Startup visa for entrepreneurs is proving popular in Canada

May 12, 2016
According to the latest immigration statistics, it has revealed that many entrepreneurs from foreign are visiting Canada on its startup visa program.

Startup visa for entrepreneurs is proving popular in Canada

As per the inputs from the officials, as a consequence the advantages are increasing the development and prospects to middle class families all over Canada.

At the start of this Month, around 51 entrepreneurs has become Canadian permanent residents through this program, and as of now they represent around 26 startup firms that has been started  or would be started.

The establishment of business in communities all over the Canada includes Halifax, Sydney, Toronto, Thunder Bay, Waterloo, Calgary, Vancouver, Whistler and Victoria.

The statistic has also revealed that this startup visa program is pulling applicants from many nations like China, Egypt, Costa Rica, Iran, India, Uruguay and South Africa and all over industries that includes manufacturing, technology, medical research, human resources, banking and advertising.

This five year pilot program let entrepreneurs who got support of entity in Canada to apply for PR as the set up their firm in Canada.

Applicants require to get a Support Letter from group of angel investor, project capital fund or business incubator and meet the ownership criteria for a qualifying business.

They also need to score a minimum of proficiency in Canadian language in entire four categories for either French or English, and have got sufficient money to settle down and provide living costs before earning an income.

The minimum investment for this program is $2,00,000 if investment had came from designated project capital fund of Canada or $75,000 if investment had came from designated angel investor group of Canada.

Applicants of visa does not require to get an investment from business incubator, but they should be accepted in program of business incubator in Canada.

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