Canada Business Visa

Canada offers several immigration pathways for entrepreneurs and investors from Bangladesh, including the Start-Up Visa Program and various business and investor visa options. Here’s a comprehensive guide to assist you:

1. Canada Start-Up Visa Program:

This program is designed for innovative entrepreneurs aiming to establish businesses in Canada that can create jobs and compete globally.

Eligibility Criteria:

• Qualifying Business: At the time of receiving a commitment from a designated organization:

  • Each applicant must hold at least 10% of the voting rights in the business.
  • The combined ownership by the applicants and the designated organization must exceed 50%.
  • Upon receiving permanent residence, active management of the business must occur within Canada, with essential operations conducted domestically.
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• Letter of Support: Secure a commitment from a designated organization (venture capital fund, angel investor group, or business incubator) willing to support your business idea.

  • Minimum Investments:
    • CAD 200,000 from a designated venture capital fund.
    • CAD 75,000 from a designated angel investor group.
    • Acceptance into a business incubator program (no financial investment required).
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• Language Proficiency: Demonstrate proficiency in English or French through standardized tests.

• Settlement Funds: Provide proof of sufficient funds to support yourself and any dependents upon arrival in Canada.

Application Process:

1. Develop Your Business Idea: Craft a viable, innovative business plan that meets market needs.

2. Obtain a Letter of Support: Pitch your business to designated organizations and secure their commitment.

3. Submit Your Application: Prepare and submit your application for permanent residence, including all supporting documents and proof of meeting the eligibility criteria.

4. Work Permit (Optional): While awaiting permanent residence, you may apply for a temporary work permit to begin building your business in Canada.

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2. Business and Investor Visa Options:

While Canada does not have a direct federal investor visa program, several provinces offer business immigration streams under the Provincial Nominee Program (PNP).

Provincial Nominee Programs (PNPs):

• Eligibility Criteria:

  • Investment Amount: Varies by province; typically ranges from CAD 150,000 to CAD 500,000.
  • Net Worth: Provinces may require a minimum net worth, often between CAD 350,000 and CAD 800,000.
  • Business Experience: Demonstrated experience in business ownership or senior management.
  • Business Proposal: Submission of a detailed business plan outlining the proposed venture in the province.

• Application Process:

  1. Research Provincial Requirements: Each province has specific criteria and application processes.
  2. Submit an Expression of Interest (EOI): Indicate your interest in a specific province’s business program.
  3. Invitation to Apply: If selected, you’ll receive an invitation to submit a formal application.
  4. Establish the Business: Upon approval, fulfill the investment and business establishment requirements.

3. Application Process from Bangladesh:

• Document Preparation: Gather all necessary documents, including passports, business plans, financial statements, and language test results.

• Medical and Security Checks: Complete the required medical examinations and obtain police clearance certificates.

• Submission: Applications can typically be submitted online. Ensure all forms are accurately completed and fees are paid.

• Processing Time: Processing times vary based on the program and individual circumstances.

4. Additional Considerations:

• Professional Guidance: Given the complexity of business immigration pathways, it’s advisable to consult with immigration professionals or legal advisors to navigate the process effectively.

• Stay Informed: Immigration policies can change. Regularly consult official sources, such as the Government of Canada’s Immigration and Citizenship website, for the most up-to-date information.

By adhering to these guidelines and thoroughly preparing your application, you can enhance your prospects of successfully immigrating to Canada as an entrepreneur or investor from Bangladesh.