The Canada Startup Visa Program offers a variety of benefits to U.S.-based startups that plan to establish operations in Canada. Many of these programs offer combined tourist, employment, and business visa options. If you’re an American startup planning to set up shop in Canada, you’ll want to check with your local government office first to see if they have a specific requirement for applicants.
Some cities like Toronto, Montreal, and Vancouver may only accept certain types of applicants while others require individuals to meet certain criteria or undergo certain tests before granting them access to the resident capital. Each local government office will have its eligibility requirements, so it’s important to get a general idea before making a decision. Here is an overview of what you need to do to apply for the Canada Startup Visa program:
How To Apply For The Canada Startup Visa Program
If you’re an American startup planning to set up shop in Canada, you’ll want to check with your local government office first to see if they have a specific requirement for applicants. Some cities like Toronto, Montreal, and Vancouver may only accept certain types of applicants while others require you to meet certain criteria or undergo certain tests before granting you access to the resident capital.
Each local government office will have its eligibility requirements, so it’s important to get a general idea before making a decision. Here is an overview of what you need to do to apply for the Canada Startup Visa program: complete an application (application form) online at the official Canada website.
What Is The Canada Startup Visa?
The canada startup visa program allows U.S based startups operating in Canada to bring their operations to the negotiating tables with the provincial and territorial governments in exchange for economic benefits. These include access to tax breaks, low or no fees for goods and services, rules and regulations that benefit your company, and favorable treatment from the local economy.
Here are some of the main advantages you might get from the Canada Startup Visa program:
- Effective immediately: The Canada Startup Visa program will begin effective immediately.
- No Pre-Visa Requirements: You won’t need to meet any specific pre-Visa requirements before applying for the program. Examples include being a U.S. company with fewer than 10 employees and having no assets that exceed $50,000.
- Flexible Visa Options: You can apply for the program on a tourist, employment, or business visa basis. Amicable and Equitable Environment: The culture and environment in the Canadian cities you choose to call home will be friendly and welcoming.
Eligibility Requirements For The Canada Startup Visa program
You must have a business or tourism tax identification number (TID) and be aged between 15 and 29 years. You may be able to apply for a business TID without a job but must still keep an eye on the job market to ensure you’re not too late in getting it.
