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Prime Minister Justin Trudeau’s commitment to record-breaking immigration is expected to see 411,000 new permanent residents make Canada their home in 2022 and drive the creation of many small businesses through the Start-Up Visa program. “Immigration enriches our society and is one of the solutions to labour shortages,” said Trudeau two years ago. “It has
Acute labour shortages in many sectors of the Canadian economy are driving Ottawa’s immigration policy as it sets out to welcome even more new permanent residents to Canada this year than it did in the record-breaking 2021. Immigration Minister Sean Fraser announced near the end of December that Canada had reached its target of 401,000
There are almost two dozen venture capital funds in Canada that can provide applicants for permanent residence under the Start-Up Visa program the needed minimum of $200,000 of investment. A venture capital fund is created when a group of investors pools money to place it in start-ups and small and medium-sized companies which show promise
Angel investors, one of the three designated categories of organizations that must back an applicant for permanent residence in Canada under the Start-Up Visa program, can belong to any one of nine groups. Those include: Canadian International Angel Investors, a Canadian company that helps early-stage technology companies move to Canada and assists key members of
Countries throughout the world have their arms open to entrepreneurs, including Canada whose Start-Up Visa Program offers both the flexibility to start a wide variety of businesses and the opportunity to gain permanent residency. Read More Canadian Business Optimism Improves, Highlighting Opportunity For Start-Up Visa Entrepreneurs Canada’s Start-Up Visa: What is a Business Incubator? Canada
Business incubators are rampant throughout Canada and offer plenty of opportunity for applicants for permanent residence under the Start-Up Visa program to get the support they need to qualify to immigrate and start their businesses. By nurturing start-ups and helping them navigate the myriad of challenges to get the financial, human, and physical resources they
Skilled workers, family members, business people and Start-Up Visa entrepreneurs are all welcome in Canada, but not investment immigrants. For a country that ranks high, if not at the top, of the list of preferred destination for immigrants, Canada’s stubborn refusal to revive its immigration program for wealthy investors is perplexing. Why Investment Immigration in
Immigrants are more likely to become entrepreneurs than the average person because those who leave their countries to start a new life elsewhere are more willing to take risks, says a researcher. “Voluntary international migrants have a more entrepreneurial personality as a result of self-selection,” writes Peter Vandor, a senior researcher and lecturer at the
Ontario is speeding up the process for immigrant entrepreneurs and lightening their load by reducing the amount of monitoring so they can concentrate on growing their businesses. Earlier this month, the central Canadian province passed regulatory amendments that affect the Ontario Immigrant Nominee Program’s Entrepreneur stream. Ontario is making its virtual interview process permanent and
Immigrant entrepreneurs hoping to gain their permanent residency in Canada through the Start-Up Visa program will need to prove they have more settlement funds than required last year. “The Government of Canada does not give financial support to new Start-Up Visa immigrants,” notes Immigration, Refugees and Citizenship Canada (IRCC) on its website. “When you apply,
