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The new Start-Up Visa is being touted as a way for immigrants with skills and ideas to immigrate to Canada, with Citizenship, Immigration and Multiculturalism Minister Jason Kenney recently visiting the United States to tell immigrant entrepreneurs that they should come to Canada instead.
The way that many entrepreneurs and people with special skills currently work in the United States is the H1B work visa, but applications for this visa are only accepted once per year and there is only a certain amount accepted at that time – and the quota fills up very fast. Canada, instead, offers the Start-Up Visa.
Canada recently introduced the Start-Up visa, which is for entrepreneurs who can present their ideas to investors. It’s sort of like the television show Dragon’s Den, where if the investors like the idea the applicant can become a permanent resident of Canada. Rewarding people for their skills and innovation with permanent residence is something that the United States doesn’t do as easily, and it can take longer.
Many technology companies are currently lobbying the United States government to make more H1B work visas available every year, and to make the process to permanent residency much easier, instead of having H1B visa holders and other visa holders constantly renewing their visas.
In fact, Citizenship and Immigration Canada put a billboard in the middle of Silicon Valley to advertise the new Start-Up visa and take a bit of a jab at the United States. It says, “H1-B problems? Pivot to Canada. New Start-Up Visa. Low Taxes”.
Do you want to immigrate to Canada under the Start-Up Visa and want to make sure it’s the right visa for you? Give our immigration law firm a call, we can help you!
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