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Canada StartUp Visa

The Canada Start-Up Visa program aims to attract entrepreneurs to start innovative businesses in Canada that can create jobs and economic growth. Applicants must have an eligible business idea supported by a designated organization, meet language and funds requirements, and go through an application process that includes developing a business plan, securing support from a designated organization, submitting an online application with documents, and potentially an interview. If approved, a work permit is issued to launch the business, with the ability to later apply for permanent residency. Government fees of over $1,500 CAD are required along with potential additional costs.

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126 views3 pages

Canada StartUp Visa

The Canada Start-Up Visa program aims to attract entrepreneurs to start innovative businesses in Canada that can create jobs and economic growth. Applicants must have an eligible business idea supported by a designated organization, meet language and funds requirements, and go through an application process that includes developing a business plan, securing support from a designated organization, submitting an online application with documents, and potentially an interview. If approved, a work permit is issued to launch the business, with the ability to later apply for permanent residency. Government fees of over $1,500 CAD are required along with potential additional costs.

Uploaded by

waqas arshad
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
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Canada Start-Up Visa: Requirements, Process, Charges,

and Step-by-Step Guide


The Canada Start-Up Visa Program aims to attract talented and innovative
entrepreneurs to build businesses in Canada that can create jobs and boost the
economy. Here's everything you need to know about the program:

Eligibility:

• Qualifying Business:
o Innovative business idea with high growth potential.
o Must be supported by a designated organization (DFO).
o Can operate in diverse sectors, including technology, healthcare, and
green technology.
• Language Requirements:
o Meet Canadian Language Benchmark (CLB) level 5 or higher in English or
French.
• Settlement Funds:
o Have sufficient funds to support yourself and your dependents while
establishing your business in Canada. The minimum amount varies
depending on family size.
• Admissibility:
o Meet all Canadian immigration requirements, including health and criminal
background checks.

Process:

1. Develop your business plan: A well-written plan highlighting your business's


innovation, market potential, and financial projections is crucial.
2. Secure support from a DFO: Find a designated organization listed on the IRCC
website willing to support your business. This involves presenting your plan and
demonstrating its potential.
3. Submit your application: Prepare and submit your application online through the
IRCC portal. Ensure you have all required documents, including your business
plan, proof of DFO support, and evidence of language proficiency and settlement
funds.
4. Biometrics and Medical Examination: Complete biometrics and medical
examinations if requested.
5. Interview: You may be invited for an interview with an immigration officer to
discuss your business and application further.
6. Decision and Visa Issuance: If your application is successful, you'll receive a
work permit to launch your business in Canada. You can apply for permanent
residence after meeting specific conditions.

Charges:

• Government application fee: $1,575 CAD per applicant.


• Biometrics fee: $85 CAD per person.
• Right of Permanent Residence Fee: $491 CAD per person.
• Additional fees may apply depending on your chosen DFO and professional
services utilized.

Step-by-Step Guide:

1. Assess your eligibility: Review the requirements listed above and confirm if you
meet them.
2. Develop your business plan: Focus on showcasing your business's innovative
concept, market potential, and financial feasibility.
3. Research designated organizations: Visit the IRCC website to find DFOs aligned
with your industry and expertise.
4. Contact potential DFOs: Reach out to chosen DFOs to discuss your business
plan and express interest in their support.
5. Gather required documents: Ensure you have all documents in order before
submitting your application. Refer to the IRCC website for a complete list.
6. Submit your application online: Carefully complete the online application form
through the IRCC portal, attaching all required documents.
7. Follow up and attend interviews: Remain responsive to IRCC communication and
attend any requested interviews to clarify details about your application and
business.
8. Seek professional guidance: Consider consulting immigration lawyers or advisors
for personalized support and navigation of the complex application process.
Additional Resources:

• Immigration, Refugees and Citizenship Canada


(IRCC): https://www.canada.ca/en/services/immigration-citizenship.html
• Start-up Visa Program: https://www.canada.ca/en/immigration-refugees-
citizenship/services/immigrate-canada/start-visa/eligibility.html
• Designated Organizations: https://www.canada.ca/en/immigration-refugees-
citizenship/services/immigrate-canada/start-visa/designated-organizations.html

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