Canada has individuals to fill positions in most offices because of its immigrant population. Canada is expected to join the ranks of other superaged countries such as Italy and Japan this decade. More than 20% of Canada’s population is expected to be 65 and older by 2026, with women making up the majority.
The labor force, or the number of individuals who work and pay taxes to fund public services such as health care, is one measure of the strength of Canada’s economy, which is primarily made up of immigrants.
This is one of the reasons why Canada is particularly immigrant-friendly, with policies and regulations in place to help individuals come to Canada and work.
Canada embraces multiculturalism & immigrants. However, this is not the only reason why individuals choose to move to Canada. For many years, Canada has been rated first in the world for the finest quality of life. In addition, education in Canada is quite reasonable, and the quality of education is excellent. Canada’s healthcare system is similarly of high quality.
People approach the best business immigration attorney in Dubai after learning about all of these advantages to make the process of immigration simpler for them.
Business Migration From Dubai To Canada
The Canadian Business Immigration Program is intended to encourage and ease the entry of individuals who desire to expand an existing business to Canada or establish a new one. The federal and provincial/territorial governments both welcome business immigrants and assist them in starting a business and settling in Canada.
Setting Up A Startup Firm in Canada
Starting a new business in an unfamiliar market can be daunting. However, the best immigration lawyer can put up a flawless strategy for you so that you don’t have to do anything yourself. Hiring a professional to represent you can save you time and money.
The most important stage is to come up with a good concept. Every successful business begins with a good idea. Conduct thorough research on what the market is searching for. Examine the strategy to discover where it falls short and improve it. An excellent and trendy idea will help your firm achieve recognition. Immigrant entrepreneurs must show that their company is creative & will be able to create jobs in the Canadian market, then only a startup visa will be issued.
The Criteria For Getting A Startup Visa
A start-up business must be a new business that intends to operate in Canada and satisfies the criteria for a qualifying business, which means that the new start-up firm has obtained a commitment from:
- A designated angel investor group confirming that it is investing at least $75,000 in a qualifying business or two or more designated angel investor groups confirming that they are together investing a total of at least $75,000 in such a business
- A designated venture capital fund confirming that it is investing at least $200,000 in a qualifying business or two or more designated venture capital funds confirming that they are together investing a total of at least $200,000 in such a business
Or
- A designated business incubator confirming that it is accepting the applicant into its business incubator program
Receiving a Commitment Certificate and Letter of Support from a designated entity are further requirements. A letter of support is a document that is used to boost the applicant’s credibility by providing a third-party testimonial. Letters of recommendation are required to establish your own business in Canada.
In addition, candidates must have a minimum amount of settlement funds in their bank account. In addition, applicants must demonstrate that they have enough money to cover the costs of accommodation, food, transportation, and other essential necessities once they arrive in Canada. Another key condition for applicant eligibility is proficiency in English or French at the Canadian Language Benchmark level 5.
Benefits of The Startup Visa
- Open to all nationalities
- No age limit for being eligible
- No obligation to stay within a specific province
- Easy to qualify for PR & the Canadian Citizenship
- Allows for a five-person collaboration in the same startup (min. 10 percent of ownership for each partner is required)
- No net worth requirement
- There are no restrictions on corporate activity in Canada
- Invite your family to Canada
Qualify For Permanent Residence
The Startup Visa Program provides an excellent path to permanent residency. When you become a permanent resident, you can also sponsor your family to join you in Canada. This includes your spouse, dependent children, and even your parents.
Benefits of Permanent Residency in Canada
- Excellent Healthcare System
Government authorities offer permanent residents of Canada the best healthcare services available in the country. Medical care is free for all Canadian permanent resident visa holders, and it also covers all prescription medicines. As a permanent resident of Canada, you can also apply for public health insurance.
- Entitled To Social Benefits
Residents of Canada can find suitable high-paying occupations as well as tax benefits that allow them to live a comfortable life. Disability benefits, retirement payments, and survivor benefits for deceased employees are among the other social benefits that one can receive.
- Rights & Freedom
Immigrants having permanent residency in Canada enjoy all of the rights granted to them by Canadian Charter 6 and must be safeguarded by the government and authorities. Following the grant of PR, the applicant will have Mobility rights, which are incorporated in Section 6 of the Canadian Charter of Rights and Freedoms.
- Eventually, Earn Canadian Citizenship
You can live in Canada for five years after obtaining permanent residence status. You are eligible for Canadian citizenship if you have physically resided in the nation for three years out of the five years.
How To Start The Process
If you have a professional immigration attorney on your side, obtaining a startup visa does not have to be difficult. Bring your idea to ACE and leave the rest to us. We will assist our clients in obtaining a letter of support. The processing period for receiving a letter of support might range from 4 to 6 months, with the ultimate visa application taking over 18 months.
