According to several media reports, Canada is one of the top-ranked business destinations. The current political and business environment of Canada attracts citizens from different countries from all over the world. The availability of both tangible and intangible assets and an ease of doing business has made Canada the most attractive start-up destination. The Citizenship and Immigration Canada (CIC) department has formulated start-up visa program to attract people who plan to start their businesses and help these businesses sustain in a conducive environment. The first step to start your business in Canada is to get a start-up visa. It is advisable to take the help of a lawyer who is aware of the various immigration solutions to help you get a visa without any hassles.
Qualifications for Start-up Visa
• Letter of support from venture capital fund, business incubator or angel investor group.
• Ownership requirements such as 10 percent of the business rights for the desired business.
• Score at least 5 in all the four categories for either French or English of Canadian Language Benchmark (CLB).
• Adequate capital to settle and manage the cost of living in Canada.
Documents of Support from Canadian Investors
• You need to get a letter of support from designated organization after you reach a business agreement.
• Attach a letter of support in your CIC application.
• The designated organization sends a Commitment Certificate (CC) to CIC.
• CIC will use the Letter of Support and organization’s Commitment Certificate to assess the application.
Requisite Minimum Investment
• A minimum investment of $200,000, if investment comes from designated Canadian venture capital fund.
• A minimum investment of $75,000 if investment comes from Canadian angel investor group.
• Getting an acceptance in the incubator program is essential.
• Canadian venture capital fund or angel investor group, named as a program participant need to provide the minimum investment.
If Startup Fails
• It shall not affect your permanent resident status.
• Private and public sector share the risk.
Conclusion
The Citizenship and Immigration Canada (CIC) has formulated start-up visa program to provide an ease of doing business to many immigrants who want to start their business venture in the land of opportunities. If you wish to shift Canada to start your business venture, and there is any legal hassle, do consult a reputed visa and immigrant law consulting firms for immigration solutions.
Qualifications for Start-up Visa
• Letter of support from venture capital fund, business incubator or angel investor group.
• Ownership requirements such as 10 percent of the business rights for the desired business.
• Score at least 5 in all the four categories for either French or English of Canadian Language Benchmark (CLB).
• Adequate capital to settle and manage the cost of living in Canada.
Documents of Support from Canadian Investors
• You need to get a letter of support from designated organization after you reach a business agreement.
• Attach a letter of support in your CIC application.
• The designated organization sends a Commitment Certificate (CC) to CIC.
• CIC will use the Letter of Support and organization’s Commitment Certificate to assess the application.
Requisite Minimum Investment
• A minimum investment of $200,000, if investment comes from designated Canadian venture capital fund.
• A minimum investment of $75,000 if investment comes from Canadian angel investor group.
• Getting an acceptance in the incubator program is essential.
• Canadian venture capital fund or angel investor group, named as a program participant need to provide the minimum investment.
If Startup Fails
• It shall not affect your permanent resident status.
• Private and public sector share the risk.
Conclusion
The Citizenship and Immigration Canada (CIC) has formulated start-up visa program to provide an ease of doing business to many immigrants who want to start their business venture in the land of opportunities. If you wish to shift Canada to start your business venture, and there is any legal hassle, do consult a reputed visa and immigrant law consulting firms for immigration solutions.
Some tips on how to complete a US visa application in Canada:
ReplyDeleteStep 1) Determine which visa applies to your situation
Step 2) Complete the applicable online form, including the DS-160 or DS-260 form
Step 3) Pay your visa fee
Step 4) Schedule an interview with the most convenient U.S. embassy or consulate
Step 5) Attend your visa interview
Step 6) Wait for your visa to be approved or denied (typically within 3-5 working days)
Source: https://visahelp.us.com/us-visa-application-in-canada/
Getting a Canadian Start-up Visa is really not that easily with all the process and money needed to get this visa you also need all the required documents to have success in getting one.
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