Who can apply to immigrate with a Start-up Visa
To be eligible for the Start-up Visa Program, you must:
- have a qualifying business
- prove your business is supported by a designated organization
- meet the language requirements
- bring enough money to settle
Have a qualifying business
A qualifying business means you created a business that meets all of the following criteria:
At the time you get a commitment from a designated organization:
each applicant holds 10% or more of the voting rights attached to all shares of the corporation outstanding at that time (up to 5 people can apply as owners)
applicants and the designated organization jointly hold more than 50% of the total voting rights attached to all shares of the corporation outstanding at that time
Prove your business is supported by a designated organization
Before you can apply for the Start-up Visa Program, you must have the support of a designated organization. These are business groups that have been approved to invest in or support possible start-ups.
If a designated organization decides to support your business, it will give you a letter of support.
You must include the letter of support with your application. If you do not include the letter or do not meet any of the requirements below, we will refuse your application.
Meet the language requirements
The ability to communicate and work in English, French, or both will help your business succeed in Canada.
You must take a language test from an approved agency and include the results with your application, or we will not process it.
You must meet the minimum level of the Canadian Language Benchmark (CLB) 5 in either English or French in all of these four areas:
Bring enough money to settle
The Government of Canada does not give financial support to new Start-up 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 will need to give proof that you have the money when you apply.
The amount you will need depends on the size of your family.
Company Formations offers global entrepreneurs its advisory and support services in the application process for this program. The fee for this service is $ 3000 CAD.
We have helped thousands of entrepreneurs to immigrate to Canada, and we can help you too. The first step towards getting your permanent residence through the Start-Up Visa Program is getting an assessment of your case.