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A Guide to Immigrating to Canada with Start Up Visa
Introduction on the Start Up Visa
Canada is actively seeking talented entrepreneurs eager to contribute to its economy by creating businesses and employment opportunities. The Start-Up Visa Program is designed to attract innovative minds from around the world. In this comprehensive guide, we explore the key aspects of Canada’s Start-Up Visa Program, detailing eligibility requirements, application procedures, and the vital role Tima Eshghali Immigration can play in facilitating your immigration journey.
Understanding the Start-Up Visa Program:
Canada’s Start-Up Visa Program offers entrepreneurs a unique opportunity to immigrate to the country and establish innovative businesses that contribute to economic growth. Successful applicants must demonstrate the originality of their business, its potential to generate employment for Canadians, and its ability to compete globally.
Eligibility Requirements:
To qualify for Canada’s Start-Up Visa, entrepreneurs must meet four key requirements:
- Qualifying Business Ownership:
- Hold at least 10% of the voting rights attached to all shares of the company.
- Together with a designated organization, hold at least 50% of the voting rights attached to all shares of the company.
- Letter of Support from a Designated Organization:
- Tima Eshghali Immigration assists in demonstrating support from a designated organization, such as a venture capital fund, angel investor group, or business incubator.
- Entrepreneurs must pitch their business idea, showcasing its value and persuading the organization to provide a letter of support.
- Meeting Language Requirements:
- Take a language test from an approved agency, demonstrating proficiency at the Canadian Language Benchmark (CLB) 5 level in either English or French (speaking, reading, listening, and writing).
- Proof of Funds:
- Tima Eshghali Immigration guides applicants in presenting proof of funds to support themselves and dependents upon arrival in Canada.
- The required amount varies based on family size.
Application Process:
Designated Organizations and Investment:
- Entrepreneurs need to secure support from designated organizations, which involves obtaining a Commitment Certificate and a Letter of Support.
- No personal investment is required. Instead, a minimum of $75,000 from a Canadian angel investor or $200,000 from a recognized Canadian venture capital fund is necessary. Business incubator acceptance waives the investment requirement.
- Fill out the Application Form:
- Complete the Generic Application Form for Canada, ensuring all required fields are filled.
- Validate the form, print it with the barcode page, and sign and date it.
- Complete the Document Checklist:
- Gather all necessary documents in the specified order and include a signed document checklist as the cover page.
- Pay Application Fees:
- Pay processing fees, right of permanent residence fee, and third-party fees, including biometrics fees.
- Submit Your Application:
- Ensure completeness, sign all forms, and include all supporting documents.
- Mail the application in a sealed envelope labeled ‘start-up visa’ to the appropriate address.
Embarking on the Start-Up Visa Program journey requires meticulous planning and adherence to guidelines. Tima Eshghali Immigration stands ready to assist entrepreneurs in navigating the complex process, ensuring a smooth path toward establishing a business and contributing to Canada’s vibrant entrepreneurial landscape.