Canada Start up Visa Program

Give Your Startup a Headstart with Canada Startup Visa Program

Overview of Canada Start up Visa Program

If you are an entrepreneur, who would like to come to Canada and start a business, then Canada’s Start-up Visa Program is just the right platform for you.

This program is designed to attract the enterprising entrepreneurs from across the world offers Canadian permanent residence to the qualified immigrants. Commonly referred to as the Start-Up Visa program (SUV) but it is officially known as the Canada Start up Class.

The Canada’s Start-up Visa Program mainly targets the immigrant entrepreneurs who have the skills and potential to build businesses in Canada that are innovative, can help in creating jobs for Canadians and can compete on a global scale. The applications of the entrepreneurs who qualify for the Start up Visa program will be fast-tracked. The main aim is to clear successful applicants for entry into Canada within weeks.

Some of the application requirements for the Start-up Visa Program

  • Should have a qualifying business
  • Get a letter of support from a designated organization
  • The language requirements are met. This means you must meet minimum score of the Canadian Language Benchmark level which is 5 in speaking, reading, listening, and writing in either English or French.
  • Bring enough funds to settle

Nominated entities that are authorized to make an investment are A Canadian private sector angel investor, venture capital fund, or business incubator.

The following requirements must be met by the investors:

  • Angel investor group which has been designated must invest at least $75,000 into the qualifying business. Candidates can also qualify with two or more investments from angel investor groups totaling $75,000.
  • Venture capital fund which has been designated must invest at least $200,000 into the qualifying business.
  • Lastly, a business incubator must accept the applicant into its business incubator program.

Requirements for Start-Up Visa Program Business Ownership

  • One of the requirements is that the intended business must be incorporated and carrying on business in Canada.
  • At least 10 percent of the voting rights in the corporation must be of the candidate.
  • The majority of the voting rights in the corporation will be held by the person who has established the company.

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