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July 18, 2014

Canada Promotes Economic Growth through the Start-Up Visa

Posted by Joanna Mennie - Bellissimo Law Group PC

The Federal Government has recently accepted its first two applicants under the Start-Up Visa Program. This program is designed to attract more entrepreneurs and create jobs for Canadians.

The Start-up Visa Program, which launched last year, helps entrepreneurs present their business plans to Canadian private-sectors firms, and if they receive the support, they can apply for permanent residency.

The Start-up Visa is targeting a new type of immigrant entrepreneur into Canada. The program entices individuals who have the potential to build innovative companies. This will allow them to create jobs for Canadians, and compete on a global scale.

The program is an important part of the government’s plan to build a fast and flexible economic immigration system, with a primary focus on meeting the new and emerging needs of the Canadian economy.

This program is the first of its kind in the world as it links experienced Canadian private-sector firms with foreign entrepreneurs who have a desire to establish their companies in Canada.