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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,
Strong start-up ecosystem hubs in major Canadian cities make it a great country for entrepreneurs looking for a place to set up a new business, the latest Global Start-up Ecosystem Index Report reveals. “Canada has massive potential,” states the report published by the start-up ecosystem think tank StartupBlink. “Considering the active approach by an efficient
South Africans hoping to gain permanent residency in Canada under the Start-Up Visa program are enjoying a level of success that is nothing short of remarkable. An amazing 90 per cent of South African applicants to Canada’s Start-Up Visa program are accepted, far in excess of the average overall acceptance rate of 38 per cent,
Canada is doing a better job of attracting immigrant entrepreneurs through the Start-Up Visa program than the United States, according to leading American business magazine Forbes. “While America has tried and failed to pass a Start-Up Visa geared toward immigrant entrepreneurs for years, Canada is one of two dozen countries, including the U.K. and Singapore,
Immigrants moving to Canada need to have a minimum amount of settlement funds under the Start-Up Visa program. This money cannot be borrowed. Ottawa does not provide immigrants arriving under Start-Up Visa program with any financial support. Importantly, applicants must have sufficient finances to fund their start up project. Receiving support from an Angel Investor
International graduates who were not one of the applicants for Canada’s new pathway to permanent residency should consider the Start-Up Visa alternative. When Canada’s one-time pathway to PR for 40,000 international graduates went live last week, the spots were filled in just over 24 hours. While more spaces may or may not become available under
