How Can Non-Residents Establish Businesses in Canada?
Yes, Non-Residents can start their own idea and put them to action with the Canada business visa called the start-up 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 in replacement of the earlier Canada Entrepreneur program.
As an immigrant entrepreneur with a Canada business visa, you should be able to showcase that your business idea is unique and will be able to generate jobs in the local area as well as recruit people from the local population. For eligibility, for the Canada Start-up Visa, the person applying holds a minimum of 10% of the voting rights which are attached to all shares of the company.
Along with this, you must hold a letter of support from a designated entity such as venture capital funds, angel investors or in the form of business incubators along with a Canada business visa minimum investment. For this, you must be able to pitch your business idea in a correct manner and be able to convince the entities to buy the idea and support it for you to immigrate to Canada.
A successful pitch means that you receive a letter of support from the designated organization. And do not forget to take the language tests from an approved agency and showcase that you have the potential to meet the minimum level of the Canadian Language Benchmark (CLB) 5 in either English or French in the areas of speaking, reading, listening, and writing.
Have a dream to set up or establish your own business in Canada as an entrepreneur? Canada start-up visa allows you to do that with just a minimum investment. What more when as a businessman via this start-up visa program you can even apply for permanent residency? Want to know more? To know more about starting a business and the process for Business Immigration, you can sign up for free counselling. You can call us at 8595338595 or [email protected]. To know more about Immigration visit www.abhinav.com.