Do you want to visit and settle in Canada? You have to apply for the Startup Visa program as the initial process. Let’s go through some points to apply for the Canada Startup Visa Program.
1. What do you mean by Canada’s Startup Visa Program?
Canadian startup visa program is given to Canada qualified business persons as well as Canadian permanent residents. To immigrate to Canada, a startup visa is required to visit Canada.
This program aims at start-up businessmen and attaches them to private investors in Canada who assist to start their business.
Candidates can travel to Canada based on the Canadian business visa program or work permit. Once their business will be established, they can apply later to get a permanent residence in Canada.
To apply for the startup visa program, investors are mainly divided into three basic categories.
· Angel investor
· Business culture maintainer
· Venture capital fund
2. Eligibility Requirements
Check out the eligibility requirements for the Startup visa program which is discussed below.
· Certified business
· Promise certificate and support letter from a designated authority
· Enough restriction, availability, appropriate funds for transfer
· Proficient in English or French language at a score of 5.
3. Do You Know About A Startup Visa Program Authorized Community?
An authorized community is divided into three categories that are angel investors, business boosters, and venture capital funds.
The necessary promise should meet the following criteria.
· An authorized angel investor must invest at least $75,000 into the certified business. Immigrants can take benefit of investing $7500
· An authorized venture capital fund can invest up to $200000 into the approved business. They can invest in two or three installments
· An authorized business moderator can now allow the candidate to join a business booster program.
4. Start-Up Visa Program Necessities
To qualify as a permanent residence,
· Your business must be certified and running in Canada
· Candidates must have 10% of voting rights as a member of the venture
· No one can become a partner in a corporation with 50% of shareholders.
Almost 5 persons should be permanent Canadian residents working on your business or invested already with your business. Few candidates must be authorized to run the business appropriately. Suppose one member has withdrawn his application, the rest of the members will get a termination letter. These five members are referred to as the necessary member of the sector.
5. How Can Applicants Get Approval for a Job Permit or Permanent Residence?
To be certified for a work permit
Applicants with a promise approval from an authorized community can apply for short duration job permit for running their business in Canada. The authorized community must assist the request.
To be certified for a permanent residence
· Applicants must be engaged in the management business in Canada
· Business operations established in Canada are the necessary part of your investment
· Business must be established in Canada.
6. How Does An Aiming Business Traveller Obtain Assistance from An Authorized Community?
A hoping business person must develop and grow his business in Canada meeting the necessities of a designated government-authorized community. Hire up a business consultant with an experienced enterprise lawyer who will assist you develop start-up business plans meeting all sectors' terms and conditions.
7. How Much Time is Required For An Aiming Business Person to Complete the Startup Visa Program Procedure?
Suppose an immigrant business person or investor has a well-settled business project, almost more than six months are needed to get an approval certificate from an authorized community.
8. How Do Immigrant Consultants Assist Business Traveller To Get Start-Up Visa?
To process a Startup Visa Canada, several agencies are acclaiming that they are well-established and experienced immigrant consultants in Canada. These consultants assist business entrepreneurs to get startup visa and also support them in establishing their startup business in Canada.