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Start Up Visa Canada

$2,100 $1,490

Applicants for the Start up Visa Canada program must meet four basic eligibility requirements:

  • Have a qualifying business.
  • Have a commitment from a designated entity in the form of a Certificate of Commitment and a Letter of Support
  • Have sufficient uncommitted settlement funds. Available and transferable.
  • Demonstrate sufficient proficiency in English or French.

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.

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