Start-up Visa
A Start-up Visa is geared at attracting foreign entrepreneurs to bring their business ideas to Canada. This revolutionary new visa is the first of its kind and results in the applicant(s) obtaining permanent resident status in Canada. However, before you can apply, you will also need to find the right financial backing in Canada.
Eligibility
In order to be eligible
As the applicant, you must:
Before you apply for a start-up visa, you must convince a designated organization to support your business idea. If the designated organization supports your business idea, it will give you a Letter of Support.
You must include your Letter of Support with your application as proof that a designated organization supports your business idea.
If you do not have a Letter of Support from a designated organization or do not meet any of the eligibility requirements below, your application will be refused.
These Organizations select which business proposals to evaluate. If an organization decides to review your business proposal, it will assess your business’s growth potential and viability. Each organization has its own intake process and evaluation criteria.
They Can be either a:
Further, the Government of Canada does not provide financial support to new Start-up business visa immigrants.
You must show that you have enough money to support yourself and your dependents after you arrive in Canada. You cannot borrow this money from another person. You must be able to use this money to support the costs of living for your family.
You will need to provide proof of your funds when you submit your application for immigration.
The amount of money you need depends on the size of your family. These amounts are updated yearly.
| Number of Family Members | Funds Required (in Canadian dollars) |
|---|---|
| 1 | $11,115 |
| 2 | $13,837 |
| 3 | $17,011 |
| 4 | $20,654 |
| 5 | $23,425 |
| 6 | $26,419 |
| 7 or more | $29,414 |
We Can Help You!
We have dealt with hundreds of immigration cases. We have helped our clients in their difficult situations and have guided them to draft a more effective application. We can help you draft your application and arrange the required documents. A well-planned and complete application will increase your likelihood of acceptance and will save you from hassle.
If you are worried about the legal fees – Don’t be! Our goal is to help everyone that is interested in immigrating to Canada. Contact us, and we can provide numerous options for you. You can also purchase our very affordable Do it Yourself Immigration Kit, which details everything for you. If you are still not sure, feel free to get back to us. We will review your case before you submit it to give you the best possible outcome.
More Related Content
| Tags |
|---|
| Business Immigration, business immigration programs, Canadian Business Immigration, Canadian Immigration, Canadian Permanent Residence, Start-up Visa |
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Call us today
Write Us (Online Form)
Complete our form and one of our
Representatives will contact you.
Immigration inquiries
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