Canada Startup Visa for Entrepreneurs- Your Pathway to Canadian Permanent Residency

by By Rajneesh Kumar


Posted on April 8, 2022


Canada Startup Visa for Entrepreneurs- Your Pathway to Canadian Permanent Residency

Commonly known as SUV, Canada’s Start Up Visa Program offers a permanent pathway to qualified entrepreneurs. If you have an innovative business idea backed by years of experience in entrepreneurship, the Canada startup visa program will make an ideal option for you. The Canadian government is always on a hunt for experienced entrepreneurs who wish to start their businesses in Canada and create more job opportunities for Canadians.

What are the benefits of startup visa Canada?

Canada startup visa program comes with plenty of benefits to offer, like:

  • You can immigrate to Canada permanently with your family.
  • You get a right to live and set up your business anywhere in Canada.
  • You need just a unique, innovative business idea to get started.
  • You don’t need any minimum education qualification to qualify.
  • You don’t need to invest your funds.
  • You don’t need to meet any minimum net worth threshold.
  • You’ll get a work permit (temporary) in Canada to build your business while your startup visa application is under processing.

How to qualify for the Canada start-up visa program?

To qualify for the Start-up Visa, you must meet all four eligibility criteria along with Canada’s admissibility requirements.

To be eligible, you must:

Have a qualifying business, which means the company you have created must meet the following criteria:

  • At the time you get a commitment from a designated organization:
    • each candidate holds 10% or higher voting rights attached to all shares of the corporation outstanding during that time (maximum 5 persons can apply as owners)

and

    • candidates and the designated organization hold more than 50% of the total voting rights jointly attached to all shares of the corporation outstanding during that time
  • At the time of receiving permanent residence:
    • candidates must provide active and ongoing business management from within Canada
    • an essential part of the business operations happens in Canada
    • the business is solely incorporated in Canada

Get a support letter from a designated organization, i.e., a business group approved to support and invest in possible start-ups. It’s proof that the angel investor group, venture capital fund, or business incubator is ready to help the business idea.

To get a support letter, the candidate must:

    • Contact the organization to convince them to have an innovative business idea worth supporting. The pitching process is different for a different organization. For instance, you may have to submit a business concept personally or submit a detailed business plan.
    • Once candidates reach an agreement with the organization, they get a support letter.
    •  The organization will also issue a commitment certificate directly to the IRCC for assessing the application.

Meet the language requirements to prove the ability to communicate one of the official languages of Canada, i.e., English or French.

Candidate must take an approved language test and score at least Canadian Language Benchmark (CLB) 5 in English or French in all four language abilities:

  • speaking
  • reading
  • listening
  • writing

Bring sufficient settlement funds as the Canadian government doesn’t provide any financial support to immigrants under the startup visa program.

While applying, candidates must submit proof of having sufficient funds to support themselves and their dependents after they arrival in Canada.

The amount varies based on family size.

 

Number of family members Fund requirement (CAD)
1 $13,213
2 $16,449
3 $20,222
4 $24,553
5 $27,847
6 $31,407
7 $34,967
For each additional family member $3,560

Visas Avenue can guide you throughout the Canada startup visa program if you are interested in applying for Canada PR as an entrepreneur.

To begin with, you may fill out our free assessment form for Canadian business immigration in 2022, and one of our representatives will contact you soon.

Or, you may reach us for proper guidance on Toll-Free No. 78-18-000-777 or drop an email at info@visasavenue.com.


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How to Move to Canada as a Businessman?

by By Rajneesh Kumar


Posted on November 1, 2021


Move to Canada as a Businessman

Canada heartily welcomes investors and entrepreneurs who are looking for new horizons. However, the Canadian government need them to support its economy further, create better job opportunities and help the country compete on a larger scale. Canada’s Business Immigration Program is an ideal option for such aspiring minds. Canada’s federal and provincial governments invite business migrants and offer them opportunities to Move to Canada and set up their business in Canada.

Move to Canada: Let’s have a look at the best options.

Provincial Pathways 

OINP (Ontario Immigrant Nominee Program) OINP’s Entrepreneur PNP stream is ideal for foreign nationals who want to establish a new business or buy an existing one in Ontario.

AINP (Alberta Immigrant Nominee Program)- AINP has two popular streams for investors and entrepreneurs, including:

  • International Graduate Entrepreneur Immigration Stream
  • Foreign Graduate Start-Up Visa Stream

NSNP (Nova Scotia Nominee Program) NSNP’s popular streams for entrepreneurs include:

  • Entrepreneur Stream
  • International Graduate Entrepreneur Stream

SINP (Saskatchewan Immigrant Nominee Program) You can apply as an entrepreneur or farm owner and migrate to Saskatchewan via the following categories:

  • Entrepreneur Category
  • International Graduate Entrepreneur Category
  • Farm Owner and Operator Category

BCPNP (BC Provincial Nominee Program) BC PNP has the following pathways for an entrepreneur:

  • Entrepreneur Immigration – Regional Pilot
  • Entrepreneur Immigration – Base Category

MPNP (Manitoba Provincial Nominee Program) You can migrate to Manitoba as an investor or entrepreneur via Business Investor Stream, which is divided into the following sub-categories:

  • Entrepreneur Pathway
  • Farm Investor Pathway

Also Read: Which Country is best for Immigration from India? 

Eligibility Criteria- For business immigration to Canada through PNP

Each PNP stream has its eligibility requirements, but there are a few essential requirements that you must meet to apply under an investor or entrepreneur stream, including:

  • Minimum required qualification proof
  • Relevant business experience proof
  • Meeting admissibility criteria (Medical examination and Police Clearance Certificate)
  • Personal Net Worth or Settlement Funds Proof
  • And other (as and when asked)

If you plan to migrate to Canada and set up your business or handle an existing one, you may connect with Visas Avenue for proper guidance. We assist aspiring individuals and families in achieving their immigration goals. We offer them the right advice and assistance through the Canadian immigration process.

If interested, contact us on Toll-Free No. 78-18-000-777 or drop us an email at info@visasavenue.com.


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A Few Key Things You Must Consider Before Beginning Your Business in Canada

by By Rajneesh Kumar


Posted on January 16, 2016


Business in canada

Canada is a hotspot destination for the individuals interested in employment or business in Canada. If you are starting a business in Canada, you must consider a few key things to ensure the success of your business, i.e. go for individual start or partnership venture, developing an idea, planning, research, entrepreneurship, etc. A complete home work will eliminate the chances of failure to a great extent. Let’s explore a few of the key points you must consider before starting a business in Canada.

  • Entrepreneurship Demands

Whenever you start a business, you always calculate or think about the key entrepreneurship requirements or demands, which an individual must meet, i.e. spirit and mental strength, benefits and challenges of being your own boss, success mantras being an entrepreneur, and other associated qualities needed to become an Entrepreneur.

  • Developing your ideas

Develop your ideas, thoughts, and views into a beneficial or a commercial business venture or enterprise. When you decide to start a business, you will have to take ample time for development of your ideas. The best thing about being an entrepreneur is that you can work and make profit out something you always like to do, i.e. a thing of your own interest.

  • Thorough Market Research & Analysis

Do a thorough research on the market of your product and services, competition, and interest and requirements of the end customers and other associated research aspects with regard to your new business.

  • Business Strategy

A business strategy is a key instrument of every small or big or medium business entity. Make a foolproof business plan and include all the key elements essential for the success, growth, and development of your business.

  • Start a new business, or buy an existing

Do a proper research on the advantages and the drawbacks of buying an existing business or starting a completely new business.

  • Corporation, partnership, or sole proprietorship?

Decide to adopt a business model, i.e. partnership, a sole proprietorship, incorporation or co-operative, etc. based on your budget, advantages and concerns regarding the same.

It is advisable to get a crucial support and assistance from a trusted Immigration Consultancy to apply for a Startup Visa

There are various aspects and internal things, which needs clear understanding before you actually submit Expression of Interest (EOI) in any of the immigration programs or apply for the Canadian Visa under a particular category on receipt of the invitation. In such a scenario, help and assistance from a reliable Visa Consultancy Services can prove immensely vital in understanding the complex immigration procedure and also to know about the post landing services, i.e. Federal benefits & Services, Business & Investment Prospects, housing and accommodation, jobs, community services, etc.

Visas Avenue is one of the leading Immigration Consultancy Services that has been guiding and assisting thousands of Immigration Applicants regarding immigration to hotspot immigration countries, i.e. Canada, Australia, USA, UK, New Zealand, South Africa, Germany, Hong Kong, etc. for the last few years.

You may contact the Immigration Expert at Visas Avenue or can fill the free assessment form available on its website to get the vital help and assistance regarding filing a visa application under.

Disclaimer: Visas Avenue does not deal in any type of job or job assistance services. Visas Avenue is not a job recruitment agent or job service provider. Visas Avenue does not offer consultancy on / overseas jobs/work permits/international or domestic placements.


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