Canada offers start-up Visa Program to those immigrants who want to establish their own start-up in Canada. If you have the same plans, you can give shape to them with the help of Canada Start-up Visa program.
Canada Start-up Visa Program bridges the gap between immigrant entrepreneurs and the private sector organizations in Canada, which are expert in working with start-ups. Your application will be assessed based on the following four criteria-
- You should have a support letter from the angel investor group, a venture capital fund or a business incubator.
- CLB 5 scale communication skills in English language or fair hold on French language.
- Minimum one year of completion at a Post- secondary institution.
- Financial ability to bear the livelihood and settlements in Canada prior to earning an income.
If you meet these requirements, your application will be reviewed on CIC standards, eligibility criteria, health and security status, police verification and others. Canada Immigration Council may request an independent peer review to make sure that the organization providing letter of support performs due diligence.
Investment amount for Canada Start-up Visa –
You need to invest $200,000 if the investment comes from a designated Canadian venture capital fund and $75,000 if it comes from a Canadian angel investor group.
Canada start up program, special features –
- The permanent resident status has nothing to do with the success or failure of your business.
- The program is designed in such a way that the risk of failure is shared between the public and private sectors.
To check your eligibility for the Canada Start up Visa program fill out the assessment form. Make sure that the information you provide is authentic in order to get a proper assessment.
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