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Canada – Start Up

CEO
RCIC’s Leading Visa & Immigration Lawyer with

5+

Years Of Experience

Canada

Start-Up Visa Program

The Canada Start-Up Visa Program offers an exceptional opportunity for innovative entrepreneurs from around the world to establish their businesses in Canada while gaining permanent residency. This program is designed to attract creative minds and visionaries who can contribute to Canada’s economy through innovation, job creation, and global competitiveness.

Overview of the Start-Up Visa Program
The Start-Up Visa Program connects immigrant entrepreneurs with private-sector organizations in Canada that have experience working with start-ups. These organizations include angel investor groups, venture capital funds, and business incubators. Successful applicants receive support to develop their businesses and gain permanent residency.

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Key Features of the Start-Up Visa Program

Entrepreneurial Focus:

- Designed for individuals with innovative business ideas and the potential to create jobs in Canada.

Support from Designated Organizations:

- Applicants must secure a commitment from a designated organization to support their business.

Permanent Residency:

- Offers a direct pathway to Canadian permanent residency.

Family Inclusion:

- Applicants can include their spouse or common-law partner and dependent children in their application.

Eligibility Criteria

Applicants must meet the following requirements to qualify for the Start-Up Visa Program:

Innovative Business Idea:

- Present an innovative idea that is viable, scalable, and capable of competing globally.

Letter of Support from a Designated Organization:

- Secure a commitment from one of the following:
Angel Investor Groups: Minimum investment of CAD 75,000.
Venture Capital Funds: Minimum investment of CAD 200,000.
Business Incubators: Acceptance into a business incubation program.

Ownership Requirements:

- Up to five individuals can apply as owners, provided they hold at least 10% voting rights each and a combined 50% or more.

Language Proficiency:

- Demonstrate proficiency in English or French by achieving a minimum Canadian Language Benchmark (CLB) 5.

Settlement Funds:

- Provide evidence of sufficient funds to support yourself and your family during the initial settlement period in Canada.

Medical and Security Clearance:

- Pass medical and security checks to ensure eligibility.

Benefits of the Start-Up Visa Program

Access to Global Markets:

- Establish a business in Canada and access North American and international markets.

Business Support:

- Benefit from mentorship, funding, and resources from experienced organizations.

Permanent Residency:

- Obtain permanent residency for yourself and your family members.

Family Benefits:

- Enjoy access to Canada’s world-class healthcare, education, and social systems.

Pathway to Citizenship:

- Permanent residency can lead to Canadian citizenship after meeting residency requirements.

Application Process

Develop a Business Idea:

- Create an innovative business plan that meets program requirements.

Secure Support:

- Obtain a letter of support from a designated angel investor group, venture capital fund, or business incubator.

Prepare Application:

- Gather required documents, including proof of language proficiency, settlement funds, and business ownership.

Submit Application:

- Submit your complete application to Immigration, Refugees, and Citizenship Canada (IRCC).

Processing and Approval:

- Applications are assessed based on eligibility criteria and business viability.

Receive Permanent Residency:

- Upon approval, relocate to Canada and establish your business.

Why Choose Canada for Your Start-Up?

Canada is known for its robust economy, strong support for entrepreneurs, and welcoming immigration policies. With access to a highly skilled workforce, cutting-edge research facilities, and a multicultural society, Canada provides the ideal environment for start-ups to grow and thrive.

Need Expert Guidance?

Navigating the Start-Up Visa Program can be challenging. Our team of experienced consultants is here to guide you through the process, from securing support from designated organizations to submitting your application. Contact us today to start your journey toward establishing your business in Canada!

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