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Start-up Visa Program is a permanent residency permit that grants entrepreneurs to start a business venture in the country. Read on to learn more about this program and what you need to be eligible for it.
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The Start-Up Visa Program: Canadian Direct PermanentResidencythrough Investment The demand for Canada Visit Visais on the rise, especially in the last few years. Canada is an attractive destination for all sorts of folks. However, there is another visa program that has become pretty popular recently – Start-up Visa Program. It is a permanent residency permit that grants entrepreneurs to start a business venture in the country. Read on to learn more aboutthe program andwhat youneedtobe eligible forit. What is Start-UpVisaProgram? • Asmentionedearlier,itisaprogram thatistargetedtowardentrepreneurswhoare planning to start up their businesses in Canada. The aim of the program is to attract foreign entrepreneurs with innovative ideas & potential to create job-creating opportunities. For folks that are looking at the greener pastures of Canada to set up a business, this program presents anexcellent opportunity. • Eligibilityrequirements • To be eligiblefor the program, there are certain criteria that one needs to meet. Here are just some ofthe eligibilityrequirementsforthe Start-UpVisaProgram: • The businessventure must bebasedinCanada.
Your business must have the support of a designated organization, such as a venture capital firm, angel investor, or business incubator. A letter of support is required at thetime ofapplying forPermanentResidency. • Youmustownatleast 10%ofthebusiness. • Thedesignatedorganizationandtheapplicantsmustjointlyholdmorethan50%of thevotingrightsinthe business. • Proof of financialsupport • A cleancriminalbackgroundisnecessaryfortheapprovaloftheapplication. • How ToApplyForCanada Visa-Step-by-StepApplicationProcess • Find a designated organization that can support your business venture. It is a crucial step,as aletterofsupport wouldberequestedinthe latersteps. • Fill up the permanent residency application with accurate information. Attach the letter of support from the designated organization with the application and submit it tothe departmenthandling these affairs. • Waitforthereviewoftheapplication. Ifthereareanyadditionaldocuments required, submit theircopiesimmediately. • If the application is approved, you will get a confirmation of permanent residency. Yourpermit willbedeliveredtoyouinafew weeks. • MaintainingPermanentResidencyStatus • After you have received your Permanent Residency, it is crucial that you must maintain it as well. Luckily thisis something thatis quite simple for oneto do. Oneneeds to make sure that they are present in the country for at least730days in afive-year period. Thesuccess orfailure ofthe businessdoesnotaffectyourpermanent residency status. • ShouldonehireCanadavisaconsultants? • There is no doubt that this Start-Up Visa program is quite popular among entrepreneurs; however, it would be wise for folks to connectwith Canada immigration consultantsto make sure the whole process goes off without any hitch.The applicationprocessmight seem like a straightforwardone, but one wouldstill want a hassle-freeprocess. With the right help and preparation, you can easily navigate the application process and start your entrepreneurial journeyinCanada. It is pretty obvious that connecting with immigration consultants in Abu Dhabi for your Start-UpVisa Programwouldbethe bestdecision youwill maketoday.Andifyouare lookingforsuchaserviceprovider,thenReach2Worldmight bethe partneryouneed.
Reach2WorldistheleadingCanadaimmigrationconsultantandwouldhelpyouwithyourReach2WorldistheleadingCanadaimmigrationconsultantandwouldhelpyouwithyour Start-UpVisa application. SourceLink: https://www.techarrives.com/canada-start-up-visa-program- through-investment/