Business and Investor Immigration : Start Up Visa Program
Canada is considered one of the easiest countries in which one can start a business. This is because of the country’s wealthy natural resources, a highly skilled workforce, and stable administration. If you want to immigrate to Canada as an Investor or Entrepreneur, first, you should apply for Canada Start Up Visa Investor Immigration Program. However, the good news is that you have several Investor Visa options, including the common Start-up Visa Program and the local-explicit Provincial Nominee Program.
The key to immigrating to Canada to start your business in the country mainly counts on getting your visa application approved. This means that you are supposed to meet all the requirements that are necessary to make your application approved. Once approved, you can even bring your family to the country and can live together.
The Provincial Nominee Program provides every Canadian state and territory with the power to invite investor visa applicants to come and reside in their borders if they have the correct skills and work experience. Most of these programs have one investor or entrepreneur visa category as a minimum, dedicated to people who desire to and who want to start or expand their business in the country.
When it comes to the general Investor Visa option, the Start-up Visa Program is the best and the easiest way to enter the country as an entrepreneur. This is because this Canada Start Up Visa investment immigration program allows you to immigrate to the country by starting a company. However, if you know the requirements that are to be met to start a business anywhere in the country, your business visa application will never be rejected.
First, you should understand that your business should generally be innovative, compete globally, and create jobs for Canadians. While you wait for the approval of your Start Up Investor Visa for Canada application, you can apply for a work permit temporarily, as well, to keep you busy in the country.
Some of The Requirements That You Should Meet While Applying For An Investor Visa Through The Start Up Visa Canada Investment Immigration Program Include:
Business Requirements: You should include only a maximum of five people as owners of the company. Each owner should hold 10% of the voting rights as a minimum, connected to all outstanding shares of the company. Moreover, they should hold above 50% of the voting rights attached to all outstanding shares of the company along with the designated organization.
Letter of Support: You are required to get a letter of support from a chosen organization that proves they are eager to invest in and support your start-up company. These businesses include:
- Angel Investor Groups with an investment of $75,000
- Venture Capital Firms with an investment of $200,000
- Business Incubators
Language Requirement: To get your investor visa Canada application approved, you may need to score at least 5 as the Canadian Language Benchmark level Test in reading, speaking, writing, and listening in either French or English.
Settlement Money: You should understand that the Canada investment immigration program would not offer you financial support to your investor visa. You need to be capable of proving that you have sufficient money to support yourself as well as your family in Canada.