Entrepreneurs & Early Stage Companies (“Startups”)

Canada: A Fertile Ground for Your Startup Dreams

 

Canada’s startup ecosystem is flourishing, and ambitious entrepreneurs are taking notice. Government initiatives like funding programs, business incubators, tax breaks, and dedicated startup visas create a supportive environment for your venture to thrive. Think booming cities, world-class universities, and a collaborative spirit – Canada offers a compelling alternative to Silicon Valley.

Our firm empowers foreign entrepreneurs launch and grow innovative businesses in Canada. We understand the complexities of navigating immigration pathways. Below, we outline three of the most popular options for foreign entrepreneurs intending to launch their businesses in Canada.

Start-up Intra-Company Transfer (ICT)  

Thinking of launching a Canadian startup? The Intra-Company Transferee (ICT) work permit can be your secret weapon to expedite the process of bringing in essential employees and get your business off the ground quickly. Regardless of the country of your country of origin, you may be eligible for a work permit under this category if you:

  • Demonstrate financial stability to cover startup costs and employee salaries.
  • Develop a solid business plan outlining staffing strategies and your Canadian operations roadmap.
  • Have a physical office locked down (or actively secure one).
  • Ensure your company structure justifies executive or managerial positions.
    – For specialized knowledge worker positions, their work must be directed by Canadian management.

Duration: Initially 1 year, with 2-year extensions to a maximum of 5 or 7 years.

How to Apply: Applications are filed online for individuals from visa-requiring countries. Otherwise, visa-exempt travelers may apply at a Canadian port-of-entry (i.e., land border or airport).

Entrepreneur/Self-Employed 

The Entrepreneur/Self-Employed is ideal for innovative foreign entrepreneurs to establish and run their businesses in Canada. Obtaining a work permit under this category can allow you to transition to permanent residence after a year of successful operation. Regardless of the country of your country of origin, you may be eligible for a work permit under this category if you:

  • Have a business plan showcasing your innovative concept and how it will contribute to the Canadian economy
  • Demonstrate how your business will create jobs for Canadians.
  • Highlight how your venture will contribute to exports or regional development.
  • Emphasize the unique value your business brings to the Canadian market.

Duration: Initially 2 years, with 2-year extensions.

How to Apply: Applications are filed online for individuals from visa-requiring countries. Otherwise, visa-exempt travelers may apply at a Canadian port-of-entry (i.e., land border or airport).

Contact us today for a consultation. Together, we will ensure you or your team are supported at every step of the immigration journey.