{"id":82552,"date":"2020-12-31T00:13:17","date_gmt":"2020-12-31T05:13:17","guid":{"rendered":"https:\/\/immigrationca.staging.wpengine.com\/start-up-visa-could-be-your-route-to-canada-through-immigration-in-2021"},"modified":"2021-05-16T23:20:42","modified_gmt":"2021-05-17T03:20:42","slug":"start-up-visa-could-be-your-route-to-canada-through-immigration-in-2021","status":"publish","type":"post","link":"https:\/\/immigration.ca\/fr\/start-up-visa-could-be-your-route-to-canada-through-immigration-in-2021\/","title":{"rendered":"Start-up visa could be your route to Canada through immigration in 2021"},"content":{"rendered":"

Small and medium-sized businesses in Canada are looking to spend more on technology as the Covid-19 pandemic draws to a close and that will spell opportunity for immigrant entrepreneurs in the Start-up visa program<\/span><\/a>.<\/p>\n

\u201cNearly 40 per cent of Canadian SMEs plan to invest in technology in 2021, which should benefit the sector,\u201d writes Pierre Cl\u00e9roux, vice-president of research and chief economist at the Business Development Bank of Canada (BDC), on the financial institution\u2019s website.<\/p>\n

\u201cOverall, the technology sector is projected to grow by 1.1 per cent in 2020 and then by 2.2 per cent in 2021.\u201d<\/p>\n

After being hit hard by Covid-19 in 2020 and suffering what may be the worst economic contraction since 1945 \u2013 a drop estimated at 5.5 per cent of its GDP \u2013 Canada is expected to bounce back this year and largely offset last year\u2019s losses.<\/p>\n

\u201cStrong consumption and a rebound in exports will give the Canadian economy a boost,\u201d writes Cl\u00e9roux.\u00a0 <\/span>\u201cBringing forward government investment projects should also provide a tailwind to Canadian economic growth.\u201d<\/p>\n

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Read more:<\/b><\/p>\n

Canada Among Friendliest Places in World for Immigrants: Report<\/a>
\n<\/span>Canada Rated Best Country In World For Welcoming Immigrants<\/a>
\n<\/span>Canada To Dramatically Increase Immigration to More Than 400,000 Per Year<\/a>
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The widespread distribution of vaccines to protect Canadians against the coronavirus is fuelling this optimistic outlook. The BDC is forecasting GDP growth of 4.5 per cent for Canada in 2021.<\/p>\n

Prime Minister Justin Trudeau\u2019s government responded quickly with financial aid programs for Canadians and the country\u2019s businesses during the pandemic. Those programs helped recoup jobs lost early in the pandemic and have put Canada on a more solid footing than the United States in terms of consumer spending.<\/p>\n

\u201cCanada should see a favourable export environment, and consumption should be supported by a resilient labour market as well as continued household support programs,\u201d says Cl\u00e9roux.<\/p>\n

With the economy poised to rebound, immigrant entrepreneurs may well be able to profit by coming to Canada under the Start-up Visa program.<\/p>\n

In the past few years, Canada has seen a steady rise in the number of new permanent residents through the Start-Up Visa Program.<\/p>\n

Started as a three-year pilot, it was made a permanent part of Canada\u2019s immigration system in March 2018. Since then, the total number of new permanent residents approved admission under the program has soared.<\/p>\n

Last year, admissions to Canada under the Start-up visa program more than doubled, to 510 from the 250 welcomed in 2018.<\/p>\n

The program targets innovative entrepreneurs and links them with private sector investors in Canada who will help establish their start-up business.<\/p>\n

Candidates can initially come to Canada on a work permit supported by their designated Canada-based investor, before qualifying for permanent residence once their business is up and running.<\/p>\n

There are three types of private-sector investors:\u00a0<\/span><\/p>\n