Canada has a number of different opportunities for entrepreneurs, business people, investors and self-employed persons who wish to immigrate to Canada as permanent residents. One of these opportunities was just introduced for entrepreneurs, and is called the Start-Up visa.
Unlike other visas that require special skills to immigrate (such as the H1B work visa for the United States), the Start Up visa is a permanent residency visa which will make it highly popular. At the moment, there are only 2750 Start Up visas available every year for the next five years, at which point the government will decide whether to make it a permanent visa offering in Canada. To apply for one of these visas, you need to ensure that you meet the requirements first.
If you wish to obtain a Start Up visa, you need to ensure that you can secure funding for your idea. In order to do so, you will need a comprehensive business plan and you will need to obtain either $75,000 from an approved angel investor or you will need to obtain $200,000 from an approved venture capital organization.
Once you have secured funding, you need to prove that you have finished at least one year of post-secondary education, and that you can speak English or French at an intermediate level.
This visa is a great way for Canada to bring in immigrants who can provide the country with innovation and economic benefit, in exchange offering permanent residency. If you would like to apply for a Start Up visa, please contact our immigration law firm. We can help you apply!
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