Canada Startup Visa is a federal business immigration program launched by the Canadian government to invite both experienced and aspiring business professionals and entrepreneurs. The program was initially conceptualized as a pilot program, but later on, the program became a permanent pathway and an integral part of Canada Business Visa. The program is responsible for attracting experienced startup professionals, bringing investments and new startups into the country.

• Under business start up visa Canada, you can attain direct, unconditional permanent residency
• There is no minimum investment requirement, and moreover, you can acquire investment from the designated investment bodies in Canada
• You are not required to demonstrate minimum net-worth under the program
• Anyone can apply under the program as there is no age barrier as per the guidelines
• You can settle anywhere in Canada (excluding Quebec) along with your family and can establish your business in Canada
• You can attain Social Benefits, family & child benefits, insurance, and pension benefits under Canada PR Visa
• After staying in the country for 1095 days in 5 years, you can achieve Canada Citizenship/passport
• Under Canadian Passport, you can attain visa-free access to over 150 countries

• Business Plan draft – have a detailed business plan for startup visa outlining the business concept, product and services, marketing plan, staffing, and financial strategy
• Attain letter of support – You need to identify the Canadian designated investment and acquire a letter of support and investment by pitching your proposed business idea
• Language Proficiency – Must score a minimum of CLB 5 under the four components (Speaking, Listening, Reading & Writing) of language examination
• Have a qualifying business in Canada – Must establish a business in Canada along with your business partners (up to 5 members) with a minimum of 10% voting rights linked to the shares
• Proof of funds – Must demonstrate sufficient financial funds to support every family member for the initial stay in the country under Canada Startup Immigration

• Step 1 – Reach the chosen designated investment body as per your business concept (Venture Capital Fund, Angel Investor Group, and Business Incubator)
• Step 2 – Pitch your business idea and convince them to invest in your business
• Step 3 – Receive the letter of support and investment from the Designated Investment body
• Step 4 – Arrange all the relevant and apply for a temporary Canada Work Permit application for the Canada Business Startup Visa
• Step 5 – Move to Canada and establish your startup business in Canada on your temporary work permit
• Step 6 – Apply for Canada permanent residency after the successful business establishment and operation
• Step 7 – Receive Canada PR Visa by submitting all the forms and documents along with the fee, due diligence, checks, and investigations

• Photocopy of a valid passport
• Original document copy of the Business Startup Visa Canada Application fee payment
• Original Language proficiency examination result (IELTS or CELPIP)
• Document of Letter of Support from the Designated Investment Body
• Proof of settlement funds by bank statements and investments
• Spouse and dependent documents (birth certificates, marriage, passports)
• Original copy of PCC from each country you have spent (more than six months)
• Medical certificate of each applicant

As per the current trends and statistics, Canada startup visa processing time can differ from case to case. However, the recent trend dictates that the documentation and process time will take around 6 to 12 months. But considering the entire lengthy and due diligence process, the processing time can take a total of 12 to 18 months. Below is the breakdown of the fees:

• Single Applicant Fee (CAD 1575) + Right of permanent Residence Fee (CAD 500) = CAD 2,075
• Spouse Applicant Fee (CAD 825) + Right of permanent Residence Fee (CAD 500) = CAD 1,325
• Dependent Child Fee (CAD 225)

 

Unbox Immigration is aimed at spearheading business immigration services to all business professionals, startup enthusiasts, investors, entrepreneurs, and self-employed professionals. We provide excellent services on preparing the application, due diligence, letter of support, investment, business incorporation, settlement, and Visa solutions.