Why is Canada Startup Visa best for businessmen in India?

If you are an entrepreneur or investor or even a skilled professional who wishes to migrate to Canada, then - Canada startup visa is your abode. According to several statistics and reports, Canada is the number one country in terms of quality of life coupled with a stable political system, a secure banking system, a clean environment, less population, free public health care, and public education system. Considering the business possibilities, Canada is a growing startup and business hub concentrated on the main cities such as Toronto, Vancouver, Montreal, Ottawa, Calgary, etc. According to the stats, Toronto has the second Largest Startup ecosystem only after Silicon Valley in North America. 

What are the features of this program?

• It is a new business immigration permanent resident program that replaced the old Quebec passive investor program.
• The program does not entail a minimum investment, and there is no net worth requirement as well
• You need to acquire investment from the designated investment bodies and their letter of support
• Unlike PNP business immigration Canada, the applicant can choose to live and conduct business anywhere in Canada
• No need for degree-level education or any business management experience
• You only need to score five or higher on the English language IELTS test
• Provision to apply solo or as part of team of applicants up to 5 members
• After three years of permanent resident, you can become eligible for Canadian citizenship
• After three years of permanent resident, you can become eligible for Canadian citizenship

How does the Canada Startup Visa Program Work?

• Must have an innovative business idea to set up a business in Canada
• Must develop a viable business project that can generate employment and contribute to the economy
• Meet the due diligence requirements of any of the three government-approved designated entities:

1. Get support of a Designated Venture Capital Fund Group to invest minimum CAD 200,000 in your project/business, Or
2. Get support of a Designated Angel Investor Group to invest minimum CAD 75,000 Canadian) in your project/business, Or
3. Get approval from the Business Incubator Program that will work with you to prepare a business plan for the project. It is the most popular option wherein the applicant must make a payment to the incubator to help in the business plan and further guidance for Canada Business Visa..

• Applicant must have a minimum of 10% of the Canadian company's voting shares for the incorporation. No other person can hold 50% or more of the voting shares.
• If you meet the requirements, you will get a letter of support or a commitment certificate from designated bodies.
• The entire process will take 16 to 18 months for permanent residency.

If you wish to set up a business in Canada and enjoy permanent residency, you can opt for free counseling and guidance on Canada Startup Visa. For more details, reach us @ 8595338595 or on web@businessimmigrationvisas.com.