Equity Requirements

As a key prerequisite for obtaining permanent residency (PR), each founder is required to possess a minimum of 10% equity in the startup. The startup facilitates the provision of this 10% equity to the founders, a process initiated upon the startup's incorporation in Canada as done by the Incubator. During the incorporation, equity shares corresponding to each shareholder, primarily the founders, are declared and subsequently registered.

Upon the completion of the PR process in two years, the equity must be returned to the startup. It is essential to note that since the startup grants the 10% equity to the founders specifically for PR purposes, founders are restricted from selling or diluting their equities to third parties.

The fees paid for advice and facilitation on the Startup VISA program DO NOT count as investment into the Startup, because they are not investments into the company.