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Incubators asking for large amount of money to get letter of support.

Adonmartial

Newbie
Feb 2, 2020
1
0
My incubator asked for just under 10k to be accepted into the program and it covers 1year office space and also some of the courses that the incubator offers and some other perks. This was disclosed to me early and I will pay the full amount to the incubator when I get my permanent residence.

I suggest asking them if they need payment now regardless of the outcome with the IRCC or after you get your PR. I would send them any payment before you get the PR you have a high risk of not getting your money back since usually, those payments are nonrefundable.
hi
can you share with me the details of your incubators please ? you can send through private email adonmartial@aol.com thanks
 

MMM1

Newbie
Mar 2, 2020
2
0
Hi,
I wonder to know if obtaining “Letter of Support” from an incubator will guarantee your PR if you meet medical check, wealth requirements, FBI check & English ?
Thank you
 

k.h.p.

VIP Member
Mar 1, 2019
7,765
1,684
Canada
No one can tell you likelihood chances without being a visa officer.

Your chances are somewhere between 0% and 100%.
 

Annabelle@Gav

Newbie
May 20, 2020
2
0
Hello , No one sell the visa. if they are asking money exactly in regard with letter of support issuance, there would be a high chance of refusal as it may go under a peer review and as far as I know, IRCC has prohibited all business incubator to ask money for the letter.

However , they may told you that you have to participate into an incubator program which costs you $20k . this is adifferent story .
Hi, I'm also considering it, what do they do in incubator program against this hefty amount, your help is appreciated. Thanks.
 

canadavisaQs

Star Member
Aug 15, 2019
155
25
To incorporate in Canada, you typically need to have a partner who is either a citizen or pr. Probably best to check with a business lawyer in Canada. If you are able to incorporate - no guarantee unfortunately that you’ll be able to get work permits.
This is spreading false information, please do not do that.

Anyone can incorporate a business in Canada, without having to even step food in Canada, forget about being a Canadian resident.

Incorporating doesn't gaurantee anything, it just means you have incorporated a business in Canada.
 

Startup_Visa

Newbie
Sep 30, 2019
7
1
@canadavisaQs there is nothing false about @scylla statement. He has clearly said typically and he is right that Federal Incorporation for a Limited Liability Company requires 25% resident Canadian Directors. So 25% Directors have to be Canadian PR or Citizens.
 
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