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Sadi was successful in securing a letter of support for the start up visa for Canada. In this series, we interview the successful applicants so you can learn about what is required to get the start-up visa. The success rate for the start up visa in Canada is very high for those who get a letter of support.
Canada’s Start-up Visa Program targets immigrant entrepreneurs with the skills and potential to build businesses in Canada that:
1. are innovative
2. can create jobs for Canadians
3. can compete on a global scale
Do you have an innovative business idea? If you can get support for your idea from one of the designated organizations, you may be able to immigrate to Canada.
Who can apply?
To be eligible for the Start-up Visa Program, you must:
1. have a qualifying business
2. get a letter of support from a designated organisation
3. meet the language requirements
4. bring enough money to settle
5. Have a qualifying business
6. A qualifying business means you created a business that meets the following conditions.
At the time you get a commitment from a designated organisation:
1. each applicant holds 10% or more of the voting rights attached to all shares of the corporation outstanding at that time (up to 5 people can apply as owners)
AND
2. applicants and the designated organisation jointly hold more than 50% of the total voting rights attached to all shares of the corporation outstanding at that time
At the time you receive your permanent residence:
1. you provide active and ongoing management of this business from within Canada
2. an essential part of the operations of the business happens in Canada
this business is incorporated in Canada
Get a letter of support from a designated organisation
You must get a letter of support from a designated organisation (a business group that has been approved to invest in or support possible start-ups).
You’ll need to:
1. contact the designated organisation to find out how to get its support
convince the organisation that you have a business idea that is worth supporting
2. get a letter of support from the designated organisation
The process to pitch your idea is different for each organisation. Each organisation has its own requirements. For example, you may be asked to present your business concept in person or submit a detailed business plan.
If you reach an agreement with a designated organisation, it will send you a letter of support. You need to include this letter when you submit your application. This is the proof you need to show that the venture capital fund, angel investor group, or business incubator is supporting your business idea.
The organisation will also send a commitment certificate directly. We’ll use both your letter of support and the organisation's commitment certificate to assess your application.
Did you know?
While your application for permanent residence is being processed, you can apply for a temporary work permit to get to Canada and start building your business.
Meet the language requirements:
The ability to communicate and work in English, French or both languages will help your business succeed in Canada.
You must take a language test from an approved agency and include the results with your application.
You must meet the minimum level of the Canadian Language Benchmark (CLB) 5 in either English or French in all of these four areas:
speaking
reading
listening
writing