Canada's start-up visa: All your questions answered

Published on Oct 04, 2022 05:14 PM IST

Canada Start-Up Visa: The start-up visa offers a unique opportunity for immigrants in Canada. Here are all your questions on the start-up visa answered

Canada Start-Up Visa: A Canada flag flies in front of the Peace Tower on Parliament Hill in Ottawa, Ontario.(Reuters)
Canada Start-Up Visa: A Canada flag flies in front of the Peace Tower on Parliament Hill in Ottawa, Ontario.(Reuters)

Canada's start-up visa program has welcomed 250 immigrants in the last five months and is set to welcome 600 new permanent residents in 2022, the highest number since its launch in 2013, Canada Immigration News reported. The start-up visa offers a unique opportunity for immigrants in Canada. As Canada opens up more and more after the Covid pandemic, the start-up visa can be a choice for immigrants wishing to settle in Canada.

What are the basic eligibility requirements for Canada's start-up visa?

The basic eligibility requirements for the visa include: having a qualifying business, having a letter of support from a designated organization, meeting the language requirements and having enough money to settle and live in Canada before you make money from your business.

Read more: UAE golden visa 6-month multiple-entry permit: Categories, fees, eligibility

What is the minimum investment required to apply for Canada's start-up visa?

If the investment comes from a designated Canadian venture capital fund, a candidate must secure a minimum investment of $200,000. In case investment comes from a designated Canadian angel investor group, a minimum investment of $75,000 is to be secured.

How can a candidate secure support from a designated organisation?

Through contacting the designated organisation the candidate can find out how to get support. Moreover, the organisation must be convinced that the idea of business is worth supporting.

Read more: For US visas, Indians have to wait over 800 days. But China citizens get it in…

What happens if the business fails?

If a candidate using the start-up visa is not able to do well in their business, it will not affect their permanent resident status.

Get Latest World Newsalong with Latest Newsfrom Indiaat Hindustan Times.
SHARE THIS ARTICLE ON
  • ABOUT THE AUTHOR

    When not reading, this ex-literature student can be found searching for an answer to the question, "What is the purpose of journalism in society?"

SHARE
Story Saved
OPEN APP
×
Saved Articles
Following
My Reads
My Offers
Sign out
New Delhi 0C
Sunday, February 05, 2023
Start 15 Days Free Trial Subscribe Now
Register Free and get Exciting Deals