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Australia Partner Company
Australia Partner Company
26 May 2020
Canada is witnessing a steady increase in the number of new PR admissions through the Start-Up Visa Program.
In 2019, the entire number of new permanent resident accepted admissions approached 510, higher than double the number 250 that welcomed in 2018. The numbers have been constantly increasing over the last 5 years for the program, which grants Canada PR to suitable immigrant entrepreneurs.
The notable increases observed in 2018 and 2019 could be down to the program being offered permanently in Mar 2018. Earlier, it had been a 3-year pilot program.
The program focuses on innovative entrepreneurs and joins them with investors in the private sector in Canada who will support in establishing their start-up business. Aspirants can originally come to Canada on a work permit assisted through their preferred investor which is Canada-based, before satisfying for Canadian PR once their business is up and operating.
There are 3 types of investors in the private-sector:
Applicants with a qualifying business need to receive a Certificate of Commitment and Letter of Support from a preferred entity, show they have adequate settlement funds, and be skilled in English and/or French at a minimum CLB level of 5. They can then appeal for a short-term work Canadian permit to commence working in their business.
If an entrepreneur has a capability to start-up a business project, generally it will take roughly 4 to 6 months to obtain a Certificate of Commitment and Letter of Support from a preferred entity. Once a letter of support is obtained, the application for Canadian PR can be presented. It will take about 18 months for the visa issuance.
We request you to fill up the free evaluation form presented by Opulentus to take the initial step for your Visa and Immigration Process. We have 21 Plus years of experience in Overseas Career and Immigration Industry.
Posted On 13 Jun 2020
Posted On 12 Jun 2020
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