The Business Start-Up Visa  Canada program is a new Canadian immigration pilot project and the first of its kind. The Business Start-up visa Canada connects successful applicants with organizations in Canada who are able to provide funding and guidance as well as their ability to start and run a business in Canada. Successful applicants under the new Canadian immigration program will be granted permanent residency in Canada.

Initially, candidates are entitled to get work permits from their Canadian based investor and simultaneously, they can qualify for PR.
There are three types of private sector investors to get the investment: 1.Angel investor. 2.Venture capital Fund. 3.Business incubator.

Earlier it was  a three-year pilot project; however  the program was finally launched permanently on March 31, 2018. For Assistance you can consult Best immigration consultants in Toronto.

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The basic requirements for eligibility for a Start-Up Visa are:

1. Certificate of Commitment and Letter of Support from a designated business. Applicants must have received a letter of support from a designated investment organization. To obtain a letter of support, the applicant must convince a designated venture capital fund or group of angel investors to invest in his or her proposed business. The Investors’ Association will also be required to issue a Certificate of Direct Commitment to Canadian Citizenship and Immigration, summarizing the details of the commitment made with the applicant.

2. The Need for Investment. Applicants must protect an investment of at least $ 200,000 CAD if the investment comes from a designated capital fund or a minimum of $ 75,000 CAD if the investment comes from a designated group of angel investors. Applicants are not at all required to invest  money in the Canadian immigration program.

3. Knowledge of English or French minimum of Canadian language standard. The applicant must be able to communicate and work in English. Applicants must submit the language test results to an accredited institution, and must meet the minimum CLB 5 standard in English.

4. The Need for Education. The applicant must have completed at least one year of study at a post-secondary institution. The applicant must also be able to provide proof of good standing for at least one year while studying at a tertiary institution. Applicants may provide documents, credentials, certificates, diplomas or degrees as a proof of this requirement.

5. Adequate Payment, receivables and transfers. The applicant must have enough living expenses to support himself and his family when they move to Canada. The amount required depends on the number of family members who will be accompanying the applicant.

6. Permits for Security and Medical As with all Canadian migration programs, the applicant and their accompanying family members must obtain safety clearance and medical examinations to determine if they have a security risk or have a health condition that could place a significant burden on the Canadian health care system.

What are the Visa Requirements for a Start-Up Visa Business ID?

To qualify for a permanent residence:

1. Targeted business must be integrated and should run in Canada.
2. The candidate must have at least 10% of the  voting rights in the company.
3. No one else may hold 50% or more of the voting rights in a company.

NOTE: Up to five people may receive their applications for permanent residence based on the same business investment. However, certain candidates can be important in business. If any important candidate withdraws his or her application, or is rejected, all other persons under the investment of the same business will see their applications terminated. In case of any doubts you can get a consultation from Best immigration consultants in Brampton.

What is needed to  Qualify for a Work Permit / Permanent Residence?

To qualify for a work permit: Applicants with a Certificate of Commitment from a designated company may apply for a temporary work permit to start business. The designated business must support the application. For assistance you can check Canada Immigration Experts. 

To qualify for permanent residence:

1. Candidates must actively participate in the  management of Business in Canada.
2. Business operations, or an important component, must take place in Canada.
3. The business must be based in Canada.

 How does an entrepreneur intending to move abroad get support from a designated business? An entrepreneur intending to move to Canada must have or must create an effective business project that will meet the diligence requirements of government-authorized designated organizations. Usually, Canadian business consultants start an ecosystem and experienced business representatives who will migrate will ensure that the initial business plans meet all the required terms and conditions of the industry.

How long does it take for an entrepreneur who intends to move abroad to make this plan? If the entrepreneur has a viable start-up project, it will take approximately 4-6 months to receive a commitment certificate / letter of support from the designated company. Once a letter of support has been received, an application for permanent residence can be submitted. It will take approximately 18 months to complete the whole visa application process.

How does ICC Immigration Canada help emerging entrepreneurs under Class Start Up (SUV)? With our Multi-location based facilities we are the Best Immigration Consultants Canada , our firm works closely with reputable companies in Canada’s first-class program. We provide business advisory resources to help budding emerging entrepreneurs to get their Business Start-up Visa Canada  and their first business idea to meet all the needs of the industry.