Since this year, Canada’s immigration quota has increased significantly, attracting many families who want to immigrate.
Among Canada’s many immigration programs, many people have chosen Canada’s SUV Federal Entrepreneurship Immigration. So, who is Canada’s SUV Federal Entrepreneurship Immigration suitable for and what are its advantages?
Canadian Federal Entrepreneurship Immigration (Start Up Visa, SUV for short) was officially launched in 2013. It provides qualified entrepreneurs and entrepreneurs with the opportunity to immigrate to Canada to establish new businesses and obtain permanent residence in Canada.
SUV does not have high requirements for applicants’ language and academic qualifications. The core goal of SUV is to attract overseas entrepreneurs and high-end technical elites to start businesses in Canada to promote and channel innovative technologies and create more entrepreneurial opportunities. On March 31, 2018, Immigration Canada made it permanent.
This project is one of the few that allows you to apply for permanent residence through entrepreneurial investment in one step.
1. Project advantages
1. Low cost of living
Canada's overall entrepreneurial environment is very suitable for entrepreneurial talents from abroad. The cost of living is much lower than several cities in the United States where entrepreneurs are concentrated.
2. Entrepreneurship has broad prospects
The innovation direction Canada is committed to is fully consistent with the data in the evaluation report: innovation focused on technology, software, manufacturing and sales. At the same time, because Canada is close enough to the U.S. market, entrepreneurial projects can not only go public, but can also choose to sell to U.S. companies.
3. Small entrepreneurial capital
Compared with the most common investment immigration, the most obvious advantage of entrepreneurial immigration is that the amount of investment required is much smaller, which greatly reduces the financial pressure on applicants.
4. Low background requirements
It has almost no requirements for applicants’ business background conditions, and an entrepreneurial project can allow up to five applicants to apply to immigrate to Canada with their families at the same time.
5. Fast immigration
The application processing speed is fast and the conditions for permanent residence can be obtained in one step. It is currently the best project to immigrate to Canada.
6. Identity is guaranteed
Even if the project ultimately fails, the permanent resident status obtained by the entrepreneur will not be lost or taken away.
2. Application conditions
1. The applicant has a qualified business, that is, Qualifying Business.
Just meet these requirements:
·Letter of support from the Canadian government-designated agency
·The applicant's company must be incorporated in Canada and must conduct business in Canada. and actively and continuously manage its corporate business within Canada.
2. Applicants must obtain a letter of support from agencies designated by the Canadian federal government (venture capital funds, angel investment groups and business incubator programs).
·Angel investment group’s commitment to invest no less than 75,000 Canadian dollars;
·Venture capital fund’s commitment to invest no less than 200,000 Canadian dollars;
·Business incubator project institution’s commitment to accept applicants into its projects.
3. Language ability.
CLB5 or IELTS test score of 5 points or above (5 points for listening, speaking and writing, and a minimum of 4 points for reading).
4. Educational background.
Full-time college degree or above.
5. Sufficient funds.
start-up capital (based on business plan) and settlement capital.
6. Certificate of no criminal record.
The Canadian SUV federal entrepreneurial immigration application requirements are relatively loose. Not only is the review of the source of funds very loose, but the applicant’s final entrepreneurial success will not affect the immigration application review. It can be said to be an excellent way to get permanent residence in one step. choice. If you have any questions about immigration, you can discuss it with Sanxiang Immigration.
