Canada Start-Up Visa Program

Start-Up Visa Program: Your Gateway to Innovation and Permanent Residency in Canada

Canada’s Start-Up Visa Program is for entrepreneurs with innovative business ideas capable of offering employment opportunities to Canadians and competing at a global level. This program facilitates business ventures in Canada and provides a fast route to permanent residency for you and your family.

Why Choose the Start-Up Visa Program?

Canada is an attractive destination for entrepreneurs due to several reasons:

• Thriving Innovation Ecosystem: Canada is a leader in technology, artificial intelligence, and clean energy, making it ideal for business growth.

• Access to Global Markets: With strategic geographical proximity to the U.S. and trade agreements, Canada offers ease of access to global markets.

• Support to Entrepreneurs: Numerous incubators, venture capital options, and government programs help startups succeed.

• Permanent Residency: The program provides permanent residency once the business is established in Canada.

Eligibility Requirements for Start-Up Visa Program

To qualify for the Start-Up Visa Program, you must meet the following requirements:

1. Qualifying Business

• The business must be innovative, scalable, and globally competitive.

• You must hold at least 10% of the voting rights in the business upon receiving permanent residency.

• The applicant and the designated organization must jointly hold more than 50% of the voting rights.

• The business must be incorporated in Canada, with essential management functions occurring within Canada.

2. Letter of Support from a Designated Organization

You must secure a letter of support from one of the following designated organizations:

• Venture Capital Funds: Minimum investment of $200,000 CAD.

• Angel Investor Groups: Minimum investment of $75,000 CAD.

• Business Incubators: Acceptance into a designated incubator program is required.

3. Language Proficiency

• You must demonstrate proficiency in English or French.

• A minimum Canadian Language Benchmark (CLB) level of 5 is required in speaking, reading, listening, and writing.

4. Settlement Funds

• You must show proof of sufficient funds to support yourself and your family upon arrival.

Application Procedure for Start-Up Visa Program

1. Get Support from a Designated Organization

• Pitch Your Business Idea: Present your business plan to designated organizations.

• Meet the Organization’s Requirements: This may include business plans, interviews, or proof of past entrepreneurial experience.

2. Apply

• Once you receive the support letter, submit an application for permanent residency, including documents like:

  • Language Proficiency Proof

  • Proof of Funds

  • Business Ownership Documents

3. Application Processing

• Processing time is approximately 12 to 16 months.

• You can apply for a temporary work permit while your application is being processed.

4. Permanent Residency

• Approved applicants and their families receive permanent residency in Canada.

Benefits of the Start-Up Visa Program

• Permanent Residency: Directly grants permanent residency to you and your family.

• No Minimum Net Worth Requirement: Unlike other programs, no net worth threshold is needed.

• Temporary Work Permit Option: Allows you to start your business in Canada before permanent residency approval.

• Family Benefits: Spouses and children can obtain permanent residency and access Canada’s medical and educational systems.

How RIS Can Help Start-Up Visa Applicants

RIS provides comprehensive support, including:

• Business Plan Development: Crafting market-adapted business plans.

• Relationships with Designated Organizations: Helping you secure essential support.

• Application Services: Documentation and application submission, along with interview preparation.

• Temporary Work Permit Assistance: Assisting in temporary work permit applications.

Take the First Step Today

Canada’s Start-Up Visa Program offers a unique opportunity to establish a business and gain permanent residency. RIS is here to help you every step of the way. Contact us today to start your journey!