Canada Start-Up Visa (SUV)
Hello business people! Do you have a creative business idea? If a Canadian venture capital fund, an angel investor group, or a business incubator supports your idea, you might be allowed to immigrate to Canada through the Start-up Visa Program.
Canada Residency by Investment
Canada Start-Up Visa Program - The Ultimate Guide
The start-up visa program may make it possible for you to immigrate to Canada if you are an inventive business owner.
Canada is looking for bright business people eager to launch ventures that will boost its economy and offer job opportunities to its citizens.
Royal migration is here to assist you with everything you need to know about the start-up visa program for Canada, including a step-by-step tutorial on how to apply.
Canada is looking for bright business people eager to launch ventures that will boost its economy and offer job opportunities to its citizens.
Royal migration is here to assist you with everything you need to know about the start-up visa program for Canada, including a step-by-step tutorial on how to apply.
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These figures were last updated on MONDAY, 7th NOVEMBER 2022, at 3:45 PM GMT +4
Start-up Visa Overview
Entrepreneurs from abroad can immigrate to Canada permanently under the country's business immigration program, the Start-Up Visa (SUV). Entrepreneurs and their founding teams (up to 5 partners) may use this program to move permanently to Canada if they have an innovative business idea and meet other qualifications.
The first of its type in the world, the Entrepreneur Start-Up Visa Program is a brand-new Canadian immigration pilot program. The Start-Up Visa Program connects qualified candidates with Canadian private-sector businesses that can offer finance, advice, and experience in starting and running a business there. Successful candidates will be offered permanent status in Canada under this new immigration program.
If you are an entrepreneur or an investor, we can help you immigrate to Canada! Complete our free assessment for business immigration, and our business immigration attorney will review your eligibility and contact you to discuss your options.
On this page
Eligibility Requirements for the Canadian Start-Up Visa
- Have a qualifying business:
- You must hold at least 10% of the voting rights attached to all shares of the company
- Together with the designated organization, you must hold at least 50% of the voting rights attached to all shares of the company
- Have a letter of support from a designated organization:
- You need to demonstrate that you have the support of a venture capital fund, angel investor group, or business incubator
- To do this, you must pitch your business idea and convince the organization that it is worth supporting
- The process of pitching your business idea will be different for each organization
- If your pitch is successful, you will receive a letter of support from the organization which must be included in your start-up visa application
- Meet the language requirements:
- You must take a language test from an approved agency and show that you meet the minimum level of the Canadian Language Benchmark (CLB) 5 in either English or French in speaking, reading, listening, and writing.
- Proof of funds:
- You need to show that you have enough money to support yourself and any dependents once you arrive in Canada. The amount you need depends on the size of your family.
How to apply for a start-up visa
- Fill out the Generic Application Form for Canada
- Complete all the required fields and Click the “Validate” button on the form
- Print the validated application form, after including the barcode page
- Sign and date the form
- Assemble all documents listed in the order specified in the document checklist
- Put all necessary documents in an envelope and seal it.
- Print out the document checklist and sign it
- Add the document checklist as the cover page of your application
- Application fees include processing fees for you and anyone included in your application
- Right of permanent residence fee
- Third-party charges, such as those for language tests, police certificates, and medical examinations
- Biometrics fees:
- Individual applicants: CAD 85
- Families applying together: Maximum total fee of CAD 170
- Groups of 3 or more performing artists and their staff: Maximum total fee of CAD 255
- Make sure your application is finished before submitting it.
- Ensure that you have signed all documents.
- Pay your processing fees and submit your application with receipts.
- Include all supporting documents
Put all documents in a 9” x 12” envelope, write ‘start-up visa’ on the outside of the envelope, and mail it to the appropriate address
List of designated organizations
You must demonstrate (with a commitment certificate and a letter of support) that a specified organization backs your company to meet the qualifying requirements. These records, which will detail your agreement with one or more specified organizations, are crucial to your startup visa application. There would be no requirement for candidates to invest their own money, unlike federal and provincial investor programs where they must.
Those who are eligible must instead raise a minimum of $200,000 from a Canadian venture capital fund or $75,000 from a Canadian angel investor, as determined by the government of Canada. No investment money is needed if the applicant is accepted into a reputable Canadian incubator.
Those who are eligible must instead raise a minimum of $200,000 from a Canadian venture capital fund or $75,000 from a Canadian angel investor, as determined by the government of Canada. No investment money is needed if the applicant is accepted into a reputable Canadian incubator.
- 7 Gate Ventures
- BCF Ventures
- BDC Venture Capital
- Celtic House Venture Partners
- Extreme Venture Partners LLP
- Golden Venture Partners Fund, LP
- Impression Ventures
- Innovation Platform Capital International LP
- iNovia Capital Inc.
- Lumira Ventures
- Nova Scotia Innovation Corporation (o/a Innovacorp)
- Pangaea Ventures Ltd.
- PRIVEQ Capital Funds
- Real Ventures
- Relay Ventures
- ScaleUp Venture Partners, Inc.
- Top Renergy Inc.
- Vanedge Capital Limited Partnership
- Version One Ventures
- Westcap Management Ltd.
- Yaletown Venture Partners Inc.
- York Entrepreneurship Development Institute (YEDI) VC Fund
- Alacrity Foundation
- Alberta Agriculture and Forestry
- Biomedical Commercialization Canada Inc. (operating as Manitoba Technology Accelerator)
- Creative Destruction Lab
- Empowered Startups Ltd.
- Extreme Innovations
- Genesis Centre
- Highline BETA Inc.
- Innovacorp
- Interactive Niagara Media Cluster o/a Innovate Niagara
- Invest Ottawa
- Knowledge Park o/a Planet Hatch
- LatAm Startups
- Launch Academy – Vancouver
- LaunchPad PEI Inc.
- Millworks Centre for Entrepreneurship
- NEXT Canada
- North Forge Technology Exchange
- Platform Calgary
- Real Investment Fund III L.P. o/a FounderFuel
- Ryerson Futures Inc.
- Spark Commercialization and Innovation Centre
- Spring Activator
- The DMZ at Ryerson University
- Toronto Business Development Centre (TBDC)
- TSRV Canada Inc. (operating as Techstars Canada)
- VIATEC
- Waterloo Accelerator Centre
- York Entrepreneurship Development Institute
Questions? You’re covered
You must fulfil all 4 eligibility conditions for the Start-up Visa Program in addition to the requirements for entry into Canada in order to be eligible. Contact us for a detailed assessment.
You must first convince a designated organization to fund your start-up company by presenting your business idea to it. A designated organization will send a commitment certificate to the corresponding Canadian office and provide you with a letter of support if it decides to assist your project.
The procedure for submitting your concept to each designated organization differs. You must get in touch with the specified organization to learn the requirements for requesting its assistance. If you satisfy all requirements for qualifying, you can submit a finished application that includes your letter of support.
To find out how to obtain its support, you must get in touch with the designated organization. You must persuade the group that your business concept is one they should support. Each organization has a different method for presenting ideas. Every organization has unique needs. For instance, you might be required to give a live presentation of your business idea or submit a thorough business plan.
A letter of support will be provided if you and the specified group can agree. When submitting your application, you must attach this letter. This is the evidence you need to present to demonstrate the support your business idea has from the venture capital fund, angel investor group, or business incubator. A commitment certificate will also be delivered directly to the Canadian office by the organization. They evaluate your application using both the organization's commitment certificate and the letter of support you provided.
You require a substantial investment from a venture capital fund or angel investor group to receive their assistance.
You must be accepted into a specific Canadian business incubator program to receive help from an incubator. There is a limited number of spaces available in these programs, consequently, admission is competitive.
To learn how to obtain their support, get in touch with a designated organization.
First, your company idea will be evaluated for viability by the selected organization(s) from which you are seeking support.
If you have got the support required to apply, Immigration, Refugees and Citizenship Canada will then assess your immigration application to determine whether you are qualified to become a permanent resident.
Finally, an independent peer review procedure may be applied to your submission. This is done to prevent fraud and to make sure that both your activities and those of the approved organization adhere to the norms set by the industry for this kind of service.
Eligibility checkup
Canadian PR through SUV program is SURE if ONLY you're eligible. Check if you are eligible with us
To be eligible for the Start-up Visa Program, you must meet the minimum CLB level of 5. Please fill out the form to discuss your eligibility status with us today.
Start-up Visa Program Application Process with RMS
1 1
STEP 1
Pitch your Business Idea to a Designated Organization
First, you must pitch your business idea to a designated organization and convince it to support your start-up company. Need help figuring out where to start? We’ve got you covered. Contact us to discover our plan for you.
2 2
STEP 2
Letter Of Support from Designated Organization
Once a designated organization decides to support your business, it will send a commitment certificate to the Canadian Citizenship office and give you a letter of support.
3 3
STEP 3
Pass the IELTS Exams with our Free Training and apply
We provide you with all the necessary support, so you can easily meet the minimum (CLB) level of 5 and guide you through the whole process.