Want to bring your business idea to fruition? As an entrepreneur, all you need is a great idea and a platform that helps you get your business in the limelight, which is why an economically prosperous and progressive international business hub like Canada has launched its Startup visa program. This program has been designed to attract highly talented entrepreneurs who can start a venture in Canada with their skills, business expertise, and insight.
Though few of them arrive in Canada with the Canada startup visa, the ones who do are gifted with a high business caliber, who can put in a significant amount of human capital, also known as investment. Along with this, factors such as age, educational qualification, and proficiency in English or French language are also considered during this Canada startup visa program’s processing procedure.
Canada Startup Visa program was launched in 2018 as a pilot program built from strength to strength. In terms of Canadian immigration, this program’s purpose has been to hire innovative Canadian entrepreneurs and connect them with private sector investors (angel investor groups, venture capital funds, or business incubators) to establish their business in Canada. For this, the applicants choose to arrive in Canada with a work permit before making it to permanent residence.
In 2019, the total number of applicants entering Canada via the Start-up visa program reached as much as 510, which was more than double that were invited in 2018. This figure has just shot up in the last five years. For an entrepreneur with a viable startup business project, it can take 4-6 months to get a commitment certificate or letter of support from a designated entity.
Once you have got the letter of support, you can apply for permanent residence in Canada. It will take an approximate duration of 18 months to finalize the application for permanent resident visa issuance.