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No, as far as we can tell, this is not an April Fools joke.
Citizenship and Immigration Canada has announced that it will be launching a new type of visa on April 1st, 2013 for immigrant entrepreneurs.
According to Citizenship, Immigration and Multiculturalism Minister Jason Kenney, “Our new Start-Up Visa will help make Canada the destination of choice for the world’s best and brightest to launch their companies. Recruiting dynamic entrepreneurs from around the world will help Canada remain competitive in the global economy.”
He continued, “Jobs, growth and long-term prosperity remain priorities for the Government of Canada, and this new Start-Up Visa program underscores our commitment to supporting innovation and entrepreneurship in the Canadian labour market.”
This particular visa program has the capability to pair immigrant entrepreneurs with groups that can help them succeed. As a requirement for the visa, an immigrant must get the support of a venture capital fund or a Canadian angel investor group.
This is the first visa of its kind and will reward immigrant entrepreneurs with permanent residency in Canada and the business partners they need to get their start-up off the ground.
Are you someone who thinks that they would qualify for the Start-Up Visa? We can help you. Please contact our immigration law firm for assistance with obtaining a Start-Up Visa for immigrant entrepreneurs in Canada or any other visa.
It should be interesting how this new Start Up Visa will play out. The Entrepreneur Business immigration category has been cancelled for some time and took many years to process so lets hope this new visa does the trick at attracting business investment to Canada.
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