Nava Elmi Enterpreneurs Articles

START-UP VISA CANADA - HOW TO IMMIGRATE AS AN ENTREPRENEUR

Why should the Start-Up Visa program be considered by entrepreneurs looking to settle in Canada permanently?

Get Permanent Residency through the Start-Up Visa Program:

Direct path to permanent residence for you, your spouse and children.
You will have a business ready to run, along with up to 5 business partners and the support of a Canadian investor.
It can apply to any industry.

Conditions:

Have acquired extensive knowledge in an industry and be able to prove that work experience.
English level 5, so pretty basic (IELTS GENERAL).
No criminal record or significant medical issues.

Time:

~ 1-1.5 year to obtain permanent residence.
Meanwhile, you can obtain a work permit to come to Canada earlier and start the business.

Services we provide:

Review, improve, suggest best business concept based on your background.
Business training and Business Plan.
Find investors and funding.
Incorporation.
Obtain permanent residency for you and your family.
Obtain a work permit for you and your spouse, and study permits for your children if you want to come to Canada while your permanent residence is being processed.

PROGRAM	START-UP VISA
GOAL	CREATE AN INNOVATIVE BUSINESS
WHERE	ANYWHERE IN CANADA
WHAT YOU GET	PERMANENT RESIDENCE
ACTIVE OR PASSIVE INVESTMENT	ACTIVE
CONDITIONS	Have experience in a specific field/industry. Have an innovative business idea. Most ideas under this program are technology based. The business idea must receive the support of an incubator, angel investor or venture capitalist (a designated organization). Can have up to 5 business partners.
MINIMUM INVESTMENT	No minimum investment amount: depends on the type business.
MINIMUM NET WORTH REQUIRED (can be husband + wife)	You must show a bank statement with the below minimum amounts. The amount depends on the number of family member included in your application (you + spouse + children under 22 years old): 1 person: $25,338 2 persons: $31,544 3 persons: $38,780 4 persons: $47,084 5 persons: $53,402 If you have the support of an incubator (they do not invest money into the start-up), you must demonstrate that you, along with your business partners, have the financial capacity to cover the operating costs for year 1-2. $200,000 on your bank account would make for a stronger case. Angel Investors will usually not invest more than $75,000. You will still need to show your financial capacity to run this start-up during the first years.
MINIMUM OWNERSHIP	10% voting rights.
RENT OR BUY	You can rent or buy.
FRANCHISE	No.
PROCESS	You gather the documents. We validate the business idea. We prepare the business plan tailored to immigration requirements. We help you develop a prototype (a minimum viable product). We register the business. We file for patent if applicable. We create a website. We train you on how to present/pitch your business idea to investors. We help you find the designated organization who will support your start-up. We obtain a letter of support. We submit an entire application for permanent residence to the government. You continue working on the start-up (marketing, research and development, networking, memberships, etc.) After becoming a permanent resident of Canada, you can obtain Canadian citizenship (passport) after 3 years of residency in Canada. These 3 years do not need to be continuous.
DOCUMENTS some may not apply to your case and some can be replaced/added	Passport. National ID. Military card/exemption. Birth certificate. Education degrees. Resume. List of all your travels. Proof of work experience (business licence). IELTS GENERAL 5. Recent bank statement showing a minimum balance of $200,000. Police clearance.
TIME (approximate)	1.5 year to obtain permanent residence.
LANGUAGE REQUIREMENTS	IELTS GENERAL 5.
MEDICAL COVERAGE IN CANADA (after obtaining a visa)	Yes.
OPINION	If you have an innovative business idea, this is your ticket to direct permanent residence, for you and your family..

We help entrepreneurs set up their business and immigration strategy and execute on it.

We believe immigration is more than just a visa. We accompany our entrepreneurs during their entire immigration journey: from business set up to the first work permit, then permanent residency and finally, citizenship.

Find the business to buy or rent.
Find the location.
Incorporate the business.
Write a business plan tailored to immigration requirements.
We put you in touch with our network to start finding clients, distributors, suppliers.
Find schools for your children.
Your spouse and children under 22 years old can be included in your application.