Canada Start Up Visa

Canada Residence by Investment offers investors and business people the option to obtain permanent Canadian residency by investing in the economy of the country. The Start-Up Visa Canada and the provincial investor programs enable investors with the necessary qualifications to move to Canada, where they will help grow businesses and create jobs.

The processing time for the Canada Startup Visa Program Permanent Resident Application can vary. Each application has a different process and timeframe. It typically takes several months, and factors such as the completeness of the application, the volume of applications, and other variables can influence the processing time. It’s advisable to check the most recent information on processing times from official immigration sources or consult with immigration professionals and consultants for the latest updates.

Each program has its own criteria for the required investment amount. For the Start-up Visa (Federal) Program, the applicant must secure funding or support from a recognized Canadian venture capital fund, business incubator, or angel investor group. Provincial Nominee Programs typically require an investment of between $200,000 and $600,000, together with proof of business management experience.

Canadian residency via investment offers the following advantages:

• Privileges to live, work, and study in Canada in any part.
• Availability of advanced healthcare and educational facilities.
• Opportunities for business in a stable and well-established economy.
• Eligibility to apply for Canadian citizenship after meeting residency requirements.
• The ability to include family members in the application.

Applicants are typically required to submit:

• Valid passport and identity documents.
• Proof of business ownership or management experience.
• Financial statements and source of funds verification.
• Business plan or letter of support from a designated organization.
• Police clearance and medical examination reports.
• Completed immigration application forms.

The process usually includes:

• Determining the best program to use (Provincial Nominee Program or Start-Up Visa).  
• Obtaining a support letter from an approved organization or drafting a compelling business plan.  
• Submitting the PR application with the required documentation.  
• Completing the medical and security checks.  
• Investing the funds or establishing the business in Canada after getting the approval. 
• Being granted Canadian PR, and applying for citizenship after some years.

There are no specific age limit restrictions for any Canadian start-up visa program or immigration in Canada. However, an applicant should be able to adequately invest in the qualified start-up and contribute towards the management of the start-up in Canada. Oftentimes, this requires evidence of a certain level of work experience or skill development. The likelihood of selection and fulfillment of eligibility criteria is increased if the primary applicant is experienced as a professional or entrepreneur.

A person must physically be inside Canada for at least 3 years during the 5 years of permanent residency to be eligible for Canadian citizenship or passport. That means one can immediately apply for Canadian citizenship upon completion of the 3 years requirement in Canada at any time during the 5 years, even if this is concluded before holding the permanent residency for a full 5 years. This requirement is unique to Canada out of most residency by investment programs which require a minimum holding time for the permanent residency.

You can apply for the Start-up Visa Program as the main applicant, his/her spouse, and any unmarried children under the age of 22. All the family members included in the application will be entitled to the benefits of permanent residency in Canada, like social security, universal free healthcare, education, and employment.

The Canadian Startup Visa Program is aimed at immigrant entrepreneurs who can build businesses in Canada and requires applicants to have a comprehensive business plan outlining their startup venture. The business plan should include details such as the business concept, market analysis, financial projections, and the team’s qualifications. It plays a crucial role in demonstrating the viability and potential success of the proposed startup, contributing to the overall assessment of the application.