Start-Up Visa program grows in popularity
In the first quarter of 2022, 160 people were invited to Canada.
Canada has a special program for entrepreneurs who want to establish a start-up.
To apply, you must submit a detailed business plan to one of the three organizations that support foreign start-ups and are authorized to make such a commitment under the Start-Up Visa program:
- business angels;
- venture capital funds;
- business incubators.
If your business is approved, the organization issues a Letter of Support, which can be used to apply for a permanent residency in the Canadian government.
The requirements of the program oblige you to have some money in your bank account (not too much) for your family to settle in Canada. But practice shows you need to invest significantly more to convince a business incubator to support you.
If you need help coming up with a project to apply for a Start-Up Visa, writing a business plan, and preparing for an interview, the cost could be $100,000-250,000 CAD.
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