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!
Frequently asked questions
Canada’s Start-up Visa Program is a Federal Government permanent program which targets immigrant entrepreneurs with the skills and potential to build businesses in Canada that:• are innovative• can create jobs for Canadians• can compete on a global scale
You must meet the admissibility requirements to enter Canada. These apply to all applicants, not just Start-up Visa Program applicants. Applications may be refused if you are inadmissible to Canada.
You may be asked questions about your:
Nationality
Age
language ability
Family members
Education
Work experience
Income and/or net worth
Details on any job offer
Criminal record
To obtain the Letter of Support from the designated organization, it may take between 2-4 months.
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.
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.
