Start-up Visa Program
Start-up Visa Program
If you’re an ambitious entrepreneur looking for new opportunities, Canadian start up visa program might be a perfect fit! With its incredible diversity, fast pace of urban Toronto, mountains and soft climate of British Columbia, high quality of life, and universal healthcare – Canada can find its way to the heart of any newcomer.
The start-up visa program is an immigration pathway for innovative entrepreneurs, who are likely to create jobs for Canadians and be competitive on the global market. Forbes referred to it as simply the “Best for Many Immigrant Entrepreneurs”.
So, if you have an innovative business idea, you may consider applying to immigrate to Canada as an entrepreneur.
You will need to meet four eligibility requirements to apply:
- Your business needs to match the program requirements.
- You must have a letter of support from start up visa endorsing bodies, i.e. designated organization.
- You must meet language and financial requirements to settle in Canada before your business starts to generate profit.
- You cannot be inadmissible to Canada. You may be inadmissible if you have previous criminal convictions or serious health issues. You should consult with a lawyer or an immigration consultant specializing in inadmissibility if you suspect this might be an issue.
First, in order to evaluate if your start-up Visa program would achieve all of the objectives outlined by the start-up visa immigration pathway, you would need to gain support of one or more of the designated organization listed by Immigration, Refugee and Citizenship Canada (IRCC).
IRCC list the steps necessary to gain such support and what is required of the organization for the purpose of your application. If the organization is willing to support you, they will write a start-up visa program letter of support you can use for the application.
As for your start-up visa program language requirement, you only need to reach CLB level 5 in English or French, which is a lower level than some Express Entry streams. Find out which test you need to take and how to determine the CLB level of your results by checking the government website. Even if you’ve taken language tests before or feel confident about your English, we highly recommend that study or take a free practice test to get familiar with the test format and increase your chances of getting a higher score.
Next, your financial requirements must correspond to the minimum amount of money necessary to financially support yourself and your family members. The family member are your spouse or common law partner and your single children under 22, unless you have older children with a serious health condition that makes them financially dependent on you. You must include yourself when calculating family size for the minimum funds requirement even if you plan for your family to join you later once you’re established in Canada.
Once you’ve determined your eligibility you can get started on the application process. Use the start-up visa program application package to get the document checklist, information on fees, and detailed instructions on how to apply.
The costs of your application start from $2,075. You will likely incur additional costs if you have multiple family members, need translations, or need to travel to give your biometrics or medical exam. Although this may seem overwhelming, the guile and the checklist will let you know what steps you need to complete.
Finally, once your Canada start-up visa program application is submitted, the average 8. start up visa processing time is between 1-1.5 years. The good news is that you don’t have to wait to start building your business while your application is processing. Apply for a start up visa work permit while you wait so that you can get a head start. If you need a hand, our team or registered immigration consultants will be happy to support you to submit the start-up visa program application package without delays and keep an eye out for the deadlines.
Regards,
SmartImmigrant
