Foreign citizens are welcome in Canada, the government supporting those who come to work or start a business here. While the work and residence permits are requested by those working in Canadian companies, foreign entrepreneurs have other options for relocating to this country, one of the most important being the entrepreneur startup visa.
Canada is keen on attracting businesspersons from all over the world, which is why the government enabled the entrepreneur startup visa for those interested in setting up a business and settling here at the same time.
Below, our Canadian company formation agents explain the requirements related to obtaining an entrepreneur visa. We can assist with the entrepreneur startup visa and company registration procedures in Canada.
Those who want to move to Canada based on an entrepreneur startup visa must comply with a few requirements and follow a specific procedure.
The qualification requirements refer to:
One of the greatest advantages of the Canadian Entrepreneur Startup Visa program is that the applicant can bring other family members who will obtain residence permits.
If you are interested in setting up a company in Canada under the entrepreneur startup visa, our consultants can guide you.
As mentioned earlier, a condition for obtaining the entrepreneur startup visa is related to having a business or providing a business plan which is endorsed by the designated organization.
The qualifying conditions for the Canadian venture when applying for an entrepreneur visa are:
Our company registration specialists in Canada recommend you register a corporation in order to ease the entrepreneur startup visa procedure. We can also with the incorporation of such a structure.
Having a qualifying business is not the only requirement related to obtaining an entrepreneur startup visa in Canada, as the other requirements are just as important. For example, when it comes to the designated organization which can support the visa application, it can be a venture capital fund, an angel investor or any other business incubator which was approved by the government to enter the Entrepreneur Startup Visa program. Also, it will be the applicant’s job to convince their business idea is worth the support.
When it comes to the language requirements, the applicant and his/her family member must speak English or French fluently, meaning having the Language Benchmark 5 level.
In order to bring family members along, the applicant will be required to ensure sufficient funds for their support. The maximum number of family members who can enter Canada is 7.
Our company formation advisors in Canada can help you prepare the documentation related to obtaining the entrepreneur startup visa.
Moving to Canada under the entrepreneur startup visa is one of the best ways of obtaining a residence permit which can later be transformed into a Canadian passport. Also, it enables a foreign citizen to have his/her own business in Canada.
The Canadian entrepreneur startup visa is one of the few such types of residence permits in the world, considering the amount of money to be invested is quite small.
For complete information and assistance in applying for an entrepreneur startup visa in Canada, please contact us.