The Entrepreneur business visa program provides permanent residence to those people who have the ability and experience to start their own business, boost the economy and create jobs for the people in Canada. They are required to have qualifying business and a minimum net worth of $300,000. It is required that within three years of becoming a permanent resident, the entrepreneur must have controlled and actively managed a qualifying Canadian business for a period of at least one year, and that the business must have created employment opportunities for others. You also need to fulfil the following requirements:
- They must have 2 years of business experience.
- They must have enough money to live and settle in Canada independently.
- Entrepreneurs have to pass the point test and should score at least 35 out of 100 points.
- Need to prove the language proficiency in English and French language.
- There should be no criminal record of the applicant and also pass the medical examination.
Support For Entrepreneur Business Visa
Entrepreneur programs allow you to become a permanent resident. Candidates must have the support of a venture capital fund, angel investor group or business incubator. So, they will support your business and provide the best help to start your new business. The candidate is required to have the support from an investment organization, after that the immigration process will proceed. The important thing is the business idea or plan which you want to start in Canada. It will help you to satisfy one of the investing organizations. If any investing group agrees to support your business, then they will give you a letter of support. Without this letter, you cannot have an Entrepreneur business visa. If you are applying from venture capital fund, then the minimum net worth is $200,000 and if from an angel investor, then the minimum net worth is $75,000.
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