Description

Start Up Visa Canada

Selected candidates will get a letter of support from a government-designated entity:

• Angel Investors Group.
• Venture capital fund.
• Business incubator.

The government-appointed entity is primarily responsible for determining the viability of the business.

They will submit an approved project along with a Certificate of Commitment to the immigration authorities.

All applications are evaluated on a pass/fail basis.

 

The Future Business in Canada

To qualify:

• The applicant holds at least 10% of the voting rights in the business.
• No other person owns 50% or more of the total amount of voting rights in the business.
• Up to five applicants may have their application for permanent residence.
• Some applicants can be necessary to the intended business.
• If any applicant withdraws his or her application, or it is negative, all other people under the same business investment will have their applications canceled.

People  who have get a Certificate of Commitment  may apply for a short-term work permit. 

To get a work permit:

The applicant must provide:

• A letter of support from the designated entity
• Proof that they have enough funds to meet the low income limit (LICO) for their family size for one year.

To receive permanent residence:

• Actively participate in the management of the business within Canada.
• Business operations must take place in Canada.
• The business must be in Canada.