Besides this, the applicant must have completed one year of post-secondary education and a medical and Health Examination clearance certificate. Call DM Residence by Investment consultant in UAE today to know more requirements.
Canada Start Up visa immigration program is the most straightforward way for skilled entrepreneurs and investors to live, work, and settle in Canada. This program is a perfect way to avail a Work Permit or Permanent Residency in Canada. It is an excellent way for business owners and entrepreneurs to take tax benefits while applying for a Start Up Visa for Canada. This innovative program can fasten your path into this country with a quick and cost-effective immigration process. The Canada Start Up visa provides some of the following benefits:
Canada is looking for potential entrepreneurs who want to start new business that will boost the Canadian economy while creating employment opportunities for its residents. The Start Up Visa program is designed for entrepreneurs who have the potential to start a successful business in Canada. All you need is Start Up funds and vision. The visa process begins with finding a designated entity supporting your venture. This program offers Canadian residence by investment visas to foreign entrepreneurs who intend to operate a business in Canada.
Canada welcomes foreign entrepreneurs by allowing them to establish their businesses in the country by offering all the resources, including funding. Under a Canada Start Up visa, applicants can join hands with private companies to assist their new business in terms of budget and guidance. Entrepreneurs wishing to start their businesses in Canada must develop a business plan that generates job opportunities for Canadian citizens and residents. To be eligible for a Canada Start Up visa, the applicant must have a letter of support of any below designated organization:
The minimum investment required for Canada start up visa is approx USD 300,000 for single and approx 120,000 to 150,000 USD per for a group application per founder. Applicants can land in Canada on a real work permit funded by a Canadian investor. Once the business is in the market, they can apply for a Canada permanent residence as well.
If you are an entrepreneur or a working professional with innovative business idea, you can become eligible for Canada immigration through the Start Up visa program, an applicant must be required to fulfill the eligibility as eblow:
Applicant must hold at least 10% of the voting rights attached to all company shares. With the designated organization, an applicant must have at least 50% of the voting rights attached to all company shares.
Applicant must need a Letter of support from designation organization to support his application and to file his/her WP/PR
The applicant must score Canadian Language Benchmark minimum level of 5 (IELTS) in English or French
The candidate must show sufficient monetary support to support himself and his dependents while arriving in Canada. The amount needed depends on the size of your family.
Besides this, the applicant must have completed one year of post-secondary education and a medical and Health Examination clearance certificate. Call DM Residence by Investment consultant in UAE today to know more requirements.
Sign up with DM
Finalizing of Business idea, company incorporation
Interaction with DO
Documents preparation and submission along with IELTS CLB 5 score
Receiving of Letter of Support from Designated organisation
WP/PR submission those who want WP otherwise PR is filed.
Receiving of Medical request/Approval
Permanent Residency Issued
You must secure a minimum investment of USD 300,000 to USD 400,000 for sole business. if its a group application then approx 130,000 USD to 150,000 USD per founder.
Usually, the processing time for the start up visa is between 24 to 36 months. You can expedite or reduce delays by applying up to the mark with all the required documentation.
The first step is to submit your business ideas to designated organizations. The main criteria are to be able to convince them that your idea and business are going to be successful. Some organizations may require you to submit a detailed business plan. They will send you a letter verifying their support if they agree to support you. This letter of support is essential when the authorities assess your application. Designated organizations can be venture capital funds, angel investor groups, or business incubators.
