Getting the Permanent Residence (PR) status overseas is something that attracts many, rightfully so. You may become a resident using any of the PR Visa options offered, especially the ones related to business and investment. Canada Business Visa is a very good option to become a permanent resident in the country inside a short period of time and with ease.
The overseas immigration motivated business people follow the economic development of many well-developed countries. And, among the many developed destinations, Canada is one place whose economy is closely followed by many business people across the world.
The Maple Leaf Country is one of the wealthiest places in the world and offers high standard of living and quality lifestyle not only to its citizens but to the migrants as well. Its ninth largest economy in the world is stable and growing at considerable rate. Its economy is largely dominated by service sector even while the nation is a member of many well-known international organizations, such as WTO, OECD, G7, G20, etc.
When many other nations are living under the fear of economic slowdown and have made the pathways for overseas business aspirants stringent the Maple Leaf Country continues to welcome the migrants, and so no wonder it’s a perfect place for business.
Why Canada is a best place to start a business?
Numerous factors make the destination, perhaps, the best place in the world for launching and maintaining a profitable business overseas.
Let’s check some of them here!
- It is a world leader in many industries, such as Aerospace, Agriculture Automotive, Petroleum, Information Technology (IT), etc.
- It has low business cost and low cooperate tax rate.
- Here the R&D is pretty strong. It means you get cutting-edge technology and know-how to run and boost your business.
- It has numerous well-developed financial institutions tailored to fulfill the specific needs of the investors and businessmen.
- The country’s doors are wide open to international market that can be accessed easily.
- It has skilled and well educated workforce.
Start Up Visa
The category aims to attract those business people and entrepreneurs who want to start a business in here– either as a full or part time basis. A maximum of five people can apply for the same condition and each participant must possess at least 10% voting rights, and the primary applicant’s share must be more than 50%.
Business Terms & Conditions
To be eligible, the applicant must fulfill several requirements. Besides the number of participants the business proposal must be supported by at least one eligible investment group, business incubator programme, or venture capital funds. To prove, the letter of support must be attached with the visa application.
The participants must be fluent in one of the two national languages, i.e., French or English. To prove, test results must be submitted for one of the following language tests:
- The Test d’évaluation de français (TEF), or
- The Canadian English Language Proficiency Index Program (CELPIP), or
- The International English Language Testing System (IELTS)
Funds necessary to continue business
Participants must have sufficient funds to cover their expenses. This must include the expenses of their family members as well. To illustrate, a bank statement along with other documents are required. The amount of funds required varies depending upon the number of the applicants travelling.
The following table will give you details of the funds required per traveler for the Start Up Visa.
|No of family members including primary applicant as well||Funds required|
|1||Canadian Dollars 11,913|
|2||Canadian Dollars 14,853|
|3||Canadian Dollars 18,260|
|4||Canadian Dollars 22,170|
|5||Canadian Dollars 25,145|
|6||Canadian Dollars 28,359|
|7||Canadian Dollars 31, 574|
If you wish to know more about the Start Up Visa or Canada Business Visa, get in touch with a professional and experienced Canada Immigration Consultant!
Write an e-mail to email@example.com along with your updated CV for us to evaluate your profile and reach you to assist you with your query.
Summary: Start Up Visa is a good option if you wish to acquire Canada Business Visa. Besides, there are many other excellent visa options offered by the Immigration, Refugees and Citizenship Canada (IRCC).