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CANADA STARUP VISA (CSUV)

  • Canada’s Start-Up Visa Program, launched by Canadian Immigration and Citizenship on April 1, 2013, offers Canadian permanent residence to qualified immigrant entrepreneurs. It is officially known as the Canada Start-up Class.  But it is largely referred to as the Start-Up Visa program (SUV).
  • The program targets innovative entrepreneurs and links them with private sector investors in Canada who will help establish their start-up business.
  • Candidates can initially come to Canada on a work permit supported by their designated Canada-based investor, before qualifying for permanent residence once their business is up and running.
  • There are three types of private-sector investor:
    1. Angel investor.
    2. Venture capital fund.
    3. Business incubator.

ADVANTAGES

  • Short processing time (around 12 - 18 months)
  • No proof of financial responsibility.
  • Live in any city in Canada, except Quebec.
  • All family members will be granted permanent residence.
  • Have certain rights and responsibilities as Canadian citizens.
  • Dual Citizenship.
  • Possibility to apply for Canadian citizenship after 3 years of permanent residence.

REQUIREMENTS

  • Have a qualifying business: each applicant holds 10% or more of the voting rights attached to all shares of the corporation; and, applicants together with the designated organization jointly hold more than 50% of the total voting rights attached to all shares of the corporation outstanding at the time the applicant get a commitment from a designated organization.
  • Get a letter of support from a designated organization.
  • Meet the language requirements: minimum level of the Canadian Language Benchmark (CLB) 5 in either English or French in all of these four areas: speaking/ reading/ listening/writing.
  • Give proof of financial ability for living in Canada.
  • Be in good health and have no criminal record.

PROCESS

  • Stage I - Make business startup planning
  • Stage II - Present business plan to designated investor organizations for Letter of Support.
  • Stage III - Submit documents as requirement.
  • Stage IV - Apply for a temporary Work Permit to get to Canada and start building business.
  • Stage V - Receive permanent residence if approval.

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