Start-Up Visa - Immigration Consultation
The Start-up Visa Program is an immigration program in Canada that allows eligible immigrant entrepreneurs to start a new business and become permanent residents. The program is designed to attract innovative and high-potential entrepreneurs who can create jobs and economic growth in Canada. To be eligible for the Start-up Visa Program, entrepreneurs must meet the following requirements: Have a qualifying business: The business must be innovative, have the potential to create jobs and growth in Canada, and be supported by a designated organization. Have a letter of support: The entrepreneur must have a letter of support from a designated organization, which can be a venture capital fund, angel investor group, or business incubator. Meet language and education requirements: The entrepreneur must meet minimum language requirements in English or French, and have completed at least one year of post-secondary education. Have sufficient settlement funds: The entrepreneur must have sufficient funds to settle in Canada, which vary depending on the size of the family. Once an entrepreneur has secured a letter of support from a designated organization, they can apply for a Start-up Visa through the IRCC. The application process includes an assessment of the entrepreneur's eligibility, a review of the business plan, and an interview with an IRCC officer. If approved, the entrepreneur will receive a work permit and be able to establish their business in Canada. Once the business is successfully established and the entrepreneur meets certain requirements, such as job creation and revenue generation, they can apply for permanent residency. It's important to note that the Start-up Visa Program is a competitive program, and not all applicants will be approved. It's important to carefully review the eligibility criteria and seek legal advice if needed before applying for the program.
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