Canada offers a Start-up Visa program which allows investors to obtain a permanent status in Canada for themselves and their families while targeting entrepreneurs with skills to build certain businesses in Canada and create jobs for Canadians.
- Make the necessary investment starting at USD 190,000
- Investor needs to have a minimum 10% shares in a federally approved company in a specific industry identified by the government.
- A total of five investors can apply as owners of one company; with one investor chosen as the head of the company (Best-suited for the position as per investor’s qualifications).
- Previous business ownership and management is an asset but not required.
Benefits of Canada Start-up Investor Program
Employment Insurance Benefits and Leave such as maternity, parental, sickness and caregiving.
Family and Caregiving Benefits that help with the costs of raising children, that includes children with disabilities.
Canada Pension Plan: Old Age Security pension and other related benefits.
Student Aid and education planning.
Housing Benefits such as new housing rebate, financial assistance to repair your home, improve accessibility of housing for disabled occupants, and increase your homeland’s energy-efficiency.
Disability Benefits including disability pensions and children’s benefits, savings plans and a gasoline tax refund program.
Investors can extend the application to family members who are dependents such as spouses and children under the age of 22.
Applicant must hold a valid passport.
Applicants must not hold a criminal record.
Investors will incorporate a start-up business with a Canadian government approved angel investor. Applicants must pass an interview with the Angel Investor in order to obtain the letter of support.
Applicants must provide documents supporting the source and path of the declared funds for investment.
Children must be 22 years old or less.
Applicants must hold moderate proficiency in English or French: CLB5.
The Start-up Visa Program is part of the Economic Business Class immigration category which has been established by Canada’s Immigration and Refugee Protection Act (IRPA). Under subsection 14.1(1) of the IRPA, this program connects Canadian business organizations including Angel Investors with entrepreneurs who are interested in obtaining a Canadian PR and who have the required skills to build innovative businesses in Canada.
Visa Free Travel
Turks and Caicos Islands
*Visa upon Arrival / ** E-visa
Timeline and Procedure
Questionnaire to be submitted by the investor after assessing with the lawyer and preparing the business plan
Application is matched with an angel investor
Investor has to meet with the angel investor and get approval
Letter of support to be issued by the angel investor
Application for permanent residence is submitted for the family
Investor can apply to get a work permit after the interview approval and before submitting the PR application