Canada has now began a new Start-Up Visa which is the first of its kind in the world. It is planned to link Business immigrants with expertise private sector organizations which has experience in working with start-ups.
Canada calls for Business owners. Canada does not provide “temporary” or “conditional” Status unlike programs in other countries. Successful applicants to this program will be able to immigrate to Canada as permanent residents with no conditions involved to the success of their business.
You might want to grow a dynamic company that can compete on a global scale. The door is open to start-up in Canada.
Canada’s Obvious Advantages
Canada has opened her doors for business to the world’s start-up entrepreneurs. There are many reasons Canada is the best place to build your business:
- Top Class of Life: Canada’s top class of life provides an attractive platform for the success of persons, families and globally engaged companies. According to a World Bank Report, in 2011 Canadians enjoyed nearly the highest standard of living in the G-20. Canada has created a house comprising highly educated, flexible and multicultural work force.
- Vibrant Economic Growth: According to Forbes magazine, Canada rates as the best country in the G-20 with which to do business. Canada has the strongest fiscal position in the G-7 and is among the highest fiscal prospects in the G-20.
- Low Taxes and Low Business Costs: Canada provides a low-cost and low-tax atmosphere so your business can speed up. Canada have now created an overall tax rate on new business investment which is obviously lower than that of other G-7 countries. KPMG ranks Canada as the highest tax competitive country in the G-7.
- Quality Researches and Innovations: Canada now provides a excellent environment for researches and innovations, even includes world-leading research and development (R & D) infrastructures, scientific talents and innovation motivations. Combined federal and provincial credits can return to foreign investors, on average, even up to 30 percent of their R & D investment in Canada.
How You Can Qualify
Before business immigrants can apply, one will need to establish a commitment from a well recognized Canadian investor group or venture capital fund to invest in your business idea.
Citizenship and Immigration Canada has team up with Canada’s Venture Capital and Private Equity Association, the National Angel Capital Organization and the Canadian Acceleration and Business Incubation Association in order to select the participating private sector organizations. A list can be found online at cic.gc.ca/startup (https://www.canada.ca/en/immigration-refugees-citizenship/services/immigrate-canada/start-visa.html).
- To apply for the Start-Up Visa, you are required to contact one of these organizations and get their confidence in investing in your business idea.
- The moment you have secured a commitment, then you can apply to Citizenship and Immigration Canada to immigrate through the program.
- In addition to the changing standard health and security criteria, you will be required to prove your ability to communicate in either English or French,
- That you have completed one year of study at a post-secondary institution, and that you have enough money to live on while establishing your business.
For more information on Business Immigrants: Citizenship and Immigration Canada’s website at cic.gc.ca/startup should be your first point for eligibility information about the Start-Up Visa and other Citizenship and Immigration Canada programs. All the forms and guides needed to complete your application are available online.