Canada Startup Visa

The Federal Start-up Visa program encourages foreign nationals to build innovative and internationally competitive companies that will create employment opportunities for Canadians. Entrepreneurs who are eligible for the program will receive funding, guidance, and expertise for opening and operating their companies in Canada.

The announced changes to Immigration, Refugees, and Citizenship will go into effect on April 30, 2024.

To improve the Start-up Visa Program, we will encourage designated venture capital firms, angel investor groups & business incubators to focus on the most promising proposals by capping the number of permanent residence applications we will accept for processing each year to those associated with no more than 10 start-ups per designated organization ……….

Eligibility Requirement

  • Age: Must be between 20 and 65 years

  • Language Proficiency: Minimum CLB 5 (equivalent to IELTS 5)

  • Education: Preferably a post-secondary diploma of at least 2 years (not mandatory but advantageous)

  • Personal Net Worth: Minimum CAD 750,000 with proof of source of funds

  • Business Background: Experience in business ownership, entrepreneurship, or management (preferred but not compulsory)

  • Investment Requirement: Secure a minimum investment of CAD 200,000 from a recognized Venture Capital firm for the startup

  • Working Capital: Adequate funds to cover the initial business needs

  • Settlement Funds: Sufficient financial resources to support settlement in Canada

  • Admissibility: Must not be medically or criminally inadmissible to Canada

  • Clean Record: No criminal background and must pass a medical examination

Step to Permanent Residence

1) Review Applicant’s Qualifications
2) Match the Applicant with a Designated Organization
3) Interview
4) Receive a Letter of Support
5) Setup company
6) Submit the Permanent Residence Application
7) Land and Establish the Business

SUVV Advantages

1) Direct pathway for permanent residence in Canada.
2) Open to all nationalities.
3) No limitations on business activities in Canada.
4) No net worth requirement or verification.
5) Fast approval time of approximately 12-18 months;
6) No Location Restrictions (except Quebec)
7) Family Inclusion. (dependent child under 21 years old)

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