Here is a question I emailed yesterday to a guy a LaunchpadPEI, a startup incubator among CIC's designated organizations, that doesn't provide any money (I don't need any), and takes no equity. If you say Yes, please provide a reference in terms of a CIC web page stating so, or a Canadian law web site stating so. I already found a few non official web pages stating so. So, proving me with such a link to a non official web page brings me exactly 0 bits of new information. I am looking for official information.
Short version of the question: Does the startup visa require incorporating in Canada ?
Long version of the question (actual email I sent):
Subject of the email:
Startup Visa Program - Do you, or does Canada, require the business to be incorporated in Canada ?
Body of the email:
I am considering applying, in about three years (once I have a working product and a few sales), for the startup visa program using Launchpad PEI as the business incubator. The business I have in mind in a SaaS business.
I know that the law can change in the next three years. But, as of now, does Launchpad PEI, or does Canada, require the business to be incorporated in Canada to be eligible for such a visa, either before the PR is granted, or after (such as by requiring a commitment to incorporate in Canada upon the granting of the PR) ?
My current thinking is to develop the product without any business structure then, once I am ready to make my first sale, form a single member LLC in Belize to hold the intellectual property. I was wondering whether or not I can then join your SUV program and run the business from Prince Edward Island without forming a Canadian corporation. Or whether I would still have to form a Canadian corporation for the operation of the business in order to be eligible for your SUV program.
Short version of the question: Does the startup visa require incorporating in Canada ?
Long version of the question (actual email I sent):
Subject of the email:
Startup Visa Program - Do you, or does Canada, require the business to be incorporated in Canada ?
Body of the email:
I am considering applying, in about three years (once I have a working product and a few sales), for the startup visa program using Launchpad PEI as the business incubator. The business I have in mind in a SaaS business.
I know that the law can change in the next three years. But, as of now, does Launchpad PEI, or does Canada, require the business to be incorporated in Canada to be eligible for such a visa, either before the PR is granted, or after (such as by requiring a commitment to incorporate in Canada upon the granting of the PR) ?
My current thinking is to develop the product without any business structure then, once I am ready to make my first sale, form a single member LLC in Belize to hold the intellectual property. I was wondering whether or not I can then join your SUV program and run the business from Prince Edward Island without forming a Canadian corporation. Or whether I would still have to form a Canadian corporation for the operation of the business in order to be eligible for your SUV program.