1. Is fast PR processing time a top priority?
The Start-Up Visa is the quickest way to obtain PR with an average processing time of 12 to 16 months, as opposed to other business immigration programs that could take as long as 28 to 36 months.
2. What kind of business are you planning to operate?
If you have an innovative business idea, the Start-Up Visa is recommended due to faster processing times. Individuals who are rather interested in owning or running a conventional business could consider Provincial Nominee programs.
3. Do you need business support to launch your business?
The Start-Up Visa provides the best types of support such as funding and administrative assistance via Venture Capitalists, Angel Investors, and Business Incubators.
4. Do you want to apply for the Express Entry program?
If the Express Entry is of your interest but you have a low CRS score, the Intra-Company Transferees (ICT) or the Labour Market Impact Assessment (LMIA) could be an appropriate next step to increase your score by up to 250 points.
5. Where do you want to live in Canada?
Federal programs such as the Start-Up Visa, ICT and LMIA will allow you to live anywhere in Canada. Other programs specify where you will move within the country.
6. Do you have supporting documents to prove that you have at least CAN $300,000?
The Start-Up Visa, ICT and LMIA do not require proof of minimum asset. Other programs do require a proof of at least CAN $300,000 in total assets. In any case, all programs require a significant amount of financial investment to start a business.
7. Do you have business management experience?
All business immigration programs require at least 2-3 years of managerial experience, except for the Start-Up Visa.
