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Canada Startup Visa Program Canada
Are you willing to start your business in Canada? Do you have a business idea that can help to create jobs in Canada? Can your business idea compete on a global scale? If yes then you can immigrate to Canada and make your business dream a reality! In this post, we are sharing important things about the Canada Start-Up Class or Canada Start-up Visa Program and how we can help you in this regard.
What is the Canada Start-up Visa Program?
Canada Start-up Visa Program or Canada Start-up Class allows qualified entrepreneurs to immigrate to Canada and achieve permanent resident status. With this visa, you can immigrate to anywhere in Canada except Quebec because Quebec has its own immigration rules for businesses and entrepreneurs.
Anyone can apply for the Start-up Visa Program given that they have an innovative business idea that can support one or more designated organizations provided by CIC (Citizenship and Immigration Canada).
The designated organizations include the following:
- Venture capital funds: You must be able to get an investment of a minimum of $200,000 from the organizations listed under this category.
- Angel investor groups: You must get one or more investors given in this category to invest at least $75,000 in your business idea.
- Business incubators: You must be accepted into one of the programs given under this category.
Eligibility Requirements for Start-up Visa Program for Canada PR
You need to fulfil the following conditions to be eligible for the Start-up Visa Program:
- You must have a qualifying business
- You need to get a letter of support from a designated organization
- You must meet the language requirements
- You need to bring enough money to settle in Canada
V2I Canada immigration experts can help you throughout the visa process. From document collection till your landing in Canada, you can seek guidance from our visa experts at any time. We can also help you prepare for your visa interview which could be a game-changer in your application.
How to apply for Start-up Visa Program for Canada PR
You can apply online by filling up the immigration forms provided by CIC. Here is a list of documents that you will require:
- Generic application forms
- Family information forms
- Travel documents (Passport)
- Proof of language proficiency
- Letter of support from the designated organization that is supporting your business
- Identity documents (Birth certificate, national Ids, marriage certificate etc)
- Police Clearance Certificate
- Proof of funds
The processing time for obtaining Canada PR in this visa category is 12 to 16 months. You can also apply for a temporary work permit to get to Canada and start building your business while your application for permanent residence is being processed. You must have a Commitment Certificate and Letter of Support issued by a designated entity to be eligible for a short-term work permit.
Cost of Canada Start-up Visa Program
The application fees include the processing fees for you and any of your family members accompanying you to Canada. You also need to pay RPRF (Right to Permanent Residence Fee). Other third-party costs involve fees for biometrics, medical exams, police certificates, and language testing.
Canada Start-Up Visa Application Fee |
|
Type of Applicant |
Cost (in Canadian dollars) |
Individual applicants |
$85 |
Families applying together |
Maximum total fee of $170 |
Groups of 3 or more performing artists and their staff |
Maximum total fee of $255 |
Canada Start-Up Visa Funds Requirements |
|
Number of family members |
Funds required (in Canadian dollars) |
1 |
$12,960 |
2 |
$16,135 |
3 |
$19,836 |
4 |
$24,083 |
5 |
$27,315 |
6 |
$30,806 |
7 |
$34,299 |
For each additional family member |
$3,492 |
Check your Eligibility for Canada Start-Up Visa Program and Become an Entrepreneur in Canada
V2I experts can assess your profile against the requirements of the Canada Entrepreneur visa. Our immigration experts are well-versed in the start-up visa process and technicalities. Consult us today to start your immigration journey and achieve PR status in Canada as soon as possible.