Canada is the land of opportunities for everyone who has it all skills, talent and the ability to earn good. Skilled immigrants are major identifiers of the country which respects talent, knowledge and creativity. To create high paying good quality jobs, the country is inviting hard working talented entrepreneurs and innovators to join in. To further this agenda, IRCC has introduced an improvised start up visa program for those minds brimming with innovative ideas and the potential to apply their knowledge in productive businesses.
Essentially, Canada’s Startup Visa program targets immigrant entrepreneurs with skilled potential to build business in Canada which can compete on a global scale, create jobs for local Canadians and are innovative.
So what does one need other than an innovative business idea to get support from a designated organization and immigrate to Canada? Here is all you need to know-
The program has to be a new business qualifying all necessary criteria and
To fulfill the last criteria, a person must demonstrate sufficient settlement funds available or transferable without any debt obligations. The amount of the fund is assessed according to the applicant’s family size.
In a company, no more than 5 essential persons can apply per proposal
Now who is the essential person?
The foreign national who is essential to the business being established under this program by a designated entity
Please note, if for any reason the application for an essential person is refused, all other related to the commitment will be refused too.
Qualified Participants include applicants regarding the business, a designated business incubator, angel investor group/VC fund or foreign national who has been issued a Permanent Residence Permit under the Startup Visa Program.
Forms to be completed for the Application-
Along with the application forms, below mentioned documents also need to be filled by the applicant/s-
For the letter of commitment and letter of support the applicant needs to pitch their business ideas either in person or as a detailed business plan.
What makes this program a 100% secure for foreign nationals?
You do not have to be an investor to land a good business in a foreign location, a genuine productive business idea and the skill to execute your plans and sheer will can help you realize your business dreams and make it big in Canada, the land of opportunities.
CTrustGlobal is all set to help you make it big. Call our helpline or arrange an appointment, let’s take your idea to places and make it big!