Canada’s new Start-Up Visa is the first of its kind in the world, linking immigrant entrepreneurs with experienced private sector organizations. Unlike programs in other countries, Canada does not provide “temporary” or “conditional” status. Successful applicants of this program will be able to immediately apply for permanent residence if they secure a commitment from a designated Canadian private sector organization.

Requirements

The applicant must demonstrate that they are innovative immigrant entrepreneurs who will spur economic growth by obtaining a commitment certificate from a designated organization in order to qualify for the Canada start-up visa

The applicant must hold at least 10% of the voting shares in the business, and together with the designated organization more than 50% of the voting shares

The applicant must operate and manage the business venture once set up from within Canada

The applicant must meet a minimum of level 5 in the Canadian Language Benchmark Test in English or French, in speaking, reading, listening, and writing

The applicant must show that he has enough funds to support herself and any dependents after they arrive in Canada

The applicant and their family members must be in good health and have no criminal record

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Process

Provide proof of language proficiency, and other personal documentation

Obtain commitment certificate from angel investor group, or venture capital fund

Submission of application form, supporting documents and fees

Typical processing time is within 12-16 months

Successful applicants will immediately receive permanent residence status in Canada and have the option to apply for a work permit in the interim