Countries all over the world have immigration programs to attract foreign entrepreneurs and investors to establish or acquire a business in their country. Canada also has the Start-Up Visa Program to encourage international entrepreneurs to establish their businesses in Canada and obtain permanent residence. However, compared to other countries, how good is the Start-Up Visa Program? Let’s find out.
Canada is among the top 5 countries that offer the most popular business immigration programs. The others include Estonia, Australia, the United Kingdom, and Ireland.
How Is the Business Immigration Program In Australia?
Australia allows foreign entrepreneurs and investors to own and operate their businesses in the country. Different business immigration programs offered by Australia have different requirements, but they all require the applicants to be fluent in English and have a business plan. Typically, a business visa in Australia is issued for 5 years. However, the one downside of business immigration programs in Australia is that the average processing time for visa applications ranges from 30 to 34 months. The Investor Stream, for example, requires applicants to invest a minimum of $2.33 million in Australia and allows a stay of up to 5 years. The application fee for this stream is around $5,662.
How Is the Business Immigration Program In Estonia?
Estonia’s start-up program offers a visa that is valid for either 3 months or 1 year. It has reportedly already attracted over 1,000 new enterprises, even though it is limited only to tech-based companies. Next, Estonia is on the lookout to attract global companies such as Airbnb and Uber. The minimum requirement for a Start-Up Visa in Estonia is only $2,770 per year. However, living expenses significantly add up to this cost.
How Is the Business Immigration Program In Ireland?
Ireland’s Start-Up Visa program requires applicants to have a minimum net worth of at least $72,104 and start an innovative business in the country to stay there full-time.