Canada’s Start-Up Visa Program offers Canadian permanent residence to qualified immigrant entrepreneurs. It is officially known as the Canada Start-Up Class. But 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 supported by their designated Canada-based investor, before qualifying for permanent residence once their business is up and running.
There are three types of private-sector investor:
The basic candidate eligibility requirements for the Start-Up Visa are:
A designated entity is a Canadian private sector angel investor, venture capital fund or business incubator.
The required commitment must meet the following criteria:
If an entrepreneur has a viable start-up business project, it will take about 4-6 months to secure a commitment certificate/letter of support from a designated entity. Once a letter of support is received, the application for permanent residence can be submitted. It will take approximately 18-months to finalize the application for visa issuance.
Through our Canada based facilities, our firm works extensively with industry-acclaimed designated entities in the Canadian start-up ecosystem. We provide a range of hands-on business advisory services to help entrepreneur immigrants and their start-up business concept meet all industry requirements. For more details, you can obtain a free consultation here.
Speak with one of our citizenship and residency advisors today to find out how a second passport or residency can enhance your life. Our experts will guide you through the process and match you to the program that best meets your needs. Book a completely free, no-obligation consultation today.Schedule Now