Start-up Visa

The Canada Startup Program targets a specific group of entrepreneurs with the skills and potential to create jobs in Canada. This group is entrepreneurs

That :

   1. Have the potential to create employment for Canadian citizens or permanent residents

   2. It can compete with other companies on a global scale

   3. They have an innovative business idea that they should be able to get a support agreement for their idea from one of the organizations designated by the Government of Canada.

If a person has the above conditions, they may be able to immigrate to Canada this way. It should be noted that individuals will receive permanent residency from the outset upon arrival in Canada if their application is accepted, unless the applicant wishes to implement part of his or her idea before the final acceptance before the final acceptance of the application. Permanently enter Canada. In this case, the person must send his / her temporary work visa application to the Immigration Office.

Canada Startup Visa Requirements:

• Receive a letter of acceptance for the start-up plan (Latter Of Support) from one of the companies approved by the Canadian Immigration Service, the list of which is available on the Immigration Office website.
• Evidence that you have studied at a higher education institution for at least one year.
• Proficiency in English or French at least at the CLB5 level (or equivalent in IELTS General or TEF France) in all four language proficiency certified by one of the valid language tests.
• Providing the minimum amount of start-up visa investment by the following groups of the relevant organization:
  • If your capital is funded by Venture capital companies: $ 200,000
  • If you are funded by Angel investor groups: $ 75,000
  • If your capital is funded by business incubators, you will not need to pay the initial cost and you should be accepted into their program.

Conditions for obtaining permanent residency in Canada through a Canadian Start-up Visa:

• The business in question must be established and operational in Canada.
• The applicant must have at least 10% of the voting rights in the company.
• No other person can have 50% or more of the voting rights in this company.
• Up to 5 people can participate in a project.

How to apply for a Canada Startup Visa:

• Presenting a new idea, based on technology and on a global scale, and introducing the idea to investment groups
• Write a business plan and business concept or submit a patent
• Latter Of Support Companies Agree and Letter of Support to You
• Submit documents to the Immigration Office for permanent residence in Canada
• Canadian Immigration Service reviews startup files (usually 12 to 16 month)

Confirmation of file and permanent residence in Canada

Certificate of Commitment in the Canadian Startup Program The investor organization will send a copy of the Latter Of Support letter to the IRCC. And provide a copy to the applicant. This certificate contains information about the agreement between the applicant and the investor organization. Its purpose is to summarize the details of the commitment between the investor organization and the applicant.

The applicant must include this confirmation in his / her permanent residence application file. If two or more applicants are introduced as members of the same business, the investor organization’s commitment may be conditional on one or more “key members” receiving permanent residency. A key member is a person who is specifically identified by the investing organization as essential to the business. If for any reason the file of key members is rejected, the file of the other persons mentioned in the letter of commitment will also be rejected.

If you are interested in migrating from the Canadian start-up method, you can contact our experts for more information or fill out a free evaluation form. Our experts will contact you for further action.