The Canadian Start-up visa program offers the opportunity to entrepreneurs who are seeking a chance in this country. The Start-up Visa program offers entrepreneurs who are seeking opportunities for growth one of these unique entry points. It allows businessmen to get into our economy with many benefits like creating jobs while advancing economic development.
The world is a competitive place and the business environment has never been more challenging. The Start-up Visa Program targets entrepreneurs who are passionate about their craft, willing to take it one step further than anyone else – whether that’s creating innovative products or services for clients in need of something new–and confident enough not only to know what they want but also how best attain it! If you’re an entrepreneur looking at starting up your own company soon then this might be just the right opportunity. The immigration process is one of the fastest.
This program aims to attract entrepreneurs seeking permanent residency in Canada, and will set up a viable and functional business in the country will the help of Canadian investors.
Qualification Details for the program:
-Innovative business idea
To qualify for the Start-up Visa program, you need to have a business idea or be part of an innovative start-up company. You also must own 10% voting rights in your venture when you get the Letter of Support from D.O; the founders should hold more than 50% of the company.
When the applicant gets their permanent residency, they will be able to incorporate and run a successful business in Canada.
The applicant needs to have a great idea for an innovative, start-up business or be able to apply with their current model that would qualify them as one of the immigrants chosen to get support from the D.O.
-LOS for the Start-up Visa program
It’s important that D.O. supporting you will have faith in what will be accomplished by your venture. A commitment letter from them shows support for your venture and provides proof to immigration services.
When an applicant has obtained the LOS, they should attach it to their PR application. The business investors or designated organization will also provide a certificate of acceptance as proof – which means you’re set!
Immigration services want to ensure the applicants have no language barrier. So it is important that potential applicants meet the minimum Canadian Language Benchmark (CLB) levels for speaking, reading, and writing English or French. Anyone who plans on applying should take an exam that comprises these four skills.
An applicant should have enough money to settle in Canada. The applicant also should have enough liquid funds to establish his venture in Canada. To figure out the minimum required funds look it up on the government website.
PR status under the Start-up Visa Program
The application process ensures that only qualified candidates are accepted into this program. If you’re found eligible, then your PR is waiting for you!
If the venture fails and will not be able to continue, the applicant gets to keep holding his/hers PR Status as it is irrevocable.
Proper application for the Start-up Visa
It is important to ensure that the application you submit is accurate. Mistakes in your application may cause big problems.
By working with experts in the field you are ensuring your success!