Canada Start-Up Visa Program

Start-Up Visa Program Canada

The Canada Start-Up Visa Program is a beautiful platform for individuals who need to build up a new business in Canada. Designed for artists from all over the Earth this program allows start-up founders to start a business in Canada and get a residency at the same time. It is the opportunity for career growth coupled with a large and satisfying life within one of the richest and most secure economies of the world.

What is the Canada Start-Up Visa Program?

The Canada Start-Up Visa Program is a migration category for foreigners who seek to start a business in the country rather than wait and go through a normal immigration process. Created in 2013, the primary goal of this program is derived from the belief that Canadians may suffer economic losses due to incapable international talent causing job loss or stifling growth rather than creating it.

Those who make the cut are offered permanent residency; businesses are afforded direct links to Canada’s superior resources, base and markets.

Benefits of the Start-Up Visa Program

The Canada Start-Up Visa Program offers significant advantages for entrepreneurs:

• Permanent Residency: All the applicants and their families, who receive approval for participation, are provided Canadian residency.
• Access to Canadian Markets: This nation is ranked among the richest in terms of arable land they possess today; perhaps the time is now for particularly entrepreneurs to grab this opportunity to the fullest.
• Global Expansion Opportunities: The current international trade policies present Canada and its businesses with an opportunity to access international markets.
• High-Quality Lifestyle: It comprises great usage of its health care system and education that transforms a high standard of living in Canada.
• Support for Entrepreneurs: The program is to match up entrepreneurship with business incubators for mentorship or with Angels or venture capitalists for funding respectively.

Eligibility Requirements

To qualify for the Canada Start-Up Visa Program, applicants must meet the following criteria:

1. Innovative Business Idea

The business has to be unique and sustainable to compete in the international market.

2. Letter of Support

Applicants must secure a letter of support from a designated organization in Canada. These organizations include:

• Business Incubators
• Angel Investor Groups
• Venture Capital Firms

3. Language Proficiency

Applicants have to be proficient either in English or French and have to be able to demonstrate education in ESL (English Secondary Level) / FSL (French Secondary Level) at a minimum CLB level of 5 in speaking, listening, reading and writing.

4. Sufficient Funds

The migrants must have sufficient funds to support themselves and their families on arrival in Canada.

5. Business Ownership

At least 10% of the voting rights in the business must be held by the applicant, and designated organizations must collectively hold at least 50%.

Four Requirements to be eligible for a Canadian start-up visa:

1. Have a Qualifying Business in Canada (ILCB will help):

• You must hold at least 10% of the voting rights attached to all shares of the company.
• Jointly with the designated organization, all owners must collectively hold at least 50% of the voting rights associated with all shares of the corporation. 
• At the time you receive your permanent residence:
• You actively and continuously manage this business from within Canada.
• An essential part of the business operations takes place in Canada.
• This business is legally incorporated in Canada.

2. Have a letter of support from a designated organization:

•  You need to show that you have the support of a venture capital fund, angel investor group, or business incubator
•  In order to do this, you must pitch your business idea and convince the organization that it is worth supporting
•  If your pitch is successful, you will receive a letter of support from the organization which must be included in your start-up visa application

3. IELTS (General Trainers): Canadian Language Benchmark (CLB) of 05 in English.

4. Proof of funds/ Settlement funds:

•  You need to show that you have enough money to support yourself and any dependents once you arrive in Canada. The amount you need depends on the size of your family (Minimum $25,000 for a family of 04)

Advantage of Start-up Visa Program

  - No minimum Net Worth requirement;

  - Scope of application for Temporary Work Permit (includes spouse and children) while already applied for Permanent Residence;

  - No investment;

  - No age limit.

  -CLB 05 in English

Letter of Support from Designated Organizations for start-up visa

As part of the eligibility requirements, you will need to provide proof (Commitment Certificate and Letter of Support) that your business is in fact supported by a designated organization (a business group that has been approved by the government to invest in or support possible start-ups). Unlike federal and provincial investor programs, where applicants must invest their own capital, no investment of their own funds will be required.

ILCB has developed relationship with number of Partners such as Investors, Business Incubators, and Professional Consultancy firms having the necessary expertise to assist the clients with their SUV applications.

Application Process

The Canada Start-Up Visa Program has several steps, and legal persons need to consider all of them to pass all the requirements.

1. Develop a Business Idea

The first one is to generate a new and original business venture that will be in harmony with the economic plan of Canada.

2. Secure a Letter of Support

Applicants must pitch their business idea to a designated organization in Canada. If the organization is convinced of the idea’s potential, it will issue a letter of support.

3. Prepare Documentation

All documents must be compiled: a certificate of language proficiency, a document proving financial standing and a letter of support.

4. Submit the Application

By the time of making the application, you will be required to submit all the documents required for the application to IRCC. File all the required forms and documents and attach the required processing fee.

5. Work Permit (Optional)

For the period of expecting permission for permanent residency, you can obtain a temporary work visa to start constructing an enterprise in Canada.

6. Receive Permanent Residency

As a result, applicants who pass through the stage, and their families are granted permanent residency status, legal ground on which the applicants can live and work in Canada forever!

Why Choose the Start-Up Visa Program?

The Start-Up Visa Program is ideal for entrepreneurs for several reasons:

• Direct Path to Residency: Unlike other Immigration schemes, this one offers a permanent residence status right from the start.
• No Minimum Net Worth Requirement: The major difference between investor programs and Start-Up Visa is that the latter is based on the feasibility of your business plan without reference to your wealth.
• Supportive Ecosystem: This depends on the fact that the business environment in Canada supports most of the entrepreneurial ideas and because of the connection to international markets.
• Opportunities for Families: Your spouse and children also receive immigration benefits such as access to health care and education in Canada aka permanent residency.

How ILCB Can Help

Canada Start-Up Visa Program information and immigration consultancy service is ILCB which is a reputed immigration consultancy firm.

Our Services Include:

• Business Concept Development: We help you refine your business idea to meet Canadian immigration standards.
• Securing a Letter of Support: ILCB connects you with designated organizations in Canada and assists with your business pitch.
• Documentation Support: Our experts ensure your application is complete, accurate, and aligned with IRCC requirements.
• Language Preparation: We guide you in meeting the language proficiency requirements through training and resources.
• Post-Immigration Support: After approval, we assist with settling in Canada, including business setup and networking opportunities.

Why Choose ILCB?

Here’s why entrepreneurs trust us:

• Expertise in Business Immigration: We focus primarily on the Canada Start-Up Visa Program although we offer the entire range of business immigration services.
• Tailored Solutions: Our services are flexible and we acknowledge and understand your objectives’ specificity.
• Comprehensive Support: Right from the time you seek our help in immigration and visas and even after you immigrate to the country of your choice.
• Global Network: We have strong relationships with Canadian business organizations that arm you with the best support for your cause.

ILCB: Simplifying Your Canada’s Start-Up Visa

Canada Start-Up Visa Program is one of the most interesting and innovative that provides businessmen with a unique chance to start a business and get residency in Canada.

It is always difficult to relocate to another country as you can understand, thus at ILCB, we make things easier for us and for you.