Immigrant entrepreneurs who are innovative and can create jobs in Canada and compete on a global scale may apply for Canada’s Start-Up Program.
To be eligible for the Start-up Visa, the following are required from the applicants:
A qualifying business
A letter of support
Proof of language competency
Settlement money
A business idea must get the support of the designated organizations listed below:
Venture capital funds
Angel investor groups
Business incubators
These organizations are business groups that invest in or support possible start-ups through the Start-up Visa Program. Each organization has its own criteria to assess business proposals. What they assess is the potential of the proposal and whether or not it’ll succeed.
If an organization chooses to support a business idea, it’ll give the applicant a Letter of Support which is proof that they will support that business idea. The letter of support should be included when submitting the application as proof that the venture capital fund, angel investor group, or business incubator is supporting the business.
A language test result from an approved agency should be included in the application, with the minimum CLB of 5 in English or French in the four areas:
· speaking
· reading
· listening
· writing
The amount of funds needed depends on the size of the family of the applicant and currently is as follows:
Number of family members | Funds required |
1 | $13,213 |
2 | $16,449 |
3 | $20,222 |
4 | $24,553 |
5 | $27,847 |
6 | $31,407 |
7 | $34,967 |
For each additional family member | $3,560 |
Why choose us?
We have been helping many applicants to become permanent residents for years and we have a high success rate. Our clients from almost 20 different countries have experienced this with us and you can be the next successful one. We know how to prepare documents and how to make your immigration process smooth and easy for you. Contact us HERE to start the process today!
If you are not a Canadian Permanent Resident yet and you are not sure what the best way for you to immigrate to Canada is, please fill out our assessment form HERE and we will get back to you with your possible options.
