Canada


Start-up visa for entrepreneurs proving popular in Canada

by Ray Clancy on May 11, 2016

More entrepreneurs from overseas are coming to Canada through the country’s start-up visa programme, the latest immigration figures show.

As a result the benefits are spreading growth and opportunity to middle class families across the country, according to officials.

At the beginning of May 2016 some 51 entrepreneurs had become permanent residents of Canada through the programme, representing 26 start-ups that have launched or will be launching.

startup

They are setting up business in communities across Canada, including Sydney, Halifax, Fredericton, Toronto, Mississauga, Waterloo, Thunder Bay, Calgary, Whistler, Vancouver and Victoria.

“The start-up visa started slowly but has steadily picked up steam,” said Arif Virani, Parliamentary Secretary to the Minister of Immigration, Refugees and Citizenship.

“Every start-up that is established here has the potential to provide jobs and economic opportunity for Canadians, contributing to our country’s growth and diversity,” he added.

The figures also show that the start-up visa programme is drawing successful applicants from a diverse range of countries, including Australia, China, Costa Rica, Egypt, India, Iran, South Africa and Uruguay, and across a number of industries, including technology, food product manufacturing, education, medical research, banking, human resources, and advertising.

The five- year pilot programme allows entrepreneurs who have the support of a designated Canadian entity to apply for permanent residence as they establish their company in Canada.

Virani added that demand for the programme is growing, with more than 50 additional permanent resident applications still in process from entrepreneurs from around the world.

Indeed, they have the support of a designated Canadian venture capital fund, angel investor group or business incubator to launch their start-ups in Canada.

Applicants need to have a Letter of Support from a designated angel investor group, venture capital fund or business incubator and meet the ownership requirements for a qualifying business.

They also need to get scores of at least Canadian Language Benchmark (CLB) 5 in all four categories for either English or French, and have an adequate amount of money to settle and provide for the cost of living prior to earning an income.

For the programme there is a minimum investment level of $200,000 if the investment comes from a designated Canadian venture capital fund or $75,000 if the investment comes from a designated Canadian angel investor group.

Visa applicants do not need to secure any investment from a business incubator. However, they must be accepted into a Canadian business incubator programme.

{ 0 comments }

Thumbnail image for International students could get fast tracked visas to work in Canada

International students could get fast tracked visas to work in Canada

April 25, 2016 Canada

International students studying in Canada could find themselves fast tracked to residency if they want to work in the country after graduations. Immigration minister John McCallum confirmed that the government is looking at a number of options, including giving more points to students under the express entry programme which currently prioritises skilled workers. “I think […]

Read the full article →
Thumbnail image for People who decide to move to another country are often healthier and live longer

People who decide to move to another country are often healthier and live longer

April 8, 2016 America

People moving to the United States, Canada, and Australia tend to be healthier and live longer than non-immigrants in their host countries, new research has found. The study found that once adjustments have been made for income and education the future health of migrants was much better than those who stay in the country where […]

Read the full article →
Thumbnail image for Canadian govt launches new app to ease stress of international arrivals

Canadian govt launches new app to ease stress of international arrivals

April 5, 2016 Canada

The Canadian government has launched a new app that is says will help people arriving and visiting the country get real time information and reduce stress at international airports. According to Ministers the Travel Smart app gives people easy access to information on entry and exit requirements, border waiting times, passport validity and more. They […]

Read the full article →
Thumbnail image for Canadian government aims to attract more French speaking professionals

Canadian government aims to attract more French speaking professionals

March 21, 2016 Canada

A new programme aimed at attracting skilled francophone workers to Canada and encouraging them to settle in communities outside of Quebec has been announced. The International Mobility Programme stream will start on the first day of June and it is hoped that those taking part will want to settle permanently in Canada. “We want francophone […]

Read the full article →
Thumbnail image for Strong support for free labour zone between UK and key Commonwealth nations

Strong support for free labour zone between UK and key Commonwealth nations

March 15, 2016 Australia

People in the UK back the introduction of reciprocal rights to live and work freely in countries such as Australia, Canada and New Zealand, according to a new poll. It comes a time when the UK is set to introduce salary thresholds and an NHS surcharge for expats not from European Union countries. The research, […]

Read the full article →
Thumbnail image for Canadian immigration policy to focus on family reunification in 2016

Canadian immigration policy to focus on family reunification in 2016

March 9, 2016 Canada

Immigration policy in Canada in 2016 is to have a particular emphasis on family reunification, the country’s Immigration Minister has announced. In what he describes as an “ambitious” plan to bring in between 280,000 and 305,000 new permanent residents to Canada, John McCallum, said the country will show global leadership. “Canada will welcome a greater […]

Read the full article →
Thumbnail image for Changes announced to make becoming a Canadian citizen faster and more flexible

Changes announced to make becoming a Canadian citizen faster and more flexible

February 26, 2016 Canada

Becoming a Canadian citizen is to be made faster and more flexible and provisions that resulted in different treatment for dual citizens are to be changed. Under amendments to the country’s Citizenship Act announced by Immigration, Refugees and Citizenship Minister John McCallum, the time permanent residents must be physically present in Canada before qualifying for […]

Read the full article →
Thumbnail image for New research reveals less popular destinations set to become more popular in 2016

New research reveals less popular destinations set to become more popular in 2016

February 19, 2016 America

Some overlooked destinations around the world are set to become more popular in 2016, according to a new analysis of travel demand changes over the last two years. Queens in New York is set to overtake Brooklyn as the most popular destination for visitors staying in the city’s outer boroughs with a 150% increase in […]

Read the full article →
Thumbnail image for Plans being set up for Syrian refuges to settle in diverse communities in Canada

Plans being set up for Syrian refuges to settle in diverse communities in Canada

February 12, 2016 Canada

Communities throughout Canada have responded to the Government’s pledge to welcome 25,000 people from war tone Syria by offering to help them start a new life. While cities have always been a draw for refugees under the Government Assisted Refugees (GAR) programme many municipalities have expressed an interest in integrating them into their communities. Communities […]

Read the full article →
Thumbnail image for Visa exempt travellers need new electronic authorisation for Canada from March

Visa exempt travellers need new electronic authorisation for Canada from March

February 4, 2016 Canada

Officials in Canada have issued a reminder that from March 2016 visa-exempt foreign nationals who fly to or transit through Canada will need an Electronic Travel Authorization (eTA). There are exceptions including citizens of the United States and travellers with a valid visa, but those who will need an eTA are urged to make sure […]

Read the full article →
Thumbnail image for Start-up visa programme expected to be popular in Canada in 2016

Start-up visa programme expected to be popular in Canada in 2016

January 18, 2016 Canada

Canada’s business immigration start-up visa programme is expected to become a more popular financing option for new companies across Canada in 2016. Over the past few years there have been a number of changes in business immigration programmes in the country with the cancellation of the Federal immigrant investor programme and the Federal entrepreneur programme. […]

Read the full article →
Thumbnail image for 2016 sees change to working holiday visas for Canada

2016 sees change to working holiday visas for Canada

January 8, 2016 Canada

Young people seeking to get a visa for a working holiday in Canada now need to work with a set of changes to the International Experience Canada (IEC) programme. Run by Immigration and Citizenship Canada (CIC) and aimed at young adults wishing to work while visiting Canada, it has been regarded as the simplest visa […]

Read the full article →