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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
  • Qualifying Business: The entrepreneurial applicant must have a qualifying business that becomes incorporated in Canada before or by the time that the applicant receives 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.
  • If the investment comes from a designated Canadian venture capital fund, you must secure a minimum investment of $200,000.
  • If the investment comes from a designated Canadian angel investor group, you must secure a minimum investment of $75,000.
Eligibility Criteria
  • Have access to liquid cash to invest in their venture (around 200,000)
  • Have highly specialized knowledge or unique experience in their field or have solid managerial experience.
  • 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
  • Each applicant must meet the minimum English or French language skill at CLB level 5.

Benefits

  • Direct path to Canada PR [Permanent Residency] for up to five applicants for one innovative business venture.
  • Fastest processing time amongst Canada business immigration programs.
  • Startup Visa applicant can work in Canada towards launching an innovative business while a permanent residence application is in process (Temporary Work Permit for Start-Up Visa Applicant)
  • 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.
  • Canada Startup Visa is a federal business immigration program, and therefore, an applicant can select a location/province to work and live.
  • Startup Visa applicant can bring a spouse and children to Canada.
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