CANADA - STARTUP. The most favorite destination for Permanent settlement or Second Passport
Canada is always the most favorite destination in the world, when it comes to Permanent settlement or Second Passport. Government of Canada raised the target for Immigrants to Highest levels, Post COVID economic recovery. Canada government announced in 2021, to bring more than 1.2 Million new immigrants in next 3 years!
Despite the Pandemic and Lockdowns - Canada welcomes 401,000 new immigrants in 2021 alone.
Canada has recently been recognized by the U.S. News and World Report 2020 survey as the number one country in the world for quality of life.
If you want to come to Canada for your Permanent immigration or settlement with family, there are many options to take advantage of this incredible Canada.
“Canada’s policies are smarter and very attractive than America’s,” that’s why Canada has become the best Alternative for America. Many USA Job seekers, H1B seekers, or Green card seekers are mostly eyeing Canada.
Canada has many Entrepreneurs nowadays and good Quality of Life and Business friendly Tax Laws and Lower Corporate Tax rates, So Canada is a Great Place for emerging Business, entrepreneurs to get their start.
Canada government amends immigration laws & procedures, often, So Canada's immigration system has become more complex for the public to understand. There are lot of Challenges to get the Canada PR as many people not able to secure and ultimately they give up. One of the Best route and most direct path to PR in Canada for Entrepreneurs or Business people is the Startup Visa.
An open invitation from Canada to foreign entrepreneurs working in Silicon Valley!! Canada value talent and Startups,
Canada is doing lot of Campaigns in USA to WELCOME STARTUPS AND ENTREPRENEURS!
Best Solution for H1B Problems, Pivot to Canada. New Startup Visa, Low Taxes. Canada has become a magnet for technology talent, diverting the stream of overseas applicants away from Silicon Valley USA to Montreal, Vancouver, and the Toronto-Kitchener-Waterloo corridor. In Start-up Visa, most important step is getting the Letter of Support from the designated organization.
If you are planning into Canada via the Startup Visa program, you should be able to pitch your company to either an incubator Angel Investor or Venture Capitalist. Also Expert Startup Consultant like us can guide you with professional advice, help prepare numerous Business reports for these meetings. Invest the time and energy in training you.
“The Canadian Startup sector has had a great time in 2021, Companies have raised highest venture capital. Toronto becomes the epicenter of North American Startup ecosystem!
“The market-oriented economic system, a high standard of living, native English language, proximity to the US, and strong position of the nation’s startup ecosystems already make the country attractive for the foreign talent, which means Canada would benefit from focusing on entrepreneur retention.”
Honorable Canada Minister of Immigration Marco Mendicino always promotes with a slogan “Startup Visa Program- Canada is Open for Business”
Canada continues to invite more and more immigrants to the country as can be seen in the Express Entry draws that are seeing record levels of individuals receiving an invitation to apply.
"The Government will continue to bring in newcomers . . . We know that there is an economic and human advantage to having families together. It has a stable political system, a secure banking system, and a clean environment. It is a great place to start a business.
The Start-Up Program is attractive for a variety of reasons:
1) There is no minimum investment required
2) There is no net worth requirement
3) The immigrant can choose to live anywhere in Canada and
4) Basic English or French language.
As an immigrant you need to develop a viable business project that will meet the due diligence requirements of a government-approved designated entity (incubator, angel investor, or VC)
Once you have the letter of support or commitment certificate you can immediately apply for a short-term work permit to come to Canada to work on your project in your company. Your spouse can also get an open work permit and your children can go to school at no cost.
Cities like Toronto, Montreal, Waterloo, and Vancouver have been leading North America in tech job creation during last few years. Canada is exceptionally comfortable with diversity, in theory and practice. Due to Visa Restrictions, Tech workers are fleeing the USA for Canada.
Canada Startup Visa Program is an opportunity for immigrant entrepreneurs who want to start a new business in Canada.
While you are waiting for your PR visa, the one who had applied for a Startup visa will be eligible for a temporary work permit and this will give you permission to arrive in Canada and start your business. If Canadian VC has invested funds in your business then you should have minimum 200,000 CAD with you and can have up to five co-founders and all are eligible for the Canada PR under Start-up Program.
If your startup visa program application is been approved by the Canadian Government, then your family can also receive Canada PR visa. That means your spouse and children below the age of 22.
• You and your family can access the Canadian Healthcare & Education systems.
• As this is a federal program, you are allowed to live in any province of Canada.
• Advantage with Canada is even if your business fails you are allowed to keep your Canadian Permanent Residence. Startup Visa Program has fast processing time.
Canadian Startup Visa is a true game changer!
Another option is LMIA, in Canada’s Express Entry PR Visa Process, landing an eligible job offer from a Canadian employer can help candidates to maximize their points in the Comprehensive Ranking System (CRS) and obtain an invitation for Canada immigration.
To claim points, your job offer has to be considered valid under Express Entry and Supported by a positive Labour Market Impact Assessment (LMIA), or exempt from needing one. In Express Entry, the number of CRS points you receive for a Canadian job offer depends on the NOC code of Job position. You can receive either 50 or 200 points, depending on the skill level of the position, senior management job is given the highest points of 200.
• 200 points: Job offers at NOC codes beginning with 00
• 50 points: All other job offers at NOC skill level 0, A, or B
LMIA stands for “Labour Market Impact Assessment.” Formerly known as “Labour Market Opinion” (or LMO), Canadian employer need to get the LMIA before he hires foreign worker.
LMIA letter supports skilled worker's application to IRCC for Permanent resident visa under the FSWP, FSTP, and CEC.
Also LMIA can be used for work permit visa if you are not having enough CRS Score for Direct PR Visa. Once you are in Canada on the work permit, you have multiple options for the PR through CEC or PNP Category. Employers who want to hire a foreign worker must submit the Labour Market Impact Assessment (LMIA) application along with all the required supporting documentation to Employment and Social Development Canada (ESDC) /Service Canada.
A positive LMIA will show that there is a need for a foreign worker to fill the job. It will also show that no Canadian worker or permanent resident is available to do the job. Once an employer gets the LMIA, the worker can apply for a work permit.
To apply for a work permit, a worker needs
• A job offer letter
• A contract
• A copy of the LMIA, and
• The LMIA number
Different Types of LMIA Support Work Permit applications
Labour Market Impact Assessment to support an application for a work permit under the Temporary Foreign Worker Program.
• LMIA for PR, Support Permanent Residence Applications
This LMIA is used to support an Application for Permanent Residence in Canada. If permanent residence is sought based on Express Entry, the foreign worker is awarded 50-600 CRS points (based on the NOC code).
Candidates can apply to Express Entry Draw. This can boost the cut-off score high enough for the applicant to receive an Invitation to Apply (ITA) for permanent residence in Canada;
• LMIA Support both Permanent Residence & Work Permit applications
Owner/Operator work permit is a Canadian work permit for the people who own a business in Canada. You may apply for Labour Market Impact Assessment without any advertisement, once approved, it will give you the work permit. This specific category has been created for foreign businessmen who wish to either establish or purchase a business in Canada and manage it from Canada. This is an easy procedure to attract business people to Canada and make the process smooth and quick.
OWNER/OPERATOR LMIA REQUIREMENTS
1. A business plan. You must show in detail how you will fund the business and create or maintain employment.
2. You must be actively involved in the business, intend to run and develop your business further.
3. In your business plan, show an intention to hire Canadian citizens or permanent residents
Once you receive a positive Owner/Operator LMIA, you can apply for a two-year work permit. After you get the work permit you will be able to apply for Canadian permanent residence
With an LMIA-based Owner/Operator work permit, you have High chances of getting PR to Canada under the Federal Skilled Worker Program.