Overview
Types of Non-immigrant Visas:
Overview
Government Support
Eligibility
Required commitment from a designated entity
- A designated angel investor group must confirm that it is investing at least $75,000 into the qualifying business, or two or more commitments from designated angel investor groups totaling $75,000; OR
- A designated venture capital fund must confirm that it is investing at least $200,000 into the qualifying business or two or more commitments from designated venture capital funds totaling $200,000; OR
- A designated business incubator must confirm that it is accepting the applicant into its business incubator Program.
To receive a work permit, an applicant must provide:
- A letter of support from the designated entity; and
- Proof they have sufficient funds to meet the low-income cut-off (LICO) for their family size, for one year.
Intended business must be incorporated
- The applicant owns a least 10 percent of the voting rights in the corporation; AND
- No other person holds 50 percent or more of the total amount of voting rights in the corporation.
Up to five applicants may have their application for permanent residence supported by the same business investment. However, certain applicants may be designated essential to the intended business. If any of the essential applicants withdraw their application or are refused for other reasons, all other applicants under the same business investment will see their applications terminated.
Applicants who have secured a Commitment Certificate from a designated entity, and who wish to begin working in the business during the processing of their permanent residence application may be able to apply for a short-term work permit
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