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.
