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View File Name : entrepreneurs-program.php

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                        <li><a href="index.php">Home</a></li>
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                            <h1 class="section-title__title">Entrepreneurs Program</h1>
                            <p class="about-one__text-2">The Start-Up Visa Immigration Program enables eligible
                                immigrant entrepreneurs to apply for Canadian permanent residence (PR) while supporting
                                them to establish their business in Canada.</p>
                            <p class="about-one__text-2">This visa program is specifically designed for immigrant
                                entrepreneurs to establish and grow their start-up businesses in Canada. The Canadian
                                Government provides various opportunities and means to the eligible entrepreneurs to
                                connect them with private industries, that already exist in Canada that provide the
                                foreign start-ups required funding, suggestions and guidance towards starting and also
                                operating their businesses in Canada.</p>
                            <div class="faq-one__single">
                                <div class="accrodion-grp faq-one-accrodion" data-grp-name="faq-one-accrodion-1">
                                    <div class="accrodion">
                                        <div class="accrodion-title">
                                            <h4><span>!</span> Eligibility Requirements </h4>
                                        </div>
                                        <div class="accrodion-content">
                                            <div class="inner">
                                                <p class="about-one__text-2">The main purpose of this Start-up program
                                                    is to invite innovative foreign entrepreneurs to Canada and help
                                                    them create jobs for Canadian citizens and residents and drive the
                                                    economic growth of Canada.</p>
                                                <p class="about-one__text-2">The applicants are required to meet the
                                                    following requirements in order to apply for the Start-up visa
                                                    program:</p>
                                                <div class="contened-icon-box">
                                                    <div class="contened-icon">
                                                        <div class="cont-icon"><i
                                                                class="fa-regular fa-circle-check"></i></div>
                                                    </div>
                                                    <div class="contened-content">
                                                        <div class="contened-desc">
                                                            <p> Meet the minimum English or French language requirements
                                                                (at least CLB 5 across all factors)</p>
                                                        </div>
                                                    </div>
                                                </div>
                                                <div class="contened-icon-box">
                                                    <div class="contened-icon">
                                                        <div class="cont-icon"><i
                                                                class="fa-regular fa-circle-check"></i></div>
                                                    </div>
                                                    <div class="contened-content">
                                                        <div class="contened-desc">
                                                            <p> Hold sufficient funds to support yourself in Canada</p>
                                                        </div>
                                                    </div>
                                                </div>
                                                <div class="contened-icon-box">
                                                    <div class="contened-icon">
                                                        <div class="cont-icon"><i
                                                                class="fa-regular fa-circle-check"></i></div>
                                                    </div>
                                                    <div class="contened-content">
                                                        <div class="contened-desc">
                                                            <p> Plan to establish your yourself and your business in any
                                                                of the Canadian provinces, other than Quebec</p>
                                                        </div>
                                                    </div>
                                                </div>
                                                <div class="contened-icon-box">
                                                    <div class="contened-icon">
                                                        <div class="cont-icon"><i
                                                                class="fa-regular fa-circle-check"></i></div>
                                                    </div>
                                                    <div class="contened-content">
                                                        <div class="contened-desc">
                                                            <p> Clear the Canadian security and medical tests</p>
                                                        </div>
                                                    </div>
                                                </div>
                                                <div class="contened-icon-box">
                                                    <div class="contened-icon">
                                                        <div class="cont-icon"><i
                                                                class="fa-regular fa-circle-check"></i></div>
                                                    </div>
                                                    <div class="contened-content">
                                                        <div class="contened-desc">
                                                            <p> Provide proves showing your business is supported by a
                                                                designated organization</p>
                                                        </div>
                                                    </div>
                                                </div>
                                                <div class="contened-icon-box">
                                                    <div class="contened-icon">
                                                        <div class="cont-icon"><i
                                                                class="fa-regular fa-circle-check"></i></div>
                                                    </div>
                                                    <div class="contened-content">
                                                        <div class="contened-desc">
                                                            <p> Provide proves to show that your start-up business
                                                                appropriately meets ownership requirements</p>
                                                        </div>
                                                    </div>
                                                </div>
                                                <br>
                                                <p class="about-one__text-2">Please note, a maximum number of five
                                                    foreign nationals are allowed to apply together for the permanent
                                                    residence (PR) visa of Canada under a same business venture, when
                                                    applying through the Start-Up Visa Program. Investment Details The
                                                    Immigration, Refugees and Citizenship Canada or the IRCC has
                                                    included three organizations to provide support to immigrant
                                                    entrepreneurs through the Start-Up Visa Program. These includes:</p>
                                                <div class="contened-icon-box">
                                                    <div class="contened-icon">
                                                        <div class="cont-icon"><i
                                                                class="fa-regular fa-circle-check"></i></div>
                                                    </div>
                                                    <div class="contened-content">
                                                        <div class="contened-desc">
                                                            <p> Venture Capital Funds</p>
                                                        </div>
                                                    </div>
                                                </div>
                                                <div class="contened-icon-box">
                                                    <div class="contened-icon">
                                                        <div class="cont-icon"><i
                                                                class="fa-regular fa-circle-check"></i></div>
                                                    </div>
                                                    <div class="contened-content">
                                                        <div class="contened-desc">
                                                            <p> Angel Investor Groups</p>
                                                        </div>
                                                    </div>
                                                </div>
                                                <div class="contened-icon-box">
                                                    <div class="contened-icon">
                                                        <div class="cont-icon"><i
                                                                class="fa-regular fa-circle-check"></i></div>
                                                    </div>
                                                    <div class="contened-content">
                                                        <div class="contened-desc">
                                                            <p> Business Incubator Organizations </p>
                                                        </div>
                                                    </div>
                                                </div>
                                                <br>
                                                <p class="about-one__text-2">Those applicants who become successful in
                                                    getting the Start-Up Visa are then required to receive a minimum
                                                    investment amount to establish their start-up venture in Canada. If
                                                    secured from an authorized venture capital fund in Canada, the
                                                    amount of investment should be at least equivalent to CAD 200,000.
                                                    However, if received from a designated angel investor group, then it
                                                    should be equivalent to at least CAD 75,000.</p>
                                                <p class="about-one__text-2">Successful applicants are not required to
                                                    gain any investment from a business incubator organization. But it
                                                    would be necessary for these applicants to get accepted as part of
                                                    the Canadian Business Incubator Program. </p>
                                                <p class="about-one__text-2">Moreover, applicants do not need to invest
                                                    their own money to establish their business in Canada. In case their
                                                    start-up turns out to be unsuccessful, then also those individuals
                                                    who are being granted permanent residence through the start-up
                                                    program would be able to still retain their permanent resident
                                                    status.</p>
                                            </div><!-- /.inner -->
                                        </div>
                                    </div>
                                    <div class="accrodion active">
                                        <div class="accrodion-title">
                                            <h4><span>!</span> Evidence of Commitment </h4>
                                        </div>
                                        <div class="accrodion-content">
                                            <div class="inner">
                                                <p class="about-one__text-2">In order to prove that the applicant has
                                                    secured financial support from either of the three investor
                                                    organizations, that are venture capital fund, angel investor group
                                                    or a business incubator organization, they will be required to
                                                    submit a Commitment Certificate to the IRCC. </p>
                                                <p class="about-one__text-2">It mainly includes the document which
                                                    details all the information approving the agreement that exist
                                                    between the applicant and the particular investment organization.
                                                </p>
                                                <p class="about-one__text-2">In addition to this, the applicant also
                                                    receives a letter of support, issued by one of the investment
                                                    organizations, which is then required to be submitted by the
                                                    applicant as part of the permanent residence (PR) application. In
                                                    case there are two or more applicants applying for the PR visa under
                                                    the same business venture, then the commitment made by the
                                                    investment organization would be conditional towards either only one
                                                    or more essential individuals in the group that have applied for the
                                                    PR visa. </p>
                                                <p class="about-one__text-2">This essential individual would be the one
                                                    who has been particularly identified as more important for the
                                                    business as compared to others by the investment organization.
                                                    However, if under certain conditions, the PR application of the
                                                    essential individual is rejected, then the application being
                                                    submitted by all other eligible individuals that are included in the
                                                    Commitment Certificate will also be rejected.</p>
                                            </div><!-- /.inner -->
                                        </div>
                                    </div>
                                    <div class="accrodion last-chiled">
                                        <div class="accrodion-title">
                                            <h4><span>!</span> Support received from Multiple Organizations
                                            </h4>
                                        </div>
                                        <div class="accrodion-content">
                                            <div class="inner">
                                                <p class="about-one__text-2">Eligible applicants who apply for the
                                                    permanent residence (PR) visa through the entrepreneur Start-Up Visa
                                                    Immigration Scheme also have the right to access support from more
                                                    than one designated organization; the process is known as
                                                    syndication. However, in such scenario all the stakeholders involved
                                                    must be recognized. After that, all the designated organization are
                                                    mandated to provide IRCC with one Commitment Certificate and a
                                                    single letter of support for all the applicants involved. </p>
                                                <p class="about-one__text-2">As soon as one of the designated
                                                    organizations (for instance, venture capital fund) listed above
                                                    invests in the start-up business, the minimum investment that can be
                                                    made to the business is necessitated to be equivalent to CAD
                                                    200,000, even if one more designated organization (for instance,
                                                    angel investor group) is also involved in making an investment in
                                                    the same business. </p>
                                                <p class="about-one__text-2">However, if the business is able to receive
                                                    support from one designated angel investor group, but not from ant
                                                    designated venture capital group, in that case the minimum total
                                                    amount that is required to be invested towards the business
                                                    establishment should be equivalent to CAD 75,000.</p>
                                            </div><!-- /.inner -->
                                        </div>
                                    </div>
                                    <div class="accrodion last-chiled">
                                        <div class="accrodion-title">
                                            <h4><span>!</span> Peer Review Process</h4>
                                        </div>
                                        <div class="accrodion-content">
                                            <div class="inner">
                                                <p class="about-one__text-2">A Peer Review Process has been incorporated
                                                    as an important element of entrepreneur Start-Up Visa Immigration
                                                    Program, with an aim to protect this particular pilot program from
                                                    frauds. The main purpose of including this process to ensure that
                                                    the partnership between the designated investment organizations and
                                                    entrepreneurs applying from overseas via the Start-Up visa scheme is
                                                    legitimate. Immigration Officer has the authority to ask the Peer
                                                    Review Panel to independently assess the commitment between the two
                                                    stakeholders and thereby evaluate the authenticity of the process.
                                                </p>
                                                <p class="about-one__text-2">These Peer Review Panel has been made by a
                                                    single industry association which then represents the three
                                                    investment organizations making the commitment through its
                                                    sub-bodies. For instance, the National Angel Capital Organization is
                                                    mainly responsible for including the peer review panel when
                                                    assessing the commitment of Angel Investor Group. Also, if the
                                                    commitment has been made by the Venture Capital Fund, then both or
                                                    either of Venture Capital Association and/or the Private Equity
                                                    Association would be responsible for evaluation. </p>
                                                <p class="about-one__text-2">Further, Peer Review Process is necessary
                                                    for confirming if the particular investment organization has
                                                    followed proper checks and investigation procedures, complying with
                                                    the industry standards. </p>
                                                <p class="about-one__text-2">The Peer Review Panel therefore examines
                                                    the level of integrity adhered by the designated investment
                                                    organization while also:</p>
                                                <div class="contened-icon-box">
                                                    <div class="contened-icon">
                                                        <div class="cont-icon"><i
                                                                class="fa-regular fa-circle-check"></i></div>
                                                    </div>
                                                    <div class="contened-content">
                                                        <div class="contened-desc">
                                                            <p> ensures that the business will be eventually
                                                                incorporated in Canada</p>
                                                        </div>
                                                    </div>
                                                </div>
                                                <div class="contened-icon-box">
                                                    <div class="contened-icon">
                                                        <div class="cont-icon"><i
                                                                class="fa-regular fa-circle-check"></i></div>
                                                    </div>
                                                    <div class="contened-content">
                                                        <div class="contened-desc">
                                                            <p> ensures that the ownership of the business has been
                                                                properly verified and will satisfy the requirements of
                                                                the program</p>
                                                        </div>
                                                    </div>
                                                </div>
                                                <div class="contened-icon-box">
                                                    <div class="contened-icon">
                                                        <div class="cont-icon"><i
                                                                class="fa-regular fa-circle-check"></i></div>
                                                    </div>
                                                    <div class="contened-content">
                                                        <div class="contened-desc">
                                                            <p> ensures that the designated investment organization has
                                                                appropriately considered the feasibility of the business
                                                                model being proposed and has assessed the management
                                                                team of the start-up venture and has also verified the
                                                                intellectual property’s ownership</p>
                                                        </div>
                                                    </div>
                                                </div>
                                                <div class="contened-icon-box">
                                                    <div class="contened-icon">
                                                        <div class="cont-icon"><i
                                                                class="fa-regular fa-circle-check"></i></div>
                                                    </div>
                                                    <div class="contened-content">
                                                        <div class="contened-desc">
                                                            <p> checks that the objective of the business is to develop
                                                                potential products and services, that could promise high
                                                                turnover rates</p>
                                                        </div>
                                                    </div>
                                                </div>
                                                <div class="contened-icon-box">
                                                    <div class="contened-icon">
                                                        <div class="cont-icon"><i
                                                                class="fa-regular fa-circle-check"></i></div>
                                                    </div>
                                                    <div class="contened-content">
                                                        <div class="contened-desc">
                                                            <p> allows acceptance of business incubator applicants into
                                                                the incubator program.</p>
                                                        </div>
                                                    </div>
                                                </div>
                                                <br>
                                                <p class="about-one__text-2">Since this is a pilot program, it can only
                                                    process up to 2,750 applications annually. In addition to this, the
                                                    complete duration of the visa program has been capped only five
                                                    years. However, if this Start-Up visa program turns out to be
                                                    successful, then the Canadian Government can choose to make the
                                                    Start-Up visa scheme permanent before the end of its five-year
                                                    period.</p>
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