As the world becomes more connected, companies need access to top talent and capital. This is where a globally-minded startup comes in. If you’re an entrepreneur with a brilliant idea, a start-up could be the answer you’ve been looking for.
Canada has started cracking down on the number of temporary workers that come into the country and will now only offer points for immigrants who have skills that Canada needs. However, before you rush out to apply for your Canadian startup visa, read this article so you can get the most from it.
Read on to learn everything from what a startup visa is and if it’s right for your business, to how to apply for one and clear any outstanding immigration issues afterward.
What Is A Startup Visa?
A startup visa is a special permit that Canada offers to entrepreneurs who have a business that could benefit the country. The purpose of the startup visa is to let in skilled entrepreneurs and investors who can help grow Canada’s economy.
With the startup visa, entrepreneurs can apply for permanent residence in Canada after one year as business owners. The advantage of a startup visa is that it opens up all the avenues that come with being a permanent resident in Canada. Instead of just getting a work visa, you can also apply for a study visa, open a business bank account, enroll your child in school, and get a driver’s license.
Get Help With Your Visa Application
If you’re ready to apply for a startup visa, you’ll need to start by getting a sponsor. You can apply on your own, but having a Canada startup visa lawyer or sponsor that can guide you through the application process can save you a lot of time and money.
If you don’t have a Canadian immigration lawyer, you can find one in your country by searching “immigration lawyer” in your city or country. You’ll also need to find a sponsor for your application.
The sponsor will vouch for your application and give you advice on how to get the most from the process. You can find a sponsor and a lawyer in your area.
Clear Any Outstanding Immigration Issues After You’ve Applied
Now that you have a startup visa, you’ll want to make sure the immigration issues from your application are cleared. In general, you’ll need to comply with the conditions for your visa for the first five years you’re a permanent resident of Canada.
This means you’ll need to file income taxes, pay fees, show up for interviews and maintain your status. If you don’t, you’ll face penalties and even be deported. Make sure you get help with your residency as soon as you have your startup visa. You can get help with your residency application in a few ways.
First, you can look online for Canadian immigration lawyers, who charge a percentage of your application’s cost. Second, you can ask your local immigration office for a referral. Many offices have a list of approved immigration consultants that you can contact.
Starting a business is one of the most exciting things you can do, but it’s also a challenging process. While it’s rewarding to see your idea come to life, it can be difficult to navigate the start-up journey. Fortunately, Canada has launch pads like the startup visa that can help bring skilled entrepreneurs and investors to the country.
With a startup visa, you can apply for permanent residence in Canada, which comes with a variety of benefits. To get one, you’ll need to prove that your idea is viable and that you have enough experience to run a successful business. Once you have your startup visa, make sure the immigration issues from your application are cleared.