Startup program
The Canada Visa Startup Program is aimed at entrepreneurs who have the skills and potential to create businesses in Canada that are innovative, create employment, and can compete in the international community
The applicant who wants to apply for this program must
- Has received a letter of support from Canadian registered companies. These companies are
- Angel Investors
- Venture Capital
- Business Incubator
- Have the necessary language skills and abilities
- Have adequate financial resources for housing and living
At the time of receipt the letter of support from one of the above-mentioned companies, the applicant shall own at least 10% shares of the company. Up to 5 applicants can apply and the applicants together with the company hold more than 50% of the shares. The applicant must have ongoing and active business management from within Canada and be run as a corporation
Canadian Start-Up and all Business programs are specialized technical programs and you need to be in direct contact with not only with the immigration company but also with the specialized technical company that prepares your specialized business plan.
Our Start-Up and Business programs are implemented in cooperation with our other company (HMK SR&ED Consultant Inc.)
which consists of prominent university professors, scientists, doctors and Persian language specialists.
Why is Canada start-up visa program being so popular?
This is due to very easy procedures, high chance of success and also due to the closing of U.S. visa programs by Donald Trump.
What is a program in Canada’s startup visa program?
The Canadian Startups visa program is one of the fastest programs for obtaining permanent residency in Canada for investors or entrepreneurs. The program attracts innovative entrepreneurs and investors and links them with Canadian investors. Thus, Canada’s starting-up visa helps create a business. Applicants will be able to obtain permanent residency in Canada.
In fact, an entrepreneur and creative person, if qualified and successful in obtaining a letter of support for one of the approved organizations by the IRCC, will have a very good chance of getting the permanent residence. Getting permanent residency for the person, spouse and children up to 22 years old is only one of these benefits. Having the full support of Canadian business sponsor organizations at the launch and implementation of business, is another benefit that people will have in Canada’s starting-up visa program.
Through this permanent Canadian residency visa, even investors who do not have a management experience can also obtain a lot of strategic experiences through supportive organizations that help them through this program.
The important point is that receiving permanent residency through this program does not require any additional requirements and requirements.
Canada’s starter visa program features:
Low investment requirement: Starting work in Canada does not require a high investment, while also you have supporting of the supporting designated organizations.
Suitable for families: This program also covers the main applicant’s wife and children.
Quick: This visa is one of the fastest ways to obtain permanent residence in Canada
What are the eligibility requirements for a Canadian startup visa?
Having a qualified idea.
Acquiring support letter from a designated organization.
Have adequate, usable and transferable funds.
Fluent in English or French (IELTS 5).
The influx of all investors in the world towards Canada:
For entrepreneurs and investors who thought US is their best destination for start a business and investment, there has been a lot of uncertainties during the last few years. In recent years, there are a lot of ambiguities, especially when the number of COVID-19 patients in US are increasing rapidly and president Trump closed the US boarders to all investors and green card seekers.
After president Trump banned the immigration to US until the end of 2020, the number of the popular startup visa program increased rapidly. It should be noted that president Trump has been against of all US immigration programs from the beginning of his presidency campaign. The message of the current Government of the United States is that: “immigrants will take the jobs of Americans.” This is a message that helped the president to be selected in the previous round of elections, and he hopes to succeed with the same trend in the next round of the elections that will be held in the Autumn 2020.
After that, entrepreneurs who began reviewing to find the right place to set up their work and businesses, found Canada the best country to start their business with very small amount of about 110 thousand Canadian dollar which is not comparable with the 900 thousands Us dollar in EB5 US immigration program for international investors.
Entrepreneurship
The Entrepreneurship Program is designed to develop and increase employment in Canada by attracting capital and is aimed at people with managerial experience in the commercial, agricultural and industrial sectors who intend to build a business and career based in Canada.
In addition to the federal government, the Canadian provinces each have their own entrepreneurship programs as follows
• Federal Government Entrepreneurship Program
• Entrepreneurship Program of Quebec
• Entrepreneurship Program of the Province of Ontario
• Entrepreneurship Program of Manitoba Province
• Saskatchewan Entrepreneurship Program
• Alberta Province Entrepreneurship Program
• British Columbia Entrepreneurship Program
• PEI Entrepreneurship Program
• Nova Scotia Entrepreneurship Program
• New Brunswick Entrepreneurship Program
As an example the general information for the British Columbia Entrepreneurship Program is as follows
Buying a business and receiving a work permit
It is possible to buy more than 50% of a business in Canada to receive a work permit
It should be noted that a business owner who has received a work permit from the Government of Canada cannot apply for permanent residence through Canadian or Quebec experience programs
Business can be a company or a business such as a shop or restaurant. It is not necessarily that the location of the company or the business owns by the applicant and can be rented, although in rare cases the business property is also incorporated and sold by the business. What you pay for if there is no real estate is in fact the name, license, record, clients and … of that business or company
Specifications and Conditions of a Good Business
- Business must to be active. It’s not just about registering one company and transferring it to another for business
- Take control of at least 51% of the shares. If you are a shareholder below 51%, you have virtually no decision-making power in the company
- Business can have economic, cultural, or social benefits to the Canadian community, though these are complex concepts and require convincing officers in the field
- The business can be realistic, given the background and knowledge of the buyer, which means that the immigration officer takes a special look at the applicant’s background and abilities in administering and running the business. Just buying a business and making profit of that business would not be enough to convince the officer to issue a work visa and permit
Who can buy a business in Canada
Anyone in Canada can buy a business and there is no restriction on business ownership, but that doesn’t mean every business buyer can get a business work visa
Applicant requirements
Business owner must have the following requirements
- Business management skills include a combination of background and education as well as adequate language skills
- Business intent: The applicant must run the business himself and work as a manager of his business and cannot assign it to another
