Residency Program

Canada

About Canada

Canada, the country, in the world is renowned for its expansive and varied terrain that spans across North America. From the Rocky Mountains to the crystal waters of both the Atlantic and Pacific Oceans Canadas natural splendor is unmatched and draws in tourists and locals alike.

The country's diverse culture is reflected in its food, music, art and various elements of identity. Canada is admired for its welcoming people, initiatives and commitment, to preserving its rich cultural legacy. With cities, an economy and stunning landscapes Canada provides some of the highest standards of living in North America.

Key Details:

  • Capital: Ottawa
  • Currency: Canadian Dollar (CAD)
  • Population: 35,881,659

Canada Start-Up Visa Details

To join the Canada Start-Up Visa Programme, applicants need to submit a detailed business plan. This plan must be approved by a specific business organization designated by the government. Once approved, applicants and their families can apply for permanent residence with a support letter.

This program is unique as it connects immigrant entrepreneurs with private sector organizations skilled in start-ups. Canada's visa opportunities do not come with temporary or conditional statuses, providing entrepreneurs a straightforward route to permanent residency.

Benefits of Canada Start-Up Visa

Eligible candidates can apply for permanent residency in Canada.
Canada does not restrict dual citizenship.
Under Canadian law, assets newly brought into the country by immigrants are not taxed.
Individuals can seek permanent residency for their family as a single applicant.
Canadian permanent residents can apply for Canadian citizenship after residing in the country for a minimum of three years within a five-year period.
The candidate and their family will be entitled to reside, work, and pursue education anywhere in Canada, excluding Quebec, enjoying identical privileges to other Canadian residents.

Programme Requirements

To be eligible for the program, applicants need to undergo a thorough background check. They must have a clean criminal record and be in good health. Additionally, they should demonstrate proficiency in either English or French at the CLB/IELTS 5 level.

A first-of-its-kind initiative that connects immigrant entrepreneurs with experienced private sector organisations that specialise in start-ups. Successful applicants can immediately apply for permanent residence by securing a commitment from a designated Canadian private sector organisation.

The programme offers three different options:

  • Business Incubation: Applicants can start a business with no minimum investment, only paying business set-up fees.
  • Angel Investment: Requires an angel investor group to invest CAD75,000 in company shares.
  • Venture Capital Fund: Requires a venture capital firm to invest CAD200,000 in company shares.

Successful applicants who secure commitment from designated Canadian private sector organizations can immediately apply for permanent residence.

Application Process

At The Elite Passport, we simplify the Canadian Start-Up Visa process with a structured approach and continuous assistance. Here's how we break down the application process:

  • 1 - Assessment & Onboarding
    • Collaborate with The Elite Passport's client advisors.
    • Conduct The Elite Passport's due diligence check.
    • Onboard the client and settle retainer fees.
  • 2 - Application Submission
    • Prepare and submit a proposal to the designated organization.
    • Obtain a supporting letter.
    • Prepare supporting immigration documents and submit the application.
  • 3 - Document & Application Processing
    • Process the application for Permanent Residence.
    • Receive approval for Permanent Residence.
  • 4 - Approval & Final Handover
    • Obtain Permanent Residence status.
    • Our local team continues to assist with business setup and immigration needs.
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