Canada’s ground-breaking Start-Up Visa stands as the world’s first of its kind, forging connections between entrepreneurs and seasoned private sector organizations adept at collaborating with start-ups. This pioneering program is designed to draw in innovative foreign entrepreneurs eager to establish new, high-growth businesses in Canada, fostering innovation and job creation. Canada extends a warm welcome to start-up entrepreneurs from across the globe, affirming its commitment to being open for business.
Eligibility requirements of the program
To be eligible for the Start-up Visa Program, the applicant must:
Province of Quebec, as the program is applicable to the rest of the provinces.
When Obtaining Commitment from a Designated Organization:
When Receiving Permanent Residence
Letter of Support
The applicant must obtain a letter of support from a designated organization. Designated organizations, comprising business groups such as venture capital funds, angel investor groups, and business incubator organizations, are authorized to invest in or provide support to potential start-ups through the Start-Up Visa Program. Successful applicants must ensure they secure a minimum investment for their Canadian start-up.
Applicants are not required to invest any of their own money. If their Canadian start-up is unsuccessful, individuals granted permanent residence through this program will retain their permanent resident status.
The applicant must meet the minimum level of the Canadian Language Benchmark (CLB) 5 in either English or French in all four areas (speaking, reading, listening & writing).
The Government of Canada does not give financial support to new start-up visa immigrants. An applicant is required to give proof that he/she has the sufficient money to support themselves and dependents after their arrival in Canada.