Wednesday, November 13, 2024

Canada Startup Visa offers Permanent residence to Entrepreneurs

Canada’s new Start-Up Visa scheme is the first of its kind in the world, linking immigrant entrepreneurs with experienced private sector organizations that have expertise in working with start-ups.

Successful applicants to this program will be able to immigrate to Canada as permanent residents with no conditions attached to the success of their business. The minimum investment is only $75,000

  • Strong economic growth
  • Low taxes and low business costs
  • Excellence in research and innovation
  • Top quality of life
  • Canadian passport is one the best passports in the world

The Startup visa scheme is one of the cheapest and best immigration programs to immigrate to Canada for young entrepreneurs and innovative business startups. It is a better alternative to Quebec QIIP immigrant investor program.

Startup Visa Investment

  • If the investment comes from a designated Canadian angel investor group, you must secure a minimum investment of $75,000.
  • If the investment comes from a designated Canadian venture capital fund, you must secure a minimum investment of $200,000.

Before applying, you will need to secure a commitment from a designated Canadian angel investor group or venture capital fund to invest in your business idea. A list can be found online at cic.gc.ca/startup.

For Startup Visa, you not required to invest any of your own money. The minimum investment required is an investment that comes from a designated Canadian venture capital fund or angel investor group.

The Government of Canada does not give financial support to new Start-up Visa immigrants. The funds required to support each additional family member is $3,361.

 

Prabhu Balakrishnan
Prabhu Balakrishnan
Founder of Citizenship by Investment News. Chief Editor with over 15 years experience in PR and News publishing. He Loves writing about citizenship, residency and wealth migration. CIP Journal is a Leading publication founded in 2017 bringing latest news from CBI/RBI market.

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