Start-Up Visa Program
What is the Start-Up Visa Program?
The Start-Up Visa Program (SUV) is a Canadian immigration initiative aimed at entrepreneurs looking to launch an innovative business in Canada It offers a straightforward route to permanent residency for business founders who obtain from designated Canadian organizations.
Eligibility Requirements (General)
To qualify for the Start-Up Visa Program, applicants must meet the following criteria:
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Qualifying Business:
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The business must be innovative, have growth potential, and be competitive globally.
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At the time of receiving permanent residence:
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The applicant must own at least 10% of voting rights in the business.
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The designated organization and applicants must jointly own more than 50% of voting rights.
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Letter of Support from a Designated Organization:
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The applicant must secure support from one of the following:
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Venture Capital Fund (must invest at least CAD $200,000).
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Angel Investor Group (must invest at least CAD $75,000).
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Business Incubator (must accept the business into an incubation program).
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Language Proficiency:
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Minimum CLB 5 in English or French (IELTS: Listening 5.0, Reading 4.0, Writing 5.0, Speaking 5.0).
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Sufficient Settlement Funds:
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Applicants must prove they have enough money to support themselves and their dependents upon arrival in Canada. The amount depends on family size.
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Intent to Live Outside Quebec:
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Since Quebec has its own business immigration programs, applicants must plan to settle in any province except Quebec.
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Advantages of the Start-Up Visa Program
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Permanent Residency from Day One – Entrepreneurs and their families receive PR regardless of business success.
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No Minimum Investment Requirement from the Applicant – The required funding comes from a designated organization, not the applicant.
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No Age Limit or Prior Business Experience Required, making it accessible to younger entrepreneurs.
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Multiple Founders Can Apply – Up to 5 co-founders can apply under the same business.
