Zafco TeamJanuary 5, 20269 min readCanada Immigration
The Canada Startup Visa offers entrepreneurs direct PR for innovative business ideas.
Program Overview
- Direct permanent residency
- No minimum investment required
- Business can fail without affecting PR
- Can bring co-founders
Eligibility Requirements
- Qualifying business concept
- Letter of Support from designated organization
- Language proficiency (CLB 5)
- Proof of settlement funds
Designated Organizations
- Venture Capital Funds (min $200,000 investment)
- Angel Investor Groups (min $75,000)
- Business Incubators (acceptance)
Application Process
- Develop business plan
- Pitch to designated organizations
- Obtain Letter of Support
- Apply for permanent residency
- Land and start business
Processing Time
- Letter of Support: 3-6 months
- PR Application: 12-16 months
Success Tips
- Focus on tech/innovation sector
- Have working prototype
- Show market potential
- Demonstrate team capability
Zafco partners with designated organizations. Get started today!
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