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Canada Immigration

Canada Start-Up Visa: How Can You Get It?

The Canada Start-up visa is an entrepreneur route that seeks to attract foreign-born business owners. In particular, business owners with the expertise to launch new businesses in the country. These businesses must be capable of producing local job opportunities and be globally competitive.

Does it sound like a good idea to you? If so, read on to know more about the visa and how you can get it.

Canada Start-Up Visa Eligibility

To participate in the Start-up Visa Program, applicants must satisfy the following criteria:

  • Have an innovative business idea
  • Have a letter of support from a designated organization
  • Be fluent in English or French
  • Have sufficient funds with which to settle in the country.

Qualifying Business Requirement

You have a qualified business if it satisfies the requirements listed below:

  • You own 10% or more of the voting rights linked to all shares of the company. The shares must be issued at the time you receive a commitment from a designated body.
  • Together, you and the sponsoring organization control more than half of the company’s voting power.
  • You actively and continuously run this company from inside Canada at the time you get permanent residency. 
  • Canada plays a critical role in the company’s activities. 
  • This company was formed in Canada.

Letter Of Support Requirement

You need a support letter from an authorized designated body willing to invest in and help fund potential new ventures. 

You must get in touch with the appropriate body to learn how to solicit aid. Next, convince the group that your business plan is worthwhile. Finally, you’ll get a letter of endorsement from them.

To propose a concept to a company, you must research what steps are required. The needs of a given business will vary. You could, for instance, need to deliver a formal presentation of your company idea or submit a comprehensive business plan. 

A letter of support will be sent to you if you reach an agreement with the group. You must attach this letter with your visa application. This is the evidence required to show that your company plan has merit. 

The sponsoring organization will send a certificate of commitment directly to Canadian immigration. Your letter of recommendation and the organization’s commitment certificate will determine your application’s final score.

A final judgment on your application cannot be made without more information about your company, so you should prepare to provide it if necessary.

If you don’t send the letter of support or meet all requirements, Canadian immigration will not consider your application.

Language Requirements

It will be to your advantage to be able to communicate and operate in English, French, or both in Canada.  Canadian immigration will not consider your start-up visa application without the results of a language test taken from a recognized testing center. 

You need at least a CLB 5 in either English or French in speaking, writing, reading, and listening. Your Canadian start-up visa will be void if you do not possess the required level of language proficiency.

Funds Requirement

No new immigrant to Canada on a start-up visa will get financial assistance from the government. Therefore, you must demonstrate that you and your dependents can financially sustain yourself after you arrive in Canada.

You must have the money in your account. You can’t borrow from other people. How much you’ll need will depend on how many dependents you bring along.

It ranges from  $13,310 for one person to as high as $35,224 for seven people. An additional dependent after seven will ccost$3,586.

Application Procedure

Follow the below steps to apply for a Canadian Start-up Visa:

Get the application package

Included in the startup visa application package are a detailed how-to manual and a list of required documents. You must complete Canada’s Standard Application Form IMM 0008 online.

You should print a copy of the approved application after validation. In addition, complete the application form by printing all pages, including the barcode page. Your completed form must have a barcode. Also, be sure to put your signature and the date where required.

Complete the document checklist

In the application package, you’ll find a checklist with documents you have to submit. Cross-check the document checklist and provide all documents as required.

You should place your documents in an envelope and seal them with the signed checklist. All paperwork, attachments, signatures, language test results, and proof of payment must also be included.

Without these, Canadian immigration won’t process your application, and it’ll be returned. Also, you must provide accurate and thorough responses.

If you omitted or provided misleading information on your application, immigration will decline your start-up visa application. In addition, they may place you on a five-year ban on future applications to enter Canada.

Pay your application Fees

Right of Permanent Residence Fee (RPRF), biometrics, third-party fees, and application processing fees are typical Canada startup visa fees.

When submitting an application, you will likely be required to pay a biometrics cost. If you don’t, you may have to wait. With the biometrics charge, you may have your fingerprints taken and a digital picture taken. 

Canadian immigration will send you a letter reminding you to submit your biometrics and instructing you on where to do so. You’ll need to show this letter when you eventually submit your biometrics.

Biometric information is required and may only be provided in person. If this is a service that is provided, it is recommended that you schedule an appointment. Seek a nearby drop-off location.

Depending on your situation, you may need help from a third party, like a doctor or hospital, which may cost money.

Submit your application

If multiple business partners are applying at a time, Canadian Immigration will only begin processing after receiving all applications. However, a separate application is required from each potential business partner. You shouldn’t pack your application materials into a single envelope. 

Complete applications include responses to all questions on the application. Hence, you must complete and sign all applications and paperwork. Also, submit your application with the required supporting materials and a copy of your payment receipt. 

Canadian immigration will return your application if any necessary information is missing. If there are any mistakes, please correct them and resubmit. 

You must send your completed application to the address in the application packet you reveive. Don’t send it to any other visa office or processing center. It may get lost.

Submit your biometrics

You must submit biometrics if you’re 14 to 79 and seeking permanent residence via the start-up visa route. Even if you’ve already provided your biometrics and they’re still OK. 

You’ll also need to pay the biometrics charge when submitting, and you must do this immediately after getting the letter from Canadian Immigration. In particular, you will have 30 days to respond once you get this letter.

Canadian Start-up Visa Processing time

The Canadian start-up visa can take up to 32 months to process. Therefore, you must begin your application as soon as you can.

Your application will be delayed if there are concerns about crime or security or if more background checks are needed.

For example, if your family status is unclear because of a pending divorce, an unfinished adoption, or unresolved child custody issues. Canadian Immigration will need to verify the information you gave them with other immigration offices in Canada or abroad. 

Once the visa office has begun processing your application, you can track its progress from your application portal.

Canada Start-up Visa Medical Examination

Before entering Canada, you will need to undergo a medical examination. Everyone in your immediate family, including those who aren’t traveling with you, must have their own. 

Your application will be denied if your health threatens public health or safety in Canada. Likewise, if you would put too much stress on Canada’s health and social services. 

After you send your application to the visa office, you will get a letter informing you how to schedule the required medical exam.

Canada Start-up Visa Police Clearance

A criminal record might prevent you from entering Canada. Also, anyone who could compromise national security is not allowed to come to Canada.

Therefore, when applying for Canadian immigration, you and any family members aged 18 or older will be required to produce police certifications to the visa office.

When you turn 18, you’ll need to receive a police certificate from every nation or territory you’ve resided for at least six months straight. To avoid delays, you should get the police certifications you need as soon as possible.

Canada Startup Visa Verdict

Your application will likely be successful if you are eligible and have enough money to sustain yourself and your family upon arrival in Canada. Also, you should pass the medical test and police clearance. 

Canadian Immigration will get in touch with you if more information is necessary. Perhaps they need a supplementary interview or more documents.

If your application is accepted, you will be asked to submit your passport to the visa office so that your permanent residence visa may be issued.

Getting Permanent Residence

If your application is accepted, you’ll get a green card, allowing you to stay in the country permanently. Your Certificate of Permanent Residence (COPR) and entrance visa are included in the Canadian Start-up visa. 

Information about you, including a picture, will be included in your COPR. Make sure you check and confirm that it is accurate. The information on your ID card and passport should match exactly. If otherwise, you must inform Candian Immigration via your account if there is an error on your COPR. 

Both your COPR and your visa are required upon entry into Canada. Remember to put in some time before your COPR runs out since we won’t be extending it.

Entering Canada

To enter Canada, you must use ArriveCAN to submit the needed travel documentation if you’re outside the country. An agent from the Canada Border Services Agency will be waiting to welcome you when you arrive in the country. 

You should bring the following with you when you arrive: 

  • Legal identification for international travel, such as a passport
  • Proof of permanent residence and a valid visa (COPR). The customs official will verify that your Canadian visa is valid upon entry and that you are entering the country before or on the expiration date.
  • Proof of funds that you can sustain yourself and your family in Canada. 

If you provide the Canadian border patrol with incorrect information or cannot prove you satisfy the requirements to enter Canada, you will be denied entry. On the other hand, the official will let you into Canada as a permanent resident if you match the criteria.

The process also includes verifying your Canadian postal address, where Immigration will send your permanent residence card. You must inform them of any address changes you make within 180 days of your arrival in Canada.

Categories
Canada

What Are the Benefits of Permanent Residence in Canada?

There are many reasons why so many individuals wish to leave their home nations and start new ones in other places. Some individuals choose to relocate to take advantage of job opportunities, further their education, or begin a company in a foreign nation. However, relocating to a foreign country can be difficult. 

Many people dream of moving to Canada because of its progressive economy, well-developed healthcare system, and beautiful landscapes. To move to Canada, you need to obtain permanent residence status. In this World Travel Pride post, we weigh the benefits of having permanent residence in Canada and also some downsides of living in the North American country.

1. Legal Status to Reside and Gain Employment in Canada

Statistics show Canada is the world’s second-best place to call home. When considering environmental impact, cultural significance, economic potential, entrepreneurial spirit, and, most importantly, quality of life, it ranks among the highest.

After receiving PR status in Canada, you can relocate to any of the country’s provinces or territories. You are not obligated to remain with your current company, position, or even state.

Canada’s government is always trying to get foreign employees to work in the country to increase economic development and alleviate skill shortages in various industries.

Hence, immigrants entering Canada have access to many government resources and job opportunities. Due to its rich mineral and lumber reserves, Canada offers a wide variety of job possibilities to foreign workers.

2. 5-year Visa Extensions or Renewals

A permanent resident card in Canada typically lasts five years, while some are only good for 1. The number of times you can extend your PR status is also not limited by law. Immigration will consider the context and your reasons to see whether you have a legitimate case for staying.

3. Permits Sponsoring Family Members

If you become a permanent resident of Canada, you will be able to bring your family members into the country. In any case, if you’re above the age of 18, you may sponsor other people to become residents.

4. Children Get Free Education

Canada’s public school system is comparable to that of the United States in that it provides K-12 education to all children at no cost to their families. As an added bonus, permanent residents get a significant discount on college tuition.

While the cost of higher education in Canada is higher than in Europe, the cost of obtaining a graduate degree is relatively inexpensive and straightforward. Math and science education in Canada is among the best in the world. Roughly half of the population has graduated from college. 

5. Quality Healthcare

People who immigrate to Canada can access the country’s excellent public healthcare system. In Canada, permanent residents are entitled to free healthcare and tax-funded coverage for prescription medications. As a permanent resident of Canada, you are eligible for public health insurance.

Canada’s high-quality, fee-based healthcare system is well-known across the world. The annual cost for a single individual to use the health care system is close to $5,000. Families will need to spend almost $9,000 per person to take advantage of all the perks.

Compared to similar schemes in other nations, this premium is more affordable. You are free to use the hospital at any time, including the emergency room, and will incur no out-of-pocket expenses for treatment.

6.  Better Social Security

With 40 credits to their name, immigrants to Canada are eligible for a wide range of social security benefits. It’s the same as working for ten years or 40 quarters. Those who choose to make Canada their home have access to various resources that allows them to live comfortably.

Such resources include high-paying employment and tax breaks. Retirement benefits, disability benefits, and death benefits for surviving spouses and dependent children are some examples of other social benefits.

7. Pathway To Canadian Citizenship 

You’ll be able to stay in Canada for an initial five-year period after obtaining permanent residency. It takes a total of 1,095 days of physical residency in Canada before you may apply for citizenship. But just the five years prior to the day you applied for citizenship will count.

8. Unrestricted Travel In and Out of the Country

Section 6 of Canada’s Charter of Rights and Freedoms specifically addresses the consolidation of mobility rights. Hence, with a Canadian permanent resident card, you are free to travel to and from the country, as well as stay there indefinitely.

It also allows you to leave your current province and settle in another. You may look for work, new opportunities, or other means of support anywhere in Canada.

9. Right to do Business 

You do not need to be a Canadian citizen to leverage the privilege of doing business in Canada. You can invest in a franchise or form a new business as a single proprietorship, partnership, or corporation.

The government of Canada supports and promotes free-market economic policies whenever it can. Canada also has a high employment rate, which is great news for foreign workers looking to settle in the country.

10. Safe & Secure Residence 

In 2007, The Economist ranked Canada as the world’s peace-loving nation. It’s a place where people can put down roots without worrying about their safety. Permanency in Canada guarantees immigrants all the protections guaranteed by Charter 6 of Canada. Those who value security the most consider this to be Canada’s greatest perk.

Currently, Canada’s crime rate is so low that it ranks 82nd worldwide. In comparison, the United States ranks 56th. Since fewer people live in Canada, crime rates are down, and the number of violent crimes is significantly low. This means that Canada is a secure place to live.

11. Friendly Citizens

The Canadian people have gained international renown for their friendliness and pleasant demeanor. The vast majority of Canadians welcome newcomers and tourists with open arms.

Canada’s population is made up of people from many various cultural and religious backgrounds. If you’re from a place where your beliefs are paramount, you’ll find living in Canada a refreshing experience.

Canada is well admired globally for its forward-thinking policies, and Canadians are known for their calm demeanor and open-mindedness.

12. Beautiful Nature

Canada’s coasts, lakes, and rivers contribute to its already-famous natural beauty. The splendor of the mountain range is heightened by the snow that covers its summits. Numerous outdoor pursuits are available in Canada.

For example, Nova Scotia is a great place to live if you like being near the water for activities like fishing and boating. You may go hunting in the middle of Canada. Hiking, skiing, and ice hockey are all available activities. Wildlife and scenic natural areas are available for enjoyment.

13. Affordable & Expensive Cities

In Canada, you can choose the high life or the low life. Irrespective, you’ll find a city that suits your budget. Compared to the average rent in neighboring Canadian cities, rent near the country’s northern border is over 26% lower.

Toronto and Vancouver are pricey compared to other major cities. However, Montreal is a low-cost city where you may locate an economical place to live if that’s what you’re looking for. 

Cons of Living in Canada

We’ve looked at all the many benefits you get by becoming a Canadian permanent resident. Undoubtedly, these benefits are enticing, so it’s not surprising that you’ll want to relocate to the country.

However, you should also know some of the complexities of living in Canada. Check them out below:

1. Complex Healthcare

The Canadian healthcare system is lauded for providing free and essential care. However, elective procedures and long-term health care might have lengthy waiting periods, particularly in major cities.

In many cases, people in remote regions of the country lack access to medical treatment. Services in the medical field are severely lacking. As a result of its remote location, it has just one or two service providers.

Moving farther from home to be closer to a healthcare provider might increase wait times for necessary medical treatment. Wait periods for elective procedures and long-term medical treatment are not uncommon.

2. Many Rules

To many Canadians, government regulations go counter to their preferences for living. People who live here sometimes wish there were fewer regulations.

Furthermore, some Canadians believe their country’s legal system is too restrictive and would rather see less government intrusion into their daily lives. 

Canada is OK if you don’t consider this a huge deal. But if you want to direct your own life, it could be a challenge. 

3. General Expensive Cost of Living 

The cost of living in Canada is relatively higher than in most other developed nations. Depending on your preferred Canadian location, your monthly expenses might be lower or more.

There are many citizens out there who have their finances and lifestyles under control. The low taxes help fund public healthcare, but cities like Vancouver and Toronto have very high house rental costs.

4. Complex Climate

If you want to experience a colder climate, go no further than the northern part of Canada. Here, particularly especially in the far north, the winters are long and very cold.

Many believe the snow makes nature even more beautiful, but who also acknowledges that it will be tough to go out and appreciate it.

It will be an average of 0 degrees in December and will plummet to a high of -2 degrees in January. During these months, temperatures will fall as low as -17 degrees.

5. Poor Exchange Rate

Compared to currencies from other wealthy nations, the Canadian dollar is not very attractive. Right now, one Canadian dollar is equivalent to $0.73 US. It complicates things while trying to purchase online. Your only option is to shop at establishments within your immediate area.

6. Challenging Immigration Process

Canada has convoluted immigration regulations. Every year, over 250 thousand people are granted entry to Canada. To get a work visa for temporary employment in Canada, you must pay a hefty immigration charge of $1,500. The Canadian government gives priority to skilled workers.

Work authorization in Canada is tough to get by if you can’t show that you’ll be beneficial to the economy. If you have relatives in Canada who already has permanent residence, you won’t have to worry about this problem.

Bottom Line

Permanent residency in Canada is a goal of many individuals across the world. Canadians do have a good standard of living, despite the country’s numerous flaws.

Canada is an interesting country because of its beautiful landscapes and scenery. Hopefully, this post will help you decide if you should move to Canada permanently.