New Start-Up Visa opens for applications on April 1, 2013
Canada’s Start-Up Visa Program is an innovative opportunity for entrepreneurs from the around the world to get permanent residency status in Canada. Immigrant entrepreneurs who want to launch a cutting edge business in Canada will need the support of participating Canadian investors. To apply for permanent resident status, the foreign entrepreneur must first secure a significant investment commitment from a designated Canadian angel investor group or venture capital fund. Applicants must also demonstrate language proficiency skills at a Canadian Language Benchmark 5 in listening, speaking, reading and writing, and have at least one year of education at a post-secondary institution. The Start-Up Visa Program is a pilot program that will run for five years.
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