Start Up Visa Canada

Your Path to Residency and Entrepreneurial Achievement.

Are you an entrepreneur looking to establish a business in Canada and secure permanent residency? The Start-Up Visa (SUV) Program offers a strategic pathway for innovative individuals like you. This article provides a comprehensive guide to Canada's SUV Program, detailing eligibility requirements, application procedures, and how Canvest can assist you throughout the process.

Canada's Start-Up Visa Program is designed to attract entrepreneurs with innovative business ideas that can contribute to the Canadian economy. Endorsed by designated organizations such as venture capital funds and business incubators, this program expedites the immigration process for individuals who demonstrate the potential for significant business growth and job creation.

Eligibility Criteria

01

Each applicant must hold at least 10% of the total voting rights in the business, and together with the designated organization, must hold more than 50% of the total voting rights.

Qualifying Business

Secure a letter of support from a designated organization that believes in the viability of your business idea. The organization will also provide a commitment certificate directly to (IRCC) as part of your application.

Letter of Support

Achieve a minimum of CLB 5 in English or French for listening, reading, writing, and speaking. This proficiency level ensures effective communication & integration into the Canadian business environment.

Language Proficiency

Demonstrate sufficient funds to support yourself and your dependents after arriving in Canada. The required amount varies based on family size, with updates published annually by IRCC.

Settlement Funds

Application Procedure

The application process for the SUV Program involves several steps:

Obtain Designated Organisation Support

Contact a designated organization to discuss your business proposal and secure their endorsement.

Submit
Your Application

Provide necessary documentation, including the commitment certificate from the designated organization.

Processing
and Decision

IRCC will assess your application. If approved, you will receive a Confirmation of PR and can immigrate to Canada.

How do I apply for the Start-up Visa Program?

To apply for the Start-up Visa Program, you must pitch your qualifying start-up to a designated organization and get their support. Meet the language requirements. Bring enough money to settle and invest in your business in Canada.
What kind of business qualifies for the Start-up Visa Program?

Canada’s Start-up Visa Program targets immigrant entrepreneurs with the skills and potential to build businesses in Canada (outside Quebec) that Are innovative. Can create jobs for Canadians. Can compete on a global scale.
What is the processing time for the Start-up Visa Program?

The processing time for the Canada Start-up Visa is 37 months.
Who can apply for the Start-up Visa Program?

Anyone who meets the requirements of the Start-up Visa Program can apply. If you have a qualifying business, fulfill the language requirements, and have enough settlement funds, you can apply for the Start-up Visa Program.
How many people can apply under one application for the Start-up Visa Program?

A total of five business partners can apply under one application for the Start-up Visa Program.
What is a qualifying business for the Start-up Visa Program?

To qualify under this program Each applicant must hold 10% or more of the total voting rights. Applicants and the designated organization together must hold more than 50% of the total voting rights.
What is a designated organization for the Start-up Visa Program?

Designated organizations are business groups that have been approved to invest in or support potential start-ups. The organization will also send a commitment certificate directly to the IRCC. This is an immigration document used to evaluate your application.
What is the latest update on the cap on designated organizations for the Start-up Visa Program?

Each calendar year, only 10 complete group applications per designated organization will be considered. Applications will be considered on a first-come, first-served basis. If you apply after the annual cap is reached, your application will be returned and your processing fees reimbursed.
What is the language requirement for the Start-up Visa Program?

You need to achieve a Canadian Language Benchmark (CLB) 5 in listening, reading, writing, and speaking (in either English or French) to qualify for the Start-up Visa Program.
How much money should one bring as an immigrant under the Start-up Visa Program?

The Government of Canada won’t support you financially as a start-up visa immigrant. When you apply, you’ll need proof that you have the money to support yourself and your dependents after you arrive in Canada. The amount you need depends on the size of your family. These amounts are updated every year.