Download Resource
Thank you! Your submission has been received!
Oops! Something went wrong while submitting the form.
5 min read
Canada for eXtrepreneurs
Canada, both at provincial and federal level offer businesses a transparent and dynamic environment. Canadian businesses are supported and nurtured through various government-initiated tax incentives, funding programs and regulatory benefits. Additionally, being a part of North America, and signatory to treaties like USMCA (earlier known as NAFTA), Canada gives entrepreneurs an easy access to one of the largest continental market share.
With encouraging and diverse business environment promoting innovation and inclusivity, the county is home to 26 unicorns. Remarkably, one fourth of the founders to these unicorns are of foreign-origin. With its high literacy rate & population with a rich tapestry of multi-cultural perspectives, Canada is embraced as a land of creativity and innovation.
Canada Startup Ecosystem
The booming startup ecosystem in the country is supported by over 150 accelerators& incubators and 110 Venture Capital (VC) firms. A cumulative of $13.6billion funding was raised in the year 2021 with $500K being an average funding for Pre-seed round and for Seed, Series A, Series B and Series C being $1.5 Million,$3.5 Million, $6.3 Million, and $41.1 Million respectively. Additionally, the country is home to vast 4.27 million companies with 39,000 new companies incorporating yearly on an average.
To know more, download our quick read on “Canada Startup Ecosystem”
.png)
Canada Company Formation
Canada has two popular types of entity classifications for eXtrepreneurs. First, the Corporation or Inc., which is the most feasible entity for eXtrepreneurs aiming to raise capital via listing their ventures on the stock market in the future. Second, Partnership or LLP, which is suitable for eXtrepreneurs looking for professional services.
To know more about company incorporation in Canada, download our guidance note on “Company Formation in Canada”
.png)
Download Resource
Thank you! Your submission has been received!
Oops! Something went wrong while submitting the form.
5 min read
Overview
Canada Startup Visa was launched in 2013 as a pilot program to provide a smooth and hassle-free pathway to entrepreneurs from around the world aiming at relocating to Canada and expanding their business in the global market. Post a grand success of 68 businesses relocating to Canada, the pilot transitioned into a permanent program in 2018. The program after being permanent has witnessed growth in the number of applicants and approvals, from 2013 to 2021. In 2021, the program has seen 383 approvals with prominent interests from India, Iran, Vietnam, & China.
Highlights
1
Being a Federal Program, applicants & their families can live anywhere in Canada
2
No age-based restrictions or point-based qualification
3
No minimum investment requirement
4
Family coverage of spouse/common law partner and children below the age of 22
5
No prescribed job creation or turnover requirement
Eligibility
1
Business that are innovative, can create jobs and compete at a global scale
2
Must receive Letter of Support from the Government-Designated Body-(Angel Investor Group/Venture Capital Fund/Incubator)
3
Achieve an IELTS score of 5 in each category
4
The applicant must have sufficient funds to sustain in Canada
5
Up to 5 founders can apply
6
Each founder should hold a minimum of 10% stake and combined they should hold majority share
Renewal
Permanent Status
Process and Timelines
Overview
Highlights
No items found.
Eligibility
No items found.
Renewal
Permanent Status
Process and Timelines
Overview
Highlights
No items found.
Eligibility
No items found.
Renewal
Permanent Status
Process and Timelines
DG Country Comparison ToolTM
CompareQuick peek at the top countries for eXtrepreneurs.
This tool compares the top nations inviting eXtrepreneurs on over 40 vital parameters to provide a holistic view and a comprehensive perspective of the Entrepreneur mobility options, the start up ecosystem and the policy benefits, to be availed.