05/18/2025
🚀 Key Benefits of the Start-Up Visa Program
Direct Path to Permanent Residency: Once you secure a Letter of Support from a designated organization, you can apply directly for permanent residency in Canada.
Open Work Permit: Applicants can obtain an open work permit, allowing them to work for any employer in Canada while establishing their start-up.
Family Inclusion: Your spouse or common-law partner and dependent children under 22 can be included in your application, granting them the same permanent residency benefits.
Access to Canadian Benefits: As permanent residents, you and your family will have access to Canada's healthcare system, education, and other social benefits.
âś… Eligibility Requirements
To qualify for the Start-Up Visa Program, you must:
Have a Qualifying Business: Your business must be incorporated in Canada, with each applicant holding at least 10% of the voting rights, and together with the designated organization, they must hold more than 50% of the voting rights.
Obtain a Letter of Support: Secure a commitment from a designated organization (venture capital fund, angel investor group, or business incubator) that agrees to support your business idea.
Meet Language Requirements: Demonstrate proficiency in English or French by achieving at least Canadian Language Benchmark (CLB) level 5 in listening, reading, writing, and speaking.
Have Sufficient Settlement Funds: Show that you have enough money to support yourself and your dependents after you arrive in Canada.
🛠️ Application Process
Develop a Business Idea: Create an innovative, scalable business plan that can compete globally.
Pitch to Designated Organizations: Present your business idea to designated organizations and secure a Letter of Support.
Apply for Permanent Residency: Submit your application to Immigration, Refugees and Citizenship Canada (IRCC) along with the Letter of Support.
Apply for a Work Permit: If desired, apply for an open work permit to start building your business in Canada while your permanent residency application is processed.