Start Up Visa Program in Surrey- Launch Your Business and PR in Canada
The Start Up Visa Program in Surrey is an initiative designed to attract innovative entrepreneurs from around the world who have the potential to build dynamic, scalable businesses that can compete on a global scale and create jobs in Canada.
Launched in 2013, this vital program offers a pathway for entrepreneurs to obtain Canadian permanent residency by securing support from designated Canadian venture capital funds, angel investor groups, or business incubators.
What is it for?
The Startup Visa Program in Surrey aims to leverage the entrepreneurial talent pool worldwide to stimulate job creation, innovation, and economic growth in Canada. A PNP consultant in Surrey, BC can help navigate this process. By attracting innovative startups and promising entrepreneurs, the program seeks to position Canada globally as a leading destination for entrepreneurship. A startup business can have up to five entrepreneurs.
Who is it for?
Speech a viable business idea or plan to a designated Canadian venture cap fund, angel investor group, or business incubator that is innovative, scalable, and has the potential to create jobs and compete internationally. These organizations evaluate the potential of the business idea.
Demonstrate proficiency in English or French through designated language tests. Show that you have sufficient funds to settle in Canada and support yourself and your family. Demonstrate a sufficient net worth and investment capacity. You must have completed at least 1 year of post-secondary education or higher. Meet Canadian eligibility requirements, including security and health checks.
Secure a Letter of Support from a Canadian-designated organization. Once they obtain a LOS, applicants can submit their permanent residency application to IRCC. The application includes various forms, supporting documents, and proof of eligibility.
IRCC conducts security, criminality, and medical screenings to determine admissibility to Canada. In some cases, IRCC officers may require applicants to attend an interview. Entrepreneurs and their families receive permanent residency status in Canada if the application is approved.
Benefits of the Startup Visa Program
- Successful applicants and their families receive Canadian permanent residency.
- Entrepreneurs have access to funding and support
- The program attracts talented entrepreneurs from around the world
- Entrepreneurs can benefit from networking opportunities with other startups, investors, mentors, and industry experts;
- Canada offers residents and their families a high quality of life and cultural amenities.
Exclusions
Not all business ideas or ventures will qualify for the program.
Work Permit
Entrepreneurs applying under the Start-up Visa Program are eligible for a temporary work permit while their permanent residency application is being processed in Canada. It allows them to come to Canada, establish and operate their startup, and gain valuable business experience in the Canadian market. Consult a PNP Consultant in Surrey, BC.
