Canada is a wonderful immigration destination. And, the popular and widely used Start-Up Visa Programme of the nation continues to inspire the world and grow with reportedly 51 entrepreneurs having presently gained the prized and the much sought after Permanent Residency (PR) of the nation, via the plan as of May 2, this year.
The successful candidates represent 26 start-ups that have either started or will be starting before long in societies throughout the Maple Leaf Country, and this comprises Sydney, Mississauga, Waterloo, Thunder Bay, Vancouver, Calgary, Whistler, Halifax, Fredericton, Victoria, and Toronto,.
Hitherto, successful aspirants have arrived from the nations of India, Iran, Australia, China, South Africa Costa Rica, Egypt, and Uruguay even as they work across many businesses, comprising technology, food product manufacturing, banking, human resources, advertising, education, and medical research.
The Start-Up Visa Plan motivates global entrepreneurs to expand and grow their firms in the country. Successful candidates link with private sector bodies in the nation, where they can obtain financial support, assistance, and proficiency in launching and running their company in the country.
As per a concerned person from the Immigration, Refugees and Citizenship Canada (IRCC), though the start-up visa began at a very slow speed, it has progressively gathered momentum, and is now in the pink of its health. Each and every start-up that is launched in the nation has the possibility to offer jobs and rewarding economic opportunities for the nationals, in the process, making handy contributions to the nation’s progress and diversity.
Significantly, the demand for this plan is increasing, with over 50 extra permanent resident petitions still in process from the entrepreneurs from across the globe. The aspirants have the backing of a nominated Canadian venture capital fund, angel investor group, or business incubator to start their start-ups in the country.
The object of the scheme is reportedly to engage innovative overseas national entrepreneurs who will generate new employment opportunities and fuel economic growth.
Start-Up Visa Requirements
With a view to be qualified, it is essential that the candidates for a Start-Up Visa fulfill these conditions:
- Meet the bare minimum language conditions in either English or French (CLB 5 in every ability);
- Have completed not less than 1 year of post-secondary education, for the duration of which the aspirant was in rather good standing at their educational establishment;
- Possess enough money to settle in the country;
- Intend to settle in any Canadian province except the Province of Quebec; and
- Successfully sail through the Canadian security and medical clearances.
Important: Not more than 5 overseas people can submit an application for the PR as component of the same business enterprise under the Start-Up Visa Scheme.