Wednesday, September 12, 2012

Canada designs new visa for immigrant entrepreneurs


Reuters

Canada plans to create a new class of visa it hopes will attract high-tech and other entrepreneurs to immigrate to the country to start new companies, officials said 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 startup firms in Canada. The venture funds would be required to invest in the startups.