Canadian Federal Start-up Visa Program (FSUP) is designed to attract innovative entrepreneurs and experienced Management Executives with valuable skillsets to build businesses from the ground up, create job opportunities and also develop the same business to compete on a global scale.
The program was established by the Canadian Federal Government to grow her economy through Foreign Direct Investment (FDI). The government seeks to achieve this economic growth by assisting businesses registered and headquartered in Canada to acquire the funding necessary for rapid and exponential growth.
These businesses are startups that have been thoroughly vetted and shown to have a high potential for growth. The government thus exchanges the Canadian permanent residency (and eventually passport) for a sizeable investment in start-up ideas.
The start-up companies cut across a variety of industries thereby ensuring that an investor will find a business to invest in their line of specialization. Investors and founders are matched and investors purchase a 10% equity stake in a start-up company of their choice. The investor receives a Return on Investment (ROI) in two ways. Firstly, the investor and dependents become permanent residents of Canada and if the residency calendar is fulfilled, citizenship is acquired, and secondly, the revenue and profits of the company increase, the investor received dividends and the value of their stake in the company also grows.
BENEFITS OF FEDERAL START-UP VISA PROGRAM
- 1. Flat Fee – A flat fee is paid for applicants and as many dependents of age 21 and below
2. Global Mobility – Canadian Passport is one of the strongest in the world and it gives visa-free access to over 180 countries
3. Flexible Application – Active participation in the day-to-day running of the business is not required, no travel requirements during the course of the application, Canadian Permanent Residency (PR) allows you to live in any Canadian province of your choice
4. Free Education – Free elementary and high school education for children
5. Free and quality Healthcare – Principal Applicants and dependents have access to the best and uncompromised healthcare services with sophisticated health facilities
6. Access to other HNI(s) and Professional Network – 12-week online training session on business start-up and growth membership in the Angel Investor Network
7. Wealth Advancement and Preservation – opportunity to own a business in Canada
REQUIREMENTS
- 1. Management and/or Executive experience
- 2. Business/Entrepreneurship experience
- 3. Required Net worth
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