Startup Visa
The startup visa is an initiative that the Canadian government offers to all proficient entrepreneurs to lay the foundation of their businesses in Canada and maintain it. All the enterprises qualified under the startup visa must have the potential of creating jobs for Canadians and have a competency of scaling up, meeting the global standards.
Eligibility Criteria
The following factors make you eligible for a Startup Visa
You must have secured a positive nod from Canada's designated organizations that may be angel investor groups, venture capitalists, and business incubators. A letter of acceptance would be required to make you eligible for immigration to Canada.
You must have the required proficiency in English from an approved institution You need to score 5 in reading, listening, and writing as per the minimum level defined by Canadian Language Benchmark.
You must have ample funds to support yourself in setting up your business and achieving its goals. The government of Canada does not offer any financial support to entrepreneurs in case of startup visas. Therefore, you must have a record to showcase that you have enough money to set up your own business in Canada.
You must hold 10 percent of the voting rights in order to meet the ownership requirements to apply for a startup visa.
Considering a business setup in Canada? Establish a business that you dreamt of by applying for the Startup visa and get to the path of glory and success.
