Experienced business professionals can immigrate to Canada with the aim of starting or managing a business in the country. For this, the start-up visa is the best option that provides the fast track option for Canada Immigration. Also, there are funding and guidance provisions are available for the applicant.
For a businessman who is planning to move to Canada, it is not a far-fetched idea anymore with the option of an entrepreneur visa. This page will update you with the adequate information and all that is there to know concerning the entrepreneur visa for Canada.
Canada is very good for entrepreneurs. Modern society, in every term there cannot be a better country for a business professional. It is safe and legally upright where the rights of minorities are as valuable as the rights of an elite. There are efficient operations stable government and well-educated people who support innovation and research. Thus there is a lot of support for entrepreneurs who are looking for Canada Immigration. Further, the tax benefits act as the cherry on the cake but let us look at the advantages of being an entrepreneur in Canada in detail to help you solidify your immigration decision –
The reasons why Canada is a lucrative option for entrepreneurs are as follows:
The candidate who have experience of business, and they plan to own or manage a Canadian business activity is the candidate for the entrepreneur category for Canada immigration. These candidates can establish a successful business in Canada and make a positive contribution to the economy of Canada and also help in creating employment. It is a start-up visa program where entrepreneurs who qualify will have fast track processing of their application. Here, the candidates can enter Canada within weeks.
There is a personal net worth requirement among others that need to fulfill for the Entrepreneur Visa program. For the business people, there are three prime categories of Immigration to Canada – Business visa, Entrepreneur visa, Investor visa. The entrepreneur visa is the most suited and easy one for most of the applicants. In this program, you need to remember that you will not be allowed to work in Canada, and you cannot seek employment as well. Instead, you should initiate a business activity and contribute to the business environment as an entrepreneur visa holder. Also, the candidates need to remember that the vis granted under this program is a conditional visa, and there are requirements that need to be fulfilled after landing. These requirements can span for a period of three years as well.
The Startup visa allows the applicant with the right to establish themselves in Canada. The program aims to encourage the applicants to grow business in Canada and make the private sector of Canada profitable. For this, they receive guidance and funding from the government as well.
However, it is mandatory that the eligibility requirements need to be met to get the start-up visa for Canada. The point of these requirements is to ensure that only eligible and capable candidates can relocate and help create new jobs in the country and further economic growth.
The eligibility requirements are –
Canada’s government wants capable people to start a business in Canada to drive economic growth. Thus, the Immigration Refugees and Citizenship Canada (IRCC) has designated a lot of Venture capital funds, Angel investor groups, and business incubators to help the people immigrate through the Start-Up Visa program.
The applicants are asked to procure a minimum investment amount for their Canada Start-up. For this, if they have taken the help of a designated venture capital fund, then the minimum requirement for the investment is $200,000. However, if the investment is from the angel investor group, then the amount changes to $75,000 minimum. For the Start-up visa program, the applicants need not invest their own money. The best aspect of the Start-up visa program for Canada is that the candidate who has acquired permanent residency through the Start-up visa program and his start-up was unsuccessful then also he will retain his PR status.
The fee for filing the application for the Start-up Visa Program is CAD $1050 for the primary candidate. For the secondary candidates, the fee of CAD $550 needs to be given along with CAD $150 per dependent child. Apart from this, there is also a CAD $490 right of permanent residence fee to be given for each individual.
Ideally, if everything is good with the application, then the processing of the application should take 12 to 16 months. Rest a lot depends on the credentials of the applicants and also the nature of the start-up idea submitted for approval.
Abroad Pathway has experts who are knowledgeable and experienced with the commitment and dedication that they have shown we have been able to help thousands of applicants immigrate to Canada on a start-up visa without any trouble. There are also many other pathways for relocation, and Abroad Pathway will help you select the pathway as per your requirements. For details contact us at +91-9899146637
Immigrating to Canada is not as difficult as people think. With the right knowledge, research, preparation, and consultation, it is possible to make the transition to a new life in Canada. We have numerous clients who have successfully immigrated to Canada on PR Visa through the step-by-step guidance of our Expert Immigration Consultants. Don’t let the fear of the unknown hold you back - make the jump and start your new journey!
Yes, you can. There are many options that let you immigrate to Canada without a job offer such as express entry and provincial nominee program.
The major benefits you will receive after getting Permanent Resident (PR) status are as follows:
File representation done by the Registered IRCC Canada Immigration Lawyers to make your profile stronger.
Guidance with knowledge & experience is the best combination that always brings the best results.
Our experienced Canada immigration consultants will guide you the right way based on your profile requirements.