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Hi,
How much capital do I need to start my business in Canada?
Thanks
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If you want to start a business for immigration purposes in Canada, the minimum investment necessary will depend upon which program is being applied for.
Start-up Visa Program has long been one of the premier immigration options available to business owners and entrepreneurs, requiring applicants to secure at least an investment from one of three designated sources: $200,000 from an eligible venture capital fund; $75,000 if funding originates with angel investor group; or if from business incubator.
If you want to start or invest in a Canadian business through Provincial Nominee Program (PNP), investment requirements vary by province and PNP stream; for instance, under British Columbia Entrepreneur Immigration stream it’s minimum $300k investment while depending on where your business will be situated in Saskatchewan either 300K CAD or $200,000CAD may be necessary depending on location requirements.
Important to keep in mind is that fulfilling the minimum investment requirement doesn’t guarantee approval of your application; additionally, your business plan needs to demonstrate viability, contributing positively to Canadian economic development while creating employment.
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