Start-up Visa Program – Best route to Canada in 3 years

Starting a Business in Canada with the Startup Visa Program

Starting a business in a new country can be both exciting and challenging. If you want to start a business in Canada, the Canada Startup Visa Program could be the best option. This initiative aims to recruit entrepreneurs with innovative business ideas that will improve Canada's economy.

What is the Canada Startup Visa?

The Canada Startup Visa Program, sometimes known as the SUV, was launched in 2013. It seeks to attract bright entrepreneurs from around the world to Canada. The program connects students with investors, incubators, and venture capital organizations that can help them transform their business ideas into reality. Not only does it help entrepreneurs, but it also provides a path to permanent residency in Canada.

What Advantages Does the Canada Startup Visa Offer?

The program has many advantages that make it a top choice for entrepreneurs:

1.    Permanent Residency
Canada offers permanent residency to entrepreneurs and their families.

2.    Access to Funding
The program puts you in touch with approved organizations that offer business advice and financial assistance.

3.    Pathway to Citizenship
You can seek to become a citizen of Canada after a few years of being a permanent resident.

4.    Global Opportunities
Canada offers access to international markets, advanced technology, and a skilled workforce.

5.     Family Inclusion
Your immediate family members can also receive permanent residency.

Who is Eligible to Apply for a Startup Visa?

You must fulfill several requirements in order to be eligible for the Canada Startup Visa Program:

1. Qualifying Business

• You must possess at least ten percent of the company's stock.
• Up to five people can apply as owners, but the applicants together must hold more than 50% of the Business.
• The company must predominantly operate in Canada.

2. Assistance from a Specific Organization

You need a letter of support from one of the following people:

• Venture Capital Fund: They must commit to investing at least $200,000.
• Angel Investor Group: A minimum of $75,000 is required.
• Business Incubator: incubators provide coaching and direction but not capital.

3. Language Proficiency

You must demonstrate English or French competence with a minimum CLB 5 score.

4. Funds for Settlement

You need enough money to support yourself and your family after arriving in Canada. The required amount for a normal-sized family would be around $30,000, depending on family size.

What are the Steps to Applying for a Startup Visa?

Here is a quick guide to help you apply for the Canada Startup Visa Program:

Step 1: Create a Business Plan

Your business concept needs to be creative, able to generate employment in Canada, and competitive on a worldwide scale.

Step 2: Secure Support from a Designated Organization

• Send your business concept to a chosen organization.
• If they approve your proposal, you will obtain a Letter of Support, which is required for your visa application.

Step 3: Meet Language and Financial Requirements

• Pass a language test to demonstrate your English or French skills.
• Provide documentation of settlement funds for you and your family.

Step 4: Submit Your Application

• Complete visa application forms and submit them to IRCC along with all required documents, such as the Letter of Support, language test results, and proof of funds.
• Complete the medical and background checks satisfactorily.

Step 5: Get Permanent Residency

Once granted, you and your family will be able to move to Canada permanently. You can then concentrate on developing your Business.

What Is The Price?

The fees for applying for the Startup Visa Program include:

Government Charges
Visa application fees for the program.

Consultancy and Legal Fees
The cost of hiring lawyers or consultants might range between $150,000 and $175,000, depending on your demands. They can assist and guide you through all of the stages, including obtaining support from a Designated Organization.

How Much Time Does It Take?

The application process for the Startup Visa typically takes 24 to 30 months, depending on the complexity of your case.

Advice For A Strong Application

1.    Investigate Completely
Understand the needs of your company and develop your company idea.

2.    Create a Strong Network
Connect with potential investors or incubators early.

3.    Be Truthful
Maintain honesty and provide accurate information during the application process.

4.    Seek Expert Assistance
If you're unsure, hire a consultant or lawyer to advise you.

Why Should You Choose the Canada Startup Visa?

The Canadian Immigration offers you more than simply the opportunity to live in Canada. It lays a clear road to permanent residency and gives entrepreneurs access to one of the best places in the world. Canada appreciates innovation and encourages new firms, making it a perfect location to put your ideas into action.

This program benefits both you and the country:

• For you: It enables you to succeed with your business idea while assuring a bright future.
• For Canada: Your company contributes to the growth of the nation and generates new jobs.

Canada is a fantastic destination to live and work because of its thriving economy and diverse society. Additionally, it is the location of a flourishing startup ecosystem that links business owners with the resources and assistance they require.

Why Choose Lalani & Associates for the Canada Startup Visa?

• Expert Guidance: Leading Immigration Consultant to navigate the Startup Visa process.
• Personalized Support: Tailored assistance in securing support from designated organizations.
• Smooth Application: Help with meeting language and financial requirements.
• Proven Success: Trusted track record in securing permanent residency and business success in Canada.

Get in touch now and make your Canada Startup Visa Program simple and stress-free!

Secure your legacy with just a click!