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Permanent Residence – Entrepreneurs

 

Canadian Immigration

Permanent Residence

Temporary Residence

 

Alternative Passports

Entrepreneurs CIC closed their entrepreneur program, and terminated applications still in the backlog on June 19, 2014. There is no replacement for this program yet. There is however a pilot project, which tries to attract  start-up businesses and utilize Canadian venture capital.

Start-Up Visa

Canada’s new Start-Up Visa Program is the first of its kind in the world, linking immigrant entrepreneurs with experienced private sector organizations that have expertise in working with start-ups.

Your application to come to Canada through the Start-Up Visa Program will be assessed on a pass/fail basis on four requirements. You must have:

  • A commitment of support from a designated Canadian venture capital fund or angel investor group; you must secure a minimum investment of $200,000 if the investment comes from a designated Canadian venture capital fund.You must secure a minimum investment of $75,000 if the investment comes from a designated Canadian angel investor group.
  • An ability to communicate in either French or English; you must meet the minimum level of CLB 5 in either English or French for all four language abilities.
  • Completion of one year of study at a post-secondary institution; and
  • An adequate amount of money in order to settle and provide for the cost of living prior to earning an income. The amount of money you need to support your family is determined by the size of your family. These amounts are updated every year.

If those requirements are met, your application would then be reviewed on CIC’s standard admissibility criteria, including health, criminality and security.