Canada – To explore newer horizons for Indian entrepreneurs

Since its inception in 2015, Canada Start-up Visa program has been one of quirkiest ways Indians have used to relocate to Canada leading to citizenship there. This has been a big attraction for Indian entrepreneurs as it provides permanent residence in Canada apart from exposure to the newer growth markets.

This program which started in 2015 as a three-year pilot project got its permanent independent identification in the year 2018. Post lock-down, this program has again started to gain more traction from the entrepreneurs with global perspectives. It was rolled out by the Canadian government with an intention to attract the right talent into the country. The prospectus was to increase the business operations there.

One of the biggest advantages of the program is to that the successful applicants can relocate to Canada in complete along with their immediate families; with all of the family members being able to enjoy all benefits similar to a Permanent resident. Through this program, the successful immigrants can then pursue Canadian citizenship within 4 to 5 years of relocating to Canada. The program doesn’t require the applicants to prove their educational qualification nor provide any kind of certificates to qualify for the program.

This program does not require the Indian entrepreneurs to prove their net-worth either. However, Canada start-up Visa requirements include that the applicants provide a proper start-up business plan. This start-up should be scalable. One of the main purposes behind the Canada Start-up visa is to generate job opportunities for the local Canadians.

To qualify for this program, the applicants should have been running a qualifying business and should have obtained a "Letter of Support" from business houses/designated organizations recognized for the job by the IRCC (Immigration, refugees and citizenship, Canada). It would be up to these organizations to qualify a business idea or a business. Each of the application will have its own time line to get reviewed since it could completely be based on the nature of the business, its operations and its location. Once the Letter of Support is obtained, the applicants can then proceed with the Visa Processing.

One of ICCRC (Immigration Consultants of Canada Regulatory Council) recognized organizations operating in India is XIPHIAS Immigrations. XIPHIAS Immigration supports investment migration and provides, assistance and guidance to all those investors and entrepreneurs who would want to explore and settle in Canada.

Apart from India, entrepreneurs from across the globe are applying for this program in large numbers. Till date, around 1452 individuals have been approved of Canadian Start-up Visas since 2015. Of these 16% are Indians who have successfully started their businesses in many fields. This Canada Start-up Visa processing time could vary anytime between 12 to 18 months. The entrepreneur will need to provide the required documentation and help XIPHIAS to help them. XIPHIAS, as part of their engagement will provide a step-by step guidance to their clients to help them relocate to Canada in the easiest manner possible.

This Start-up Canada Visa Consultants also provide guidance about what business would work in Canada and can direct entrepreneurs to the best organizations to help them get incubated into Canada or get the best support required for their start-up in Canada.

Although, the pandemic effect is still lingering on the immigration numbers, the constant progress in Canada, both shown by the economic and governing bodies is helping the aspirant migrants change their stand towards bringing their dreams to reality.

XIPHIAS Immigration, addresses the monetary fears of their clients through effective program management for Canada Residency by investment program. Most countries are slowly reducing their air travel restrictions.

The start-up visa could be applied by a group of 5 and the team could have co-founders, entrepreneurs and/ or professionals as part. Indian investors too, who intend to invest in Canada start-ups can apply through this program at any of the trial stages and can become part of Canada’s start-up eco system. The program is highly flexible and provides unique opportunities to explore and diversify.

Reach out to XIPHIAS Immigration for further information about this program.

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