With the start of the New Year comes better solutions for the Canadian government to handle the pandemic’s outbreak as compared to last year. This means that small and medium-sized businesses can benefit from new opportunities—such as depending on entrepreneurs inclined in technology who plan to move to Canada through the start-up visa program.
Since you can expect more companies to invest in modern technology to keep their businesses stable in a future that remains uncertain for everyone, the technology sector is one industry that can expect to reap significant advantages this year. The country is looking forward to making up for the losses and utilizing numerous ways to get back on track, such as accepting immigrants globally that can offer their help to regain the economy.
The availability of the vaccine to secure the future of Canadians has given people hope to look forward to a bright future—including those who plan to immigrate for better job openings. Keep reading below to find out why getting a start-up visa may just be your ticket to achieving the fastest way to immigrate to Canada.
What is the Start-Up Visa Program?
The start-up visa is a program established by the country’s immigration system in 2018 to provide immigrants with a chance to achieve permanent residency quickly and more efficiently. Back when it was introduced to the public three years ago, only about two hundred and fifty applicants were approved to move to Canada.
Last year, the admissions more than doubled to make way for the dreams of immigrants who have always set their sights on Canada for a better life, a high-paying job, and the fantastic benefits of living in a first-world country.
The start-up visa program aims to encourage entrepreneurs inclined to providing innovative solutions and connecting them with private-sector companies and investors in Canada. People who are willing to guide contractors with putting up their start-up business can serve as a way for immigrants to start a new life in Canada.
The chosen applicants first arrive in Canada through a work permit sponsored by their Canadian investor. When their business is running and proves significant outcomes, the candidate can then apply for permanent residency.
Types of Private-Sector Investors
An angel investor is required to provide at least $75,000 for the business to be funded correctly. Entrepreneurs vying to be candidates can also opt to ask for support from two or more willing investors from angel investor organizations so long as the total sum of their investment is the required amount of money.
Venture Capital Fund
A venture capital fund must guarantee that the proprietor involved is investing money worth $200,000 towards the qualifying business. The prospect of the start-up business can also look forward to relying on two or more investors willing to sponsor the venture if they can provide the total of the needed money accordingly.
A business incubator is a type of program that offers start-up businesses mentorship opportunities, such as investment and other forms of support, to assist candidates in becoming well-established. An entrepreneur will be included under the business incubator program for a given duration. Once you have moved past the incubator stage, you will require a business accelerator for more stable support.
It’s essential to know that part of choosing an investor program to guide your start-up business is being familiar with the sectors necessary to ensure you can survive the Canadian economy. Before you look for a private sector willing to sponsor your business ventures, you must first decide what type of investor program you require. If you’re having difficulty deciding, you can reach out to an immigration consultant to assist you and answer all your questions, along with giving you sound advice on the necessary actions to take before you’re set on your big move.
Are you looking for a Canadian immigration company to guide you with applying for a start-up visa? The government and authorities recognize Bright Immigration due to our expert services, quality legal care, and immigration assistance. If you’re looking for professional help from a trusted firm, please contact us at email@example.com or call 1-888-404-8472.