The brightest entrepreneurs around the world are asking for Canada's help. This can be a great opportunity for new immigrants to immigrate to Canada, while land benefits can be transferred by new innovative companies with the best brains. This program aims to provide permanent residency for international entrepreneurs who are able to obtain funds from investors who are selected to seek to pursue this.
Eligibility Requirements for the startup immigration Canada visa?
1. Letter of support and certificate of commitment
Candidates must have received a letter of support from a delegated capitalist organization. In order to receive a letter of support, the applicant should convince a designated venture capital fund or venture capital group to invest in its proposed transaction. The capitalist organization must provide a certificate of commitment directly to Citizenship and Immigration Canada and summarize the details of the commitments made with the applicant.
2. Investment requirement
Applicants should obtain an investment of at least $ 200,000 if the investment is made by a particular venture capital fund or a minimum of $ 75,000 is guaranteed if the investment is made by a designated group of angel investors. Candidates do not need to spend their own money on this Canadian immigration program.
3. Language requirement
The candidate should be able to communicate and work in English and/or French. Applicants must submit language test results from an accredited agency and attain the minimum level of CLB 5 in English or French.
4. Education requirement
The candidate must have completed at least one year of study at a post-secondary institution. The applicant should also be able to prove that he or she was in perfect working condition for at least one year while visiting a post-secondary institution. Candidates will provide transcripts, a good letter, certificates, diplomas or diplomas as proof of this requirement.
5. Sufficient Settlement Funds
The applicant should have sufficient resources to feed himself and his family upon arrival in Canada. The amount of money needed depends on the number of family members that will accompany the applicant.
6. Security and medical authorization
As with all Canadian immigration programs, the applicant and his / her family should undergo a security check and a medical examination to determine if they represent a security threat or a health concern that would unduly burden the Canadian health care system.
Peer review process
The Canadian government has appointed associations to review the obligations of capitalist organizations and claimants to prevent fraud and to ensure that the obligations are legitimate.
What happens if the company fails?
Participants in this program may retain their permanent residence in Canada, even if their business fails.
Duration of the pilot project
The starter visa program could be a pilot project and is ready to stay open for five years, but it can be extended or permanent if it turns out to be a successful Canadian immigration program. The Canadian government can accept up to 2,750 applications per year for this Canadian immigration program.
If you are looking to Migrate, Study, Visit, Investor Work in Canada, contact XIPHIAS IMMIGRATION, the world’s most trusted Immigration & Visa Consultant.