How many foreign investors can apply on the same startup visa program application in Canada?

We are team of six Indian entrepreneurs looking to move to Canada with our families by launching our startup project there. Would you advise us to apply on a single application or should we all apply separately for the startup visa?

Answers

On February 02, 2022 Julien Tétrault answered:

There is a maximum of five foreign investors per startup company, so you would need at least two startups with, for example, three entrepreneurs per startup.

On February 07, 2022 Mathieu Simard answered:

The Canadian start-up visa program allows up to five partners in a business to apply for the same project (each holding at least 10% voting rights). The members should apply in one application. Note that the composition of the team would need to include at least one "essential person" to the project; this is key since if the application were to be refused, the other four members would be (refused) too.

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