In 2016, Canada's business immigration Start-Up Visa program
is expected to become a more popular financing option for start up
companies across Canada.
Over the past few years, Canada's long standing federal
business immigration programs were largely eliminated with the
cancelation of the former Federal Immigrant Investor program and
the Federal Entrepreneur program. Its replacement programs include
the Start-Up Visa Program and the much smaller Immigrant Investor
Venture Capital (IIVC) Pilot Program launched in early 2014. The
latter program is geared to ultra high net worth individuals but
remains uncompetitive in the market.
Industry insiders believe the federal Start-Up Visa Program with
an annual quota of 2750 applications could realize a potential
annual market capitalization exceeding $800 million during the next
3-5 years and become a major alternative to the Quebec Immigrant
The Federal Start Up Visa Program issues Canadian permanent
residence to qualified immigrant entrepreneurs. The program seeks
to attract innovative entrepreneurs to Canada and link them with
Canadian private sector businesses via government approved (angel
investor groups, venture capital funds or business incubators) who
will act as facilitators for the establishment of their start-up
business in Canada.
The program operates under three stages. Under the first stage,
an investor is matched with a suitable qualifying business. Under
the second stage, the successful applicant will quickly receive a
temporary work permit. Under the final stage, the approved investor
and family members will receive Canadian permanent residence.
Current processing delays are approximately six (6)
months to receive visas.
Interested employers: Kindly contact us
here to receive further information. Interested candidates: Find out whether you
qualify to Canada by completing our
free on-line evaluation. We will provide you with our
evaluation within 1-2 business days.
The content of this article reflects the personal insight of
Attorney Colin Singer and needs no disclaimer
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October 12th, 2016 - Immigration authorities conducted the 21st round of invitations under Express Entry in 2016 and 44th overall, inviting 1518 applicants for permanent residence with a lowest CRS score of 484.
October 19th, 2016 - Immigration authorities conducted the 22nd round of invitations under Express Entry in 2016 and 45th overall, inviting 1804 applicants for permanent residence, the largest number ever. The lowest CRS score was 475, a decline from the previous draw.
September 21st, 2016 - Immigration authorities conducted the 20th round of invitations under Express Entry in 2016 and 43rd overall, inviting 1288 applicants for permanent residence with a lowest CRS score of 483.
A unique feature of the new Canada express entry immigration system is that candidates can improve their comprehensive ranking score while in the express entry pool, without submitting a new application. We review important strategies.
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