How to apply for Start up visa in Canada
- Put the completed forms, supporting documents, and fee payment in a 23 cm x 30.5 cm (9″ x 12″) envelope.
- Send your completed application to ONE of the addresses shown below.
- Please write ”Start-up business visa” on the outside of the envelope.
Full Answer
What is the Canadian Startup Visa?
What are the Main Advantages of Canada’s Startup Visa?
- Permanent residence is granted for successful entrepreneurs and their family
- PR also functions as a work permit
- The applicants can then apply for citizenship
- Canadian citizens are allowed dual citizenship
- You do not have to provide a source of funds to apply
- There is no age limit for the main applicant
- It has a fast processing time
How long is Canada startup visa processing time?
The current processing time for the start-up visa is between 15 and 18 months. The organization (s) that you seek support from will evaluate the viability of your business proposal.
What are the requirements for a Canadian visa?
You must:
- have a valid travel document, like a passport
- be in good health
- have no criminal or immigration-related convictions
- convince an immigration officer that you have ties—such as a job, home, financial assets or family—that will take you back to your home country
- convince an immigration officer that you will leave Canada at the end of your visit
How to prepare for Your Canada Visa application?
Proof that you’re eligible to travel to Canada
- a negative COVID-19 test result (taken within 72 hours of your departure)
- the evidence you provided in your visa application
- written authorization from IRCC (if you’re required to get it)
- written authorization from the Public Health Agency of Canada (if you’re travelling for compassionate reasons)
What is included in the application package for a start up visa?
The application package for a start-up visa includes an instruction guide and a document checklist (PDF, 372KB).
How to apply for permanent residence in Canada?
If you want to apply for permanent residence in Canada, make sure you’re eligible to apply. Use our application guides to help fill out your application properly, then submit your application. Avoid processing delays by sending us a complete application. 2.
How to convince an immigration officer that you will leave Canada?
convince an immigration officer that you have ties—such as a job, home, financial assets or family—that will take you back to your home country. convince an immigration officer that you will leave Canada at the end of your visit.
How long can you be barred from Canada?
you could be barred for five years from applying to come to Canada for any reason
How can Get Golden Visa help?
At Get Golden Visa, we are here to help you learn more about and apply for the Entrepreneurship Startup Visa in Canada.
What is an SUV in Canada?
It allows immigrant entrepreneurs to submit a business project along with other personal information. Once approved by the immigration programs, the applicants can come to Canada.
Do entrepreneurs need to be supported in Canada?
You need to prove to the Canadian government that you have enough funds to support yourself and your family once you settle in Canada. The government does not provide any financial support for entrepreneurial immigrants.
How to get a start up visa?
To be eligible for the Start-up Visa Program, you must: have a qualifying business. get a letter of support from a designated organization. meet the language requirements. bring enough money to settle.
What does it mean to qualify for a business?
A qualifying business means you created a business that meets the following conditions.
How to get a letter of support?
Get a letter of support from a designated organization. You must get a letter of support from a designated organization (a business group that has been approved to invest in or support possible start-ups). convince the organization that you have a business idea that is worth supporting.
Does Canada give financial assistance to new immigrants?
The Government of Canada does not give financial support to new start-up visa immigrants.
How to Apply For Canada’s Start-Up Visa?
There are few important requirements entrepreneurial applicants must meet in order to apply for a start-up visa:
What is a start up visa?
The Start-Up Visa lets foreign entrepreneurs build a business in Canada and get permanent residency. It’s a far easier and assured way to get PR if you got the business skills and meet some other Start-Up Visa requirements.
What is RCIC visa?
Regulated Canadian Immigration Consultants (RCIC) can offer you expert guidance and help you apply for Start-Up Visa. The consultant will help you complete your application and submit an error-free and accurate form. You can also count on their knowledge of rules and laws to stay compliant with all guidelines applicable for a Start-Up Visa.
How to get a letter of support for a start up visa?
You need to submit this Letter of Support with your application to be eligible for the Start-Up Visa program .
What is business incubator?
A business incubator is essentially an organization that helps a startup get on its feet as quickly and efficiently as possible. They provide a range of services such as management training, mentorship and seed funding.
How many business incubators are there in Canada?
Interested applicants can only submit a proposal to one of Canada’s 30 designated business incubators.
What happens after you apply for a business license in Canada?
After your application is accepted, you have to ensure that your business is incorporated in Canada, and The majority of the operations should also take place in Canada.
What are the benefits of the Canada Startup Visa?
Achieve direct permanent residency for business partners and family members.
How long does it take to get a business letter of commitment?
It may take 4 to 6 months to get the letter of commitment from the designated authority after convincing them of your business idea. Post that, the process to secure permanent residence of Canada through startup visa takes 12 to 18 months of time.
Is there a fee for business incubation?
There is no business incubation fee for meeting the investors. However, the travel expenses to meet the investor or any miscellaneous expenditure will have to be borne by the applicant. There is clearly defined fee for the visa application, which is already explained.
CONCEPT STAGE (MVP)
DESCRIPTION: The Business Incubator Residency Program is ideally suited to existing or prospective founders who have a relevant resume, and are intent on launching and operating in Canada. They have to meet the basic admissibility requirements (see below).
PRODUCT STAGE (MVP)
DESCRIPTION: The Angel Investment Residency Program is ideally suited to existing startup founders who are intent on launching and operating in Canada, and require access to additional capital to launch or further develop their product or service offering in the country. They too have to meet the basic admissibility requirements (see below).
MATURE ENTERPRISE (SCALING)
DESCRIPTION: The Venture Capital Investment Residency Program is ideally suited to existing startup founders who are intent on launching and operating in Canada, and require access to additional capital to launch or further develop their product or service offering in the country.
6. Support from a Canadian Designated Organization (Business Incubator, Angel Investor Group or Venture Capital Fund)
Total process duration: 12 – 16 months to Canadian Permanent Residency.
Let an expert, ICCRC licensed Canadian immigration consultant guide you through the immigration process
The above information is intended as general information on the topic only, and does not constitute legal advice. Nor does usage of, or reliance on, any of the information supplied on this site, or via our social media platforms, create a client-attorney relationship.
How much do you need to invest in an angel business?
if you are a designated angel investor group, you must make a minimum investment of $75,000 into their business. if you are a designated business incubator, you must accept the immigrant entrepreneur into one of your incubation/acceleration programs.
Can you team up with other organizations?
You can team up with other designated organizations to meet the minimum investment or support required.
Can an immigrant entrepreneur get a visa?
For an immigrant entrepreneur to be eligible for start-up visa, they must get your investment or support.
Can an organization develop its own process for receiving proposals from immigrants?
As a designated organization, you can develop your own process for receiving proposals from immigrant entrepreneurs. You can also develop your own criteria to assess them. It’s up to you to find potential immigrant entrepreneurs you’d like to support.
Startup Visa
Canada's startup visa program is a government-supported program that supports and encourages immigrant entrepreneurs to start their businesses in Canada and create new job opportunities in the country.
Startup Visa Benefits
FasterCapital will help you in finding the best ways to immigrate to Canada by starting your own business in Canada: We will connect you with companies and individuals in Canada who will help in making your journey easier and in increasing the chances of getting accepted and qualified in Canada Startups Visa program, getting a support letter for and getting a permanent residence in Canada. We provide you with the right tools and foundation that will help you start your business and find new opportunities in the Canadian market in order to be qualified and accepted in Canada startup visa program. We connect immigrant entrepreneurs with investors and incubators in Canada to help them in building strong business relations and facilitate the process of getting accepted and qualified for Canada Startup Visa program and getting the support letter needed.
How can you refer entrepreneurs to FasterCapital?
If you have read about this program and you know of a startup (or startups) that might be interested in this program or any of our other programs (four programs: Raise Capital, Grow your Startup, Tech Cofounder or Idea to Product) then we appreciate it if you can introduce them to us.
Startup Visa Process
We will work with you on increasing your chances of getting accepted in the Startup Visa Program in Canada. We work with you on improving your business and taking it to the next step and in applying to the designated organizations (incubators, accelerators, VCs, angel investors) more successfully.
3. Evaluating the situation and preparing for a call
We will evaluate the case and prepare a list of actions that we can do in order to increase your chances of getting the support letter and getting accepted in Canada Startup Visa program.
4. Proposing several scenarios and Executing
We can help you improve on your material to get the letter of approval from one of the incubators/accelerators, or we can help you secure money from one of the certified VCs or angel investors, or we can team you up with another cofounder whose chances of acceptance are high.
Questions about Startup Visa Program
How will FasterCapital help in introducing my business idea to the designated organizations for Canada's Startup Visa program?
How Canada Startup Visa Works: in Four Short Steps
- Step #1: Get Your Business Supported by a Designated Investor
We will go over this step in detail below in the Eligibility section. You are required to get a letter of support from one of the designated investor organizations. The letter needs to state that they are going to fund your idea. ↓ - Step #2: Meet the Language Requirements
You have to be able to communicate and work in English, French, or both. You need to provide Immigration, Refugees, and Citizenship Canada (IRCC) with proof of language proficiency. This means that you must take a language test from an IRCC approved agency and meet the minimu…
Eligibility For Canada Entrepreneur Visa
- Proof of Support by a Designated Investment Organization
If you are interested in immigrating to Canada through the Entrepreneur Startup Visa program, the first step is to find a Canadian angel investor group, business incubator, or venture capital fund to back you up. At least one of these entities must be willing to invest in your new startup. Mind yo… - Proof of Meeting the Minimum Language Requirement
You must be able to communicate and work in English, French, or both. This means that you must take a language test from an IRCC approved agency and meet: 1. Canadian Language Benchmark (CLB) 5 in speaking and listening and 4 in reading and writing in English 2. Niveaux de Compéten…
Application Costs
- Here is a breakdown of the fees: These fees are subject to change at the will of the Government of Canada.
Application Process
- If you meet all the above eligibility requirements, you can apply for Permanent Residency. The processing time takes between 12 to 18 months. Here are the phases:
How Can Get Golden Visa Help?
- At Get Golden Visa, we are here to help you learn more about and apply for the Entrepreneurship Startup Visa in Canada. We have experienced business immigration professionals, who provide prompt and cost-effective advice to any individual applying for the program. We will assist you with all aspects of the process. Fill out a form and get in touch with us and let us help you in find…
Additional and Useful Bits of Information
- Below, you can find some easy-to-consume information on the start-up visa program. 1. 1.1. 1.1.1. 1.1.1.1. 1.1.1.1.1. With your application, your family can also obtain Permanent Residency 1.1.1.1.1.1. This includes your spouse and children under the age of 22 1.1.1.1.2. You and your family can come to Canada and access the Canadian healthcare and education systems 1.1.1.1.…
Frequently Asked Questions
- What if the business fails?
You can still keep your Canadian permanent residence even if your business fails. - What is the Canada Startup Visa Program?
The SUV offers entrepreneurs and their families a chance to obtain permanent residency for starting a qualifying business in the country. It allows immigrant entrepreneurs to submit a business project along with other personal information. Once approved by the immigration progr…