This program targets immigrant entrepreneurs who want to start up an innovative business in Canada that can compete on a global scale.
Status
Open
Program Benefits
- Canadian permanent resident status for the immigrant entrepreneur and family (spouse and children under the age of 22);
- Temporary work permit possible prior to submitting the permanent residence application.
- Under this program, up to five persons can apply as owners of a single business.
- The immigrant entrepreneur is not required to invest personal money in the business.
- No impact on the permanent resident status if the immigrant entrepreneur’s business fails.
Our services include, but are not limited to:
- Develop a business plan that reflects the entrepreneur’s vision and meets the eligibility criteria.
- Connect the entrepreneur with a designated organization (venture capital fund, investor group or business incubator). These organizations will support you in your business’s start up and success.
- Provide a report confirming that you have enough money to support your family.
- Apply for a work permit after obtaining the certificate of commitment issued by the designated organization.
- Incorporate the business.
- Connect the company with financial institutions for the financing.
- Complete and submit the application with the various governments.
- Have an eligible business:
- Each immigrant entrepreneur holds at least 10% of the voting rights of the company’s shares.
- The designated organization and the immigrant entrepreneurs together hold more than 50% of the voting rights of the company’s shares.
- The business must be actively managed in Canada.
- A portion of the company’s core business must be conducted in Canada.
- The business must be incorporated in Canada.
- Obtain a letter of support from a designated organization. To do so, the immigrant entrepreneur must meet one of the following criteria:
- Obtain a total investment of at least $200,000 from one or more designated venture capital funds.
- Obtain a total investment of at least $75,000 from one or more designated angel investors.
- Be accepted into one of the designated business incubator programs.
- Language requirements: The immigrant investor must achieve a minimum Canadian language proficiency (CLB) level of 5 in French or English in the following categories: speaking, listening, reading and writing.
- The immigrant entrepreneur must have sufficient funds to provide for him/herself and his/her dependents upon arrival in Canada.
About the Program
Status
Open
Program Benefits
- Canadian permanent resident status for the immigrant entrepreneur and family (spouse and children under the age of 22);
- Temporary work permit possible prior to submitting the permanent residence application.
- Under this program, up to five persons can apply as owners of a single business.
- The immigrant entrepreneur is not required to invest personal money in the business.
- No impact on the permanent resident status if the immigrant entrepreneur’s business fails.
Our services include, but are not limited to:
- Develop a business plan that reflects the entrepreneur’s vision and meets the eligibility criteria.
- Connect the entrepreneur with a designated organization (venture capital fund, investor group or business incubator). These organizations will support you in your business’s start up and success.
- Provide a report confirming that you have enough money to support your family.
- Apply for a work permit after obtaining the certificate of commitment issued by the designated organization.
- Incorporate the business.
- Connect the company with financial institutions for the financing.
- Complete and submit the application with the various governments.
Qualifying Criteria
- Have an eligible business:
- Each immigrant entrepreneur holds at least 10% of the voting rights of the company’s shares.
- The designated organization and the immigrant entrepreneurs together hold more than 50% of the voting rights of the company’s shares.
- The business must be actively managed in Canada.
- A portion of the company’s core business must be conducted in Canada.
- The business must be incorporated in Canada.
- Obtain a letter of support from a designated organization. To do so, the immigrant entrepreneur must meet one of the following criteria:
- Obtain a total investment of at least $200,000 from one or more designated venture capital funds.
- Obtain a total investment of at least $75,000 from one or more designated angel investors.
- Be accepted into one of the designated business incubator programs.
- Language requirements: The immigrant investor must achieve a minimum Canadian language proficiency (CLB) level of 5 in French or English in the following categories: speaking, listening, reading and writing.
- The immigrant entrepreneur must have sufficient funds to provide for him/herself and his/her dependents upon arrival in Canada.
The value of Canadian permanent residence
- Democratic system: full democracy with a history of equality and inclusion of all its citizens.
- Bilingualism: Canada’s two official languages are English and French, a fundamental characteristic of the Canadian identity.
- Health: You are entitled to use the Canadian universal health care system at no cost.
- Education: Your children will be immediately eligible to continue their education and apply to one of our schools or universities.
- Quality of life: Metropolitan cities close to cottages and ski hills.
- Multiculturalism: Multicultural destination with diverse racial and ethnic backgrounds and a rich history.
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One of our experts will get in touch to advise and assist you during your immigration process.