Start-up Visa

Start-Up Visa Program

The Start-Up Visa Program is a Canadian immigration pathway designed to attract innovative entrepreneurs who can contribute to the Canadian economy by starting a new business. Here are the key details:

Eligibility Criteria

1. Qualifying Business: Applicants must have a business idea that is supported by a designated Canadian venture capital fund, angel investor group, or business incubator.

2. Commitment Certificate: Obtain a Commitment Certificate from a designated organization indicating they are investing in or supporting the business idea.

3. Language Proficiency: Meet minimum language requirements in English or French (CLB 5 in speaking, listening, reading, and writing).

4. Sufficient Settlement Funds: Have sufficient funds to settle in Canada, unless they are currently supported by a designated organization.

Application Process

1. Application to Designated Organization:

   • Submit a business idea to a designated Canadian venture capital fund, angel investor group, or business incubator and receive a Commitment Certificate if selected.

2. Application to IRCC:

   • Submit an application for permanent residence to Immigration, Refugees and Citizenship Canada (IRCC) within 12 months of receiving the Commitment Certificate.

3. Processing and Approval:

   • IRCC assesses the application based on admissibility requirements, including medical and security checks, and makes a decision on whether to grant permanent residence.

Benefits

• Innovation and Job Creation: Attracts entrepreneurs with innovative business ideas, contributing to Canada’s economy and job market.

• Permanent Residence: Successful applicants and their families become permanent residents of Canada, with access to healthcare, education, and social services.

• Supportive Ecosystem: Connects entrepreneurs with Canadian business incubators, accelerators, and investors, fostering growth and success.

The Start-Up Visa Program offers a pathway for talented entrepreneurs to establish innovative businesses in Canada, leveraging support from designated organizations and contributing to the country’s economic and entrepreneurial landscape.