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Start-Up Visa Program
The Startup Visa program is an immigration pathway for innovative entrepreneurs who want to start a business in Canada. However, please note that immigration policies and programs can change over time. For the most up-to-date and accurate information, it is recommended to consult the official website of Immigration, Refugees and Citizenship Canada (IRCC) or seek advice from a qualified immigration professional.
Here is a general overview of the Startup Visa program:
Eligibility Requirements:
1. Qualifying Business: You must have a qualifying business that is innovative, scalable, and has the potential to create jobs and compete internationally. To demonstrate this, you need to secure a Letter of Support from a designated organization.
2. Designated Organization: You must have the support of a designated organization. These organizations include venture capital funds, angel investor groups, or business incubators approved by the government of Canada. The designated organization will assess your business idea and its potential for success.
3. Commitment Certificate: If the designated organization supports your business idea, they will provide you with a Commitment Certificate. This certificate is a requirement for your application to the Startup Visa program.
4. Language Proficiency: You must provide evidence of your language proficiency in English or French. The accepted language tests are the International English Language Testing System (IELTS) for English or the Test d'évaluation de français (TEF) for French.
5. Adequate Settlement Funds: You must have sufficient funds to support yourself and any dependents accompanying you to Canada. The exact amount required will depend on the number of family members and is subject to change. These funds cannot be borrowed and must be readily available to you.
6. Admissibility Requirements: You and any accompanying family members must meet Canada's admissibility requirements, which include passing medical exams and security checks.
Application Process:
1. Obtain a Commitment Certificate: You need to secure a Commitment Certificate from a designated organization by convincing them that your business idea is innovative and has the potential to succeed.
2. Gather Required Documents: Collect all the necessary documents, including the Commitment Certificate, language test results, proof of funds, and other supporting documents specified by the IRCC.
3. Submit Application: Complete the application form and submit it along with the required documents to the IRCC. Pay the application fee and any other applicable fees.
4. Application Assessment: The IRCC will review your application and may request additional documents or information. They will assess the viability of your business idea, the credibility of the designated organization, and your ability to meet the program's requirements.
5. Conditional Approval and Work Permit: If your application is approved, you will receive a Letter of Approval. With this letter, you can apply for a work permit to come to Canada and establish your business.
6. Permanent Residency Application: Once you have established your business in Canada and meet the program's conditions, you can apply for permanent residency through the appropriate federal immigration program.
It's important to note that the Startup Visa program has specific requirements and criteria, and the application process can be complex. It is advisable to consult with a qualified immigration professional who can guide you through the process and provide personalized advice based on your specific situation. Additionally, regularly checking the official IRCC website for updates and changes to the program is recommended.
Consult us for the most up-to-date and accurate information before starting the application process.
Westland Immigration & Visa Services
Mr. Varinder Sharma (Director, MCom, Dip. Imm. Law), (RCIC), Member ICCRC
Cell: 1-778-988-8472
Office: +1-778-783-9991
Toll Free: 1-800-401-3797
Fax: 1-877-275-6880