity (Investor)

As mentioned above, there are three kinds of investors – Angel Investor, Venture Capital Fund, and Business Incubator.

• Designated Angel Investor group – Must confirm that they are investing at least $75000 into a qualifying business.

• Designated Venture Capital Fund – Must confirm that they are investing at least $200,000 into the qualifying business.

• Designated Business Incubator – must accept the applicant into its business incubator program.

 

Support from Designated Entity

An entrepreneur must have a viable and sound business plan. The plan should meet the requirements of the government approved designated entities. An intending immigrant can contact a business consultant in Canada to make sure the business plan is meeting the industry requirements.

Eligibility (Candidate)

• A candidate must have aCommitment Certificate and Letter of Support from a designated entity.

• A candidate must havedebt-free, sufficient, available, and transferable funds.

• A candidate must haveproficiency in English or French at minimum Canadian Language Benchmark level 5.

• Qualifying business.

 

Business Ownership Requirement

• The proposed business should be set up and operational in Canada.

• The candidate must own at least 10 percent of the voting rights in the business.

• The candidate and the designated entity jointly hold more than 50% of the total voting rights.

Why I.I.T.M?

As one of the recognized leading Canada immigration consultants, we provide unparalleled consultancy support to professionals from all walks of life. Our expertise with the owner-operator pathway has helped budding entrepreneurs to realize their Canadian dream. We’re uniquely positioned in the industry with our presence in Canada, to assist you firmly and advise you correctly on several Canadian immigration programs.

Through our established network of licensed professionals, we help to materialize your dream immigration to Canada from India, through our ability to locate suitable businesses for sale in Canada. You can undoubtedly rely on our 25 years of combined industry experience recognized by the Canadian legal community to complete your immigration requirements.

For more information and immigration updates on Canada immigration programs, you can write to us at enquiry@iitm.ca or call us on +(91) 783 838 0097 We at I.I.T.M are dedicated to responding to all of your immigration-related queries.