The business immigration start-up visa program of Canada is predicted to be more popular financing alternative for the latest firms all over Canada in the year 2016.
Over the previous few years, there has been a number of amendments in the business immigration program in the nation with termination of immigrant investor program and the entrepreneur program.
Both these programs have been replaced by the Startup Visa Program and the immigrant investor revenue capital program that were started in early 2014.
Insiders of the industry believe that the startup visa program which has got yearly quota of around 2,750 applications can realize the potential yearly market capitalization beyond $800 million during coming three to five years.
Under the program, investor who seeks to start a fresh business get Canadian PR, and it targets to lure innovative businessmen and connect them with the private sector businesses of Canada via government approved angel investor groups. Business incubators or venture capital funds who would act as the facilitators for establishing the startup business in Canada.
Under its initial state, an investor is coordinated with suitable qualifying business. Under second stage, the successful applicant would get temporary work permit. Under the conclusion stage, the approved investor and its family members would get the Canadian PR.
Other alternatives include investing in Venture Capital Fund, minimum of $2,00,000 in the business and a business operating in Canada that meets qualifying business criteria in which the investor owns the voting rights of at least 10% or more.
It is vital to have better business background and sufficient unencumbered, transferable and available funds for carrying out the investment and settle down in Canada.
The investor applicants with the submitted applications could expect to get the decision on the applications for the job permit in one or two months and could expect to get the PR in six months.
The program is presently the fastest route to Canada for the business investor and family with the appropriate qualifying business, and there is no conditions attach to the immigrant visa when compared to the Provincial Entrepreneur Program.