Startup Visa Program
With rapid growth as vision, Canada has always been a country of opportunities for foreign entrepreneurs and innovative business ideas.
The Canadian government promotes entrepreneurial minds with unique strategies and invite them through the Startup Visa program to encourage the economic development of the country and increase employment opportunities. The Startup Visa program grants permanent residence to immigrant entrepreneurs and encourages them to establish their business in Canada.
Successful applicants get associated with private sector organizations (angel investor groups, venture capital funds, or business incubators) in Canada, where they can receive funding, guidance, and expertise in opening and operating their enterprise in Canada.
Startup Visa Eligibility Requirements:
The purpose of this program is to recruit innovative foreign national entrepreneurs who will create new jobs and drive economic growth. In order to be eligible, applicants for a Start-Up Visa must meet the following requirements:
- Have a qualifying business which is supported through a designated organization
- Show your business meets ownership requirements
- Get a letter of support from a designated organization
- Meet minimum language requirements
- Have sufficient funds to settle in Canada
- Pass Canadian security and medical clearances
An entrepreneur must pitch the business idea to the designated organization (angel investor groups, venture capital funds, or business incubators) and convince it to support the start-up company in Canada. Once a designated organization finalizes to support the business, it gives a letter of support to the entrepreneur. The entrepreneur can make a work permit application with the letter of support for the approval and later can procure Confirmation of Permanent Residence (COPR)
Assistance by Global Sydney Group:
We with our visa experts, assist the entrepreneurs looking to expand their businesses into Canada. Entrepreneurs with innovative business ideas are facilitated in preparing the promising business plan to pitch to the designated organization (angel investor groups, venture capital funds, or business incubators).