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Startup VISA Program (Pemanent Residency)
Eligibility
  • The Business should be Innovative
  • The Business should Create Jobs for Canada
  • The Proposed Project Can Compete on Global Scale
  • Committment Certificate from Venture Capitalist inform of buying equity of $200,000 Or
  • Committment Certificate from Angel Investor buying equity of $75000
  • Or Business Incubator conrming acceptance in one of its program
  • The applicant should have Required money to settle
  • Upto 05 owners or partners with more than 50% rights are eligible
  • Incorporation of Business & operations in Canada should prevail
  • Police Clearance Certificate
  • Medical Exam Clearance
  • Certificates of Educational Certificates Post Secondary & Above
  • Business Plan
LanguageGeneral CELPIP, IELTS for Eng or TEF, TCF for French - Results Min 5
Funds to settleThe applicant Should have $13000 to $30000 + according to family size for living purpose.
IssuanceEntry & COPR (Conformation of Permanent Residency)
Other InformationIn process of startup Visa, U can apply WP for setup There is no requirement of self investment in Startup Business
Committment Certicate

In process of startup Visa, U can apply WP for setup

There is no requirement of self investment in Startup Business

Venture capital funds You must get at least one of these groups to agree to invest a minimum of $200,000:

7 Gate Ventures

Arete Pacific Tech Ventures Corp

BCF Ventures

BDC Venture Capital

Celtic House Venture Partners

Extreme Venture Partners LLP

Golden Venture Partners Fund, LP

iNovia Capital Inc.

Intrinsic Venture Capital

Lumira Ventures

Innovacorp

PRIVEQ Capital Funds

Real Ventures

Relay Ventures

ScaleUp Venture Partners, Inc.

Top Renergy Inc.

Vanedge Capital Limited Partnership

Version One Ventures

Westcap Management Ltd.

Yaletown Venture Partners Inc.

York Entrepreneurship Development Institute (YEDI) VC Fund

Angel investor groups

You must get one or more investors connected to these groups to agree to invest a

minimum of $75,000:

Canadian International Angel Investors

Ekagrata Inc.

Golden Triangle Angel Network

Keiretsu Forum Canada

Oak Mason Investments Inc.

Southeastern Ontario Angel Network

TenX Angel Investors Inc.

VANTEC Angel Network Inc.

York Angel Investors Inc.

Business incubators

You must be accepted into one of these programs:

Alacrity Foundation

Alberta Agriculture and Forestry

Agrivalue Processing Business Incubator

Food Processing Development Centre

Biomedical Commercialization Canada Inc. (operating as Manitoba Technology Accelerator)

Creative Destruction Lab

Empowered Startups Ltd.

Extreme Innovations

Genesis Centre

Highline BETA Inc.

Innovacorp

Innovation Cluster - Peterborough and the Kawarthas

Interactive Niagara Media Cluster o/a Innovate Niagara

Invest Ottawa

Knowledge Park o/a Planet Hatch

LatAm

Business Immigration Program – Start-up Business Class

Canada welcomes successful business people who are seeking new opportunities and challenges. The Business Immigration Program is designed to encourage and facilitate the admission of these individuals. Both the federal and provincial/territorial governments welcome business immigrants and offer services to help immigrants start a business and settle in Canada.

Start-up Business

A start-up business must be a new business intended to be operated in Canada which meets the criteria of a qualifying business, meaning that the new start-up business has received a commitment from:

1. A designated angel investor group confirming that it is investing at least $75,000 in a qualifying business or two or more designated angel investor groups confirming that they are together investing a total of at least $75,000 in such a business

2. A designated venture capital fund confirming that it is investing at least $200,000 in a qualifying business or two or more designated venture capital funds confirming that they are together investing a total of at least $200,000 in such a business; or

3. A designated business incubator confirming that it is accepting the applicant into its business incubator program.

Note: An investment is defined as “buying shares or other forms of equity in the applicant’s business” and

Designated Entity

An angel investor group/venture capital fund/business incubator designated by the Minister and eligible to issue commitments under the Start-up Business program.

Qualifying Business

A qualifying business meets the following requirements:

• A corporation that is incorporated in and carrying on business in Canada is a qualifying business if, at the time the commitment is made, both of the following are true:

  • o Each applicant holds 10% or more of the voting rights attached to all shares of the corporation outstanding at that time
  • o Applicants and the designated entity jointly hold more than 50% of the total voting rights attached to all shares of the corporation outstanding at that time

In order to qualify for the Start-up Business Class, a business should be incorporated and carrying on business in Canada at the time the commitment is made. However, consideration will be made for a qualifying business whose incorporation is conditional upon the attainment of permanent residence by the applicant(s).

Commitment

A "commitment" is an agreement between the applicant and the designated entity to establish and incorporate a qualifying business in Canada. The designated entity must be one which appears in the list of designated private sector businesses. Proof and details of this agreement will be submitted in the form of a term sheet/client agreement along with the Commitment Certificate for the purposes of processing.

Qualified Participant

  • • A person who has been issued a permanent residence document based on their application as a member of the Start-up Business class
  • • A designated angel investor group
  • • A designated venture capital fund.

Essential Person

A person who is considered to be essential to the business and who has been identified as essential by the designated angel investor group, venture capital fund or business incubator on the commitment certificate and Letter of Support. If the application for an essential person is refused for any reason, all other applications related to that commitment will also be refused.

Commitment

A term sheet/client agreement (Signed by the designated entity) in combination with a Commitment Certificate completed by an authorized member of the designated entity, binding the applicant to a designated entity. (See angel investor network, venture capital fund or business incubator above).

Commitment Certificate

A commitment sent electronically to IRCC from the designated angel investor group, venture capital fund or business incubator along with the term sheet/client agreement.

Letter of Support

A letter given to the applicant by the designated angel investor group, venture capital fund or business incubator which the applicant must include with their application.

Requirements for Start-up Business Class

Your application to come to Canada under the Start-up Business Class will be assessed on a pass/fail basis against three requirements. The three requirements are:

  • • Requirement 1: Commitment from a Designated Entity
  • • Requirement 2: Ability in English, in French or both
  • • Requirement 3: Settlement Funds
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