What are the Benefits of Canada startup Visa for Indians?

 

Are you an entrepreneur planning to settle in Canada? If yes, then a Canada Startup visa is all you need to make your dream true. The government of Canada launched the startup visa to attract foreign entrepreneurs worldwide and provide them with the necessary funding to establish their unique business ideas in Canada. In exchange, Canadian banks will support these businesses while adding value to the country’s economy and generating employment opportunities for Canadians.

                  

The applications submitted under the startup visa are generally processed faster. The majority of eligible applications get approved within weeks. The startup visa provides permanent residency status to the visa holder, leading to citizenship.

 

Eligibility for Canada Startup visa

 

Before applying for the startup visa program, a candidate must fulfill four eligibility requirements. They are:

·        They must have a qualifying business;

·        Obtain a letter of commitment or support from any designated organization in Canada

·        Have sufficient unencumbered, available, and transferable settlement funds

·        Demonstrate sufficient proficiency in English or French language

·        Show that you have enough money to support yourself and any dependents once you arrive in Canada. 

 

Designated Organizations for Startup Visa in Canada

 

To prove your eligibility for a Canada investor visa, you must submit a Commitment Certificate and a Letter of Support stating that a designated organization in Canada supports your business idea. The document will cover all relevant details related to your business and other arrangements with one or multiple organizations. Unlike federal and investor visa programs, where applicants invest their own money, the startup visa has no minimum investment requirements.

 

Instead, those fulfilling the eligibility must secure at least $75,000 from a Canadian angel investor or a minimum of $200,000 from a Canadian venture capital fund. If your application is accepted into a Canadian business incubator, no investment is needed.

Five applicants can apply for permanent residence under the Canada entrepreneur visa program. However, some candidates may be designated essential to the business. If any crucial applicants withdraw their application or get refusal, all other applicants will also have to face termination. 

Benefits of Canada Startup Visa

·        No age limit

·        Live, work, and study in Canada with no limitations.

·        The investor and their family members can move freely anywhere in Canada.

·        It takes around 12-18 months to get a PR visa in Canada.

·        Universal healthcare, social benefits, and free education for children up to a specific age

·        Safe and secure environment

·        Easy access to the USA and other global markets

·        Loans at cheaper interests to support business operations.

 

Are you interested in applying? Don’t wait. Visit us for a free evaluation, and let’s together begin your life-long journey to Canada.

How much do I need to invest in obtaining a PR in the UK?

 The UK's Tier 1 Investor Program permits foreign investors and highly talented individuals to come to the UK by making some substantial investments in the country's economy. The UK investor visa, also known as Tier 1 visa, is the fastest and the safest option to get permanent residency status in the UK within ten weeks. The prospective investor must invest at least £2 00,000 in the British corporate bonds, share capital, or loan capital to qualify.

It's an ideal pathway for investors with free capital and a desire to secure British citizenship.

Key benefits of UK Tier 1 investor visa:

The UK Tier 1 visa comes with several benefits, including:

·        Work, live, study, or carry out business activities in the UK

·        Apply for ILR after two years after investing £10 million

·        Apply for ILR after three years if you invest £5 million

·        Apply for ILR after five years if you invest £2 million

 

What can you not do?

 

·        You are not allowed to direct investment in companies dealing in property investment.

·        Invest in companies outside the UK

·        Receive public funds

 

Successful applicants can live in the UK for three years and four months. Once the validity expires, you may apply for an extension for two years. After five years, you may apply for an Indefinite Leave to Remain, and after one year, you become eligible for British citizenship. The Tier 1 Investor visa allows you to move to UK permanently.

 

Who is eligible for the Tier 1 investor visa?

To apply for the Tier 1 visa, you must:

·        Be 18 years or above

·        Be from outside the European Economic Area & Switzerland

·        Be able to invest at least £2 00,000 or more in either UK corporate bonds, share capital, or loan capital.

·        Prove that the investment funds belong to you/your spouse.

·        Have a bank account in the UK

·        Have sufficient funds to finance yourself in the UK.

 

Documents you need to apply for the Tier 1 visa

 

·        Copy of current passport and other valid documents

·        Documents related to marriage, divorce, and adoption

·        Recent passport-sized photos

·        Copy of Tuberculosis report

·        A criminal record certificate for any county you have lived for over six months.

·        Evidence of required investment and source of funds.

There are endless reasons to apply for a UK business visa and secure residency in one of the world's most powerful economies. The tier 1 visa unlocks the door of promising opportunities to foreign entrepreneurs planning to reside and ultimately gain citizenship in Britain. Don't hesitate to contact us today for free counseling to know the process and learn more about the UK entrepreneur visa.

How much money is needed for EB-5?

 The EB-5 immigrant investor visa is a U.S Federal Program launched in 1990 that permits foreign entrepreneurs and their immediate family members to relocate to the United States permanently. By investing a specific amount in a business project that generates at least ten full-time jobs for Americans, a person can obtain a Green Card within 24-36 months through the EB-5 visa pathway.

EB-5 immigrant investor visa aims to stimulate the U.S economy through foreign investment and job creation. The EB-5 visa process has yet to be reformed and reauthorized by the U.S congress. The program expired on June 30, 2021, and expects to reschedule for February 2022. Till then, we can only hope for a positive outcome for prospective investors planning to start a new life in the U.S.

Benefits of EB-5 Investor Visa

EB-5 visa offers several benefits to investors, including:

·        Green card for the investor, their immediate family members, spouse, and children under 21

·        Pathway to the U.S citizenship

·        Work, study, travel, and live anywhere in the United States

·        Establish a business with no restrictions

·        No language requirements

·        It is the fastest, reliable, and most straightforward way to get a Green Card.

EB-5 Visa Investment Requirements

The U.S government is quite particular about the EB-5 investments as they must align with the job creation requirements. How much money you need for the investment depends on the location of your business or project that will stimulate employment opportunities in the Targeted Employment Area (TEA). Until November 2019, the minimum qualifying investment was $500,000 for candidates investing in a “targeted employment area,” usually a rural area or a high unemployment area.

But in November 2019, the authorities made some amendments in the investment amount from $500,000 to $9 00,000. The government cited inflation as the leading cause of this increase. On June 23, 2021, the minimum EB5 visa cost changed back to $500,000.

The initial investment must be in a new commercial enterprise. The investment must be $900,000 (USD) in a Targeted Employment Area or $1.8 million in a non-TEA area. The investor must submit appropriate documents in their I-526 petition to prove their capital for the investment. The amount earned must come through lawful resources.

While the applicant invests $900,000 or $1.8 million in a new commercial enterprise, they must invest an additional $50,000 to $80,000 as administrative fees.

The initial EB-5 Green Card is conditional and temporary. Once the two-year period of conditional residency ends, the investor is required to prove that the investment was maintained and at least ten jobs were created to obtain permanent residency status in the U.S. 

How to Get an EB-5 Green Card?

To get an EB-5 visa, you must submit the following documents:

·        The petitioner must include bank statements for up to three years for all bank accounts

·        Deeds and mortgage documents for all owned properties, including all purchases and sales documentation.

·        Documents proving ownership/companies held, and business registration.

·        In the last three years, documents related to previous investments such as stocks, securities, and bonds.

·        If applicable, proof and confirmation of employment, employment contracts, or professional licenses.

·        Documents related to any received inheritances.

 

Kick-start your EB-5 visa process from India with us. Schedule a free counselling today to know how we can help you obtain your Green Card. Contact us to know more about the EB-5 Program and to achieve your American dream.

Why Ireland Startup Visa is becoming so popular?

 Launched in 2012 by the Irish government, Ireland start-up visa permits innovative and ambitious foreign entrepreneurs to establish their business idea in Ireland and live in the country permanently. Ireland is a hub of dynamic opportunities and provides a solid platform for entrepreneurs setting up their businesses in this beautiful country. Abhinav Immigration Services can carve out the perfect visa process with our dedicated and professional immigration support.

Who can apply?

You may apply for the Ireland start-up visa if you:

 

·        Have the required €50,000 funding available

·        Have an innovative business idea

·        Have good health and character

·        Can generate at least ten jobs

·        Business must be managed by experienced managers

·        Have the potential to create at least €1,000,000 in sales within 3 to 4 years 

Applicants can derive the funding from their resources, a business loan, business angel, venture capital, or grant from an Irish state agency.

Benefits of Ireland-Start-up visa

·        The residence permit allows individuals to live and work for two years in Ireland.

·        Low corporate tax

·        Move to Ireland with your family

·        Low Investment requirement of EUR 50,000

·        High living standards

·        Visa-free travel to 172 countries

·        One of the most valuable passports in the world

·        Access to high-quality education and healthcare benefits

·        Apply for long-term residence after five years

Documents Required

·        Business Plan

·        Original and photocopy of passport

·        Two passport-size photos

·        Original or Certified copy of Marriage Certificate (if applicable)

·        Original or Certified copy of Birth Certificate (if applicable)

·        Statement of Source of Funds

·        Evidence of funds available

·        Original Police Clearance Certificate

·        Receipt of payment of fees

Conditions attached to your business 

To get the Ireland business visa, you must:

·        Establish the business as outlined in your application

·        Work on this business on a full-time basis

·        You are not permitted to be employed in any other capacity

·        Not become a financial burden on the Irish State

·        Have a clean criminal record

How Abhinav can help?

Abhinav Immigration Services can assist you to evaluate your best possible options. Our services include:

 

·        Fast, transparent, and professional services

·        Document evaluation and business plan drafting

·        Forms, documentation & application filing

·        Regular updates and follow-ups

Experienced and highly knowledgeable team