hi everyone my name is Marilyn Quintana I'm a regulated Canadian Immigration
consultant and that Director of operations at e-Visa immigration. In this video we are
going to talk about the startup visa program before we start please subscribe
to our channel click on the little bell right below so you can receive our
weekly notifications and please feel free to leave us a comment in order to
qualify for the startup visa program there is for only four basic
requirements the first one is to have a qualifying business and in this case
having a qualifying business, means that you have an idea an innovative idea and
with the support of its designated institution you are going to develop
that idea in order to become a business in Canada you must hold at least 50% of
the shares of the company and these shares can be jointly owned with
designated organisation from the time they receive your permanent resident
visa you are expected to have your business incorporated in Canada and have
an active management role in managing your business from Canada your business
may have some kind of operation overseas as well but the essential part of the
operations must happen in Canada. 2 you must have a letter of support from a
designated institution there are three types of designated institutions that you
can find 1 "venture capital" 2 "angel investor" 3 "Incubators" if you get a
letter of support from a venture capital organization you are also required to
receive $200,000 in support for your business if you choose to work with an
angel investor the amount of support that they have to give you it's of at
least $75,000 the third type of organization that it can work with is an
incubator and in this case it's easier to work with them because
they are not required to give you any financial support so pretty much you
have to prepare yourself to pitch your idea for one of these organizations
according to your expectations and if they accept your project they will be
working with you to develop your business and at the end of their process
they are going to give you the letter of support that's required for your
application for permanent residency the third requirement it is language skills
you are required to present an English test can be stopped up general training
or IELTS general training any our score has to be minimum of CLB5 okay so it's
actually very very low and quite easy to obtain I would say that CLB5 is
equivalent to pre-intermediate so I would say that's very possible for you
to achieve to the score and the fourth and last requirement it is to have
settlement funds the settlement funds is determined by the government according
to the size of your family and variety of thousand dollars to $30,000 according
to the number of people that are coming with you
one of the great things about the startup visa is that you don't need to
do it by yourself you can have up to five partners working with you in your
business strategy which means that up to five families can join together for this
project and up to five families can obtain permanent resident in Canada.
We at e-Visa Immigration, can assist you to get introduced to one of these organizations
pitch or your idea and we can also work actively to facilitate the process of
you being accepted by the incubator and also provide you Total support for
application for permanent residency if you are entrepreneur at heart this is
definitely a great opportunity for you so that's all for today I hope you liked
this video if you did please give it a thumbs up subscribe to our Channel and
please give us a comment below thanks for watching and see you next time