Canada’s Start-up Visa: The Basics in Applying for One in India

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Canada’s Start-up Visa: The Basics in Applying for One in India

Several start-up companies are booming in India every year. For some, their start-up products and services can thrive in their homeland, but for others, they need to tap a foreign audience. This is why some start-ups would reap the benefits of having access to the Canadian market through Canada’s start-up visa program.

But what is it?

Canada’s start-up visa program grants Canadian permanent residence to qualified immigrant entrepreneurs and is known as the Canada Start-up Class. This visa program targets innovative and passionate entrepreneurs and connects them with investors in Canada to help them develop and establish their start-up business. 

For start-up business owners in India who want to take this route, it’s highly recommended that you work with trusted and experienced immigration consultants in Toronto. By doing this, you’ll have a reliable agent who can assist you from the beginning to the end of the application process. 

If you think your start-up business needs that big push that will help it flourish in the marketplace, consider flying to Canada with a start-up visa. Here’s how you can apply for one all the way from India!

Private-sector investor

As mentioned earlier, to get to travel to Canada under the start-up visa program, there are three types of private-sector investors that you need to consider: venture capital funds, business incubators, and angel investors.

With a venture capital fund, they must confirm that they’ll be investing at least CA$200,000 to the qualifying business. Additionally, you can have two designated venture capital funds, as long as the investment totals CA$200,000.

Angel investor groups are known as high-net-worth individuals who can assist start-up businesses and usually exchange for ownership equity in the company. For this type of investor, they must invest at least CA$75,000 to qualify your business. 

As for the designated business incubator, they must accept you for their business incubator program. They’ll help you develop a viable business plan that will meet government-approved requirements.

Working visa

Some start-ups usually take another route to be part of Canada’s start-up visa program. A number of candidates applying under the start-up visa program could initially come to Canada through a working visa supported by their designated Canadian investor.

After this period of residing and working in Canada with a working visa first and then a start-up visa, you can then ask for assistance from immigration consultants in Toronto to help you apply for permanent residence in Canada. 

Basic requirements for Canada’s start-up visa

You’ll find the basic government-imposed eligibility requirements for Canada’s start-up visa program:

  • A qualifying business
  • A letter of support and a commitment certificate from a designated entity/investor
  • Sufficient and transferable settlement funds for settlement funding
  • Proficient in English or French (minimum Canadian Language Benchmark level 5)

If you have more questions regarding Canada’s start-up visa application process, it’s best to connect to an immigration consultant from Bright Immigration to give you a walk-through and help you with your application. 

Conclusion

These are only a few things you need to know when applying for Canada’s start-up visa program. This type of visa helps innovative entrepreneurs get their much-needed push to help build and develop their brand. So if you’re considering taking this route, speak to a trustworthy and experienced immigration consultant from Bright Immigration, and take your business and dreams to Canada!

If you’re looking for professional help from a trusted firm, please contact us at info@brightimmigration.com or call 1-888-404-8472.

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Our professionals make the difference. Our representatives are recognized by the Immigration Consultants of Canada Regulatory Council and Law Society of Upper Canada. We are guided by our commitment to professionalism, ethics, and belief in providing our client with access to quality legal care and immigration help. You can rest assured that you are well represented and protected when you choose Bright.

Expert help, expert care

Our professionals make the difference. Our representatives are recognized by the Immigration Consultants of Canada Regulatory Council and Law Society of Upper Canada. We are guided by our commitment to professionalism, ethics, and belief in providing our client with access to quality legal care and immigration help. You can rest assured that you are well represented and protected when you choose Bright.
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