Having Trouble Understanding The Start-Up Visa? Just Think “Dragon’s Den”

When you consider that the new Start-Up visa in Canada works a lot like the popular Canadian television show “Dragon’s Den”, it makes a lot of sense. Canadian Dragon's Den Visa

Previous information released about the Start-Up visa says that immigrant entrepreneurs will have an opportunity to work with designated mentors and investors, but in actuality they have to pitch their idea to select Canadian investors.

Just like on the television show, the entrepreneurs will have to pitch their idea to a panel of investors and they will have to make a great case for themselves and their idea.

Start-Up visa leads to permanent residency in Canada

The investors in question must like the idea they’re hearing and see how it will work from a business and investment perspective. When they decide they like an idea, the entrepreneur will be able to obtain a permanent resident visa.

The entrepreneur must be able to obtain a certain amount of funding from the investors, after which they are able to obtain the visa subject to various permanent residency requirements. In addition, if the business were to fail the entrepreneur would still be able to retain their permanent resident status.

This Start-Up visa is very exciting and it will be interesting to see what kind of ideas these entrepreneurs will be able to come up with.

 

Michael Niren

About Michael Niren

Michael is a graduate of Osgoode Hall Law School in Toronto. He is a member of the Law Society of Upper Canada, the Canadian Bar Association’s Citizenship and Immigration Section and the Associate Member of the American Bar Association. Read more

  • mohamud Abdi farah

    iam somalian refugee in south africa

The content and comments of this blog are not legal advise and and may not be accurate or complete. If you require legal advice, contact a licensed legal practitioner directly. If you post on this blog, you assume full responsibility for disclosing your identity to the public and VisaPlace nor its affiliates are not responsible for protecting your privacy nor your identity concerning your participation in our blog and you assume any risks in participating.

Customer Reviews

Migrating is a hard task for anyone. Finding a job is even harder. Once I got a job offer, things started moving rapidly. So, I called used VisaPlace (Niren and associates) to assist with the process. Rania and Richard deserve the utmost respect in getting the job done. They have been patient with me and some set backs. Very professional.! Hands down, money was well spent. Thanks Rania and Richard, you make an awesome team. You'll definitely have a repeat customer with me !! I was very impressed at how well they were organized and had a positive experience. Very good and professional work led to a successful outcome. I highly recommend using VisaPlace.

RenaisTTa week ago

I'll like to say I had an awesome initial consultation with Rania Abboud. She was knowledgeable, made the initial process easy and understood my situation. I am excited and hopeful to continue consulting this company. You do a great job for immigrants. Also, Natalie Walcz was great, she handled my situation professionally. Great team. Definitely assets to your company.

Jeffery Yirenkyi2 weeks ago

Completely smooth process. Rania did a great job in my Canada work permit. The team is absolutely competent and knowledgeable. Alicea was so amazing and was able to answer any of my questions immediately. I had peace of mind throughout the application. I would recommend them to other friends looking for assistance with their applications.

Theressa Jaranillaa month ago

Associations