Travel & Immigration

Canadian Citizenship by Investment – 4 Things You Need to Know

This article was Last Updated on March 2, 2022 by Olushola Awode

What is exactly is Canadian Citizenship by Investment all about? It is no secret that Canada is seeking highly skilled workers who want to immigrate to the country. Canada is also seeking skillful business managers, entrepreneurs, and investors as immigrants. This is a reliable pathway to gaining Canadian citizenship, one that has a very high approval rate.

The Canadian economy is very dynamic, and many business opportunities arise. If you have got the spirit of an entrepreneur, Canada is the country for you. Every day, in its start-up hubs and University research facilities, new technology has been emerging. From mobile apps and internet technology to the innovation of new technologies that collect renewable energy and tackle climate change, Canada has become a home to emerging products and trends that disrupt the global market.

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Canadian Citizenship by Investment – Four Things You Need to Know

Why is the term Canadian Citizenship by Investment so popular? And why is Canada a good market for new products and businesses? Let’s find out below;

1, Made up of Immigrants

The major reason should be because the Canadian population is increasingly being made up of immigrants and people with strong ethnic identities from other parts of the world. In such a market, it is easier for your products to travel beyond the borders to markets in the native countries of these new Canadian citizens. With the internet connecting the world into one big global community, Canada is a good place to be for ambitious entrepreneurs developing new products and wishing for a wide sample audience. The diversity of the Canadian population also makes it a good testing ground for any product wishing to launch into the global market.

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Investing in Canada, or starting up businesses in the country, is also a sure path to citizenship for such entrepreneurs. There are several programs established by the Canadian government that is designed to help entrepreneurs and business owners link their visa and citizenship processing to their entrepreneurial efforts and businesses. You can therefore start establishing your start-up or business in Canada before becoming a citizen, and it, in turn, paves a fast track to becoming a permanent resident in the country.

  1. High Approval Rate

One reason to seek Canadian citizenship by investment in your start-ups is that it has a high approval rate. In 2019, the approval rate for issuing visas in this program was 81.3%, and half of those who did not get approval was not denied but simply withdrew from the program. This is considerably higher than the approval rate for other immigration streams into the country.

The reality about immigrating and gaining citizenship in any country is that it is a complex, multi-layered process that takes several years to achieve. But going into a country to start and run a business is another thing altogether, quite different from simply emigrating. It would be easy for the Government Officials handling your immigration to see the value of your citizenship if you intend to seriously run a profitable business in the country.

And as earlier explained, Canada is a dynamic country with a market that welcomes innovation and new products. It would be quite possible to run a profitable business or attract more investment in this environment. Hence, you can allay your fears about being stuck with a bad business in the country and be confident that you are giving your venture one of the best homes for businesses on the globe.

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Canadian Citizenship by Investment
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The Start-up Visa Program and Designated Investors

The start-up visa program was launched in 2013 by the Canadian government and was made permanent in 2018. It is created for investors and entrepreneurs looking to immigrate to the country so they can run their businesses there. It is the only program that allows you to immigrate to Canada and get your Permanent Residency in as little as 12 months. Also, it is one particular pathway to Canadian Citizenship by Investment that may not need to have your finances audited.

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The Start-up Visa program, however, requires that your start-up is supported by investment companies or organizations that are registered and designated for this purpose. Also, you need to have secured a minimum amount of funding for your business from these designated organizations. There are three categories of investors that have been designated:

  • Venture capital funds
  • Angel investor groups
  • Business incubators

To obtain start-up capital from these companies, you would have to present your business concept in person or submit a detailed business plan. Obviously, these organizations would review and evaluate your business plan before investing or determining the amount to fund your business. The business will give you a letter of support if they choose to invest. The organizations are as follows:

Venture capital funds

  • 7 Gate Ventures
  • Arete Pacific Tech Ventures (VCC) Corp
  • BCF Ventures
  • BDC Venture Capital
  • Celtic House Venture Partners
  • Extreme Venture Partners LLP
  • Golden Venture Partners Fund, LP
  • iNovia Capital Inc.
  • Intrinsic Venture Capital
  • Lumira Ventures
  • Nova Scotia Innovation Corporation (o/a Innovacorp)
  • PRIVEQ Capital Funds
  • Real Ventures
  • Red Leaf Capital Corp
  • Relay Ventures
  • ScaleUp Venture Partners, Inc.
  • Top Renergy Inc.
  • Vanedge Capital Limited Partnership
  • Version One Ventures
  • Westcap Management Ltd.
  • Yaletown Venture Partners Inc.
  • York Entrepreneurship Development Institute (YEDI) VC Fund

Angel investor groups

  • Canadian International Angel Investors
  • Ekagrata Inc.
  • Golden Triangle Angel Network
  • Keiretsu Forum Canada
  • Oak Mason Investments Inc.
  • Southeastern Ontario Angel Network
  • TenX Angel Investors Inc.
  • VANTEC Angel Network Inc.
  • York Angel Investors Inc.

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Business incubators

  • Alacrity Foundation
  • Alberta Agriculture and Forestry
  • Agrivalue Processing Business Incubator
  • Food Processing Development Centre
  • Biomedical Commercialization Canada Inc. (operating as Manitoba Technology Accelerator)
  • Brilliant Catalyst
  • Creative Destruction Lab
  • Empowered Startups Ltd.
  • Extreme Innovations
  • Genesis Centre
  • Highline BETA Inc.
  • Innovacorp
  • Innovation Cluster – Peterborough and the Kawarthas
  • Innovation Factory
  • Interactive Niagara Media Cluster o/a Innovate Niagara
  • Invest Ottawa
  • Knowledge Park o/a Planet Hatch
  • LatAm Startups
  • Launch Academy – Vancouver
  • LaunchPad PEI Inc.
  • Millworks Centre for Entrepreneurship
  • NEXT Canada
  • North Forge East Ltd.
  • North Forge Technology Exchange
  • Pacific Technology Ventures
  • Platform Calgary
  • Pycap Inc (o/a Pycap Venture Partners)
  • Real Investment Fund III L.P. o/a FounderFuel
  • Ryerson Futures Inc.
  • Spark Commercialization and Innovation Centre
  • Spring Activator
  • The DMZ at Ryerson University
  • Toronto Business Development Centre (TBDC)
  • TSRV Canada Inc. (operating as Techstars Canada)
  • University of Toronto Entrepreneurship Hatchery
  • VIATEC
  • Waterloo Accelerator Centre
  • York Entrepreneurship Development Institute
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Minimum Investment

The minimum investment you need to secure from a venture capital firm to qualify for the start-up visa program is $200,000. If you are being funded by an Angel Investor group, the minimum funding is $75,000.

You can gain legal advice and help from a variety of firms online to help you with securing Canadian Citizenship by Investment. They would also help you manage the documentation and paperwork that would be needed to secure the interest of these investment firms and enroll in the start-up visa program. The websites https://www.investorvisa.ca/startup-visa and https://canada.desjardinslawyers.com/ are all places you can find legal teams ready and willing to help.

Good luck with your immigration process and in your new business.

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