There are different ways to move to Canada for permanent residence, but the CIC startup visa option is more suitable for startups. The program offers a number of interesting solutions for those who are ready to take reasonable risks and have enough talent and ambition.
What is this program
All you need is to draw up a plan for your business, then get help from accredited organizations, collect a package of necessary documents and submit an application. This is a federal project.
It is intended for entrepreneurs. By participating in this program, you can get a permanent residence permit, which is enough to not be constrained in business in this country. Many businessmen are not citizens of the countries where they conduct their projects, and this does not bother them. The interest for the country is to attract capital, investment, talented entrepreneurs.
When a startup opens, new jobs are created.
The state and society are interested in this, as well as in new tax revenues to the treasury. Of course, not every startup is capable of bearing great fruit, but some can become projects that bring in millions and billions, and even with good prospects.
You will need to make a minimum investment, confirm your knowledge of not only English but also French, and prove that the business meets the requirements.
The program allows you to live and do business in almost any province, but there is an exception - Quebec.
What is important to consider for those interested
It will be important to undergo a health check, they will also check whether the person has any questionable affairs. If the partners are engaged in one startup, they should take into account that only five people can submit an application in the context of one project.
For a small startup, this is often enough, but if the business is not yet running, but is only planned, and the task is to open it in Canada, it is better to immediately limit the team by number.
For one person, you will need to have 13,757 Canadian dollars in the account. The fact is that the candidate must prove his wealth.
If there is a family, then the amount will be more. It is important to periodically check the information on the program so that any changes do not catch you unexpectedly.
So the Start-up Visa can not only help in developing a business in Canada, but also in subsequent emigration and obtaining a citizen's passport.
Of course, it is important to soberly assess the capabilities of your own startup and use the help of lawyers.
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