Start-Up Visa Program

What is Start Up Visa Program?

Start-Up Visa Program aims to attract overseas high-end elites and entrepreneurs to establish high-tech businesses in Canada, creating job opportunities, and stimulating Canada’s economic growth. This is one of the major reforms of the Canadian business immigration system. This stream of immigration requires no management experience, asset declaration report, or restrictions on residential areas, and only a five-point score on IELTS. Start-Up Visa Immigration does not require applicants to invest with their own funds, only a letter of support from the designated investment institution. Furthermore, regardless of the business’s success, the applicant’s permanent residence status will not be canceled. According to statistics, in the next five years, Canada will approve a maximum of 2,750 such immigrants per year.

Canadian entrepreneurial immigration advantages:

There are a number of advantages to immigrating to Canada as an entrepreneur. First and foremost, the Start-Up Visa program offers a quick and efficient way to obtain Canadian permanent residency. There are no specific education or work experience requirements, and the application process is fairly straightforward.

In addition, as a permanent resident of Canada you will be able to take advantage of a wide range of social programs and services, including healthcare, education, and unemployment insurance. And unlike some other countries, Canada does not require entrepreneurs to relinquish control of their businesses in order to obtain residency.

Advantage 1: Start-Up Visa Program is very simple; no managerial experience required, no source of asset report required.

Advantage 2: Speedy application process, done within 6-8 months.

Advantage 3: One step approval for unconditional permanent residence.

Advantage 4:  Choice to start or invest a business anywhere in Canada except Quebec.

Advantage 5: Lower application fee compared to the Immigrant Investor Program

Advantage 6: Enjoy Canada’s social benefits, and travel freely up to 80% of the countries in the world for work/business, and no need to reapply for visa!

Service condition

To be eligible for the Start-Up Visa process, you must first secure a commitment from a designated investment institution. This is an important step, as the institution will provide guidance and support to you during the application process and in the early stages of your business venture. As well, you’ll need to adhere to a few more requirements.

1. Prove that your business plan is recognized and supported by a designated investment institution.
2. Meet the language requirements.
3. Meet the educational credential requirement
4. Have adequate settlement funds

Designated investment institutions

The Start-Up Visa program provides access to a number of designated investment institutions, which can offer mentorship and support to entrepreneurs during the early stages of their business ventures. These institutions have a great deal of experience with start-ups and can provide valuable advice on things such as business planning, financial management, and marketing.

1. Designated venture capital foundation
2. Designated angel investment foundation
3. Designated business incubators
4. Willing to invest in businesses outside Quebec, Canada
5. The Canadian Entrepreneurship Immigration applications need to be supported by a Canadian government designated investment institution. The “Angel Investor” or the Venture Capital Foundation will deliver a “guarantee certificate” directly to the Immigration Department.

This is an important document detailing the agreement between the designated investment institutions and the applicant; it also provides the applicant with a letter of support and confirmation that is required for submissions to the immigration office to verify the application’s interest in investment.

Application process:

The success rate of the Canada Start-Up Visa program is high, with over 80% of businesses that have received visas through the program still being in operation after five years. This is due in part to the many resources available to entrepreneurs through designated investment institutions. Here is an outline of the Start-Up Visa process.

1. Submit your application to the Canadian Immigration Center to be processed
2. Application goes through initial review, processing begins
3. File number issued
4. Possible requests for supporting documents
5. The application passes its initial review; the document is transferred to the overseas visa office where the applicant resides
6. Possible request for other supporting documents, or an in-person interview
7. A medical examination requirement form is issued; the whole family must visit the designated hospital for a medical examination; and submit the family passport and landing paper to the visa office.
8. Applicants receive passport and landing paper with approved visa, the whole family arrives in Canada and receiving Maple Card (permanent residence card).

Fill out a Canadian Immigration Assessment Form today!