Developing business with a work permit under Canada Start-up Visa
Canada Start-up Visa: Do you wish to set up your business in Canada? The federal program of Canada Start-up Visa offers a unique opportunity to launch your new business in Canada without any minimum net-worth or direct investment. After applying, you can move to Canada on a work permit while awaiting the decision on the application. Then, with a letter of support and commitment certificate from designated authorities, you can set up your start-up venture in Canada by following proper channels.
The work permit under the Canadian Start-Up Visa Program will allow you to work as an entrepreneur to initiate and develop the product and your business, as mentioned in the commitment certificate. Most of the work permits are employee and employer-specific for employment. However, according to the CIC guidelines, there is a provision for the work permit that supports the business, which is significant to social, cultural, or economic benefits to the country. Or, the company provide jobs for Canadian citizens or permanent residents of Canada
The permit will be valid for one year while you wait to approve your Canadian permanent residency application. The decision on your Canada PR will be made within 12-18 months. But if it takes more time, then you have the provision to extend your work permit. In addition, you can include your family, including your spouse and children below 18 years, under the work permit application under Start-up Visa Canada.
You can set up your business with the help of the business incubator or your chosen designated body. The business incubator runs an education program for all the applicants with a nominal fee which provides mentorship and help in getting offices spaces, networking with mentors, advisors & investors, infrastructure assistance, shared services, regulatory compliance, loans, and strategic partnerships.