I was wondering if anyone has already got this answered. As per eligibility requirements of Start-up VISA, it states that founders with 10% stake in the startup are eligible to apply for startup visa. My question is, if one of the founders of a startup is only an investor and has not provided any significant skilled work but still has more than 10% stake, would he qualify to apply for startup visa? considering all other factors taken care of like, Canadian VC investment, monetary requirements etc.
if one of the founders of a startup is only an investor and has not provided any significant skilled work but still has more than 10% stake, would he qualify to apply for startup visa?
