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Business Start-Up Visa

Business Start-Up Visa

The Business Start up visa or entrepreneur visa has become a growing pathway for people of high net worth and who wants to start a business in Canada, Australia, U.K. and New Zealand. On this page, we will elaborate on Canada Business Start-up Programs; however, you can reach out to us to know more about Entrepreneur and Start-Up programs of Australia, U.K. and New Zealand.

What is the Canada Business Start-up Visa all about?

Canada’s Start-Up Visa Program offers Canadian permanent residence to qualified entrepreneurs who not only have sufficient funds to start a business but the business idea should also be innovative enough.   It is officially known as the Canada Start Up Class.  But it is largely referred to as the Start-Up Visa program (SUV).

The program targets innovative entrepreneurs and links them with incubators and private sector investors in Canada who will help them to establish their start-up business.

Candidates can initially come to Canada on a work permit supported by their designated Canada-based incubator or investor, before qualifying for permanent residence once their business is up and running.

There are three types of private-sector investors:

  • Angel investor.
  • Venture capital fund.
  • Business incubator.

What are the Candidate Eligibility Requirements?

The basic eligibility requirements for a candidate for the Start-Up Visa are:

  • Qualifying business.
  • Commitment certificate and letter of support from a designated entity.
  • Sufficient unencumbered, available and transferable funds to sustain the business and settle.
  • Proficiency in English or French at minimum Canadian language benchmark level 5.

What is the Designated Entity for a Start-Up Visa Program?

Organizations choose which business proposals to review. Each organization has its own intake process for proposals and criteria used to assess them. For example, you may be asked to present your business concept in person or submit a detailed business plan. If an organization decides to review your business idea, it’ll assess the potential of your proposal and whether or not it’ll succeed. If an organization chooses to support your business idea, it’ll give you a letter of support. A designated entity is a Canadian private sector angel investor, venture capital fund or business incubator. The required commitment must meet the following criteria:
To know more about the list of investors click the link below

Preferred provinces for startup class visa

Most people who prefer to move to Canada and set up their businesses are interested to do business with ease and require a certain market to go ahead with the investment plans. Canada, due to its vibrant and diversified background makes business investments quite simple. While every province provides this benefit; let us look at how each province issues start-up guidelines

  • Ontario – The Ontario Immigrant Nominee Program (OINP) Entrepreneur Stream is designed to attract individuals who are looking to implement a new business initiative or buy an existing business in Ontario. To know more click on this link to visit the website of Govt. Of Ontario Click here
  • Alberta – The province operates the Alberta Advantage Immigration Program (AAIP), formerly the Alberta Immigrant Nominee Program. Through this program, prospective immigrants with the right mix of skills and work experience needed by the province may receive an Alberta Provincial Nomination Certificate. If you wish to immigrate to Alberta, you currently have eight options to choose from of which also has a path way for people looking to invest or start a business. To know more click on this link to visit the website of Govt. of Alberta Click here
  • Nova Scotia – The Nova Scotia Nominee Program (NSNP) for Entrepreneur Stream is designed to attract individuals who wish to start or acquire a business and settle permanently in Nova Scotia. This stream is for experienced business owners and senior business managers intending to live in Nova Scotia and participate in the day-to-day management of the business. The NSNP Entrepreneur Stream is a temporary to permanent residence program whereby approved applicants are required to operate a business in the province of Nova Scotia on a valid work permit for a minimum of one continuous year prior to being nominated for permanent residence in Canada. It functions on an Expression of Interest (EOI) system. To know more on this, visit the Govt. of Nova Scotia website by following the link Click here
  • British Columbia– If you want to immigrate to British Columbia as an entrepreneur, you have three options to choose from:

To know more on this, click the link to visit the website of Govt of British Columbia Click here

How Can we help intending immigrant entrepreneurs under the Start Up (SUV) Class?

We work extensively with industry acclaimed designated entities in the Canadian start-up ecosystem.  We provide a range of hands-on business advisory services to help intending entrepreneur immigrants and their start-up business concept to meet all industry requirements. Reach out to us if you wish to become a Canadian entrepreneur.