Start-up Visa is designed specifically for Entrepreneurs in the tech field who intend to open and operate a business in Canada. This is a federally support program, not specific to any province or provincial stream.
This immigration stream has specific requirements, some key requirements are:
Have a qualifying business
A qualifying business means you created a business that meets the following conditions.
- At the time you get a commitment from a designated organization:
- each applicant holds 10% or more of the voting rights attached to all shares of the corporation outstanding at that time (up to 5 people can apply as owners)
- applicants and the designated organization jointly hold more than 50% of the total voting rights attached to all shares of the corporation outstanding at that time
- At the time you receive your permanent residence:
- you provide active and ongoing management of this business from within Canada
- an essential part of the operations of the business happens in Canada
this business is incorporated in Canada
Get a letter of support from a designated organization
You must get a letter of support from a designated organization (a business group that has been approved to invest in or support possible start-ups).
You’ll need to:
- contact the designated organization to find out how to get its support
- convince the organization that you have a business idea that is worth supporting
- get a letter of support from the designated organization
If you don’t include the letter of support or meet any of the other requirements, your application will be refused.
Meet the language requirements
The ability to communicate and work in English, French or both languages will help your business succeed in Canada.
You must take a language test from an approved agency and include the results with your application, or we won’t process it.
You must meet the minimum level of the Canadian Language Benchmark (CLB) 5 in either English or French in all of these four areas:
Bring enough money to settle
The Government of Canada does not give financial support to new start-up visa immigrants.
When you apply, you’ll need to give proof that you have the money to support yourself and your dependants after you arrive in Canada. You can’t borrow this money from another person.
The amount you need depends on the size of your family. These amounts are updated every year.