This Canada Start Up Visa program appeared 4 years ago at the initiative of Jason Kenney, former Minister of Immigration of Canada. At the moment, the program has no analogues in North America. This is an option for those who are interested in building their future in Canada, and have unlimited opportunities for business and personal decisions.
The main goal of the Canadian authorities in this case is to attract entrepreneurs to the country who want to implement innovative ideas by taking advantage of Canada Start Up Visa. A key feature of this program, unlike its counterparts in Australia and the UK, is the lack of criteria for business indicators. In other words, your business should not be 100% successful. The status of the Permanent Residence of Canada will not be withdrawn from the investor on the basis that you have not reached certain numbers.
Will your start up idea be suitable for the program?
Contact Apex Capital Partners and ask any questions about Canada Start Up visa. APEX does screening a candidate, reengineering a business idea, prepares a business plan, submits an application for a “letter of support”. This “letter” is a key point in the process of registration of the Permanent Residence of Canada. The authorized Canadian organizations shall decide on the letter. All criteria and requirements for their decision-making are known to APEX.
When you will be able to move to Canada with Canada Start Up Visa?
In fact, the authorized organization, making a positive decision, is entrusted with the candidate. Immediately after receiving a “letter of support”, the entrepreneur is granted a temporary permit to work in Canada, according to which, if desired, he can immediately move there. However, it is worth considering that this is a limited permission: you can only work on your project.
After receiving the letter of support on their way to Canada Start Up Visa, investors may enter Canada with a temporary work permit (52 weeks) to prepare for the launch of his business.
APEX specialists will also help with preparing the business for launch. The Permanent Residence of Canada is issued within 12-16 months from the beginning of registration process. Thus, an entrepreneur gets the opportunity to live and work in the number one country in the world in terms of living standards.
Nuri Katz is a licensed member of The Immigration Consultants of Canada Regulatory Council (ICCRC), the governing board of Canadian immigration consultants. This status allows him to be the official representative of clients to Canadian immigration authorities at all levels of Canadian government immigration authorities.
“Canada’s residency program, Canada Start Up Visa, is suitable for both young and progressive people and experienced businessmen. It is important to note that there are no restrictions on the age of the investor. You can submit in the application for the right of permanent residence both a business idea with a perspective and scaling a ready-made business unique to Canada. And also keep in mind that you will be able to request for citizenship of Canada 4 years after the permanent residence permit, subject to other conditions” — Nuri Katz, Founder and President of Apex Capital Partners.
In May 2021, it became known that the White House plans to revive the International Entrepreneur Rule (IER), a program under which foreign entrepreneurs can qualify for “temporary parole” in the US for up to 5 years (an initial 30 months with the possibility of another 30-month extension), provided the company they establish receives at least $250,000 in venture capital funding, hire 10 employees or meet various other standards reviewed on “case-by-case basis”.
Joe Biden’s administration expects that program will give a huge visa boost to all foreign entrepreneurs interested in launching their own startups in the United States.
However, it is important to note that the parole provided by the rule constitutes neither a visa nor any type of immigration status. It is a permission for non-U.S. national, who does not have a valid immigrant visa, to request re-entry to the US after travelling abroad, and to temporarily leave the US without abandoning an ongoing immigration status.