The Canada Start Up Visa Program is a government-approved Permanent Residence Program administered
by the Federal Government, offering a pathway to contribute to Canada’s entrepreneurial ecosystem while enjoying the privileges and rights of permanent residency.
Approved investors can obtain a permanent status in Canada for themselves and their families while building certain businesses in Canada and creating jobs for Canadians.
There are several key advantages for those applying to the Canada Start-Up Visa Program, including:
The Canada Start-Up Investor Visa Programme is aimed at providing permanent residence to entrepreneurs and active investors in companies and expanding businesses that seek to establish a presence in the country.
The Canada SUV Programme targets immigrant entrepreneurs with the skills and potential to build businesses in Canada that:
A qualifying business means you created a business that meets the following conditions:
A total of five investors can apply as owners of one company — with one investor chosen as the head of the company (best-suited for the position as per investor’s qualifications).
Furthermore, clients are required to prepare and submit a business proposal, which needs to be approved by a designated government business organisation. Once approved by a business incubator, an angel investment group, or a venture capital fund (depending on the investment option chosen), the client receives a letter of support. This allows them along with their family, to apply for permanent residence. In order to maintain permanent resident status, physical presence for two out of five years (or 730 days) in Canada is required.
The process can take up to 37 months.