In the past few years, Canada has aligned with numerous countries around the world and offers foreign investors who want to relocate here the possibility of doing that by starting a business. This option is available under the Start-Up Visa Scheme which implies, as its name says, to create a company in Canada.
If you are a foreign investor and want to open a startup in Canada, this program can be your chance to become a business owner in this country. Our company formation agents in Canada can help foreign citizens who want to have their own businesses here with the registration procedure of a Canadian startup.
The creation of a startup company in Canada implies the same steps as for any other business and these are:
When opening a Canadian startup, there are a few additional things to consider, especially when moving to this country based on the designated program which allows for the creation of such a business.
The first and most important advantage of this program is the possibility of obtaining a work permit in Canada based on the creation of a startup company. For this to happen, the following requirements must be met:
It is important to note that in order to qualify for the program, the company must be already incorporated in Canada at the time the support of the designated institution is made and the requirements for obtaining it include for the applicant to own at least 10% of the voting shares in the Canadian startup and, if other shareholders participate in the venture, the voting rights of each of them must be below 50% of the total shares.
Our company registration consultants in Canada can provide more information on the qualification requirements for opening a startup. We can also help you in starting a business in Canada under the provisions of the Company Law.
When opening a startup in Canada, the business owner must also consider the commitment of the designated company. The support can have one of the following forms:
It is also possible for the Canadian startup owner to obtain permanent residence provided that the following requirements are met:
Our company formation advisors can assist foreign investors with information about the conditions of the visa scheme, as well as with the creation of a startup in Canada.
Foreign citizens seeking to open a startup in Canada and move here must meet the following funding requirements, according to the immigration authorities:
There is no maximum number of members who can immigrate to Canada under this program, however, the local authorities provide for a minimum of 34,299 CAD when moving here with seven family members.
If you want to open a startup in Canada under this program, do not hesitate to contact us. You can also rely on our local representatives for starting a company in Canada under different conditions.
Our consultants can explain any other conditions that can be applied here when opening a startup business. If you want to start a business in Canada, you will need to comply with the same conditions that are imposed for other business activities and sectors.
Differences can appear when we refer to the permits and authorizations required for a certain business field, but also on the capital.