Requirements for receiving PR under Canada Start-Up Visa Program

Canada Startup Visa Program is for overseas entrepreneurs seeking to launch and expand their firms in Canada. It has been developed for businesspeople and identified important individuals in their businesses who wish to launch, work and develop their businesses in Canada.

Business owners are offered Permanent Residence through the Start-up Visa Program. For this, Immigration Refugees and Citizenship Canada must be satisfied their ventures have the potential to:

• Create employment in Canada
• Be innovative in an industry or sector
• Compete on an international scale

Even if the business venture fails upon immigration to Canada, successful applicants under the SUVP will retain Permanent Resident status.

Canada Startup Visa Program aims at entrepreneurs who can launch businesses in Canada that will fuel the economy of the nation.

Eligibility

In order to qualify for the Start-up Visa, you must possess an eligible business. It implies that as a proprietor at any time period, you will have a minimum of 10% of the right to vote in the business.

Additionally, all owners (a maximum of 5 can apply jointly) and the designated investment agency in Canada have to at all times own collectively a minimum of 50% of the total rights to vote.

People possessing such rights have to then:

• Demonstrate that their business has support and sponsorship from a designated agency in Canada
• Make sure that they fulfill the least requirement for language in either French or English
• Possess adequate funds for settling and living in Canada
• Clear medical exam and immigration security checks

Showing backing from a designated institute

You are required to possess backing from a designated agency in Canada as a prerequisite inclusive of evidence of funding. A business entity that has been authorized by the government for investing in or supporting Start-ups is a designated agency.

The designated agency has to offer you a support letter and this has to be included in your Canada pr Visa application. Additionally, the designated agency has to share a certificate of commitment directly with IRCC highlighting their backing and anticipation from the business.

Sponsorship and Support can also be offered by multiple agencies concurrently, also referred to as syndication. In this case, all designated agencies have to be identified and will jointly offer one support letter and certificate of commitment.

Evidence of funding

You are not required to invest any of your personal money under SUVP. But investment and evidence of funding are needed. You will have to demonstrate a specific level of funding based on whether your venture possesses support from an angel investor group or venture capital firm. It must be noted that if the sponsorship has been received from a business incubator, you are not required to provide evidence of funding obtained.

Confirmed funding of CAD 200,000 has to be shown if the sponsorship has been received from a designated Venture Capital / VC group. Confirmed funding of CAD 75,000 has to be shown if the sponsorship has been received from a designated angel investor group. Higher criteria for evidence of funding will be applicable in cases of numerous sponsorships.

A governing 3rd body will also hold a peer review for the designated agency for ensuring that all essential protocol compliances have been adhered to as per SUVP.

Possess satisfactory funds for settling in Canada

The successful candidates under the SUVP are not offered any monetary help by the Government of Canada. You will have to demonstrate possessing adequate funds for you and accompanying family members prior to arrival.

Minimum language proficiency criteria

Candidates are required to demonstrate a minimum CLB /Canadian Language Benchmark 5 in either French or English for the SUVP application. CLB is the system adopted by Canada for evaluating competencies in Listening, Writing, Reading, and Speaking. For English, the tests are CELPIP or IELTS and for French, the tests are TCF or TEF.

Security and Medical clearance

Standard medical and security clearance checks have been adopted by Canada for approving the entry of overseas nationals. A certificate for Police Clearance will be required for proving security clearance and IME - Immigration Medical Exams for approval on medical grounds.

Candidates applying for the SUVP also have the choice of receiving a Temporary Work Permit for arriving and working in Canada.

Processing time for Canada Startup Visa Program

The current processing times for Start-up Visa applications are around 12 to 16 months. The processing times can also differ based on individual case factors like application type submitted, if the application is complete in all aspects or not, etc.

If you are interested to know how to calculate my points for Canada Express Entry or wish to apply for Canada Startup Visa Program contact Nationwide Visas. Our ICCRC-accredited Immigration Experts will help you with the best immigration strategy.

Why you should now apply for Canada PR Visa?

The best time to apply for Canada PR Visa is now as Canada has obtained the third rank globally as the best nation surpassing the US. It is next only to Switzerland and Germany as per the US News and World Report.

When it comes to immigration, Canada obtained the first rank globally for investment ambiance and immigration in 2021. This is according to NBI - Nation Brands Index: Anholt-Ipsos. The report was published by the third largest Analytics and Insights Company in the world Ipsos.

The US News said that its ranking has been compiled depending on the global perception of nations in terms of figures of qualitative features. These impressions have the ability for driving investment and travel, and trade and directly affect the economies of nations.

The report further elaborates that Canada is a highly technologically advanced society having high living standards. Trade pacts during the period 1980s and 1990s drastically accelerated its trade with the US. The two nations are now each other’s largest trading partner, adds the US News Report.

The biggest propellant of Canada’s economy is its service sector and as a nation, it is a major exporter of minerals, food, and energy. It also ranks third globally for proven reserves of oil and is the fourth largest producer of oil.

The US News report appreciates Canada for its dedication to Multicultural society and its plethora of accomplished artists and writers and government models. Its participation in the peacekeeping missions of the United Nations across the world has also been respected.

The nations were also offered 10 sub-rankings for their:

• Agility 
• Adventure 
• Entrepreneurship
• Cultural Influence
• Heritage 
• Movers 
• Openness to business 
• Power
• Quality of life
• Social purpose 

Canada scores well in various aspects

The Maple Leaf Nation obtained an overall score of 97.8 in the rankings securing high marks for openness to business, social purpose, quality of life, and agility. However, it fared average for being equipped to face the future challenges resulting due to the global economy.

The rankings by US News and Report also reveal the average perception of the heritage of Canada obtained a score of 39.9. The nation scored 43.3 for its perceived power globally.

Cities in Canada are among the highly livable globally

In another latest ranking, Canada has again scored a top ranking for its cities’ livability and Universities’ quality.

Earlier in 2022, the 3 cities in Canada Toronto, Vancouver, and Calgary were included in the top 10 global most livable cities by the EIU - Economist Intelligence Unit. The EIU said that the top 10 cities in the rankings continue to be mostly from Western Europe and Canada.

Copenhagen is in second place behind Vienna which secured the top position globally. Meanwhile, Calgary advanced to the third position jointly with Zurich from its previous 18th place after the elimination of COVID-19 curbs.

The coveted position of the most livable Canadian city was thus secured by Calgary with its third ranking globally. Vancouver emerged as the top second city in Canada with its global 5th ranking.

Toronto meanwhile obtained the 8th ranking globally as the most livable city globally and became the 3rd top livable city in Canada.

The survey assessed 173 cities globally for selecting the top livable cities. Middle-sized cities in affluent nations performed much better than mega-metropolitan cities.

The report elaborates that the top ten cities are also those having minimal pandemic curbs. Restaurants, shops, and museums have opened again so schools and hospitalization due to the pandemic have reduced. This has resulted in decreased stress and services and healthcare resources. Moreover, the policy to wear face masks is also no more effective in the majority of circumstances.

Consequently, cities included in the top 4 positions prior to the pandemic have resurged again. This is due to their stability, good services and infrastructure, and pleasant leisure activities.

When it comes to higher education, Toronto University and British Columbia University have been included among the top 50 global Universities. The rankings have been compiled by global higher education analytics and insights provider QS - Quacquarelli Symonds.

Immigration a major driver of Canadian economic recovery

Canada has devised a strategy for economic recovery in the post-pandemic period and immigration is a major focus for achieving the goals. The nation aims to welcome 431, 645 immigrants in 2022, 447,055 immigrants in 2023 and 451, 000 immigrants in 2024 as per its 2022-2024 Plan for Immigration Levels.

Economic class immigrants have nearly 3/4th of the allocation of the PR Visas in these immigration targets. Moreover, most of these will be accepted through the Express Entry System.

Nationwide Visas is the Best Immigration Consultant in Bangalore offering you seamless and customized immigration solutions and strategies through its Immigration Experts.

Process and documentation for Australia PR Visa from India

The requirements for Australia PR Visa from India include a score of a minimum of 65 points. You will not qualify to apply for Australia Permanent Resident Visa if you secure less than this. The allocation of points is based on the applicant’s education, age, and experience. Other major factors for eligibility for Australia PR Visa are as follows:

• Applicants must be less than the age of 45 years to qualify for the Australia PR Visa
• Candidates must be proficient in the English language to apply for PR Visa. Otherwise, this can result in lower points.
• You must possess precise educational credentials. It is highly essential to possess valid qualifications for working in Australia.

The allocation of PR points and corresponding factors are:

• Age 33 to 25 years: 30 points
• English proficiency of 8 bands in IELTS: 20 points
• Work experience in Australia: 20 points
• 10 to 8 years of overseas work experience: 15 points
• Regional Area studies: 5 points
• Sponsorship from State: 5 points
• Absence of Spouse: 5 points

By taking into consideration the above points, you can obtain the necessary score. The higher your score the greater the chances of acceptance of your application.

The Australia PR Visa Process

The process of Australia PR Visa application includes precise and systematic stages.

Firstly, you have to fulfill the eligibility criteria by obtaining the minimum score. You must make your best attempt to secure higher than 65 points.

The Immigration Authorities in Australia accept tests like TOEFL and IELTS for confirming proficiency in the English language. You must also obtain a report for a positive assessment of your skills.

After completing all these requirements, you have to furnish all the details in the Australia Skill Select online portal. The purpose of these details is to assist in the selection of the Australia Subclass Visa for your PR Application. There are 3 Australia Subclass Visas for PR application:

• Subclass 189 Skilled Independent Visa
• Subclass 190 Skilled Nominated Visa
• Subclass 491 Skilled Regional Visa

The Subclass 491 Visa has a validity of 5 years. It can be modified afterward to a PR Visa.

The process of selecting and applying for a Subclass Visa is known as EOI - Expression of Interest. You will be offered an Invitation to Apply or ITA after you fulfill all the requirements.

You have to file an application for a PR Visa within 60 days of receiving the ITA. All professional and personal documents must also be submitted. A medical test certificate also needs to be provided after undergoing all the specified tests along with a clearance certificate from the Police.

Upon successful completion of all the above stages, you will receive the Australia PR Visa.

The Different Categories of Australia PR Visa

Subclass 190 Skilled Nominated Visa

Skilled Nominated Visa is for overseas skilled workers. Candidates are required to undergo a test for assessment of skills and receive the nomination from the Territorial or State Government.

Work-stream PR Visa

Work category Visas are for candidates who are specialized in specific skills required by the Government of Australia or an Australian employer.

 Subclass 189 Skilled Independent Visa

Skilled 189 Visa does not require nomination from the Government or a sponsor. You are required to score more than 65 points.

Subclass 491 Provisional Skilled Regional Visa

A Skilled 491 Visa is a provisional Visa. You are authorized to reside in Australia for 5 years to work or to study. Application for PR Visa can be filed upon completion of 5 years.

Family Class Permanent Residence Visa

Family Stream PR Visa is for candidates who have a familial relationship with a Permanent Resident or Citizen of Australia or New Zealand. It includes Carers who will offer care long-term to a relative, Parents, Children, or Partners.

Investment-stream or Business PR Visa

Investment or Business Stream PR Visa permits a temporary Australia Visa for residing and business or investment activities in Australia. PR Visa can be obtained after fulfilling the criteria for the Business Visa.

Documents mandatory for Australia PR Visa

Documentation necessary for Australia PR Visa includes professional and personal documents and these include mostly the following:

• Application Form
• 2 Photographs of Passport size
• Certificate of Birth
• Certificate of Character
• Certificate for Police Clearance
• Educational Report
• Evidence of Nomination
• Results of English Test
• Letters for Business reference
• Skills test report for spouse if applying

Nationwide Visas is the best Immigration Consultancy for Australia PR Visa from India. Our team of professionals and experts will assist you in presenting a flawless and compliant immigration application. If you wish to apply for Canada PR Visa or wish to know the precise details of Canada Express Entry or Canadian Experience Class eligibility, contact us now.