How to Start Your Business in Canada With a Canadian Investor Visa?
Whether you are an entrepreneur trying to launch a business in Canada or you are looking to invest in this breathtaking nation, this blog will take you through the benefits of investing in Canada.
What is the Canadian Investor Visa?
You’re qualified to open a business in Canada through an immigration program designed for foreign business owners and entrepreneurs. The program aims to facilitate, welcome, and help business individuals on both federal and provincial levels, to start their businesses in Canada.
The Start-Up Business Class or Investor Visa Program
An immigration program for international businesspeople who desire to start a new company in Canada. Business owners must intend to launch a new enterprise in Canada to qualify for this program. The company also must meet several requirements before being classified as a qualifying firm. It’s crucial to remember the following for brand-new business owners who have a “commitment”:
- A reputable group of angel investors who affirm their commitment to contribute at least $75,000 to a qualifying business. The angel investor would have to certify that they will be financing a total of $75,000 whether it is one business or several firms.
- A designated venture capital fund would need to certify that it has made a minimum of $200,000 in investments in one or more qualifying businesses.
- A confirmation from the business incubator businesses that the candidate is interested in its business program.
What is the Eligibility?
The following is important for business owners making an application to be processed:
- The applicant must receive a Letter of Support from an authorized body and meet the language requirements.
- The applicant must be able to prove that they have sufficient settlement funds that are transferable, as well as other available funds.
- The person should also prove that he is debt free.
What Will I be Assessed On?
You will be assessed on the following language parameters;
- Must be proficient in reading, writing, listening, and speaking.
- Need to meet the language requirement at benchmark level 5 in either official English or French
Self-Employed Person Program
Entrepreneurs or people who are their own bosses can immigrate to Canada under the Self-employed Persons Program and gain permanent residence. The candidate must have the necessary experience as an artist or athlete. In addition, the person must also add value to the cultural life in Canada.
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