- International graduates who are from outside Canada and want to start businesses and settle in Alberta can reach up to this stream.
- This stream is freshly launched in 2021.
- The Foreign Graduate Start-up Visa Stream is an immigration pathway included in the Alberta Immigrant Nominee Program (AINP).
- To manage the stream, the AINP is collaborating with two approved designated agencies.
- Foreign graduates who wish to use the FGSVS to immigrate to Alberta must first work with one of the approved designated agencies.
- The designated agency will review the graduate’s business plans and, if they deem the plan worthy, the agency will issue a letter of recommendation.
- Receiving a letter of recommendation from an approved designated agency is one of the mandatory requirements for the FGSVS, but it is only one of many steps involved in the process.
- The minimum eligibility criteria for the FGSVS are as follows:
Must have at least 6 months of experience owning or managing the business (working with a business accelerator or incubator may qualify).
Must have completed a degree from a post-secondary institution outside Canada with the two years prior to applying and hold an ECA showing the credential is equivalent to a Canadian degree.
Must have completed an approved language test in either English or French an achieve a minimum of Canadian Language Benchmark of Level 7 (CLB 7) in all four abilities.
Letter Of Recommendation:
Must submit a letter of recommendation from an approved designated agency for the FGSVS.
- Must submit a business plan with projected financials.
- Must have a minimum of 34% ownership if the business is located in an urban centre or a minimum of 51% ownership if located in a regional area outside Calgary and Edmonton.
Must have a minimum level of investment from the candidate’s own equity, or from a Canadian financial institution, venture capital or investing firm prior to coming to Canada.
Minimum investment requirement is CAD$100,000 for businesses located in urban centers and $50,000 for those located outside urban centers.
Must have enough settlement funds to support themselves and accompanying family members upon arrival in Canada. Settlement funds are based on family size and the population size of the community where the applicant intends to settle.