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News Release — Canada Open for Business to Start-Up Entrepreneurs

Ottawa, March 28, 2013 The world’s best and brightest entrepreneurs from around the world, with ideas for new business ventures and financial backing from Canadian investors, can apply to the brand-new Start-Up Visa Program as of April 1, Citizenship, Immigration and Multiculturalism Minister Jason Kenney announced today.
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To apply for permanent resident status in Canada, the foreign entrepreneur must first secure a significant investment commitment from a designated Canadian angel investor group or venture capital fund. Applicants must also demonstrate language proficiency skills at a Canadian Language Benchmark 5 in listening, speaking, reading and writing, and have at least one year of education at a post-secondary institution.

With our new start-up visa, we are opening the door to new and exciting opportunities for Canada’s economy to grow and prosper,” added Minister Kenney. “This is part of our government’s transformational changes to Canada’s immigration system that will make it fast, flexible, and focused on Canada’s economic needs.

source: http://www.cic.gc.ca/english/department/media/releases/2013/2013-03-28.asp