In addition to accessible education, public health care and a relatively low crime rate, Canada is also known for being supportive of innovative new businesses.
For your business to be eligible for the program, it needs to be considered “innovative” and have the potential to benefit the Canadian economy by eventually having a global presence. Angel investor groups. Angel investors can provide support letters if they are investing at least $75,000 in your business.
Divesh Sharma of New Delhi-based legal consultancy firm, Arcum Global, says entrepreneurs should seek out investors who have significant experience in the same industry. In addition to giving their opinions more legitimacy with IRCC, finding like-minded investors is also the best way to ensure you’ll have the support and guidance you need to help your business grow.Article content
A few knowledge gaps shouldn’t sink your application, but you’ll want to be upfront about where your weaknesses lie and show IRCC how you plan to address them in a concrete way.The SUV approval process generally takes between 12 and 16 months. During that time, IRCC wants to see you doing everything you can to make your new venture a success.