Startup Visa Eligibility Requirements.
Valid Business Qualification
To get the Canada startup visa, entrepreneurs must possess a qualifying business. This entails holding a minimum of 10% of the voting rights attached to all outstanding shares of the business, with no other individual having a 50% or higher share of the total voting rights.
Letter of Support from a Designated Organization
Applicants are required to obtain a letter of support from a designated organization. These entities are approved business groups that invest in or support potential start-ups to help them secure their startup visa in Canada.
Language Proficiency
Language skills are crucial for the success of the startup visa application in Canada. Therefore, applicants must demonstrate proficiency in English, French, or both languages by taking a language test from an approved agency and achieving at least the minimum level of the Canadian Language Benchmark (CLB) 5 in all four language areas.
Adequate Settlement Funds
Startup Visa immigrants do not receive financial assistance from the Canadian Government. Applicants must show that they possess sufficient funds to support themselves and their dependents upon their arrival in Canada. The required amount of funds depends on the size of the applicant's family.
Business Plan
Letter of Support
Product Validation
Pitch Coaching
Market Surveys
Pitch Deck
Business Ideation
Market Research
MVP Development
Business Incorporation
Intellectual Property
Financial Modeling
Focus Group
Customer Persona
Venture Reporting
