September 26, 2017

Canada to create new class of visa to attract start-up entrepreneurs

Canada to create new class of visa

Canada plans to create a new class of visa that it hopes will attract high-tech and other entrepreneurs to immigrate to the country to start new companies, officials said on Tuesday. It has put a moratorium on issuing its existing entrepreneur visa, which only required an immigrant to hire one person for one year, and intends to initiate a visa that would be issued to people identified by venture capital funds as candidates to create start-up firms in Canada. The venture funds would be required to invest in the start-ups. It has put a moratorium on issuing its existing entrepreneur…