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Start-Up Visa Program

Published: Feb 5, 2018

Start-Up Visa Program

 

In April, 2013 Immigration, Refugees and Citizenship Canada launched a five year pilot program called the "Start-Up Visa Program". The pilot project is only supposed to run until March 31, 2018.

 

The Government of Canada has indicated a desire to make this program a permanent program. The program is designed to help foreign entrepreneurs, applying individually or as part of a team of not more than five applicants, apply for permanent residence. The entrepreneur(s) are expected to partner with venture capital funds, business incubators, or angel investor groups in Canada. Once the foreigner entrepreneur secures support for their business from one of these designated groups, and provided they have a certain level of proficiency in English or French, plus sufficient personal funds and ownership shares, they will be granted permanent residence. They are expected to provide active and ongoing management of the business once it is set up in Canada.

 

We believe at Eisenberg & Young LLP that it is still possible to successfully apply for citizenship, temporary worker and permanent resident status in Canada despite these changes. We strongly recommend, given the complexity of the present and ever-changing immigration system, that you do not apply without first obtaining professional help with the application.

 

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