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Comment by boris | Hacker News Reader

The Entrepreneur residence to Canada required net worth of CAD$300,000 which is quite a lot more than USD$65,000. Plus there are other requirements such as several years of experience running a business. Finally, if you look at the application processing times, in most countries it takes 1-2 years.

And it doesn't seem there is a way to start a business in Canada without a permanent residence.

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Yes that's true unforetunately. But getting a work visa in Canada is not difficult. It's likely with his skills he can find a tech job here. If it's that important he has access to the US then being in Canada is the best next option. The extra money would only hurt in his loss of time dedicated to his startup work.

Isn't there a 6 year visa backlog in Canada for skilled immigrants?

no... it is usually done in a few months.

The usa has this 6 years backlog..

http://www.cic.gc.ca/english/department/laws-policy/irpa.asp

"Canada currently has a large backlog of applicants in the skilled worker immigration category, which translates into wait times of as long as six years for people to find out if they can come to Canada. "

Again, work visa does not mean immigration. It means he gets to live here and has access to the US if he needs it. And he has access to VCs and startup communities as well.

If he needs a job in order to legally reside in Canada then it means he cannot work on his startup full time.

I did some research. You are allowed to borrow up to 70% of the $300,000. This is for Entrepreneur Immigration. For investor class then they need 400000 liquid assets and he can borrow %70 of that as well.

So it is not as impossible as it sounds.

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