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The government of Canada created the business visa to attract business-class immigrants who can develop a business, become economically established, and contribute to the Canadian economy. You can apply for a variety of business visa options that require you to establish a firm in the nation and obtain permanent status. As part of the application, you can bring your family and business partners with you.
The start-up visa for Canada is the most common route to enter the country. You must enter the nation on a work permit and begin your business in Canada by obtaining letters of support and investments from Canada’s recognised investment bodies. For business formation, you do not need to invest any money of your own; however, you must have adequate funds to operate the firm in Canada.
Other options include the Canada PNP Program Entrepreneur Streams, which are run by different provinces. You can choose from a variety of options, including:
To apply for any of the above pathways, you must meet the program’s eligibility standards. Each programme has its own set of specifications and procedures. Without the necessity for a Canada startup visa incubator, you’ll need an investment of CAD 100,000 to CAD 600,000 and a net worth of CAD 300,000 to CAD 900,000 in general.
Another option is to start a business and immigrate at the same time. The path is known as the C-11 Visa, and many professionals are unfamiliar with it. It’s an LMIA-exempt work permit for business professionals who want to start a company in Canada and apply for a PR visa. You can move to Canada on a work permit and start your own business or buy a firm where you own at least 50% of the company. With a successful business incorporation, you can apply for permanent residence in Canada using the Canada Express Entry or Canadian Experience Class.
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