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Business Visa
Canada offers plenty of opportunities to conduct a wide range of businesses. There are many benefits of running a business in the country. Some of the top benefits are easy tax regimes, simple administrative process, thriving economy, technology support, availability of skill and expertise, excellent lifestyle standards, etc. Business visa is granted to people who have a considerable experience as a businessman or entrepreneur in relevant sector. Another point to be noted in this context is the candidates pursuing a business visa should also have a clean police record and sound medical history.
Start up Visa Program
The program aims to provide visas to entrepreneurs who are interested to begin and run a start-up business in Canada. If you want a Start-up Visa, you are required to submit a LOR, or Letter of Recommendation, from registered organizations in Canada that invest or provide assistance to start-up companies in Canada. It is mandatory to submit the LOR with your visa application package.
Start up Capital
You should be clear about the Startup Capital requirements before applying for the visa. If a venture capital funds your start-up, the minimum fund should be CAD 200000. On the other hand, if the agency funding your company is an angel investor club, the minimum fund should be CAD 75000. There is no obligation to seek your start-up funding from any company incubator. But, you should be a participant in the Canadian incubation program.
Start-up Capital Ownership
A maximum of 5 persons can be the owners of a start-up firm. The concerned persons should own a minimum of 10% of company’s voting stocks. The designated company should own more than 50% of the voting rights.
Language
The official languages in Canada are English and French. Operating your start-up business in either or both the languages is fair enough. It is crucial to keep in mind that the concerned individuals should possess a minimum skill in all four spheres of communication – reading, writing, listening, and speaking – tallying with a score level of 5 corresponding to The Canadian Language Benchmark (CLB).
Self employed Program
It is also possible to obtain a Business Visa under Self-employed Program of Canada. You may get involved in cultural or sports or any other field, and generate income for yourself. The authorities consider factors such as your age, expertise, language skills, adaptability, etc. Moreover, it is also important to showcase a 2-year business experience in the relevant field before applying for the visa. The company he intends to establish or form should generate at least 1 full-time job for himself. It is not mandatory to show any proof of net assets, but you need to submit proof of financial resources to sustain yourself and your family in Canada.
- It is essential to regularly participate in various trade fairs, conferences, and business exhibitions, where you can network with other people and understand the dynamics of the target market, helping you to run your business smoothly.
- It is also important to travel across the country to understand its rich culture and heritage. When you have the visa, there are no restrictions in traveling across the country.
- You can train yourself further by taking highly professional classes, developing new skills and sharpening existent expertise.
- You can seek expert administrative support to increase the duration of your visit in Canada.
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