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$ 350K? That's definitely not an "angel" you're dealing with. They are supposed to give YOU money, not take it from you. Cost of setting up a company in Canada is a few hundred dollars. Any accountant will do it for you. Formats for shareholder agreements, term sheets, etc are easily available...

Yes. It makes no difference at all. If the IRCC feels that the business venture appears suspect, then it may refer the case for a peer review. But then that's true for multiple founder-based companies as well.

Not at all.The process is the same.

1) No. 2) No experience. 3) No experience. 4) Absolutely not. Once in possession of a Letter of Support, the SUV documentation is very straightforward. A consultant is unnecessary. 5) Did not apply for WP, but did not incorporate before applying for permanent residency. Did not see any value...

You just need to **register** in Ontario - federal incorporation is fine. You do not need to incorporate again and have another office in a second province. Registration is not the same as incorporation. If you move to another province, you just need to register there without incorporating...

No, but the spelling of the name and date of birth should be an exact match.

You're welcome, happy to hear that you found the information useful. As I said, if there is an urgent need - such as getting a spot with the incubator - it may prove worthwhile to apply for the WP first. The landing interview for the PR takes 2 minutes and 3 questions. On a work permit...

Around 14 months. This is IRCC's projected timeline and not based on the history of completed applications. Take this number with a huge grain of salt. I personally know many who have got their SUV application processed with 5-7 months. Some even got theirs in 4. I applied directly for PR...

Great to hear that! You had been waiting for a long time! Welcome to Canada!

The process sounds extremely shady, and the fees are exceptionally high.

The background check is an advanced stage of the SUV application, so hang tight and you should get your COPR sooner than later. Good luck!

Spending money on an attorney will add no value at all. The SUV forms are very straightforward. We applied directly in early 2018, and the entire process of AOR (receipt) to COPR (approval) took less than 5 months. Use that money on your business instead. If you have any trouble with the forms...

In my last post, I referred to the due diligence by IRCC - they asked for all the extra paperwork/ADR during the application process. Agree - the SUV timeline and process isn't clear at all and very subjective.

If you have an existing business or potential customers, then you can receive (or begin receiving) payments in your home country. Incorporation in Canada has nothing to do with financial transactions. Preferable yes, but not an absolute necessity. That is where the due diligence process kicks...

The WP applicants I mentioned were all outland. Like I said, the timelines are anything but predictable. Yes, incorporation is a choice. If there is an urgent business need, then the entrepreneur can go ahead and incorporate before becoming a permanent residence. However, the corporation...

SUV work permit timelines are a roll of dice. I personally know three people whose SUV WP took nearly five months. Nowhere near the promised two weeks. It is better to apply for SUV directly. If a Start-up business is up and running - or has potential customers - then the entrepreneur(s) can...

Correct - the SUV process allows for incorporation after the applicant becomes a PR. This is called 'conditional incorporation'. Besides, one of the directors needs to be a PR to receive the tax benefits of a CCPC. (Canadian Controlled Private Corporation).

No, you do not need to incorporate or be on the company's payroll before applying for the SUV. But you must incorporate soon after becoming a permanent resident.

That article is incorrect or your interpretation is wrong. The SUV acceptance rate was 80% for the 111 applications received between 2014-2016. The recent years should have a similar success rate. The 2750 number was the annual SUV quota during the pilot stage and not the count of completed...

The applicants DO NOT have to stay in Canada during the process. Any amount of travel is ok, just mention it in the travel history section of the application.