The Canadian Start-up Visa Program offers a chance for people who want to start a business in Canada and obtain permanent residency in the country. Entrepreneurs from other countries must show they can compete globally, have innovative business idea, and create new jobs for Canadians. Foreign entrepreneurs who have applied for the Canadian Start-up Visa Program are qualified for a Temporary Work Permit that enables them to go to Canada to begin their business while they wait for their permanent residence.
Do you have a unique business concept and want to apply Canadian Visa for Business Start-up? You might be able to immigrate to Canada if one of the recognized groups agrees to support your idea. The following business plan for Canadian start-up visa enables you to start a business in Canada, except Quebec.
Table of Contents
Canadian Start-Up Visa Program
Aspiring Entrepreneurs have the possibility of moving to Canada under the Start-up Visa Program in order to start a new business.
What is the eligibility to apply for Canadian Start-Up Visa Program?
Interested applicants must fulfill a number of important criteria before they can apply for a Canadian Visa under Business Start-up application.
Must have enough money
You must demonstrate in your application that you have excellent business plan for Canadian Start-up Visa Program and you will be able to support yourself and any dependents after you arrive in Canada. This money cannot be borrowed from a third party. The amount of money that you need depends upon size of your family. The amount of money you need to bring with you to Canada has been indicated by the IRCC.
| Family members |
Funds required |
| 1 |
$13,310 |
| 2 |
$16,570 |
| 3 |
$20,371 |
| 4 |
$24,733 |
| 5 |
$28,052 |
| 6 |
$31,638 |
| 7 |
$35,224 |
| If more then 7, for each individual |
$3,586 |
Language requirements
Language is the most crucial factor for applicants interested in Canadian Start-up Visa Program. If applicants are capable of communicating in either English or French, only then can they run their business in Canada. For this, you need to take a language ability test like IELTS. In each of these four modules, you must be at least at the Canadian Language Benchmark (CLB) 5 level in either English or French.
A qualifying Business
You must have a qualifying business if you want to apply for Canadian Business Start-up Visa. Now, the question arises, what is a qualifying business? A business may be regarded as a qualified business if it meets the following criteria:
- After being granted permanent residency, you must ensure that your company is established in Canada, a significant portion of its operations take place here, and that it is actively and continuously managed from within Canada only.
- Make sure that at the time you receive a commitment from a designated organization, the organization and applicants collectively own more than 50% of the total voting rights connected to all outstanding shares of the corporation.
Must have a letter of support from a designated organization
A letter of support essentially serves as evidence that your business idea has the support of a venture capital fund, an angel investor organization, or a business incubator. A letter of support will be provided by the specified organization if you are successful in reaching an agreement with them. You must send this letter of support with your application for this program. Your application for Canadian Business Start-up Visa will be refused if you do not include letter of support, while submitting your application.
Steps to apply for Canadian Start-up Visa Program
You must have an excellent business plan for Canadian Start-up Visa. There are several steps that you need to follow while applying for your application.
Application form completion
- Complete the Canada General Application Form.
- To validate the form, click the “Validate” button and confirm that all of the fields are filled in.
- Print the application form that has been verified, being careful to include the barcode page.
- Date and sign your name on the form.
Document checklist completion
- All documents should be gathered in the order mentioned on the document checklist.
- Put all the required documents in a sealed envelope.
- To sign the document, print out the checklist.
- The document checklist must be the cover page of your application.
Make application fee payments
- You and anyone else listed on your application will be charged processing fees.
- You and anyone else listed on your application will be charged processing fees.
- Third-party charges, such as those for language tests, police records, medical exams, and biometrics charges.
Application submission
- Make sure your application is complete before submitting it.
- Ensure that you have signed all documents.
- Pay your processing fees and submit your application with receipts.
- Include all supporting documentation.
How IRCC evaluates your application for a Canadian Start-up visa Program?
Once you’ve applied, it must confirm that you have:
- Filled out and signed your application forms for Canadian business start-up visa
- Paid your processing costs and submitted all necessary paperwork.
- Your application won’t be processed if you miss something, and it will be returned to you.
How to purchase a Business and move to Canada under different provinces?
Do you have desire to live in Quebec?
The Quebec Entrepreneur Program is designed for immigrant business owners who want to start a business in Quebec or buy an existing company and run it there. Then, you can apply under:
Quebec Entrepreneur Program
Conclusion
The Canadian Start-up Visa Program offers a chance for people who want to start a business in Canada and obtain permanent residency in the country. The program is designed to attract innovative entrepreneurs who want to establish a business in Canada.
Many people are interested in starting a business in Canada, but are unsure of how to go about it. The Canadian Start-up Visa Program can be perfect for entrepreneurs who want to start a business in Canada and obtain permanent residency in the country.
