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Did you know that 45% of Fortune 500 companies, including companies such as Amazon, Apple and Tesla, were founded by descendants of immigrants? Steve Jobs is of Syrian descent, Jeff Bezos is of Cuban descent and Elon Musk himself was born in Pretoria, South Africa.
It is a common misconception that immigrants are a drain on the economy, however, according to Business Insider, 45% of the previously mentioned Fortune 500 companies brought in a revenue of $16.1 trillion in 2018 alone.
Bringing your start-up business abroad may be just the ticket you need to live and work in Canada, especially with the allowances made by the Canadian government to support innovative business ventures. For example, a well-known immigrant-owned Canadian company, Shopify, was founded by Tobias Lütke, a German-born entrepreneur. The company brought in a revenue of $1.1 billion last year and saw an increase of over 59% from 2017.
The number of immigrant-owned companies or companies founded by immigrant born children has also increased, from 204 in 2011 to 223 in 2019. In 2018, the total number of immigrant entrepreneurs grew to 251,600.
A recent BDC (Business Development Bank of Canada) study also showed that immigrants are more likely to start a new business venture, inevitably increasing job creation more so than those who are born in Canada.
Canadian employees and entrepreneurs are also ranked as having a higher job satisfaction than most countries, making it the ideal place to relocate to or start up a new business.
To join the thousands of newcomers who get invited to apply for permanent Canadian residence, simply click the link below to chat to one of our qualified immigration experts or keep reading to find out how you can live and work in Canada by starting your own successful business.
How to Immigrate to Canada with a Start-Up Visa
The Canadian government is very eager to help innovative start-ups that will be able to create new jobs as well as compete on a global scale. The first step is to check if you are eligible to apply.
Eligibility for the Start-up Visa Program
You will need to obtain a letter of support from one or more of the following designated organizations, as well as meet certain requirements:
- Venture capital funds;
- Angel investor groups; and/or
- Business incubators.
| Eligibility Requirements |
|---|
| Funding from a designated organization |
| Have a qualifying business |
| Meet language requirements - CLB 5 in either English or French |
| Have sufficient funds to settle in Canada - this includes your dependents |
Your designated organization will need to support your venture financially by investing at least $200,000.
You may also need to submit supporting documentation such as medical exams, police certificate and language testing results along with your visa application forms.
If you are successful, you will receive an ITA (Invitation to Apply) for permanent residence and will be able to live and work in Canada.
How We Can Help You Optimize Your Application
Immigration to Canada can be both complex and confusing. By using our accredited Regulated Canadian Immigration Consultants (RCICs) you will not only optimize your chances of success in the visa application process, but you will receive expert advice on which program is best for your personal needs. Our RCICs are registered with the ICCRC and are legally permitted to assist you by evaluating your eligibility, reviewing all documentation and submitting it to the Canadian government on your behalf.
Don't risk your chances to live and work in Canadian. Let us make sure that all forms are completed correctly and sent in on time. Simply click the link and complete our online application form and we’ll help make your Canadian dream a reality.
