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Immigration News

START-UP VISA (SUV) ALWAYS ATTRACTS INVESTORS TO IMMIGRATE IN CANADA

26/05/2023
Canada is one of the countries participating in the top voted list of the most livable environments in the world. The government is always welcome and facilitate foreign residents including businessmen, investors, or highly skilled employees to live and develop their businesses. One of the most mentioned Canadian immigration programs because of the benefits and attractive privileges, the Start-Up Visa under the investment category is a fairly popular program, especially among investors and entrepreneurs.

1. The success of the Start-up visa program

Start-up Visa (SUV) also known as Canada Start-up Visa, Start-up Visa, Start-up Canada immigration, etc. Is Canada's federal immigration program, allowing business people and families to directly receive Permanent Residence, live in any area in Canada with fast processing and processing time.

After 5 years of piloting, the program has received the support of a large number of global citizens and created real economic benefits for Canada. Therefore, by 2018, the Start-up Visa was upgraded by the government to Canada's official immigration program.

The success of the Start-up visa program

According to statistics from Immigration, Refugees and Citizenship Canada (IRCC), the Government of Canada has approved more than 1,482 (50% of total submissions) foreign investors to apply for a Canadian Start-up Visa from 2013 to the third quarter of 2022. And Vietnam is one of the countries with the highest number of Canadian investors in 2021. This shows that this program still maintains a large attraction. investors and entrepreneurs around the world. 

To participate in the program, applicants need to have a startup idea approved by a Designated Investment Fund and agree to make a financial investment in that idea. After that, the applicant can apply for permanent residence and work permit in Canada.

2. Program subjects: entrepreneurs, investors with business ideas

With the aim of attracting foreign entrepreneurs with innovative and breakthrough business ideas to immigrate to Canada as well as creating more favorable conditions for Start-ups by connecting with investment and start-up funds. From there, promote the development of these business ideas through the establishment of start-ups to promote Canada's economic development and create jobs for Canadians.

Starting a business in Canada is really a great opportunity for foreign entrepreneurs with high qualifications, creative business ideas and ambitions who want to build a business, start a business in a country that has been and is growing. rapidly developing. This is an open opportunity for the whole family to set up and immigrate in Canada.

Start-Up Visa Canada is a immigration opportunity for entrepreneurs who have a business idea, with the desire to establish a Start-up business in Canada. Business ideas need to ensure the following basic conditions:

  • Creativity, especially in the field of technology

  • Confirmed support from an organization designated by the government of Canada.

  • Create jobs for Canadians.

  • Competitive ability.

Target audience: entrepreneurs, investors with business ideas

3. Canada is a potential country for investment and business development

Canada has a very developed economy, ranked 9th globally and is a key member of many economic organizations such as NAFTA, OECD, WTO... Besides, this country is also one of the members. important part of the G7 – including the US and many other developed countries.

Compared to other G7 countries, Canada has a much lower tax rate for new businesses. The Canadian government also has a very transparent legal policy, in order to create equal development conditions for all domestic and international businesses.

In particular, Canada also has a close relationship with the US both economically and historically. Similar development orientations make the US and Canada extremely close allies in trade relations. The average US export turnover in Canada is always at 1.7 billion USD, accounting for 67% of Canada's total import turnover. In contrast, Canada also accounts for 23% of total US imports with a wide range of products, from consumer goods to energy. Therefore, investors can easily enter the US market when becoming an official permanent resident in Canada.

Canada is a potential country for investment and business development

Among the prestigious Canadian immigration consulting firms in Vietnam, iCanfield prides itself on being a team of professional and reliable consultants, bringing the most suitable solutions and customer satisfaction. Please contact us for the most detailed advice and support.


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