If you’re not a Canadian and are looking to establish an enterprise or business in Canada or Canada, you can make use of Canada’s Startup Visa program.

The program encourages entrepreneurs from abroad to establish their businesses in Canada. Successful applicants are able to tie up with private firms within Canada and receive assistance with financing and advice on how to run their businesses.

However the visa program is governed by specific guidelines for the requirements for ownership and shareholding for startups.

• The requirements for visa applicants to be eligible are:
• Be sure that your business has the support required
• You must meet the requirements for ownership
• The applicant must have the necessary proficiency either in English or French
• At the very least one year of postsecondary education
• You must have sufficient funds to establish a home in Canada and to support family members who are dependent on you.
• Medical tests must be passed and security conditions

Candidates for this visa need to be sponsored or supported by the by a designated Canadian venture capital investment fund angel investor or business incubator to be eligible to be eligible for this visa.

The IRCC has identified specific venture capital funds investors groups, business incubators to be a part of this visa program.

Startups who are successful in obtaining through this program need to obtain the minimum investment. If the investment is from an investment fund for venture capital, the the minimum investment must be USD 200 000. If the investment is made by or a group of angel investors, the amount must be at least USD 75,000. Additionally, applicants must be part of an Canadian Business incubator.