Process

The process for getting a Start-Up Visa begins by a foreign entrepreneur meeting the eligibility requirements for the program, which includes the following steps:

Steps
  • Eligible Business: The entrepreneurial candidate must establish an eligible business that is incorporated in Canada either before or by the time they are granted a visa through the program.
  • Support From a Designated Organization: Next, the entrepreneur must demonstrate that a designated organization, including angel investor groups, business incubators, or venture capital funds, has agreed to support the business’s development in Canada by providing a letter of support to be included with the entrepreneur’s application.
  • Prove Sufficient Fluency in Canada’s Official Languages: Applicants must also provide proof of sufficient proficiency in either of Canada’s official languages: English or French.
  • To qualify for investment from a designated Canadian venture capital fund, you must obtain a minimum investment of $200,000.
  • If you receive investment from a designated angel investor group in Canada, you need to secure at least $75,000.
Eligibility Criteria
  • Have access to liquid cash to invest in their venture (around $200,000).
  • Possess advanced expertise or distinctive experience in their domain or demonstrate substantial managerial proficiency.
  • Have an upper-intermediate level of English and/or French language skill(s); and Have ownership of a successful, high revenue-generating company in their home country or a fast-growing company in a niche industry.
  • Each foreign national must hold a minimum of 10% of voting rights in the start-up. Foreign nationals and their designated organization must jointly have more than 50% of the total voting rights in the business.
  • Every applicant is required to demonstrate proficiency in either English or French at a minimum of CLB level 5.

Benefits

  • Direct path to Canada Permanent Residency (PR) for up to 5 applicants for one innovative business venture.
  • Fastest processing time amongst Canada business immigration programs.
  • Start-up Visa applicants can obtain a temporary work permit, allowing them to launch their innovative business in Canada while their permanent residence application is being processed.
  • Access to support from reputable Canadian angel investors, venture capital funds, and business incubators (Canada Startup Visa Designated Organizations).
  • Startup Visa applicants are not required to invest their own funds in a business venture, nor to meet any minimum net worth requirement.
  • The Canada Startup Visa is a national business immigration program, allowing applicants to choose any location or province within Canada for their residence and work.
  • Startup Visa applicants can bring a spouse and children to Canada.
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