Start-up Visa Introduction
Canada’s Start-Up Visa Program is the first of its kind in the world.
With the Start-up Visa, Canada is targeting a new type of immigrant entrepreneur who has the potential to build innovative companies that can compete on a global scale and create jobs.
The Start-Up Visa Program is a five-year pilot program and is limited to no more than 2,750 applications per year.
There are many reasons why Canada is the best place to build your business.
Canada’s advantages include:
A strong economy
Low taxes and low business costs
Excellence in research and innovation
Top quality of life
Prove your business venture or idea is supported by a designated organization A Letter of Support from a designated angel investor group, a venture capital fund or a business incubatorv Meet the language requirements IELTS (General Training)5, Reading 4v At least one year post-secondary educationv Dependent unmarried children at the age of 19 or below, legitimate spousev Have sufficient settlement funds An adequate amount of money in order to settle and provide for the cost of living prior to earning an income
To apply for a start-up visa, your business idea or venture must obtain the support of one of the designated organizations.v Organizations select which business proposals to evaluate. If an organization decides to review your business proposal, it will assess your business’ growth potential and viability. Each organization has its own intake process and evaluation criteria.v If an organization chooses to support your business idea, they will provide you with a Letter of Support.v Empowered Startups Ltd. is one of the designated organization.
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