Start UP Visa (SUV)
Start-up Visa Program
Canada’s Start-up Visa Program targets immigrant entrepreneurs with the skill and potential to build businesses in Canada (Outside Quebec) that
- Are innovative
- Can create jobs for Canadians
- Can compete on a global scale
Discuss your Start Up Visa Program
The program targets entrepreneurs supported by Canadian designated organizations.
- Angel investors.
- Venture capital fund.
- Business incubator.
Quick Enquiry
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Why choose Start-Up Visa over any other business immigration program?
01
Direct PR Access
Facilitates permanent residency for up to 5 co-applicants per innovative venture.
02
Work During Application
Applicants can work in Canada on a Temporary Work Permit while their PR application is processed.
03
Robust Support Network
Access to top Canadian angel investors, venture capital funds, and business incubators.
04
No Personal Investment Required
There’s no need for applicants to invest their own funds or meet a minimum net worth.
05
Nationwide Choices
Freedom to choose any location across Canada for living and conducating business.
06
Family Inclusion
Spouses and dependent children can accompany the applicant, with spouses eligible for work permits.
07
Secure Status
Permanent residency status is maintained, regardless of the business outcome.
Start-Up Visa Canada Requirements
To qualify under this program:
Each application must hold 10% or more of the total voting rights
And
applicants and the designated organization together must hold more than 50% of the total viting rights.
If your application is successful, you need to
- Incorporate your business in Canada
- Provide active and ongoing management of your business from inside Canada
- Make sure an essential part of business operations happens in Canada
Designated Organization: You must secure a commitment from a designated organization (venture capital fund, angel investor group, or business incubator). This involves pitching your business idea and convincing them of its viability and potential success.
Documentation: Upon agreeing to support your business, the organization will provide a Commitment Certificate directly to Immigration, Refugees and Citizenship Canada (IRCC) and a Letter of Support to you, which you must include in your application.
- Designated Angel investor: Must commit at least $75,000 into the qualifying business
- Designated Venture Capital: Must commit at least $200,000 into the qualifying business (Candidates can also qualify with two or more commitments from designated venture capital funds totalling $200,000.)
- Designated Business Incubator: Must accept the applicant into its business incubitator program
- Language Test: You must take a language test from an approved agency and meet the minimum level of the Canadian Language Benchmark (CLB) 5 in English or French in all four areas: speaking, reading, writing, and listening.
- Proof of Proficiency: Submit test results with your application that are less than two years old to prove your language skills.
- Financial Proof: You must demonstrate that you have enough money to support yourself and your dependents after you arrive in Canada. The government updates these amounts every year.
- No Borrowing: These funds must be available to you without borrowing. This means the money cannot be borrowed from another person or entity.
- Application Submission: Once you secure a commitment from a designated organization, you can submit your application for permanent residence.
- Background Checks: You will need to undergo security and medical checks to ensure you’re admissible to Canada.
To qualify under this program:
Each application must hold 10% or more of the total voting rights
And
applicants and the designated organization together must hold more than 50% of the total viting rights.
If your application is successful, you need to
- Incorporate your business in Canada
- Provide active and ongoing management of your business from inside Canada
- Make sure an essential part of business operations happens in Canada
Designated Organization: You must secure a commitment from a designated organization (venture capital fund, angel investor group, or business incubator). This involves pitching your business idea and convincing them of its viability and potential success.
Documentation: Upon agreeing to support your business, the organization will provide a Commitment Certificate directly to Immigration, Refugees and Citizenship Canada (IRCC) and a Letter of Support to you, which you must include in your application.
- Designated Angel investor: Must commit at least $75,000 into the qualifying business
- Designated Venture Capital: Must commit at least $200,000 into the qualifying business (Candidates can also qualify with two or more commitments from designated venture capital funds totalling $200,000.)
- Designated Business Incubator: Must accept the applicant into its business incubitator program
- Language Test: You must take a language test from an approved agency and meet the minimum level of the Canadian Language Benchmark (CLB) 5 in English or French in all four areas: speaking, reading, writing, and listening.
- Proof of Proficiency: Submit test results with your application that are less than two years old to prove your language skills.
- Financial Proof: You must demonstrate that you have enough money to support yourself and your dependents after you arrive in Canada. The government updates these amounts every year.
- No Borrowing: These funds must be available to you without borrowing. This means the money cannot be borrowed from another person or entity.
- Application Submission: Once you secure a commitment from a designated organization, you can submit your application for permanent residence.
- Background Checks: You will need to undergo security and medical checks to ensure you’re admissible to Canada.