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Start Up Visa
In the dynamic landscape of global entrepreneurship, Canada has emerged as a beacon for visionary minds and innovative thinkers through its groundbreaking initiative – the Canadian Start-Up Visa Program. This program stands as a testament to Canada’s commitment to fostering innovation, economic growth, and diversity on the global stage.
The Canadian Start-Up Visa Program offers a unique pathway for talented entrepreneurs from around the world to establish their innovative ventures in Canada. Launched with the aim of attracting cutting-edge talent and transformative ideas, this visa program has quickly become a catalyst for the country’s vibrant start-up ecosystem.
Aspiring entrepreneurs who meet the criteria set by the program gain access to a supportive environment that encourages the development of groundbreaking technologies, products, and services. From artificial intelligence to sustainable technologies, the Canadian Start-Up Visa Program welcomes pioneers across various industries, promoting the exchange of ideas and the creation of lasting economic value. One can apply for the program as an individual or as a part of up to 5 business owners.
The Canadian Startup Visa program aims to drive economic growth, job creation, and innovation by attracting and retaining talented entrepreneurs who can contribute to the country’s thriving startup ecosystem. Applicants are encouraged to review the specific program requirements and consult with designated organizations for the most accurate and up-to-date information.
You can also explore other immigration pathways more suited to each particular situation. All of our fees and packages are also available!
Book a consultation today to discuss your eligibility and take your first step towards living and working in Canada. Let us guide you through the Start-up Visa and turn your Canadian entrepreneur dream into a reality.
QUALIFYING BUSINESS
LETTER OF SUPPORT
LANGUAGE REQUIREMENT
SETTLEMENT FUNDS
QUALIFYING BUSINESS
To be eligible for participation in this program:
- Each applicant is required to possess a minimum of 10% of the overall voting rights.
- Collectively, the applicants and the designated organization must have a combined ownership of more than 50% of the total voting rights.
Upon successful application, the following steps are mandatory:
- Establish your business as a legal entity in Canada.
- Ensure active and continuous management of your business from within Canada.
- Guarantee that a vital component of your business operations takes place in Canada.
LETTER OF SUPPORT
Designated organizations play a pivotal role in the Canadian Start-Up Visa Program, serving as established business entities authorized to invest in or provide assistance to potential start-ups. These organizations act as crucial facilitators in the journey of aspiring entrepreneurs.
To navigate this process effectively, it is imperative that you:
- Initiate communication with the designated organization of your choice to inquire about the steps required to secure its support for your venture.
- Articulate a compelling case that persuades the organization of the inherent value and potential of your business, highlighting why it merits their backing.
- Obtain a formal letter of support from the designated organization, reinforcing the collaborative commitment between you and the supporting entity.
Moreover, the designated organization will directly submit a commitment certificate to the relevant immigration authorities. This certificate, serving as a vital immigration document, plays a pivotal role in the evaluation of your visa application, underlining the collaborative endorsement of your entrepreneurial endeavor by the approved business group.
LANGUAGE REQUIREMENT
Applicants will need to achieve level 5 of the Canadian Language Benchmark (CLB) in reading, listening, writing, and speaking. The language test needs to be conducted by an approved agency.
SETTLEMENT FUNDS
The Canadian government does not provide financial assistance to immigrants under the Start-Up Visa program.
As part of your application process, you are required to demonstrate that you possess the financial means to support both yourself and your dependents upon your arrival in Canada. It is important to note that borrowing this required amount from another individual is not permissible.
The specific financial requirements vary based on the size of your family, and these amounts are subject to annual updates. Ensuring that you have the necessary funds underscores your ability to establish a stable foundation for your resettlement in Canada and reinforces your commitment to self-sufficiency during the initial phases of your entrepreneurial journey in the country. Depending on the number of people in the family, a certain amount of funds will be required.
APPLICATION CHECKLIST
PROCESSING TIME
PROCESSING FEES
APPLICATION CHECKLIST
As of October, 2022 it is mandatory that all applicants apply online for this program unless they require special accommodation.
The documents that need to be gathered and uploaded include:
- Generic Application Form for Canada (IMM 0008)
- Schedule A – Background/Declaration (IMM 5669)
- Additional Family Information (IMM 5406)
- Supplementary Information – Your travels (IMM 5562)
- Supplementary Information – Your Travels (IMM 5562)
- Schedule 13 – Business Immigration Programs – Start Up Business Class (IMM 0008 – Schedule 13)
- Travel documents and passports:
- Proof of Language Proficiency:
- Letter of Support
- Identity and Civil Documents
- Children’s Information (if applicable)
- Police Certificates and Clearances
- Photo Requirements:
- Fee Payment in an acceptable format
- Settlement Funds
PROCESSING TIME
Once the applicants meet the necessary requirements, the average processing time for this program is 37 months and applicants are advised to keep-up with updates regarding the processing time of their application.
PROCESSING FEES
The government processing fees for this program start from $2140 and if you decide to retain us as your representative, some professional fees will be applicable.
Program Timeline
Create a Permanent Residence Online Application Portal
Gather all of the necessary documents in support of your application and follow the Instruction Guide (IMM 5759) for a smooth application process.
Fill out Digital and PDF forms
Most of the PDF forms do not need to be signed and need to be uploaded with the online application. Also, upload one photo for each family member.
Biometrics, Fees, and Submission
If aged between 14 and 79, complete the biometrics process within 30 days of receiving the instruction letter. When submitting your application, upload the documents, answer all the questions, sign the application, and include the processing fee receipts.
Temporary Work Permit
As your application for permanent residence undergoes processing, you have the option to apply for a temporary work permit. This allows you to travel to Canada and initiate the establishment of your business while your permanent residency application is being reviewed.
Our Professional Fees
What is a designated organization?
Designated organizations are approved groups that can invest in or support potential start-ups. Entrepreneurs need their support to be eligible for the program.
Can I borrow the required funds from someone else?
No, borrowing the required funds from another person is not allowed. Applicants must show that they possess the necessary financial resources.
What happens if the designated organization supports my business?
If a designated organization supports your business, you will receive a letter of support, and the organization will submit a commitment certificate to immigration authorities.
Can I choose any designated organization for support?
Yes, applicants can choose any designated organization that is willing to support their start-up, provided they meet the organization’s criteria.
Is there an annual quota for the Start-Up Visa Program?
No, there is no specific annual quota for the program. The selection process is based on the quality of applications rather than a predetermined number.
What types of businesses are eligible for the Start-Up Visa Program?
The program is open to businesses in various industries, including technology, innovation, and others. The key is that the business must be innovative, scalable, and have the potential for significant growth.
Can I apply for the Start-Up Visa from within Canada?
No, the Start-Up Visa is designed for applicants outside Canada. You must apply from outside the country, and successful applicants will receive permanent residence upon arrival.
