Startup visa in Canada- Who can apply & get it?

Startup visa in Canada is something you should know in today’s world. As this program is very attractive and simple to apply for, don’t hesitate to apply ASAP. Learn how to immigrate to Canada through start-up and employment creation or to assist innovative businesses.

Startup Visa In Canada

Canada’s Startup Visa Program targets immigrant entrepreneurs with the skills and potential to build businesses in Canada that:

● are innovative

● can create jobs for Canadians

● can compete on a global scale

Requirements/ Eligibility:

To be eligible for the Start-up Visa Program, you must:

1. Have a qualifying business:

– A qualifying business means you created a business that meets the following conditions.

❏ At the time you get a commitment from a designated organization:

○ each applicant holds 10% or more of the voting rights attached to all shares of the corporation outstanding at that time (up to 5 people can apply as owners).

AND

○ applicants and the designated organization jointly hold more than 50% of the total voting rights

attached to all shares of the corporation outstanding at that time.

❏ At the time you receive your permanent residence after applying for Startup visa in Canada:

○ you provide active and ongoing management of this business from within Canada

○ an essential part of the operations of the business happens in Canada

○ this business is incorporated in Canada

2. Get a letter of support from a designated organization:

You must get a letter of support from a designated organization (a business group that has been approved to invest in or support possible start-ups).

You’ll need to:

● contact the designated organization to find out how to get its support

● convince the organization that you have a business idea that is worth supporting and have a bright future

● get a letter of support from the designated organization

The process to pitch your idea is different for each organization. Each organization has its own requirements. For example, you may be asked to present your business concept in person or submit a detailed business plan.

If you reach an agreement with a designated organization, it will send you a letter of support. You need to include this letter when you submit your application for Startup visa in Canada.

The organization will also send a commitment certificate directly to the Canadian authority. They will use both your letter of support and the organization’s commitment certificate to assess your application.

***If you don’t include the letter of support or meet any of the other requirements, they will refuse your application.

3. Meet the language requirements for Startup visa in Canada:

You must meet the minimum level of the Canadian Language Benchmark (CLB) 5 in either English or French in all of these four areas:

IELTS:

4. Bring enough money to settle:

– The Government of Canada does not give financial support to new start-up visa immigrants.

CLB 5 Listening 5.0 Reading 4.0 Writing 5.0 Speaking 5.0

Number of family members Funds Required (in Canadian dollars)

For 1 person: $12,960

For 2 persons: $16,135

For 3 persons: $19,836

For 4 persons: $24,083

For 5 persons: $27,315

For 6 persons: $30,806

For 7 persons: $34,299

How to apply for Start up visa in Canada

1. Get the application package:

– Fill out the application form

– Generic Application Form for Canada [IMM 0008]

– Complete the document checklist

– Attach all of the documents with your application.

2. Pay your application fees:

– From: $2,075

– Biometrics fee: $85 per person

For each additional family member, you have to add funds of $3,492.

Third-party fees:

– Medical

– Police certificate

– Language test fee

3. Submit your application :

Mailing instructions:

Follow the instructions below to determine where to submit your application.

● Put the completed forms, supporting documents, and fee payment in a 23 cm x 30.5 cm (9″ x 12″) envelope.

● Send your completed application to ONE of the addresses shown below.

● Please write ”Start-up business visa” on the outside of the envelope.

Recipient (centre of the envelope)

Immigration, Refugees and Citizenship Canada

Centralized Intake Office – Start Up Business Class

P.O. BOX 8700

Sydney, NS B1P 0G2

Canada