Jul 28, 2017 | Business Immigration, Immigrate to Canada, In the News, Investor Immigration, New Immigration Programs, Permanent Residency
The Start-Up Visa Program, which was launched in April 2013, invites immigrant entrepreneurs to bring their business to Canada. The program allows entrepreneurs to obtain permanent residence for themselves and their family. This pilot program was aimed at attracting pioneering foreign entrepreneurs who would contribute to the Canadian economy. After evaluation of the pilot, it has been determined that the Start-Up Visa Program is delivering on its goals to bring innovative companies into Canada, which in turn creates more jobs for middle-class Canadian workers in a range of industries. With the success of the pilot, the government has announced that it will make the Start-Up Visa Program a permanent part of the immigration landscape for 2018.
As of July 15, 117 principal applicants have received permanent residence through the Start-Up Visa Program. This represents 68 start-ups that were launched in Canada as a result of this program. At present, there are more than 50 Canadian venture capital funds, angel investor groups, and business incubators designated to participate in the program. Entrepreneurs who participated in the program in the first 3 years received over $3.7 million in investment capital from designated entities to help them grow their business in Canada.
Innovative entrepreneurs who wish to apply for permanent residence through the Start-Up Visa Program must meet the following minimum eligibility requirements.
- Prove your business is supported by a designated organization;
- Show your business meets ownership requirements;
- Meet the minimum language requirements (CLB 5 in all areas) in English or French; and
- Show sufficient funds to settle in Canada;
If you have an innovative business idea, you may be able to bring this idea with you to Canada. Take our free online assessment to determine your eligibility or contact us today to speak with a licensed immigration consultant.
Mar 30, 2017 | Immigrate to Canada, In the News, Investor Immigration, Permanent Residency, Why you need an immigration specialist
International business people interested in investing and settling in the province of Quebec will be delighted to know that the Quebec Immigrant Investor Program (QIIP) is set to reopen this year on the 29th of May. Foreign investors who meet the requirements of the Quebec Immigrant Investor Program will be granted permanent resident status for themselves and their family. This allows foreign investors to live, work, and do business anywhere in the country and allows your children to study in Canada as residents. The reopening of the program will allow 1,900 applications between May 29, 2017 to February 23, 2018. Foreign investors who are interested in the Quebec Immigrant Investor Program should get started on preparing your application right away so that it is ready to submit when the program reopens.
Foreign investors interested in applying must meet the following minimum requirements:
- Have a legally obtained minimum net worth of $1.6 million CAD;
- Be prepared to invest $800,000 CAD in Quebec through an authorized financial intermediary;
- Have at least two (2) years of legitimate, full-time business management experience in the five (5) years preceding your application; and
- Intend to settle in the province of Quebec.
In addition to these minimum requirements, Quebec investor applicants will also be assessed on several other factors including age, education, work experience, language, and adaptability. Our immigration consultants can aid you in determining whether you meet all of the requirements of the Quebec Immigrant Investor Program. We will assist you in properly preparing your complete application and guide you in collecting all the necessary documentation. Due to the limited number of applications being accepted this year, it is very likely that the program will reach capacity soon after opening. Thus, it is crucial that you begin preparing your application as soon as possible. Errors on your application could cause you to miss the window. With our help, you can prevent this from happening. Give us a call today to discuss your eligibility and find out how we can help you.
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