Since the inception of Canada Start – Up Visa scheme applications have been flowing in great numbers. It seems that the new Canadian business migration policy is going to prove its mettle much before it was anticipated. The scheme was launched by then Immigration minister Mr. Jason Kenney as part of a large scale overhaul initiative. The move intended to add some credibility aspect to the business migration schemes of this country.
CIC came out with the final plan of launching this plan in 2013 with an objective of attracting and inviting promising immigrant business owners to country entrepreneurs to the country to assist the innovative people with practical and commercially viable business projects. The concept established behind this program was to provide these budding business owners a chance to achieve their dream and contribute to the local economy besides bolstering the employment scenario in the local labor pool. The authorities has made elaborate arrangements to extend support in every possible area starting from finding investors to establishing business network in the country.
The people aspiring to migrate to the Maple country can get support and assistance of a Canadian angel investor group or venture capital fund before they can apply to the Canada Startup Visa Program. The scheme is well on its way to becoming successful as said by current Immigration Minister Chris Alexander and although he refused to declare exact number of applications, he exactly meant that the country was pitched to receive a rich dose of fresh business expertise into the country which would help The Maple leaf country to establish itself as a credible business and investment destination very soon.
The Format of Program and the Immigrant Business Owners
The scheme process involves four primary steps which start with eligible candidates applying for endorsements from capital venture firms. This is the most important step in the whole process as it plays a pivotal role to play, i.e. you must approach an interested venture capital fund or angel investor group and get their endorsement on your project. You must present the business blueprint from them and evidence that project would bring immense benefits to the Canadian economy.
In the second phase the probable candidates are selected by Canadian businesses, the government in turn takes up the job of assessing the background of the applicants and in final phase CIC issues the permanent resident permit Under Entrepreneur Start Up Visa Program to the qualifying candidates.
The probable applicant must also be willing to infuse funds in tune of CAN $75,000. However, it is highly essential for the candidates to
CIC came out with the final plan of launching this plan in 2013 with an objective of attracting and inviting promising immigrant business owners to country entrepreneurs to the country to assist the innovative people with practical and commercially viable business projects. The concept established behind this program was to provide these budding business owners a chance to achieve their dream and contribute to the local economy besides bolstering the employment scenario in the local labor pool. The authorities has made elaborate arrangements to extend support in every possible area starting from finding investors to establishing business network in the country.
The people aspiring to migrate to the Maple country can get support and assistance of a Canadian angel investor group or venture capital fund before they can apply to the Canada Startup Visa Program. The scheme is well on its way to becoming successful as said by current Immigration Minister Chris Alexander and although he refused to declare exact number of applications, he exactly meant that the country was pitched to receive a rich dose of fresh business expertise into the country which would help The Maple leaf country to establish itself as a credible business and investment destination very soon.
The Format of Program and the Immigrant Business Owners
The scheme process involves four primary steps which start with eligible candidates applying for endorsements from capital venture firms. This is the most important step in the whole process as it plays a pivotal role to play, i.e. you must approach an interested venture capital fund or angel investor group and get their endorsement on your project. You must present the business blueprint from them and evidence that project would bring immense benefits to the Canadian economy.
In the second phase the probable candidates are selected by Canadian businesses, the government in turn takes up the job of assessing the background of the applicants and in final phase CIC issues the permanent resident permit Under Entrepreneur Start Up Visa Program to the qualifying candidates.
The probable applicant must also be willing to infuse funds in tune of CAN $75,000. However, it is highly essential for the candidates to
- Clear the background check,
- Evidence linguistic abilities in the official languages of the country, i.e. English or French at par with at least CLB / NCLC 5
- Have at least a post-secondary level education
The honorable minister is quite upbeat about the outcomes of the Canada Entrepreneur Start Visa Program and he is working consistently in the direction of working in the direction of bolstering the scheme’s scope by meeting more and more business incubator and captains of industry to explore the chances of maximizing output from this scheme.
In the nutshell, the new business scheme intends to providing chances to the people having apt and sufficient resources that can prove to be helpful in boosting the growth of local economy. In lieu of the prospects exhibited by the promising people with required funds, education and a resolve to settle down in a business in this country, the scheme provides and extends permanent entry. The whole scheme of things promise good outcomes for the willing business immigrants.
In the nutshell, the new business scheme intends to providing chances to the people having apt and sufficient resources that can prove to be helpful in boosting the growth of local economy. In lieu of the prospects exhibited by the promising people with required funds, education and a resolve to settle down in a business in this country, the scheme provides and extends permanent entry. The whole scheme of things promise good outcomes for the willing business immigrants.
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