STARTUP VISA PROGRAM

Advantages

  • Lauch of the permanent SUV program on April 1, 2018
  • Economic prosperity and growing job market
  • Safe living environment, highest standards of living
  • Multicultrural society that promotes freedom of expression, equal rights and respect for diversity
  • High quality subsidized education
  • Advanced health and welfare systems
  • Opportunity to sponsor your family relatives who want to Immigrate to Canada
  • Immediate permanent residence for successful applicants
  • Possibility to apply for Canada citizenship after 3 years of permanent residence

Requirements

  • An intention to settle in Canada with the goal of establishing a business there
  • Have acquired training and occupational skills
  • The applicant and family members must be in good health and have no criminal record
  • The applicant must demonstrate that they are innovative Immigrant entrepreneurs who will spur economic groth
  • Must meet strict eligibility requirements in terms of 3rd Party commitment to the venture, language skills and Settlement funds
  • Applicant and dependents must pass a medical examination.

Eligibility

  • To be eligible to receive a startup visa for a business venture the applicant must meet some key requirements:
  • Obtain a commitment from designated organizations:
  • Business incubator confirming that the applicant’s business is currently participating in or has been accepted into its business incubator program, or
  • Angel investor group confirming that it is investing at least CAD 75,000 in the applicant’s business
  • Venture Capital Fund confirming that it is investing at least CAD 200,000 in the applicant’s business
  • The applicant must hold at least 10% of the voting shares In the business, and together with the designated organization at least 51% of the voting shares
  • The applicant must operate and manage the business venture once set up from within Canada
  • The applicant must meet a minimum of level 5 in the Canadian language Benchmark Test in English or French, In speaking, reading, listening, and writing
  • The applicant must show that he/she has enough funds Support himself/herself and any dependents after they arrive in Canada

Process

  • Appointment of an authorized representative to submit the application
  • Provide proof of language proficiency, and other Eligibility criteria
  • Obtain commitment from Angel investor, Venture Capital fund or Business incubator
  • Submission of application form, supporting documents and fees And fees
  • Typical processing time is within 9-12 months
  • Successful applicants will immediately receive permanent residence visas