What is the Start-up Visa Program?
Canada's Start-up Visa Program is designed for immigrant entrepreneurs who have the skills and potential to build innovative businesses in Canada. These businesses should be able to create jobs for Canadians and compete on a global scale.
Eligibility
To qualify for the Start-up Visa Program, you must:
- Have a qualifying business:
- Each applicant must hold at least 10% of the voting rights in the business.
- Together with the designated organization, they must hold more than 50% of the voting rights.
- Obtain a letter of support from a designated organization:
- This includes venture capital funds, angel investor groups, or business incubators approved by the Canadian government.
- Meet language requirements:
- Achieve a minimum of Canadian Language Benchmark (CLB) level 5 in English or French in speaking, reading, listening, and writing.
- Have sufficient settlement funds:
- Demonstrate that you have enough money to support yourself and your dependents after you arrive in Canada.
Process and Documentation
To obtain a Canada Start-Up Business Class visa, you must complete the following steps:
- Pitch your business idea: Present your business concept to a designated organization and secure their support.
- Obtain a letter of support: If the organization decides to support your business, they will provide you with a letter of support.
- Apply for permanent residence: Submit your application online through the Permanent Residence (PR) Portal, categorized under the Start-Up Business Class.
- Optional work permit: While your permanent residence application is being processed, you may apply for an optional open work permit valid for up to 3 years, allowing you to work in Canada and develop your business.
- Medical and security checks: Undergo medical examinations and provide police certificates to ensure you meet health and security requirements.
Expenses
- Permanent residence application fee: CAD $2,140 (including the processing fee and right of permanent residence fee).
- Work permit fee: CAD $155.
- Settlement funds: The amount required depends on the size of your family. For example, a single applicant needs approximately CAD $29,380.
- Additional costs: These may include language testing, biometrics, medical exams, and translation of documents.
Why Choose Swainz?
- Expert Guidance: Our team specializes in business immigration, providing you with comprehensive support throughout the application process.
- Tailored Solutions: We understand that every business is unique and offer customized strategies to meet your specific needs.
- Strong Network: We have established relationships with designated organizations to help secure the necessary support for your business.
- End-to-End Support: From preparing your business plan to post-arrival services in Canada, we assist you at every step.
- High Success Rate: Our proven track record reflects our commitment to helping clients successfully establish their businesses in Canada.
