ENTREPRENEUR VISA
The Canada Entrepreneur Visa is a Canadian immigration program that allows entrepreneurs from around the world to immigrate to Canada and establish their own business. The program is designed to attract foreign entrepreneurs who have the potential to create jobs in Canada, and who can compete on a global scale.
To be eligible for the Canada Entrepreneur Visa, you must have a business idea that has been supported by a designated organization, such as a Canadian venture capital fund, angel investor group or business incubator. You must also demonstrate that you have sufficient funds to settle in Canada, as well as the ability to communicate in either English or French.
If approved, you and your family members will be granted permanent residency in Canada, which will allow you to live and work anywhere in the country. The program is a pathway to Canadian citizenship and provides entrepreneurs with access to Canada’s strong economy and business environment.
To qualify for the program, you must have a business idea that has been supported by a designated organization in Canada. You must also have enough money to support yourself and your family members while you are in Canada.
You must obtain a letter of support from a designated organization that agrees to invest in or support your business idea. The organization must be approved by the Canadian government.
You and your family members must undergo medical and security checks as part of the application process. If your application is approved, you will be issued a permanent resident visa, which allows you to live and work in Canada.
Once you arrive in Canada, you must establish your business and meet the conditions set out in your letter of support.
ELIGIBILITY CRITERIA
The eligibility criteria for the Canada Business Immigration Visa program may vary depending on the specific category of the program you are applying to. Here are the general eligibility criteria for each category:
DOCUMENT REQUIREMENT
- Valid passport or travel document
- Proof of language proficiency
- Proof of minimum net worth (e.g. bank statements, real estate documents, business ownership documents)
- Proof of business experience (e.g. employment reference letters, business registration documents)
- Proof of a minimum investment of CAD $200,000 in a Canadian business (e.g. investment agreements, business plans)
- A detailed business plan