Frequently asked Questions
Иммиграция в Канаду для предпринимателей
Who is this immigration program for?
Canadian immigration program Start-up Visa is aimed at entrepreneurs with the skills and potential to set up a business in Canada. Entrepreneurs who are ready to come to Canada, open their own innovative business, are ready to develop their company in international markets and create jobs for Canadians.
What are the options besides studying at a business institute?
There are three options within the framework of the Start-up Visa program:
How do investors and venture funds evaluate projects?
Unlike business institutions, investors view your project as mature, promising and not risky, because they invest their own money. Keep in mind that you will need to prove that your company's revenue is at least $100,000 per year in the case of private investors. Venture capital funds usually consider business projects with revenues above $100,000 per month.
How much does it cost and how long does it take to study at a business institute?
Training can take place both in person and remotely, it depends on the program of the institute. The cost and duration of training also depends on the institution you choose. It can be from 8000 $CA to 30000 $CA, and the training period is from 2 weeks to 12 months.
Training must be completed among specific institutions accredited by the Government of Canada, a list of them can be found on the website.
How many founders can my business project have?
From one business project that passes under the Start-up Visa program there can be no more than 5 applicants, that is 5 people can apply as an owner. At the same time, there can be no more than 5 applicants from one business project, each of which owns at least 10% of the project.
Does every founder of a business project need to be trained?
All founders who want to apply for obtaining the documents necessary for immigration must undergo training.
How many jobs should I create?
We recommend that you expect at least two local Canadians to be employed by your company within the first year of the company's incorporation.
Is there a competition for admission to a business institute?
Entering a business institute is not as easy as it might seem. Depending on the institute, the competition can reach up to 30 people per place, so preparation for admission is very important.
You need to prepare a presentation of your business project, accompanied by a confirmation of interest in it from your business partners or potential clients, fill out an application for admission, and pass an interview.
How the admission to a business institute happens?
Once you have chosen a business institute, you need to follow the instructions on their website. Usually, the Institute sends you an application form, which you need to fill out, attaching information about your business project to it. The application may include questions related to your business, as well as about you and your experience.
If your project passes the first stage of selection, a representative of the business institute will contact you to set an interview date. We recommend that you prepare in advance for the interview, as the main decision depends on it.
Our task is to help you prepare your business project, apply to the institute and prepare for an interview.
What do you need to do upon arrival in Canada?
After arriving in Canada, you need to:
What does innovative business mean?
Often people mean by innovation something unique from the category of space flights or new aircraft turbines, but this is not the case. Innovation is any innovation that leads to improved process efficiency or improved product quality that is required by the market.
For example, a regular grocery store is not innovative, but a self-service checkout store where the grocery cart is automatically scanned, where customers spend less time at the checkout, or pay without a checkout at all, can be called innovative.
At the same time, innovations always change. For example, now it is impossible to call an innovative service for calling a taxi through the application. It is also worth mentioning an example of “innovative approach”, such as a service that allows you to choose an insurance company based on your budget, your health and other conditions.
At the same time, it should be noted that innovations certainly include any projects, technological developments or applicable scientific research. Research and technology from areas such as: data protection, artificial intelligence, robotics, healthcare and inclusion, pharmacology, solving problems with the availability of food, innovation in transportation, hiring, film production, cloud and financial services, virtual and augmented reality, programming and administration and more.
The innovativeness of an approach is determined by one or more of the following criteria:
How soon can I come to Canada after my studies?
Consideration of an application for a Permanent Residence (permanent residence) can take from 15 to 25 months. However, while your application for Permanent Residence is being processed, you can apply for a temporary work permit in order to enter Canada more quickly and start developing your business project.
Canadian immigration program Start-up Visa is aimed at entrepreneurs with the skills and potential to set up a business in Canada. Entrepreneurs who are ready to come to Canada, open their own innovative business, are ready to develop their company in international markets and create jobs for Canadians.
What are the options besides studying at a business institute?
There are three options within the framework of the Start-up Visa program:
- You must convince one or more investors from accredited communities to invest a minimum of $75,000 in your project.
- You must convince at least one of the accredited venture capital funds to invest at least $200,000 in your project.
- You need to complete your studies at one of the accredited business institutes and be accepted into one of the programs.
How do investors and venture funds evaluate projects?
Unlike business institutions, investors view your project as mature, promising and not risky, because they invest their own money. Keep in mind that you will need to prove that your company's revenue is at least $100,000 per year in the case of private investors. Venture capital funds usually consider business projects with revenues above $100,000 per month.
How much does it cost and how long does it take to study at a business institute?
Training can take place both in person and remotely, it depends on the program of the institute. The cost and duration of training also depends on the institution you choose. It can be from 8000 $CA to 30000 $CA, and the training period is from 2 weeks to 12 months.
Training must be completed among specific institutions accredited by the Government of Canada, a list of them can be found on the website.
How many founders can my business project have?
From one business project that passes under the Start-up Visa program there can be no more than 5 applicants, that is 5 people can apply as an owner. At the same time, there can be no more than 5 applicants from one business project, each of which owns at least 10% of the project.
Does every founder of a business project need to be trained?
All founders who want to apply for obtaining the documents necessary for immigration must undergo training.
How many jobs should I create?
We recommend that you expect at least two local Canadians to be employed by your company within the first year of the company's incorporation.
Is there a competition for admission to a business institute?
Entering a business institute is not as easy as it might seem. Depending on the institute, the competition can reach up to 30 people per place, so preparation for admission is very important.
You need to prepare a presentation of your business project, accompanied by a confirmation of interest in it from your business partners or potential clients, fill out an application for admission, and pass an interview.
How the admission to a business institute happens?
Once you have chosen a business institute, you need to follow the instructions on their website. Usually, the Institute sends you an application form, which you need to fill out, attaching information about your business project to it. The application may include questions related to your business, as well as about you and your experience.
If your project passes the first stage of selection, a representative of the business institute will contact you to set an interview date. We recommend that you prepare in advance for the interview, as the main decision depends on it.
Our task is to help you prepare your business project, apply to the institute and prepare for an interview.
What do you need to do upon arrival in Canada?
After arriving in Canada, you need to:
- register your company in Canada
- operate this business while in Canada
- transfer a significant part of business processes to Canada
- hire at least 2 Canadian residents in the first year
What does innovative business mean?
Often people mean by innovation something unique from the category of space flights or new aircraft turbines, but this is not the case. Innovation is any innovation that leads to improved process efficiency or improved product quality that is required by the market.
For example, a regular grocery store is not innovative, but a self-service checkout store where the grocery cart is automatically scanned, where customers spend less time at the checkout, or pay without a checkout at all, can be called innovative.
At the same time, innovations always change. For example, now it is impossible to call an innovative service for calling a taxi through the application. It is also worth mentioning an example of “innovative approach”, such as a service that allows you to choose an insurance company based on your budget, your health and other conditions.
At the same time, it should be noted that innovations certainly include any projects, technological developments or applicable scientific research. Research and technology from areas such as: data protection, artificial intelligence, robotics, healthcare and inclusion, pharmacology, solving problems with the availability of food, innovation in transportation, hiring, film production, cloud and financial services, virtual and augmented reality, programming and administration and more.
The innovativeness of an approach is determined by one or more of the following criteria:
- a service or service has become faster even while maintaining the same functions and the same result,
- product or service has become safe, inclusive,
- a product or service has expanded the user's capabilities or become more accessible both financially and user-wise.
How soon can I come to Canada after my studies?
Consideration of an application for a Permanent Residence (permanent residence) can take from 15 to 25 months. However, while your application for Permanent Residence is being processed, you can apply for a temporary work permit in order to enter Canada more quickly and start developing your business project.
When should I take the language exam?
However, in order to obtain a Permanent Residence, you will need to take a language test at the place of residence at an approved agency (for example, IELTS) and attach the results to your application. You need to meet a minimum level of Canadian Language Benchmark (CLB) 5 in either English or French in all of these four areas:
- oral speech
- reading
- speech understanding
- ability to write
It is worth noting that this program has the most minimal requirements for knowledge of the language.
How much more money will be needed?
The cost of services depends on the package of services you choose from 4900 $US to 9900 $US.
Do I need to prove the availability of money to start a business?
According to the rules of the program, you are not required to confirm the availability of money in the account, which is necessary for starting a business. If you have your own funds, great, otherwise you can try to find an investor in Canada.
You do not need to provide any documents to study at a business institute.
However, in order to obtain a Permanent Residence, you will need to take a language test at the place of residence at an approved agency (for example, IELTS) and attach the results to your application. You need to meet a minimum level of Canadian Language Benchmark (CLB) 5 in either English or French in all of these four areas:
- oral speech
- reading
- speech understanding
- ability to write
It is worth noting that this program has the most minimal requirements for knowledge of the language.
How much more money will be needed?
The Canadian government expects you to have enough money with you to provide for your family. When you apply, you will be required to provide proof that you have the money to support yourself and your dependents once you arrive in Canada. In the case of Canada, it will be enough for you to provide a certificate of the state of your personal bank account.
The amount required depends on the size of your family, please note that the Government of Canada updates these amounts every year. The amount for a family of three for 2022 is $20,371 CA.
How much do your services cost?
The cost of services depends on the package of services you choose from 4900 $US to 9900 $US.
Do I need to prove the availability of money to start a business?
According to the rules of the program, you are not required to confirm the availability of money in the account, which is necessary for starting a business. If you have your own funds, great, otherwise you can try to find an investor in Canada.
Do I need to have entrepreneurial experience or proven managerial experience?
Of course, this will be your advantage when passing an interview at the institute, but there are no specific requirements or restrictions associated with its absence.
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Unit 418, 7250 Keele Street, Concord, ON L4K 1Z8
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