It is widely believed that Canada is one of the top 10 easiest countries to start a business in. This is due to the country being extremely rich in natural resources, having an immensely skilled labour force, and a stable government. If you would like to invest in your future and immigrate to Canada with your business venture, you have several Entrepreneur and Investor Visa options available to you, including the general Start-up Visa Program and the provincial-specific Nominee Program. If you are successful with your business immigration application, you and your family can move to Canada together.
Canada is on the lookout for newcomers who have the entrepreneurial experience, the talent, and the innovation to start, manage, or buy a business in the country. With new foreign investments, Canada can ensure the continued success of its economy through diversification and development. Let’s take a close look at the several Entrepreneur and Investor Visa options available for those who want to immigrate to Canada.
The Start-up Visa Program is a general Business Immigration or “Investor” Visa option that allows you to immigrate to Canada by starting a business anywhere in the country. You and your business will have to meet a set of requirements in order to be successful with your application. In general, your business must be innovative, create jobs for Canadians, and be able to compete internationally. While you wait for your application’s approval, you can also apply for a temporary work permit to keep you busy in Canada.
|Start-up Visa Program Requirements|
Once a designated organization commits to your business:
Once you receive permanent residence, you must make sure that:
|Letter of support||
You must get a letter of support from a designated organization that proves they are willing to invest in and support your start-up. These organizations include:
|Language requirements||You must score a minimum of Canadian Language Benchmark level 5 in speaking, reading, listening, and writing in either English or French.|
|Settlement money||Because the Canadian government doesn’t give financial support to this “investor” visa, you will have to be able to prove that you have enough money to settle you and your family in Canada.|