How much capital is required to qualify for Canada's start-up visa?

Immigrants should have a minimum amount of capital under the Business visa for Canada. You cannot borrow this money from Ottawa as they cannot provide funds to immigrants under the start-up visa program.

 

Applicants must have sufficient cash to fund their Start-up in Canada. Receiving support from a trusted investor from your home country will require more funding to satisfy a Canadian investor.

 

It is better to work with a Canadian immigration lawyer, who is experienced in the Canadian start-up environment. He/she will make sure that you can address this important area to the best of your abilities.

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Also read-

• Requirements of Canada Start Up visa for overseas entrepreneurs
• The Start-Up Visa Program of Canada for Business immigrants
• Canada wants to make start-up visa program permanent
• Canada’s Startup Visa program- pathway to permanent residence
• A great opportunity to gain Canada’s Start-up visa program

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Apart from capital & settlement funds required to finance your business, you will have to even cough up half of your salary to get a start-up visa. You have to sacrifice half of the pay that is required for household expenses such as: -

• Home
• Heating & other utilities
• Food
• Clothing
• Health insurance & transportation.

Applicants applying for a Business visa for Canada must be aware of the fact that most Canadians pay up to 50% of their income on housing & other utilities. A basic room in the affordable land areas in the country will cost you around $350/month. Anyway, rents can rise to $2500/month in a big city in Canada.

 

Apart from that, immigrants applying for a Canadian start-up visa should know about some other facts too. Provincial & territorial health programs won’t be able to cover the cost of all newcomers in Canada for three months.

 

Hence, in such a situation, this is what you can do to acquire funds for your Business visa for Canada-

 

• You must secure at least $200,000 of minimum investment from a designated Canadian venture capital fund.
• You have to secure at least $75,000 if the investment comes from a designated Canadian angel investor group.

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If you are looking to Migrate, Study, Invest, Visit, or Work Overseas, talk to Y-Axis, the World’s No. 1 Immigration & Visa Company.

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