Canada Startup Visa Program 🇨🇦
What is Canada Startup Visa Program?
The Canada Startup Visa Program is a unique opportunity for entrepreneurs worldwide to set up their startups in Canada. This immigration initiative welcomes individuals with a solid business plan and support from a designated organization to apply for permanent residency. Successful applicants receive access to resources like mentorship and funding, fostering the growth of their startups in Canada.
Success Process
Your 8 Steps Process to Success
Craft Your Vision
Develop a compelling and innovative business idea with the potential to make a significant impact on Canada’s economy.
Pre Approval
Secure a pre approval from a recognized Canadian venture capital fund, angel investor group, or business incubator.
Language Skills
Showcase your proficiency in English or French through standard language tests.
Claim Your Stake
Ensure you hold at least 10% of the voting rights in your proposed business.
Secure Support
Secure a letter of support from a recognized Canadian venture capital fund, angel investor group, or business incubator.
Submit Application
Submit your application for the Canada Startup Visa Program, including all required documents and information.
Due Diligence
The application is thoroughly reviewed and multiple Due Diligence checks are completed for Individual & Business
Get Approval
Upon approval, receive your Canadian Permanent Residency, paving the way to settle & grow your business.
Why Should You Choose Canada?
Benefits of Canada Startup Visa
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Economic Prosperity
The program’s knack for attracting and retaining innovative startups opens doors to economic opportunities and expansion.
Cultural Enrichment
Embracing entrepreneurs from various backgrounds cultivates a rich tapestry of cultural experiences, contributing to a vibrant community.
Global Standing
Successful applicants find their entrepreneurial endeavors elevated on the global stage, providing a prime platform to flourish.
Global Networking
Entrepreneurs gain entry into a diverse global network, fostering innovation and the potential for fruitful collaborations.
Permanent Residency
Successful applicants and their families secure permanent residency in Canada. Further, they can apply for Citizenship.
Business Support
Designated organizations extend essential support, encompassing mentorship and funding, accelerating the startup growth.
Canada Startup Visa Eligibility
Frequently Asked Questions
The Canada Startup Visa program is designed to attract innovative entrepreneurs to Canada. It allows entrepreneurs to immigrate to Canada and establish their startup while receiving Letter of Support from Designated Organization.
Eligible applicants must have a qualifying business idea, obtain a letter of support from a designated Canadian venture capital fund, angel investor group, or business incubator, and meet other eligibility requirements set by Immigration, Refugees, and Citizenship Canada (IRCC).
The program offers entrepreneurs and their families the opportunity to live and work in Canada permanently. It provides access to Canada’s thriving startup ecosystem, government support for innovation, and quality of life for families.
There is no fixed investment amount required for the Canada Startup Visa program. Instead, applicants must secure a minimum investment or support from designated organizations, which may vary depending on the type of organization and the nature of the business.
Yes, successful applicants can include their spouse or common-law partner, as well as dependent children, in their application for permanent residency.
Applicants must demonstrate proficiency in English or French by taking a designated language test recognized by IRCC.
The processing time for the Canada Startup Visa program varies depending on various factors, including the completeness of the application, the responsiveness of the applicant, and the volume of applications received by IRCC. On an average, the PR approval takes nearly 16-30 Months.
Yes, you can apply for Permanent Residency as soon as you receive a Letter of Support from designated organization. You can even apply for a Work Permit in order to move early to Canada and work towards your Startup.