11/27/2021
SUV Key Requirements
• Start an innovative Canadian Start up
• Obtain a Letter of Support from Government Designated body - Angel Investor Group/Venture Capital Fund/Incubator
• IELTS score of 5 in each category
• Have sufficient funds to sustain in Canada
Family coverage: Spouse and children up to 22 years of age.
Average Processing time: 12-18 months
Benefits
• Shortest route to Canadian Permanent Residency: Start up Visa is the only option to secure the Canadian Permanent Residency directly
• Easy access to North American Market: The Canadian PR holders have an easy access to the large north American market
• Federal Program: Unlike other programs which require the applicant to stay in the province for two years, with Canadian Start up Visa you canstay anywhere in Canada
• Predictable- Not conditional on business contingencies: The program is not conditional on the success or failure of business. Hence, it is more predictable than any provincial programs
• Strong Passport: Canadian Passport is ranked 6th in the world with visa free/visa on arrival to more than 183 countries
• High standard of education: Canada is ranked very high in the terms of standard of education
• Substantial savings on University, tuition fees: University/college tuition fees are substantially reduced for students who are permanent residents as compared to international students
• Access to capital at lesser cost: The rate of interest in Canada is far less than what Indian Banks charge for Business Loans. Thereby, letting the founder to fund his/her global operations at lesser cost.
• Better brand value and global acceptability: North American companies have much better acceptability and a premium brand value at the global level
• R&D tax credits: The Canadian government promotes innovation by providing R&D tax credits to eligible activities, both at the federal and provincial levels4.
• Strong Economy: Canadian economy is ranked in the top 10 economies of the world with high level of GDP
• Happiness Index: Canada is ranked on 9th position globally on the Happiness index
• Business Opportunities: With high average income, and larger business prospects, Canada provide numerous business option to Start ups.
• Visa Free access to US- Canadian Passport holders enjoy visa free telligtravel access to USA and also easy work permit benefits.
