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The Start-up Visa Program allows you to immigrate to Canada as an entrepreneur with skills and potential to build businesses in Canada that can contribute to the economy by creating jobs for Canadians, while being innovative and competitive on a global scale.
The eligibility criteria for the program are quite stringent with respect to the voting rights attached to the shares of the corporation. This program also requires you to furnish a Letter of Support from a designated angel investor or venture capital fund or business incubator along with your application, in addition to a commitment certificate sent directly to CICC by the designated organization.
A minimum language requirement of CLB 5 in English or French is required in addition to proof of sufficient settlement funds.
Up to 5 applicants can apply under the same business, each holding at least 10% voting rights and jointly more than 50% voting rights along with the designated organization.
If an essential applicant is rejected, then all other applicants stand rejected as well.
The Government of Canada does not give financial support to new start-up visa immigrants, and as such sufficient proof of funds is necessary to process your application.