Did you know that Canada has several different programs available for business immigration? This can include investors, self-employed persons, or even entrepreneurs. One example of how Canada is investing in innovation and the economy is the new Start-Up Visa, which allows entrepreneurs to immigrate to Canada as permanent residents if they have the right type of business idea and can secure funding.
About the Business Immigration Start-Up Visa
This Start-Up Visa was only introduced in April and is currently running like a pilot program. There are only about 2750 of these visas available every year for the entrepreneurs and their families, and this will continue for five years. At the end of five years, the government will determine if the program is popular enough to be made permanent.
Requirements for the Start-Up Visa Program
Similar to the television show Dragon’s Den, applicants for this visa must pitch their ideas to investors, and if the investors like their idea they can begin the permanent residency process. They must be able to secure an investment of at least $75,000 from an angel investor or $200,000 from an approved venture capital organization in order to qualify.
Other requirements that must be met include having intermediate knowledge of French or English, as well as completing one year of post-secondary education.
Are You Interested in the Business Immigration Start-Up Visa?
Do you think that this is an immigration opportunity for you? If you think that you have a great idea and can come up with a business plan that will be a hit with investors, you’re well on your way. Once you have secured funding, contact VisaPlace for assistance with your application. If you have immigration questions, we have the answers you seek. Book a consultation today and get started on the rest of your life.
President & CEO
Michael Niren
Mr. Niren is CEO of VisaPlace LLC and the President and Managing Partner of VisaPlace Legal Canada, an immigration law firm based in Toronto, and VisaPlace Legal US a law firm registered in The District of Columbia, USA. Mr. Niren is a graduate of Osgoode Hall Law School in Toronto, a member of the Law Society of Upper Canada, the Canadian Bar Association’s Citizenship and Immigration Section, American Lawyers Association, and an Associate Member of the American Bar Association.
