Immigrate to Canada through Canada Startup Visa
Immigrate to Canada through the Canada Startup Visa
Do you intend to immigrate to Canada through the start-up visa? Yes, this article is for you. Canadian Startup visa is one of the many business visas available in Canada today. This visa tends to be the easiest one to obtain.
It is mainly meant for entrepreneurs and business owners who are willing to contribute to the economic growth of the country. The visa allows applicants to establish a business in Canada and further become a permanent resident of the country.
About the Canada Start-Up Visa
Start-up Visa is designed to introduce innovative developments that can bring profit and create jobs in the country.
5 people can count on such a visa at once if each of them owns at least 10% of the company’s shares, which should be more than 50% in total.
Requirements for the Canada Start-Up Visa
To qualify for this visa, you have to consider some factors that would be discussed below;
- Own a Business
I don’t think it is normal for one to think about obtaining a business visa without owning a qualified business.
In this business, each applicants immigrating must own at least 10% of the business share. Although the applicant may be up to 5.
To immigrate to Canada with this visa, the said business must be situated in Canada.
- Secure Commitment from any Designated Organization in Canada
There are some organizations in Canada where this can be done easily. Among them are shown below;
- Angel Investor Group
- Venture Capital Funds
- Business Incubators
These are organisations that support businesses in Canada. So doing this is very necessary for your growth.
- Prove that you Can Speak English and French
You should have known by now that English and French are the official languages spoken in Canada.
Therefore, it is important to understand them for the sake of communication.
To prove your ability to speak these languages, you have to pass the language test using the Canadian Language Benchmark (CLB).
Your test result shouldn’t be less than two years old as at the time of applying for the Startup visa.
Some accepted English test result includes IELTS and CELPIP, while the accepted French result includes the TEC and TCF.
- Meet the Requirements for Proof of Funds by the IRCC
This proof of funds requirement is meant to ensure that the applicant has a lot of money to settle with their family in Canada.
Steps to Immigrate to Canada through the Canada Startup Visa
Having gone through the requirements for this visa, you should follow the steps highlighted below to get started with the application process.
- Fill and submit your application using the IMM 5759 form on the IRRCC official website.
- Submit some supporting documents which include: medical examination, police certificate and a clean criminal history.
- You should submit your biometrics if necessary. Also, translate your document if they are not in the English language.
- Pay the application fee for the Canada startup visa. You are expected to pay CAD 1,575 for the program, $500 for the right of permanent residence, $825 for your common-law partner, and $225 per child.
Duration for Canada Startup Visa
In most cases, the application is processed between 12 to 16 months. Meanwhile, you are allowed to get a temporary work visa pending the time that you get the startup visa approval.
Be assure that you and your family members are getting a permanent residence visa after your approval for the startup visa.
Conclusion
We have been able to talk about the most important things to know about immigrating to Canada through Canada start-up visa.
Ensure that you share the article with your close ones online because they might find it useful. Thanks.
FAQs
What is the Canada Startup Visa Program?
The Canada Startup Visa Program is an immigration pathway designed for entrepreneurs with innovative business ideas who can create jobs and compete globally. It allows qualified foreign entrepreneurs to obtain permanent residency in Canada by securing support from a designated Canadian venture capital fund, angel investor group, or business incubator.
Who is eligible to apply for the Canada Startup Visa?
To qualify for the Canada Startup Visa, applicants must have a qualifying business, a letter of support from a designated organization, meet the language proficiency requirement (CLB 5 in English or French), have sufficient settlement funds, and plan to settle outside Quebec.
How can I get a letter of support for the Canada Startup Visa?
You can obtain a letter of support by pitching your business idea to one or more designated organizations approved by Immigration, Refugees and Citizenship Canada (IRCC). If the organization is convinced that your idea is viable, it will issue a letter of support, which you must include in your visa application.
How long does it take to process a Canada Startup Visa application?
The processing time for the Canada Startup Visa typically ranges from 12 to 18 months. However, this can vary depending on factors such as application completeness, background checks, and processing capacity at IRCC offices.
