The Canadian Federal Government is entrenching a pilot project for immigration called the Start-Up Visa Program. Through this program, permanent residency is offered to overseas entrepreneurs who agree upon moving their businesses to Canada.
The program has 32 funds of venture capital, 6 groups of angel investors and 14 incubators of business.
A support letter is required from the angel investor, venture capital fund or business incubator in Canada to support the business concept of the entrepreneur.
Each applicant should have voting rights of 10% or above linked with all the corporation shares that are outstanding at the time of application (up to 5 individuals are allowed to apply as owners)
Should be able to manage the business from inside Canada, actively
A PNP enables nomination of an applicant on behalf of the province for migration to Canada for settlement in that particular province.
The requirements for minimum investment, as well as net worth, vary between provinces, as each immigration program for business fits the individual provincial needs.
A detailed business plan is a requirement of every Canadian immigration business program.