startup for canada
Start-ups abroad are innovative ventures established in foreign countries
CANADA
Canada’s Start-up Visa Program enables foreign entrepreneurs with innovative business ideas and potential for growth to immigrate. To qualify, they must secure funding from a designated Canadian investment organization and receive a letter of support. The program aims to attract diverse start-up talent and boost the country’s entrepreneurial ecosystem.
Canada does offer a start-up visa that lets you establish your business in the country. You should create jobs for Canadian and your business should be innovative and be able to compete on a global scale. This visa will also require a letter of support from a designated organisation and will allow you to become a Canadian resident subsequently.
Eligibility Criteria
- You must have a qualifying business
- A qualifying business means you created a business that meets the following conditions.
- At the time you get a commitment from a designated organization:
- Each applicant holds 10% or more of the voting rights attached to all shares of the corporation outstanding at that time (up to 5 people can apply as owners)
AND - Applicants and the designated organization jointly hold more than 50% of the total voting rights attached to all corporation shares outstanding at that time.
- Each applicant holds 10% or more of the voting rights attached to all shares of the corporation outstanding at that time (up to 5 people can apply as owners)
- At the time you receive your permanent residence:
- You provide active and ongoing management of this business from within Canada
- an essential part of the operations of the business happens in Canada
- This business is incorporated in Canada
- At the time you get a commitment from a designated organization:
- A qualifying business means you created a business that meets the following conditions.
- You must get a letter of support from a designated organization
- You must get a letter of support from a designated organization (a business group that has been approved to invest in or support possible start-ups).
- You’ll need to:
- contact the designated organization to find out how to get its support
- convince the organization that you have a business idea that is worth supporting
- get a letter of support from the designated organization
- You must meet the language requirements
- You must take a language test from an approved agency and include the results with your application, or we won’t process it.
- You must meet the minimum level of the Canadian Language Benchmark (CLB) 5 in either English or French in all of these four areas:
- Speaking
- Reading
- Listening
- Writing
- You must bring enough money to settle
- The Canadian government does not provide financial assistance to new immigrants on start-up visas.
- You must demonstrate in your application that you will be able to support yourself and any dependents after you arrive in Canada. This money cannot be borrowed from a third party.