(From Yahoo.ca) Canada's newest immigration policy — the Start-up Visa Program — is being lauded by analysts in the United States.
As April 1st, foreign start-up entrepreneurs can apply for immigration if they have a start-up business idea and a funding commitment from a designated Venture Capital Organization or Angel Investor in Canada.
It seems sometimes like this Minister is making things up as he goes along. Economic immigration to Canada is becoming a bit of a shell game. How can we measure performance when the target keeps moving? I pay attention to this subject on a regular basis of course, and I can't even keep up with the changes.
What does that mean to potential immigrants who are attempting to find their way through this confusion?
Kenney's manipulations of the country's immigration programs seem at times designed simply to obfuscate the landscape in such a way as to defer criticism and mask both the intent of policy and the performance of the programs. Rather than enhance the well-known Investor Class programs, Kenney has raised the investment requirement bar there, and added an entirely new class - Start-up, with a bizarre set of core requirements:
- You must demonstrate intermediate knowledge in both English and French
- You must have completed at least one year of Post-Secondary Education
- Receive a minimum funding commitment of $200,000 CDN from a designated Venture Capital Organization (or $75,000 from an approved Angel Investor)
The Canadian government has allotted 2750 statup visas per year for start-up entrepreneurs and their families under this temporary (5-year) program.
Pay close attention to the shell game Kenney is playing with immigration in Canada. If he makes it confusing enough, and expensive enough to participate, no one will want to immigrate here.
Read more about the program
Read the Yahoo article here