Business Class: This category is designed for individuals who want to invest in or start a business in Canada. It includes programs such as the Start-Up Visa Program, the Entrepreneur Program, and the Self-Employed Persons Program.
Each category has its own set of eligibility criteria and application process. It is important to determine which category is most appropriate for your specific situation before applying for Canadian immigration.
Start-Up Visa
The Start-up Visa program is designed for innovative entrepreneurs who want to establish a business in Canada. To be eligible for the Start-up Visa program, you must meet the following criteria:
1. Have a qualifying business: Your business must be innovative, with the potential to create jobs and compete internationally. You must have a letter of support from a designated organization, such as a venture capital fund, angel investor group, or business incubator.
2. Meet the language requirements: You must prove your proficiency in English or French by taking a language test from a designated organization.
3. Meet the education requirements: You must have completed at least one year of post-secondary education and have the equivalent of a Canadian high school diploma.
4. Have sufficient settlement funds: You must have enough money to settle in Canada, which is currently CAD $13,213 for a single applicant.
5. Pass a security and medical examination: You and your family members must pass a security and medical examination.
The application process includes submitting various documents, such as your letter of support, language test results, education credentials, and financial documents.
IRCC will review your application and may request additional information or documents if needed. If your application is approved, you will receive a letter of introduction and will have 6 months to enter Canada and show the letter to an immigration officer. Upon arrival, you will receive a work permit that allows you to run your business in Canada.
It’s important to note that the Start-up Visa program is a competitive program with limited spots available each year and the application process can be complex and time-consuming. Connect with us for assistance with the Start-Up Visa Program.