Special announcement from the Canadian Immigration Department regarding the Start-Up Visa program.
Today, October 3, 2024, the Canadian Department of Immigration, Refugees and Citizenship (IRCC) announced "shocking" news regarding the Start-Up Visa program, marking a historic turning point for the first time in over 10 years since the program's inception. Those who applied for permanent residency (PR) through the Start-Up Visa program and received a file number can now choose to reapply. Open Work Permit with a term of up to 3 years.
This announcement is great news for everyone pursuing their entrepreneurial dreams in Canada.
This open work permit will allow applicants to work as entrepreneurs to develop their business right here in Canada, while also being able to work for other companies to supplement their income. This means they have the opportunity to participate in the Canadian labor market while their PR application is being processed.
In addition, this is an opportunity for the whole family to come together on their journey to a new life in Canada. Spouses and children of applicants can all apply for open work permits or study permits.
Conditions for submitting an open work permit application.
To be eligible to apply for this open work permit, you need to:
- I have submitted my permanent residency (PR) application through the Start-Up Visa program and have received an Acknowledgement of Receipt (AOR).
- You must be an important member of the startup entrepreneurial team.
- You intend to live outside of Quebec.
- Demonstrate that your work or business provides a significant economic benefit to Canada.
New challenges come with opportunities. What is "easy" also comes with certain difficulties and cannot become commonplace. In our assessment, this means that Open Work Permit applications will become more difficult in the following aspects:
- Compelling due diligence : To demonstrate that you are genuinely essential to obtaining an open work permit, your business must undergo a rigorous due diligence process and your documentation must be highly compelling. This ensures that you are an indispensable member of the business and that your presence in Canada is essential to its growth.
- IRCC puts additional pressure on you to fulfill your business plan : Granting work permits for up to three years can be a sign that IRCC wants you to have more time and opportunity to fulfill the commitments in your business plan. They are giving you the chance to demonstrate your capabilities and bring economic value to Canada.
- Comparison with Work Permit holders : Even if you don't choose the Work Permit route, you will still be compared to those who have obtained a Work Permit and are running businesses more successfully than you. This can affect IRCC's assessment of your PR application.
Ontario Start-Up Studio – A trusted partner for Vietnamese startups.
Ontario Start-Up Studio is currently the only studio in Canada supporting Vietnamese startups. This studio offers a range of advantages and support to ensure your business thrives:
- Assessment and Development : Ontario Start-Up Studio will help you build a strong business profile and prepare the necessary due diligence documents to convince IRCC. Our team has experience guiding and supporting startups from the initial stages to market launch.
- Operational support and MVP development : We assist startups in building their MVP (Minimum Viable Product) – a minimum viable product for testing and gathering market feedback. This is a crucial step in demonstrating the company's capabilities to IRCC.
- Long-term strategic consulting : Ontario Start-Up Studio also assists your business in developing a long-term strategic plan, helping you not only meet IRCC requirements but also ensure sustainable future growth.
- Partner and networking opportunities : The studio also provides crucial connections within the Canadian startup ecosystem, including investors, strategic partners, and other relevant organizations.
You'd surely love to hear more about this information and how to apply from a renowned and experienced immigration lawyer specializing in the Start-Up Visa program, right?
Don't miss out! Workshop on October 13, 2024 with Lawyer, Doctor Thanh Phan Use it with KeyApply.
