
introduced by the Canadian government, is dedicated to attracting both experienced and aspiring business professionals and entrepreneurs to Canada start-up visa. Initially, the program was announced as a pilot program, but the pathway is now a permanent route under the Federal Program. Applicants are granted permission to set up business on Canadian soil and attain permanent residency for the entire family. Every year, new startup professionals worldwide bring new ideas and businesses into the Canadian Startup Ecosystem, which supports the economy and generates employment for Canadians.
According to the program’s quota, Canada has an annual quota of 2750 applications under the startup visa for the startup visa aspirants.
Number of Family Members | Funds Required |
1 | CAD 13,213 |
2 | CAD 16,449 |
3 | CAD 20,222 |
4 | CAD 24,553 |
5 | CAD 27,847 |
6 | CAD 31,407 |
7 | CAD 34,967 |
For each additional family member | CAD 3,560 |
What is the step-by-step process of a Canada Start-up Visa?
Some may have confusion about what is startup visa in Canada, but once you understand the requirements and complete the above-mentioned process, you can easily crack the process
Canada startup visa processing time can differ from case to case: however, the average documentation and process time will take around 6-12 months. Furthermore, considering the immigration authorities’ processing time, it can take a total of 12 to 18 months, depending on the case.
What is the Canada Startup Visa fees?
Miscellaneous Expenses:
Canada Start-up Visa Incubator
1) Angel Investors – this group should invest at least $75,000 into your business.
2) Venture Capital Fund – it should confirm an investment of $200,000 into your business.
3) Business incubator – The applicant must be accepted by the designated Business Incubator into its program.
BusinessImmigrationvisas.com, a business immigration division of Abhinav Immigration Services, specializes in all Canadian business visa pathways such as startup visas, entrepreneur visas, investor visas, Self-employed programs, and intra-company transfer visa. Abhinav holds more than 27 years of industry experience armed with talented Immigration Specialists, and business associates – specializing in Start-up programs and services of an RCIC Member. We excel in:
To know more, connect with us through a call on +918595338595 or mail us at [email protected]. We will be more than happy to assist you.
Q1. How do I get a Canadian Startup Visa?
You can achieve Canada Startup Visa by following the step-by-step process of the program. First, you need to have a unique business plan that can generate revenue and employment in Canada, then acquire a letter of support and investment from the investment bodies with your business plan, set up a business in Canada on a temporary residency permit, and apply for permanent residency under start-up visa.
Q2. How can I apply for Canada Startup Visa from India?
You can apply for a startup visa once you have successfully attained a letter of support from the designated investment body, acquired investment from these bodies, and established your business in Canada. The Canada start-up visa processing time is much quicker than other entrepreneur programs, which clock at 12 to 15 months. You can submit the application by supporting all the relevant documents to the immigration authority.
Q3. How much do I need to invest to get a Business Visa in Canada?
If you choose the investment body of a Venture capital fund, you need to acquire a letter of support and an investment of CAD 200,000 with the help of your business plan for a startup visa. From the Angel investor group, you need a minimum investment of CAD 75,000. Interestingly, under the Business incubator program, you do not need to acquire investment but need approval from the body under the Canada Startup Visa.
Q4. How do I open my own startup in Canada?
Considering the confusion about what is start-up visa Canada, people often seek the help of business visa consultants. And, it becomes easy for the startup visa process from inception, documentation to successful PR grant. And, these consultants can help you set up your own startup in Canada with the help of their networks and association with the investment bodies. These designated bodies provide all the strategic support and networking to help establish your business in the country.
Q5. How much money do you need to show for your Canada visa?
Start Up Visa Canada program guidelines does not require you to demonstrate minimum net-worth. However, you must show minimum settlement funds to support your initial stay in the country. Below is the minimum funds required:
Number of Family Members | Funds Required |
---|---|
1 | CAD 13,213 |
2 | CAD 16,449 |
3 | CAD 20,222 |
4 | CAD 24,553 |
5 | CAD 27,847 |
6 | CAD 31,407 |
7 | CAD 34,967 |
For each additional family member | CAD 3,560 |