Canada Start-up Visa Program for Entrepreneurs and Investors 2024

Why Canada?

Canada is internationally renowned for its top-quality living, balanced work-life, welcoming culture, pure air, diverse culture, plethora food cuisines and many more. Canada also offers all its migrants education help for self and spouse, free education for children, child allowance and it is one of the few countries that allows parental sponsorships. Canadian government is well known for its humanitarian laws and supportive function, where the world witnessed bad times while the pandemic; the Canadian government offered a helping hand to all its citizens, permanent resident and even to the students by providing them allowance to survive in the bad times. Its safe and multicultural society, along with the breathtaking landscapes and cultural events, further enhances the appeal of settling in Canada. Canada is an absolute Business friendly government which offer lot of benefits and subsidies for business expansion.

What is Start Up Visa? (SUV)

The Start-up Visa program in Canada is an immigration initiative designed to attract foreign entrepreneurs who have the potential to establish innovative and scalable businesses in Canada. It provides a pathway for these entrepreneurs to obtain Canadian permanent residence by securing support and investment from designated Canadian organizations.

Benifits of Start Up Visa:

• ✔ Assured roadmap to Permanent residency
• ✔ Path to citizenship
• ✔ Roadmap to Work Permit
• ✔ Currently, it offers OPEN WORK PERMIT only for a limited period. Now, as an entrepreneur you can work full time along with your business to support your business financially
• ✔ It has no age limit
• ✔ It has no requirement for IELTS high scores
• ✔ It has no requirement for Education
• ✔ It is one of the fastest program that offers you to land in Canada quicker, initially on Work Permit and later followed by Permanent Residency
• ✔ Gain all benefits of child education, child allowance, free medical and other as soon as you land in Canada
• ✔ It is one of the cheapest program across the globe which offer Permanent Residency, Business Support, Office space and other benefits
• ✔ Guidance, mentorship, and potential investment opportunities from Designated organizations / Incubators

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Eligibility Criteria:

• ✔ Have an existing business or a qualifying innovative business idea
• ✔ Secure support from designated organizations / Incubator
• ✔ Language proficiency: Least score in IELTS General 5554
• ✔ Sufficient Proof of funds as per CIC
• ✔ Any basic education and work experience is acceptable
• ✔ Business experience can strengthen the application
• ✔ You can be an entrepreneur or at a managerial position, so that you can run the business in Canada
• ✔ Requirement to invest around 50 – 80 lakhs depending on the industry and business idea

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Designated Organizations:

The Start-up Visa program works in partnership with designated Canadian organizations that are approved by the government to support and invest in foreign entrepreneurs. These organizations include venture capital funds, angel investor groups, and business incubators.

Steps involved in the entire process:

1.   Pay Signup fees

2.   Concept / Business Idea Development

3.   Interview / Presentation to the Designated Organization

4.   Pay Incubator fees after selection in the process

5.   Letter of Acceptance / Agreement Signing

6.   Global Start-Up Accelerator (GSA) Training

7.   Letter of Support

8.   Pay fees for Legal process, application fees, lawyer appointment and other miscellaneous expenses

9.   Pay fees and Form a legal incorporation Canada

10.   Application Submission for Permanent Residency (By RCIC Consultant / Lawyer)

11.   Application Submission for Work Permit (By RCIC Consultant / Lawyer)

12.   Medical, Biometric and Security Checks

13.   Work Permit Issuance

14.   Permanent Residence Issuance

15.   Business Establishment and Growth

What Should Your Business Plan/ Project Plan Include?

What does the Incubator Offer you?

• ✔ Facility management
• ✔ Professional meeting rooms
• ✔ Funding from $ 75000 to 2 Million
• ✔ Regular training for Business expansion
• ✔ Help in Client and Business expansion
• ✔ FREE office space
• ✔ FREE Electricity
• ✔ FREE Internet
• ✔ FREE Tea Coffee for you and your clients
• ✔ FREE cleaning service
• ✔ FREE Reception Service

Extended Services We Offer :

• ✔ Company formation
• ✔ HST Application
• ✔ Legal Support and compliance
• ✔ Guidance on taxation
• ✔ Accounting and Income Tax Filing
• ✔ Digital Marketing strategy training
• ✔ Guidance on your children education
• ✔ Guidance on accommodation and many more

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