An outstanding route to permanent residency in Canada for entrepreneurs who wish to start a business here is the Start-Up Visa Program. This program aims to draw innovative businesspeople who will create at least some investment-required, job-creating, and competitive-in-the-global-market enterprises. It’s an excellent option if you’re considering establishing a business and subsequently moving to, or residing in, Canada. How to Qualify for the Canada Start-Up Visa Program TEG Consultancy are here.
A Qualifying Business
In order to qualify for the Canada startup visa, you need to have a business that meets certain criteria. This means that, at the time you receive a commitment from an organization that has been designated by the Canadian government (such as a venture capital fund, angel investor group, or business incubator), you and your partners must collectively hold more than 50% of the voting shares of your corporation.
Letter of Support from a Designated Organization
Winning support from a designated organization is possibly the most vital step you must take in the application process. These organizations assess your business concept, and if they find it promising, they will lend you the necessary leverage to make an application. Working with an esteemed investment immigration consultancy like TEG Consultancy can help you.
Meeting Language Requirements
To be eligible, you and any accompanying family members must be able to communicate and work in English. You will be required to take and pass an approved Canadian government language test. You must achieve the Canadian Language Benchmark level 5 in speaking, reading, listening, and writing your language of choice.
Proof of Settlement Funds
Those wishing to apply must show that they have sufficient funds to not only start a business. But also support themselves and their family while the business is being established. The amount needed varies with family size.
The Teg Consultancy team, made up of Investment Immigration Consultants, is fully knowledgeable about the process whereby one can become a citizen of Canada through investment. We would be pleased to step you through this process so you can have the knowledge required to make an informed decision about whether this path fits you and your family.
