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Do you have a cutting edge business idea? Would you like to operate a business in Canada? Apply to immigrate under various business programs offered by Federal and Provincial Governments!
Hoping to immigrate and bring your professional success with you? You and your business may have a future in Canada. Depending on the type of work you do and how it might benefit the Canadian economy, you could immigrate:
- through the Start-up Visa program as a new business owner;
- as a self-employed person; or
- as an investor.
VB & Associates is working in collaboration with Canadian Application Processing Services (CAPS) to help entrepreneurs with their Start-up Visa applications!
What is the Start-up Visa Program?
The Start-up Visa program is for innovative companies that can create jobs for Canadians and could succeed on a global scale. If you and your business qualify, acceptance could mean fast work permit processing (as little as six months!) and permanent residency. You could also have access to Canada’s strong economy, low tax business costs, innovative spirit, and high quality of life.
Who can apply to the Start-Up Visa Program?
To qualify, the business must:
- be supported by a designated organization (and have a letter of support to that effect), and
- meet ownership requirements for a qualifying business.
The applicant must:
- meet the language requirements (based on results from an approved English or French language test),
- bring enough money to settle, and
- pass Canadian security and medical clearances.
What is a designated organization?
Designated organizations are business groups that have been approved to invest in or support possible start-ups. These could be business incubators, venture capital investors, or angel investors.
A business incubator nurtures the business throughout the startup phase and provides all the necessary tools and advice for the business to stand on its own feet. The eligibility requirements, length of program, and process for business incubators vary depending on the program.
Venture capital is financing that investors provide to startup companies and small businesses investors believe will have long-term growth potential. Venture capital generally comes from well-off investors, investment banks and other financial institutions. Accepted businesses may receive money and/or technical or managerial expertise.
Angel investors are wealthy individuals who provide capital for startups in exchange for ownership equity or convertible debt. Every angel investor has their own requirements for who they will back.
The self-employed program focuses on potential immigrants with significant experience in cultural activities or athletics who plan to use that experience to enrich cultural or athletic life in Canada. Applicants need to meet program requirements in the following areas:
- language abilities;
- whether the applicant passes medical and security checks; and
- whether the applicant can support themselves.
Investors need to show that they have the business and capital necessary to help make a positive impact on Canada’s economy. They also have to make a sufficient investment before receiving a permanent resident card.
We Want You to Succeed
Do you think you and your business could qualify for one of these programs? We can help you review the requirements against your experience and capital backing to determine which program would be best for you. Contact us to begin the process!