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The Canadian start-up program was initiated to welcome business owners from different countries to bolster the Canadian economy. There is 5 phase in the Canada start-up visa process; therefore, you can get help from Canada immigration consultant in Ahmedabad to understand every step in detail.
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An Overview of Canada Start-up Visa Process and Eligibility **************************************************************** Are you looking for opportunities to grow your business in Canada? If so, you must be aware of the various business immigration programs being offered. However, in this blog, we are going to narrow our focus to Canada's start-up visa program and share with you our expert insights as a Canada immigration consultant in Ahmedabad. The purpose of the Canada startup program For starters, Canada does not offer Canadian citizenship by investment for Indians. They rather offer diverse business programs for the purpose of creating more job opportunities and elevating the economy. The Canadian startup program also adheres to the same objective. It was initiated to welcome business owners from different countries so that the Canadian economy can be bolstered. The government supports these businesses with the aid of funding and faster processing to help they grow. This visa allows applicants to permanently live in Canada.
Process in brief Phase 1: Lock an investor Being a startup you are required to pitch your idea to various investors that will source your funding. Phase 2: Letter of approval Once you have locked an investor you will need a letter of approval from them to proceed with your visa process. Phase 3: Clear language test To live and work in Canada you need proficiency in English or French. To prove it, you need to give a test with IRCC authorized agency. Phase 4: Medical test You are required to clear a medical exam after which you will get your immigrant visa with your family. (Children under 22). Phase 5: Apply for citizenship 3 years after receiving the immigrant’s visa, the applicants with their families can apply for citizenship. Eligibility for Canadian Start-up visa ●Upto 5 owners are allowed in one business with a minimum of 10% stake each. More than 50% of the voting right must be reserved by the applicant and the investor. ●You are required to provide proof of investment organization supporting you, language test document, proof of education, proof of funds, proof of security, and finally proof of medical clearance. ●You do not need to invest. ●The age criteria for children is 22 years or under. In final words, Ajmer Law Group has a long experience of more than 25 years that capacitates us in helping you throughout your immigration process as your Canada investor visa consultant. Book a slot with us for a thorough understanding of the process.