The Business Visa is for entrepreneurs and business owners wishing to establish their business in Canada. It is a great choice for individuals that have an already established business.
Scroll below for FAQ!
Business Visa FAQ
What is Business Immigration Program?
Canada welcomes successful business people who are seeking new opportunities and challenges. The Business Immigration Program is designed to encourage and facilitate the admission of these individuals. Both the federal and provincial/territorial governments welcome business immigrants and offer services to help immigrants start a business and settle in Canada.
What is defined as a Start Up Business?
What is the minimum investment that required to apply through the Start-up Visa Program?
If the investment comes from a designated Canadian venture capital fund, they must secure a minimum investment of $200,000.
If the investment comes from a designated Canadian angel investor group, they must secure a minimum investment of $75,000.
You don’t need to secure a financial investment from a business incubator. You must be accepted into a Canadian business incubator mentoring and educating program.
If I immigrate through the Start-up Visa Program, what happens if my business fails?
If your business fails, it doesn’t affect your Permanent Resident status. Canada recognizes that not every business will succeed and this program is designed so that the risk is shared between the public and private sector.
How long does the entire process take?
To obtain the Letter of Support from the designated organization, it may take between 2-4 months.