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Business Visa

Start-up Visa for foreign entrepreneurs

Canada’s Start-Up Visa Program offers Canadian permanent residence to qualified immigrant entrepreneurs. It is largely referred to as the Start-Up Visa program (SUV).
The program targets innovative entrepreneurs and links them with private sector investors in Canada who will help establish their start-up business. Candidates can initially come to Canada on a work permit before qualifying for permanent residence once their business is up and running.

3 types of private-sector investors.

Angel Investors
Angel Investors
Venture Capital Fund
Venture Capital Fund
Business Incubator
Business Incubator

Eligibilities

  • Establish

    Establish a business in which each applicant holds at least 5o% of the voting rights.

  • Obtain

    Obtain a leer of JuppoW from a designated organization such aJ Onario Manitoba Government.

  • Hold

    Applicants and the designated organization must hold at least 5o% of the total voting rights.

  • Have

    An applicant must have a IELTS 5 bands in each module g Post secondary education.

  • Meet

    Meet the basic criteria for settlement funds.

Qualifying Business Requirements

  • The intended business must be incorporated and carrying on business in Canada.
  • The candidate must own at least 10 percent of the voting rights in the corporation.
  • No other person can hold 50 percent or more of the voting rights in the corporation.

Investment Commitments

  • A designated angel investor group must invest at least $75,000 into the qualifying business.
  • A designated venture capital fund must confirm that it is investing at least $200,000 into the qualifying business.
  • A designated business incubator must accept the applicant into its business incubator program.

How Canada Startup Visa Works

Step 1
Get Your Business Supported by a Designated Investor.
Step 2
Meet the Language and Education Requirements.
Step 3
Prove Your Business Meets Ownership Requirements.
Step 4
Have Sufficient Funds to Settle in Canada.

Processing Time

01

Phase #1

Draft of Business Plan (1-2 months)

02

Phase #2

Draft of Business Plan (1-2 months)

03

Phase #3

PR Application (8-12 months)

Additional Information About the SUV Visa

  • With your application, your family can also obtain Permanent Residency. This includes your spouse and children under the age of 22.
  • You and your family can come to Canada and access the Canadian healthcare and education systems.
  • You are eligible to apply for Citizenship after three years of living in the country.
  • The government will only accept up to 2,750 applications per year.
  • Funds requirements for PR are- 1 Member- $ 13,757; 2 members:$ 17,127; 3 members- $21,055.