Start a Business Visa – See Complete Guide

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Canada’s Start-up Visa Program: How to Immigrate by Starting a Business

The Start-up Visa Program in Canada offers a path for immigrant entrepreneurs to start a business, create jobs, and support innovation. Here’s how it works:

Eligibility to Apply

To qualify for the Start-up Visa Program, you must meet the following criteria:

  1. Have an Eligible Business: Your business must meet specific conditions, including:
    • Each applicant must hold 10% or more of the voting rights attached to all shares of the corporation.
    • Applicants and the designated organization must jointly hold over 50% of the total voting rights attached to all shares of the corporation.
    • You must provide active and ongoing management of the business from within Canada.
    • An essential part of the business operations must occur in Canada.
    • The business must be incorporated in Canada.
  2. Get a Letter of Support: You need to obtain a letter of support from a designated organization. These are business groups approved to invest in or support potential start-ups. To get the support, you must:
    • Contact the designated organization to learn how to secure their support.
    • Convince the organization that your business idea is worth supporting.
    • Once approved, the designated organization will provide you with a letter of support, which you need to include in your application.
  3. Meet the Language Requirements: To succeed in Canada, you must be able to communicate and work in English, French, or both. You must take a language test from an approved agency and achieve a minimum level of Canadian Language Benchmark (CLB) 5 in speaking, reading, listening, and writing.
  4. Bring Sufficient Settlement Funds: The Canadian government does not provide financial support to new start-up visa immigrants. You must show proof that you have enough funds to support yourself and your family upon arrival in Canada. The required amount varies based on the size of your family.

How to Apply

To apply for the Start-up Visa Program, follow these steps:

  1. Ensure your business meets the eligibility criteria.
  2. Secure a letter of support from a designated organization.
  3. Take a language test and meet the minimum CLB 5 requirements.
  4. Gather proof of funds to support yourself and your family.
  5. Complete the application forms and include all necessary documents.
  6. Pay the application fees.
  7. Submit your application package to the appropriate department or agency.

Please note that if you fail to include the required documents or meet any of the specified requirements, your application may be denied. It is recommended to thoroughly review the guidelines and consult with relevant authorities or professionals for assistance during the application process.

The Start-up Visa Program provides a unique opportunity for immigrant entrepreneurs to establish themselves in Canada, contribute to the economy, and create employment opportunities for Canadians.

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