What is the Start-up Visa Program?

The Canada Start-up Visa Program is designed to attract immigrant entrepreneurs with innovative business ideas that can create jobs and compete on a global scale. This program offers a pathway to permanent residency for those who can secure investment from a designated organization in Canada. Entrepreneurs must demonstrate their business potential and commitment to settling in Canada, excluding Quebec.

Opportunities with the Start-up Visa:

  • Permanent Residency:

    Successful applicants receive Canadian permanent residency.

  • Access to Canadian Markets:

    Establishing your business in Canada provides access to North American and global markets.

  • Canada Child Tax Benefit (CCTB):

    Low-income families with children under 18 receive monthly government payments to help with expenses.

  • Networking and Collaboration:

    Connect with other entrepreneurs, investors, and industry experts in Canada’s dynamic start-up ecosystem.

  • Innovation Ecosystem:

    Benefit from Canada’s vibrant innovation ecosystem, research institutions, and skilled workforce.

  • Quality of Life:

    Enjoy Canada’s high quality of life, with access to excellent healthcare and education systems.

  • Canadian Perks:

    Approved applicants will have access to subsidized Canadian education and healthcare programs.

  • Dual Citizenship:

    Eligible individuals can maintain their original citizenship while holding Canadian citizenship.

  • Dependents Allowed:

    Bring your spouse and children under 22 as dependents on your visa.

  • Eligibility Requirements:

    To qualify for the Start-up Visa Program, you must meet the following criteria:

    Qualifying Business:

    • Your business idea must be innovative and have growth potential.
    • Your business should be supported by a designated organization in Canada, such as angel investor groups, venture capital firms, or business incubators.

    Letter of Support:

    • Obtain a letter of support from a designated organization confirming their willingness to support your business venture.

    Language Proficiency:

    • Meet the language requirements by demonstrating proficiency in English or French (Canadian Language Benchmark 5 in all abilities).

    Settlement Funds:

    • Bring sufficient funds to settle in Canada, covering your initial living expenses.

    Location:

    • Plan to settle in a province other than Quebec (Quebec has its own immigration programs).

    Security and Medical Clearances:

    • Pass Canadian security and medical clearances.

    Ownership Requirements:

    • Ensure that your business meets the ownership requirements, with at least 10% voting shares individually and more than 50% combined with the designated organization.

What are your Investment Options?

The Business Incubator Option

Join an approved business incubator program in Canada by obtaining a commitment certificate.

The Angel Investor Group Option

Secure a commitment certificate from an Angel Investor Group that is investing at least CAD $75,000 in your business.

The Venture Capital Fund Option

Get a commitment certificate from a venture capital firm investing a minimum of CAD $200,000 in your business.

Application Process:

Pitch Your Business Idea:

  • Present your innovative business idea to a designated organization in Canada.

Obtain Support:

  • Once the organization supports your business, they will issue a letter of support.

Start Your Application:

  • Begin your start-up visa application through the official channels.

Work Permit While You Wait:

  • If you’ve already applied for permanent residence through the Start-Up Visa Program, you may be eligible for a temporary work permit while waiting for your application to be processed. You must demonstrate that your business will significantly benefit Canada’s economy.

Timelines:

  • The processing time for your work permit is approximately 8-12 weeks.
  • Permanent residency applications take around 36 months to be processed and approved.
  • You can apply for Canadian citizenship after 3 years.

Explore Canada’s Start-up Visa Program with Cosmos Immigration!

Are you an aspiring entrepreneur with big dreams? At Cosmos Immigration, we specialize in turning your vision into reality. Here’s why you should choose us:

  • Expert Guidance: Our experienced consultants guide you through the entire process, ensuring you meet all eligibility requirements.
  • Comprehensive Services: From business idea evaluation to securing investment and completing your visa application, we offer a full range of services.
  • Proven Success: With a track record of successful applications, we know what it takes to succeed in the Start-up Visa Program.
  • Personalized Approach: We tailor our services to meet your unique needs, helping you navigate the complexities of Canadian immigration.

Contact us today to start your journey to Canada!

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