Skip to main content

Government of Canada to make Start-Up Visa Program Permanent in 2018



The Start-Up Visa Program, which was launched in April 2013, invites immigrant entrepreneurs to bring their business to Canada. The program allows entrepreneurs to obtain permanent residence for themselves and their family. This pilot program was aimed at attracting pioneering foreign entrepreneurs who would contribute to the Canadian economy. After evaluation of the pilot, it has been determined that the Start-Up Visa Program is delivering on its goals to bring innovative companies into Canada, which in turn creates more jobs for middle-class Canadian workers in a range of industries. With the success of the pilot, the government has announced that it will make the Start-Up Visa Program a permanent part of the immigration landscape for 2018.
As of July 15, 117 principal applicants have received permanent residence through the Start-Up Visa Program. This represents 68 start-ups that were launched in Canada as a result of this program. At present, there are more than 50 Canadian venture capital funds, angel investor groups, and business incubators designated to participate in the program. Entrepreneurs who participated in the program in the first 3 years received over $3.7 million in investment capital from designated entities to help them grow their business in Canada.
Innovative entrepreneurs who wish to apply for permanent residence through the Start-Up Visa Program must meet the following minimum eligibility requirements.
  • Prove your business is supported by a designated organization;
  • Show your business meets ownership requirements;
  • Meet the minimum language requirements (CLB 5 in all areas) in English or French; and
  • Show sufficient funds to settle in Canada;

Comments

Post a Comment

Popular posts from this blog

What is MARA (Migration Agents Registration Authority) ?

The Office of the Migration Agents Registration Authority ( OMARA ) is an Australian Government specialist that registers relocation operators and manages the Migration Agents calling. Movement specialists help individuals to relocate to Australia by utilizing their insight into Australian visas and immigration law to finish fundamental visa applications  and speak to them in dealings with the Department of Immigration and Border Protection (previously the Department of Immigration and Citizenship), the Tribunals, The Minister, Federal Courts and High Courts of Australia. The Office likewise helps individuals to discover a movement agent, provide guidance about expenses that specialists may accuse and help of making protestations about operators Under Australian law ( Migration Act 1958, Part 3) any individual who gives "movement help" should generally be a Registered Migration Agent. The expression "movement help" is characterized in area 276 of the Act ...
1 comment
Read more

5 steps to Find a part time job in Australia

Working part time is a great way to get some extra cash to support yourself while studying overseas. It may lessen financial stress on your family back home and allow you to feel more at home in your host country. Getting your first job can be a scary process regardless of circumstance. Add being in a foreign country and the job search may seem even more complicated. Don’t worry, follow these five steps and you should be able to find a job in no time! 1. Consider Your Visa Before you start to think about applying for a job make sure that your visa permits you to work in Australia. Most Australian Student Visas allow you to work for up to 40 hours per fortnight. If your visa allows you to work while in Australia it is most likely on the condition that your course has commenced. During course breaks an Australian Student working Visa allows you to work for unlimited hours. This means that over the almost four month long summer holidays you could be earning a enough money...
Post a Comment
Read more

Why Immigrate to Canada?

There are many reasons why a man would move to Canada . A few people move with expectations of carrying on with a superior life and additionally to give their kids openings that may not be so promptly accessible in their nation. A few people move since they live in a war-torn nation and they fear for their wellbeing and that of their family. Others have family as of now in Canada and they need to be near them. A few people move to Canada with their life partner or accomplice. This procedure is called Spousal Sponsorship. At that point there are the individuals who come to Canada to increase significant training and additionally work involvement.  With regards to personal satisfaction, Canada has most different nations beat. Indeed, Canada was positioned #2 best nation on the planet and #1 in training. Just to look at, the US was positioned seventh best nation and seventh in training. Canadians are likewise "the sixth most joyful individuals on the planet, while Americans fal...
Post a Comment
Read more