Canadian startup visa

The first question we encounter after the title “immigrate to Canada through a startup visa” is “how to immigrate to Canada through a startup visa?”

First, we need to get acquainted with the startup visa:

Canada startup visa is a safe way to obtain permanent and guaranteed residence in Canada. Startup visa to talented and dynamic people who offer successful business ideas gives them the opportunity to immigrate to Canada in order to create a new business. Business owners must demonstrate that their business plan is successful and innovative, while creating new jobs for Canadians and still being competitive on a global scale.

Now we answer this question:

• How to immigrate to Canada through startup visa?

If you are employed or have a good industrial and academic background or have an innovative business idea, you may be eligible to immigrate to Canada through the Startup Visa program.

Canada is looking for talented people who are interested in starting businesses that will strengthen the Canadian economy while creating job opportunities for its residents. You can read everything you need about the Canadian startup visa program on this website. This program includes step-by-step guidance on the application process.

• What are the requirements for applicants to obtain a Canadian startup visa?

There are five conditions that make you eligible for a Canadian startup visa.

• Having a business considering two basic conditions
• You must have at least 10% of the voting rights of all the company’s shares.
• Apart from cooperation with the designated organization, you must own at least 50% of the voting rights of all the shares of the company.

• Have a letter of support from a designated organization in compliance with the following points:
• You must show that you have the support of a venture capital fund, angel investor group or business growth center.
• To do this, you need to present your business idea and convince the organization that it is worth supporting.

Note: The process of presenting your business idea will be different for each organization.

• If your plan and idea is successful, you will receive a letter of support from the organization, which should be included in your startup visa application.
• Provide the required language certificate.
• You must take a language test from an approved agency and demonstrate that you have a minimum level of Canadian Language Benchmark (CLB 5) in English or French in speaking, reading, listening and writing.
• Proof of funds

Once you arrive in Canada, you must show that you have enough money to support yourself and your other dependents. The amount of money you need depends on the size of your family.

Designated organizations for startup visa

As a part of the eligibility requirements, you must provide proof (affidavit and letter of support) that your business is in fact supported by a designated organization. These documents cover the details of your agreement with one or more designated organizations and are very important for your start-up visa application. Unlike federal and provincial investor programs, where applicants must invest their own capital, no investment of your own funds is required.

Instead, eligible individuals must receive at least $75,000 from a Canadian angel investor or at least $200,000 from a Canadian venture capital fund recognized by the Canadian government. If the applicant is accepted into an accredited Canadian business incubator, there will be no need to invest.

What are the conditions of all types of sponsoring organizations:

Venture capital investor is a type of financing by investment companies that is carried out on small companies with high growth capacity. If you have an international idea with a guarantee of high efficiency, these companies are a good option to continue your journey. Otherwise, your chances of working with venture capitalists are slim. Because these companies are looking for jobs that can generate several million dollars.

Angel Investor

This group of organizations are called angel investors; cooperation with these investors has been much easier than venture capitals because your business plan will be more popular. These investors offer their capital in exchange for receiving a percentage of the company’s shares. To get approval from these types of organizations, you must be able to receive the amount of 75 thousand dollars.

Incubator

Incubators provide the basis for the growth and promotion of your business. These investors by creating an environment for progress and preparing startups offer successful starting methods to your business. Incubators do not provide you with capital, but receive an amount for the development of your startup.

• The amount of financial resources required to be submitted to the Immigration Department

Once you arrive in Canada, you must show that you have enough money to support yourself and other dependents. The amount of money you need is determined based on the number of your family

• CAD 13,960 for a single family
• CAD 16,135 for a family of two
• CAD 19,836 for a family of three
• CAD 24,083 for a family of four
• CAD 27,315 for a family of five
• CAD 30,806 for a family of six

Canada startup visa benefits

• Successful business owners and their families are granted permanent residency.
• Permanent residence may also be used as a work permit.
• After that candidates may seek citizenship and Canadian citizens are allowed to have dual citizenship.
• You do not need a source of cash to apply for identification.
• Primary applicant has no age limit.
• Relatively low knowledge of English (CLB 5)

Experience safe immigration with the services of Saboori Immigration Institute.

We have a proven background of success with incubators, angel investors and venture capitalists for the quality of our groundwork to ensure the program is on track to progress through due diligence.

• Business review
• Matching the designated organization
• Preparation of due diligence is necessary
• Feasibility studies
• Industry research
• Innovation research
• Market research
• Prototype and MVP production
• Preparation of patent
• Examining similar samples
• Team interview
• Interview training and revision
• Preparation of website and presentations