Start-up visa

What is Start-up visa?
Canada's Start-up Visa Program assists immigrant entrepreneurs in establishing enterprises in Canada by granting permanent residence status to international business founders and their families. While they await permanent residency, international entrepreneurs who have applied to the Start-up Visa Program are eligible for a temporary work visa that allows them to travel to Canada and begin their firm.

There are three types of private-sector investor:
1. Angel investor.
2. Venture capital fund.
3. Business incubator.


CANADA START-UP VISA BENEFITS
• Successful candidates will be granted permanent residency.
• Dual nationality is permissible.

Dependents include the following:
• Domestic partner or common-law partner
• Children under the age of 22 who are not married or have a common law partner
• No necessity for a source of funds or a path to cash
• There is no upper age limit.
• Rapid processing
• Upon approval, the ability to live, work, and study is granted.
• After acceptance, access to subsidised education of superior quality is granted.
• Appropriate access to modern health and welfare systems
• Possibility of sponsoring family members to immigrate to Canada
• Possibility of applying for citizenship in Canada after three years of permanent residency


What Are the Eligibility Requirements for Candidates•

• The Start-Up Visa's essential eligibility conditions are as follows:
• A business that qualifies.
• Certificate of Commitment and Letter of Support from an authorised entity.
• Sufficient finances for settlement that are unencumbered, accessible, and transferrable.
• English or French proficiency at the Canadian Language Benchmark level 5 is required.


Process-

• Appointment of a representative authorised to submit the application
• Provide documents demonstrating your language competence and any personal information.
• Acquire a letter of commitment from an angel investor group, venture capital fund, or business incubator.
• Submission of the application form, all required papers, and payment of the application fee.
• Typical processing times range from 12 and 16 months.
• Successful candidates will be granted permanent residency in Canada immediately.


Why CCN •

CCN Immigration will conduct peer review to determine the extent to which due diligence was conducted to-

• ensures that the business has been incorporated in Canada or will be incorporated in Canada;
• verifies that business ownership has been verified and complies with programme requirements;
• verifies that the designated organisation has considered the viability of the proposed business model, evaluated the management team of the business venture, and verified intellectual property ownership;
• ensures that the business is focused on a high-growth potential product or service; and
• validate for a fee, the business's focus on a high-growth potential product or service.

 
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