The Canadian start-up visa program is a visa available for business people and entrepreneurs who can create a business that can help better the country’s economy and help create more employment opportunities. They stand a chance to compete with other companies globally.
The Canadian government allows international entrepreneurs to invest their money into the country; it’s a way to help boost the economic level; since it’ll bring in more money into the economy and provide some other social amenities for the area, they will establish the business.
One can obtain a permanent resident permit through the start-up visa and permanently stay in the country when the established business liquidates.
Ways to apply for a Canadian start-up visa;
For one to apply for a Canadian start-up visa, when Creating a profile in the Canadian Entry System portal, you must ensure you indicate the following;
- That you have adequate capital to fund a business
- That you’ve met the ownership requirement for your business to qualify
- You have good language proficiency (English and French)
- Have a letter of support from a designated organization
When all these requirements have been met; then, your application will be accessed using the IRCC’s admissibility standard. They will also access the organizations backing up your business to ensure that standards are met, and every necessary thing is in place.
How to apply for a start-up visa
The best way to go into Canada as an entrepreneur is through the Immigration Entrepreneur Stream, a program created by the Canadian government; to allow immigrants who are innovative and want to come to the country to do business. They are permitted to establish their business in the country, considering the positive effect on the country’s economy. Any immigrant applying for a start-up visa must have a net worth of about CAD$600,000 to obtain this particular type of visa.