in

How to Apply for Canadas Start Up Visa from Israel

Here is a Full Guide on Immigration through Canada’s Start Up Visa from Israel. Explore!

As a native of Israeli, you can fill out and submit your application for Canadas start up visa from Israel. The entire process takes from 12 to 16 months. You can apply online or reach out to Canada’s embassy in Tel Aviv, Israel for assistance.

Canada’s start up visa creates possibilities for Israelis like you to immigrate to Canada in order to set up a business or provide aid to entrepreneurs. Without doubt, the start up visa opens more job opportunities for people in Canada.

After your arrival as a new immigrant, you can contact the Israeli embassy in Canada for support in case you need any consular service while running your business.

You need to act in line with certain processes and instructions while applying for Canada’s start up visa in order to avoid delay or declined application. With this in mind, this article will help you in applying for Canada’s start up visa from anywhere in Israel, including Tel Aviv, Jerusalem, Haifa, Holon, Netanya, Rishon LeZiyyon, etc.

About Canada’s Start-up Visa Program

Canada’s Start-up Visa is an immigration program that allows entrepreneurs with groundbreaking ideas to immigrate and establish businesses in Canada. Such businesses must provide job openings for Canadians, and should be able to thrive despite competition.

As an Israeli, you can move to Canada with every member of your family through Canada’s Start-up Visa Program inasmuch as you all meet every eligibility criteria.

Documents needed to apply for Canadas start up visa from Israel

Without certain documents, it is impossible for Israelis to apply for Canada’s start up visa. Below are list of these documents.

  • A valid Israeli passport or any other travel document
  • Valid proof of language testing like IELTS, CELPIP-G, TEF Canada or TCF Canada
  • Reports of medical examinations
  • Proof of settlement funds – This is a document that shows that you can financially afford living in Canada upon arrival with your family.

Acceptable proof of funds include fixed deposit statements, proof of savings, or a certification letter from a bank.

  • Police Clearance Certificates (PCC)
  • Birth certificates
  • Proof of current marital status such as a marriage certificate or annulment certificate
  • Two (2) photographs per applicant/family member

Eligibility criteria for Canadas start up visa from Israel

To qualify for Canada’s Start Up Visa Program, you must fulfill all of the following conditions and requirements.

  1. Must set up a qualifying business in Canada

For you and your family to become eligible to apply for Canadas start up visa from Israel, you must make provision of a qualifying business in Canada.

A qualifying business is an establishment that every applicant possesses at least 10% voting rights of the corporation’s shares outstanding when the designated organization sends its commitment.

Each of you also need to have a minimum of 10% voting rights in all outstanding shares at that moment. Not more than five (5) persons are allowable as owners of the business.

Besides, the business must be incorporated in Canada, and should run and hire its management within Canada.

  1. A Letter of Support is required from a designated organization

Designated organizations are entities that provide financial aid or invest in startups.

The process of requesting for letter of support varies by the designated organization. Therefore, you have to get in touch with the organization in knowing all processes.

During the process, it is necessary for you to prove to them that your business is truly feasible for profits.

  1. Proof of English or French language proficiency

Of course, you must demonstrate your writing, listening, speaking and reading skills via one of the following test results.

  • International English Language Testing System (IELTS)
  • Canadian English Language Proficiency Index Program (CELPIP-General)
  • Test d’évaluation de français (TEF Canada)
  • Test de connaissance du français (TCF Canada)

Your test results must not be less than Level 5 of the Canadian Language Benchmark (CLB) or Niveaux de compétence linguistique canadiens (NCLC). The result must also be valid, i.e., its issuance date to the present date shouldn’t have passed two (2) years.

  1. Must have enough settlement funds

Emphatically, you are required to provide a proof of fund with authentic information of sufficient money to cater for yourself and your family in Canada until your business starts to generate profit.

This amount ranges from $13,213 to $34,967 Canadian Dollars, depending on the number of persons in your family.

Size/number of family members Amount (CAD $)
1 13,213
2 16,449
3 20,222
4 24,553
5 27,847
6 31,407
7 34,967
Per extra family member coming with you 3,560

Steps to apply for Canadas start up visa from Israel

The following are few steps that can help Israelis to immigrate through Canada’s start up visa.

  1. Check your eligibility for Canadas start up visa program
  2. Get a letter of support from a designated organization
  3. Download and complete the application form
  4. Submit all supporting documents
  5. Come to Canada

STEP 1: Check your eligibility for Canadas start up visa program

Before taking any step to apply for Canadas start up visa from Israel, you need to know your eligibility for the program.

These include possessing a qualifying business, letter of support, valid language test result, as well as having adequate funds to sustain self and family after reaching Canada.

If you’ve been able to meet all these requirements, you can proceed to the next step.

STEP 2: Get a letter of support from a designated organization

As the second step to apply for Canadas start up visa from Israel, you must reach out to one of the designated organizations listed below in order to receive a letter of support.

STEP 3: Download and complete the application form

You need an internet-enabled computer to complete this step. Here, you are required to download an application form and fill out all fields on it.

Afterwards, click on Validate, and print the application form. It is necessary for you to sign and write the date on certain fields on the form.

STEP 4: Submit all supporting documents

At this stage, you have to submit your supporting documents according to a document checklist, which you have to download and print.

It is compulsory for you to submit them based on certain order, and other instructions provided on the checklist. Thus, put all required documents, including the document checklist in a sealed envelope.

Bear in mind that you must tick all submitted documents on the checklist, as well as append your signature on it. You are most likely to be invited for biometrics such as your fingerprints and photos.

STEP 5: Come to Canada

After completing all initial application steps for Canadas start up visa from Israel, you’ll have to wait for 12 to 16 months before you can receive a decision on your permanent residency application.

Instead of waiting, you can travel to Canada via a temporary work permit. With this, you can definitely start initiating your business idea.

List of designated organizations that support Israelis applying through Canada’s Start Up Visa Program

To apply for Canadas start up visa from Israel, you have to get a letter of support from at least one (1) designated organization. These include venture capital funds, angel investor groups, or business incubators as follows.

Venture capital funds (must receive not less than CAD $200,000 as investment support funds from any of these organizations)

  • Celtic House Venture Partners
  • iNovia Capital Inc.
  • Lumira Ventures
  • Real Ventures
  • PRIVEQ Capital Funds
  • BDC Venture Capital
  • Westcap Management Ltd.
  • First Fund
  • ScaleUp Venture Partners, Inc.
  • Golden Venture Partners Fund, LP
  • Nova Scotia Innovation Corporation (o/a Innovacorp)
  • BCF Ventures
  • Intrinsic Venture Capital
  • Extreme Venture Partners LLP
  • Red Leaf Capital Corp
  • Arete Pacific Tech Ventures (VCC) Corp
  • Vanedge Capital Limited Partnership
  • Relay Ventures
  • Version One Ventures
  • WhiteHaven
  • 7 Gate Ventures
  • Yaletown Venture Partners Inc.
  • York Entrepreneurship Development Institute (YEDI) VC Fund
  • Top Renergy Inc.

Angel investor groups (must receive at least CAD $75,000 from any of these investors)

  • Canadian International Angel Investors
  • Golden Triangle Angel Network
  • York Angel Investors Inc.
  • Ekagrata Inc.
  • Keiretsu Forum Canada
  • VANTEC Angel Network Inc.
  • Oak Mason Investments Inc.
  • Southeastern Ontario Angel Network
  • TenX Angel Investors Inc.

Business incubators (at least one of these programs must accept you)

  • VIATEC
  • Creative Destruction Lab
  • Alberta Agriculture and Forestry
  • North Forge East Ltd.
  • Agrivalue Processing Business Incubator
  • Innovacorp
  • Brilliant Catalyst
  • DMZ Ventures
  • Extreme Innovations
  • Highline BETA Inc.
  • Biomedical Commercialization Canada Inc. (as known as Manitoba Technology Accelerator)
  • Innovation Cluster – Peterborough and the Kawarthas
  • Empowered Startups Ltd.
  • TSRV Canada Inc. (operating as Techstars Canada)
  • Invest Ottawa
  • Knowledge Park o/a Planet Hatch
  • Food Processing Development Centre
  • LatAm Startups
  • Innovation Factory
  • LaunchPad PEI Inc.
  • Millworks Centre for Entrepreneurship
  • NEXT Canada
  • Launch Academy – Vancouver
  • Real Investment Fund III L.P. o/a FounderFuel
  • Interactive Niagara Media Cluster o/a Innovate Niagara
  • North Forge Technology Exchange
  • U of T Entrepreneurship Hatchery
  • Pycap Inc (o/a Pycap Venture Partners)
  • Spark Commercialization and Innovation Centre
  • York Entrepreneurship Development Institute
  • Platform Calgary
  • Alacrity Foundation
  • Spring Activator
  • The DMZ at Ryerson University
  • Toronto Business Development Centre (TBDC)
  • Pacific Technology Ventures
  • Waterloo Accelerator Centre
  • Genesis Centre

Frequently Asked Questions

What is the processing time for Canada’s start up visa from Israel?

Canada’s start up visa processing time from anywhere in Israel takes not more than 16 months.

How much is the application fee for Canadas start up visa from Israel?

Israelis need to pay an application fee of CAD $2,075 when applying for Canadas start up visa from Israel. This amount is equivalent to 5,325.07 in Israeli New Shekel.

What is the least amount of investment required from designated organizations when applying for Canada’s start up visa?

  • Venture capital funds – $200,000 Canadian Dollars
  • Angel investor groups – $75,000 Canadian Dollars
  • Business incubators – No investment required

Can I move to Canada while my PR is still under processing?

Yes, as an applicant of Canada’s start up visa from Israel, you can surely travel to Canada to begin setting up your business. In doing this, you have to apply for Canada’s temporary work permit.

Is it possible to use the investment support funds as living expenses?

No, you can only use the funds received from the designated organization(s) for investment purpose, and not for anything else, including your living expenses.

Conclusion

Undoubtedly, many Israeli families have been able to become Canadian permanent residents through Canadas start up visa from Israel. This is also one of the easiest programs that creates possibilities for Israeli to own and operate their own businesses anywhere in Canada. You can share this post with your loved ones and followers on WhatsApp and Twitter.