There are a few things to bear in mind when applying for a canada startup visa, whether you’re an American startup hoping to expand into Canada or a Canadian business owner hoping to expand your exports.
Having a solid business strategy in place is step one in figuring out if a particular visa is a good fit for you. In addition, read this piece I wrote about the visa application process so you know what to expect. After reading that, maybe you’ll be ready to launch your Canadian business with confidence.
How To Get A Canada Startup Visa.
Startup visas allow foreign nationals to enter Canada without meeting the standard conditions set by the Immigration and Refugee Board. Startup visa applicants must meet three requirements: be self-employed, reside in Canada, and hold a valid Canadian passport. A business strategy or white paper detailing your ground-breaking technology or company model is also required.
If you wish to start a business in another country, you’ll need the appropriate paperwork, which can include:
- A letter from your bank that proves your financial stability.
- A copy of your business license or another regulatory document.
- Copies of all customer data.
- Proof of concept or product development.
- Evidence of being in contact with potential customers in any language other than English.
You can apply for a startup visa online or by snail mail. The application process takes about two weeks and you can expect to hear back from the IRB within a few weeks. If the decision regarding your application is negative, you can appeal it to the Canadian Border Services AgencyAppeals are free and take about 20 minutes per appeal.
What To Expect When You Obtain A Startup Visa.
You will need to provide certain information when you apply for a startup visa. This includes your business’s name, contact information, and the amount of money you plan to bring in each year. You will also need to provide proof of financial stability and angel investment.
How The Process Works
The startup visa process is typically very simple. You will be notified by your embassy or consulate of your decision to receive a visa and will be able to begin the application process as soon as possible. Your embassy or consulate may require a few additional documents, but generally, all you need is your passport-style photograph, original business document, and a cashier’s check or money order for at least $10,000 (or an equivalent value in other currencies.
Tips For Successful Startup Visa Application.
The application process for a startup visa can be tricky, but with the help of an experienced visa lawyer, you’ll be able to make a strong case for your business. Make sure to research the requirements and questions surrounding your proposed business before submitting your application.
Be Prepared For The Administrative Process
If you have any questions about the administrative process, don’t hesitate to reach out to our team of experts. We’re here to help you get through this challenging period in your startup journey.
Conclusion
After fulfilling the requirements for a startup visa, you will be able to start your business in Canada. Make sure that you are prepared for the administrative process by being well-prepared and getting help if you need it. By following these tips, you should be successful in applying for a startup visa.
