Overview
Are you an innovative entrepreneur with a bold business idea?
Canada’s Start-Up Visa Program is your gateway to launching and scaling your business in a thriving, diverse, and globally connected market.
This unique program is designed to attract talented entrepreneurs from around the world who can contribute to Canada’s innovation ecosystem while creating jobs for Canadians.
Why Choose Canada?
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Thriving Economy
Canada ranks among the top global economies, offering a stable environment for business growth.
Support for Entrepreneurs
Access funding, mentorship, and resources through designated organizations.
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Global Opportunities
Tap into Canada’s international trade agreements and diverse markets.
High Quality of Life
Experience a safe, inclusive society with world-class education and healthcare.
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Path to Permanent Residency
Successful applicants receive permanent resident status, opening doors to long-term opportunities.
Processing times for the Start-Up Visa Program can vary depending on the complexity of your application and the volume of applications received. According to IRCC, it may take 39 months to process a Start-Up Visa application. It is crucial to prepare a complete and accurate application to avoid unnecessary delays.
Processing time
Eligibility for Start-up VISA
Application
The Start-Up Visa Program is perfect for entrepreneurs who:
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Have a viable business idea or a qualifying business. At the time of receiving permanent residence:
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​You must hold at least 10% of the voting rights attached to all shares of the company.
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Together with the designated organization, you must jointly hold more than 50% of the voting rights.
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The business must be actively managed in Canada.
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Secure a letter of support from a designated organization (venture capital fund, angel investor group, or business incubator).
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Meet language proficiency requirements in English or French.
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Have sufficient settlement funds to support themselves and their families in Canada.
After confirming that you meet the basic eligibility requirements for the Start-Up Visa Program—such as language proficiency and sufficient settlement funds—you can proceed with the steps below to boost your chances of success.
How to Apply
for a Start-Up Visa
Applying for a Canada Start-Up Visa involves three main phases: validating your business idea, submitting your immigration application, and building your start-up in Canada while awaiting permanent residence. Here’s a streamlined guide to the process:​​​​​​​​​​​​​​
Step 1: Develop your business idea
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Create a strong, scalable business concept with a clear vision, competitive strategy, and detailed operational plan.
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Ensure your idea is compelling enough to attract support from designated organizations.
Step 2: Choose a Designated Organization
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Select one of the 84 designated organizations (angel investors, venture capital funds, or business incubators) authorized to support Start-Up Visa applicants.
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Research their requirements, past projects, and mentoring capabilities.
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Be mindful of administrative fees, which can range from $10,000 to $50,000, or explore no-fee options.
Step 3: Secure a Letter of Support
Pitch your business idea to your chosen organization. If successful, they will issue a Letter of Support, a key requirement for your application.
Step 4: Prepare Your Documents
Collect all necessary documents.​
Step 5: Submit Your Application
Complete and submit your Start-Up Visa application with all required documents and fees. Review your application thoroughly to avoid delays.
Step 6: Start Your Business in Canada
While your permanent residence application is being processed, focus on launching your business in Canada. If you need to move sooner, apply for a temporary work permit.
Step 7: Update IRCC on Your Progress
Provide updates on your start-up’s progress every 6 months to demonstrate commitment and alleviate any concerns from immigration officers. This step is crucial, especially given the decline in approval rates in recent years.
Step 8: Receive the Decision
IRCC will notify you of their decision.
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If approved, you’ll be granted permanent residence.
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If denied, you’ll receive details on how to address deficiencies or appeal.
By following these steps, you can enhance your chances of success in the Start-Up Visa Program and begin your entrepreneurial journey in Canada.
Common Challenges in Start-up VISA Application
Applying for the Start-Up Visa Program can present certain challenges, including:
Securing Support
Obtaining a letter of support from a designated organization requires a strong and convincing business proposal.
Legal Requirements
Navigating Canadian immigration and business laws can be complex without proper guidance.
Financial Preparedness
Ensuring you have sufficient settlement funds and access to capital to support your business and personal needs.
Language Requirements
Applicants must demonstrate proficiency in English or French, which can require preparation and testing.
FAQ
1 / What is a “designated organization” under this program?
A designated organization is an approved venture capital fund, angel investor group, or business incubator that is authorized by the Canadian government to support businesses under the Start-Up Visa Program.
2 / Do I need to invest my own money in the business?
While the program doesn’t mandate a specific investment from the applicant, you must demonstrate financial preparedness to support your business and personal expenses. Additionally, securing funding from a designated organization is a key requirement.
3 / What happens if my business fails after I receive permanent residency?
Canada’s immigration system recognizes that business ventures carry risks. If your business fails, it does not affect your permanent resident status, provided you met all requirements at the time of your application.
4 / Can I bring my family with me under this program?
Yes, your spouse or common-law partner and dependent children can be included in your application and will also receive permanent resident status if your application is approved.