The business immigration startup visa program of Canada is predicted to become a favorable financing alternative for the startup firms all over Canada in the next year.
Over many previous years, the business immigration programs were removed with the cancelation of the previous Immigrant Investor Program and Entrepreneur Program. It was replaced by Startup Visa Program and small Investor Venture Capital Program launched in the year 2014.
Industry experts believed that the federal Start up Visa Program with the yearly quota of 2750 applications can realize a possible yearly market capitalization beyond $800 million during the next three to five years and become a key alternative to the Quebec Immigrant Investor Program.
This Federal Start Up Visa Program grants permanent residency of Canada to the potential immigrant businessmen. The program looks to lure modern entrepreneurs to Canada and associate them to the private sector businesses of Canada via a government approved venture investment finances who would act as facilitators for the establishment of their startup business in Canada.
The program works under three stages. Under the initial stage, the investor is coordinated with the appropriate qualifying business. In the second stage, the applicant would rapidly get a temporary work permit. Under the third and the final stage, the investor and the family members would get the permanent residency of Canada. Present processing delays are six months to get visas.