Federal business-program Start Up Visa

This program is designed for entrepreneurs with innovative projects, which can draw attention and get support from Canadian investors.

Here is how the program Start Up Visa works:

A foreign entrepreneur, who has an innovative business-project, needs to find an investor in Canada from the list of designated organizations (venture capital funds, investor groups and business incubators) accredited by the Citizenship and Immigration Canada (CIC). There are more than 40 organizations currently in that list, which is constantly updated. If a designated organization decides to support your business, it takes upon an obligation to invest in your project a certain amount. These obligations are outlined in the Letter of Support that this fund will provide you with.

Then you can apply for immigration and submit your documents to immigration authorities.

At that point the persons involved in the project and wishing to apply for immigration to Canada will be issued work permits allowing them enter Canada and start implementing their project right away.

The distinctive feature of the Start Up Visa program is that it allows immigrating to Canada not to one but to five people, if they are the key participants needed for this business-project to be realized. The entry requirements for them are simple. They need to demonstrate at least basic language skills and meet the minimum level of the Canadian Language Benchmark (CLB) 5 in either English or French.

The main challenge of this program is to have a really innovative idea that can be adapted to the North American business environment, and to have a good plan for its implementation. Another important task is prepare and perform an impressive presentation in order to attract attention of investors and convince them that your project is viable and can become highly profitable.