Which city has the best startup ecosystem under Canada Entrepreneur Visa?

 Canada entrepreneur visa is the globally renowned business immigration pathway for talented foreign business owners, entrepreneurs, and investors. The country has carved a niche in the global startup scene wherein it competes with the giants of Silicon Valley. As per the reports, Canada’s economic competitiveness is greater than the U.S which gives them greater flexibility to innovate in the business ecosystem. For any new business under Canada Investor Visa, the startup ecosystem is very essential for the initiation, operation, and success of the business.

What is the startup ecosystem?

The ecosystem comprises of all the stakeholders – including suppliers, competitors and distributors – that propel and attribute to the delivery of the entire business channel. Similar to biological ecosystems, the business ecosystems heavily depends on both competition and cooperation. All the businesses in an ecosystem influence and are influenced by each other.

Why is a startup ecosystem important?

The flourishing ecosystems have transformed the way of business model, operations, and economic value. They have made it possible to show the significance of vendors, employees, and government policymakers rather than only focusing on customer trends and best-selling products. Ecosystems are important to establish a correlation between one other that allows everyone to collaborate and grow together. It develops processes that encourage the flow of concepts, talent, and resources.

 Which city has the best startup ecosystem?

The Toronto-Waterloo corridor is the largest technology hub in Canada and one of the world’s fastest-growing innovation hubs. As per the studies, there are more than 20,000 companies in the Toronto ecosystem including 5,137 startups and tech giants like Twitter and Amazon. Every day there is a new shop or business in opening in the belt due to the highly functional and robust ecosystem prevalent in the city.

 If you wish to start a new business in Toronto, you can apply for a Canadaentrepreneur visa under the Ontario Business Immigration Stream. You need to meet the following requirements:

·  Experience of a minimum of 24 months as a business owner or a senior manager in business management

·     Minimum Net Worth of CAD 800,000 if the proposed business is located in GTA (Greater Toronto Area) and CAD 400,000, if outside GTA

·     Minimum investment of CAD 600,000 if the proposed business is located in GTA and CAD 200,000, if outside GTA

·  Conduct minimum one business-related visit Ontario to establishing or purchasing an existing business in Ontario

To know more on the Canada entrepreneur visa application process, you may call us at 8595338595 or write us on web@businessimmigrationvisas.com for free counseling.

5 things you should know about business Visa Australia subclass 132

More many years Business Visa Australia pathway has been a great contributor in the country’s economy and business environment. Many talented Business owners, Entrepreneurs, Investors and Business Professionals have migrated to Australia and became successful entities in the due course. This enabled the country to improve and enhance its business ecosystem wherein all the vendors, distributors, sellers, buyers, and businesses can grow together.

Here are some factors you should know about subclass 132:

•The pathway is designed for entrepreneurs

Visa subclass 132 pathway is mainly used by the entrepreneurs and business owners who wish to establish or purchase an existing business in Australia. All you need to have a required amount of net-worth in order to conduct business activities in the countries. The nature of these pathways involves the applicant to start and run their own business or purchase and run an existing business that may not be suitable for the investors.

•There are 2 sub-categories under this pathway

Sub-stream 1 - Significant Business History stream – This is the most preferred pathway for the business entrepreneurs as the process is straight-forward. By demonstrating the net-worth and capacity to run a business in Australia, you can apply under this stream.

Sub-stream 2 - Venture Capital Entrepreneur stream – This stream can be complicated as it involves acquiring venture capital funding from the Australian Investment Council (AIC). The required amount must be acquired from this firm.

•There are different amount of requirements

Significant Business History stream

 The net value of minimum AUD1.5 million

 Annual business turnover of minimum AUD3 million

 Total net assets of minimum AUD 400,000 as of the ownership interest in one or more qualifying businesses

Venture Capital Entrepreneur stream

 Must acquire the funding of a minimum AUD 1 million from the Australian Investment Council (AIC).

•The visa comes with many amenities

Under this visa, you can bring your family where they can work and study in Australia. You can also enroll for Australia's public health care scheme – Medicare, sponsor certain relatives, and travel to and from Australia.

•Route to permanent Residency

Under both sub-stream of Business Visa Australia, you can attain permanent residency for a period of 5 years. By staying for a minimum of 4 years in Australia, you will be eligible to apply for Australian Citizenship.

To know more on the Business visa Australia application process, you may call us at 8595338595 or write us on web@businessimmigrationvisas.com for free counseling