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Canada · Program
Unlock your entrepreneurial potential with the Business Start-Up Visa Canada program, a gateway for innovative thinkers to create job opportunities for Canadians, compete globally, and establish businesses in the country. The Immigration Canada Startup Visa is tailored for those with a vision to contribute to Canada's economic landscape.
Canada, renowned for its robust economy, competitive taxes, low business costs, top-tier infrastructure, and a pro-research environment, stands as an ideal destination for starting a business. The Business Start-Up Visa Canada program offers a streamlined pathway for immigration, fostering an environment conducive to innovation and growth. As we step into 2024, Start-Up Visa Canada continues to be a beacon for entrepreneurs seeking a high-quality life and a thriving business environment. Seize the opportunity to make your mark in Canada's dynamic entrepreneurial landscape with the Start-Up Visa Canada 2024, where business aspirations meet a welcoming and supportive ecosystem.
You can be the founder or co-founder of the organization. Your age nor your background matters under this program. The business idea is what matters the most. It should be raw, innovative and early seed stage. It should be for-profit organization. If your application is successful, then you will receive a letter of invitation from the APS recommended education facility to help you obtain your right VISA. It would be nice if you have obtained a post-graduation degree,
A business incubator is a company authorized by the Canadian Government to help start-up companies by providing services to the Start-ups in the management training or providing office space or such other needs.
Such organizations, help the Canadian government by reviewing and assessing the many business proposals that come to them. If your business proposal gets approved by one such organization, then you get a LETTER OF SUPPORT. There are 3 kinds of organizations who do this. They are either the Designated Business Incubators or Designated Angel investor groups or Designated Venture Capital Funds group.
It's important to note that participating in the Canada SUV Program involves various fees, including legal, administrative, government services, and residence requirements. For a family of four, the estimated cost is around CAD$50,000. This amount covers essential aspects of the application process and ensures compliance with the necessary legal and administrative procedures.
In addition to these fees, there is a broader cost associated with participating in the program, which amounts to around CAD$200,000. This is the Canada startup visa minimum investment requirement.
Navigating the intricate process of the Start-Up Visa Canada 2024 is made seamless with Global Navigator. As trusted start-up visa Canada consultants, we prioritize understanding your specific needs and providing tailored guidance for a successful application. Our team facilitates the establishment of crucial interactions and strengthens relationships with designated organizations, crucial for obtaining the coveted LETTER OF SUPPORT. Operating from Dubai, UAE, our expert start-up visa immigration consultants for Canada in Dubai leverage their ICCRC registration to ensure a smooth and efficient process. Rely on Global Navigator to guide you through every step, transforming your entrepreneurial aspirations into a reality in Canada.
IRCC first introduced SUV since 2013. SUV aims to attract global startup entrepreneurs to invest, own and manage their Canadian business actively by bringing economic, cultural and social values to Canada and create job opportunities. The SUV business should be innovative and has growth potential to a global scale.
SUV has the following benefits and advantages over other Canada permanent residence (PR) visa pathways.
Unlike the federal or provincial skilled / entrepreneur programs which are points and business performance (including designated capital investment, no. of full-time jobs of Canadian PR / citizens created, sales achievement etc.) based for the PR application decision, the SUV PR decision is based upon the genuineness of the entrepreneur and the business activities performed throughout the entire application process.
No. SUV PR decision is not based upon your business success, sales turnover or profit earning. In fact, many new startup businesses fail within the first 3 years of operation. The SUV PR decision is based upon the genuineness of the entrepreneur and the business activities performed throughout the entire application process.
We recommend about CAD40,000 or more depending upon the nature of your SUV business and total number of members in a team.
There is no mandatory requirement under the SUV visa requirements to employ how many full time Canadian staff, though one of the program objectives is to create job opportunities in Canada. Throughout your SUV application process, you will certainly create indirect job opportunities in Canada by hiring the Canadian startup, business and IT consultants besides hiring full time Canadian staff as you find fit.
To be eligible for the SUV application, the main applicant or each member of the team meet all the visa requirements below.
No. You are the SUV investor / entrepreneur who will hire the Canadian consultants to complete all the tasks as instructed by you or work with other team members who have IT and/or business experience and skills complementary to yours. In fact, you may be in any occupation or in any industry to apply for SUV, as long as you have the investment fund, meet the English language requirement and commitment to own and manage your business in Canada.
According to the IRCC visa statistics, the overall success rate of PR grant to all past applicants is very high about 80%. The failure cases are mainly due to the non-compliance by either the designated organizations and/or the applicants.
As a sole owner of your SUV business, you have full control of your funds and business in Canada. You hire, supervise and manage your team of Canadian consultants and staff as the CEO. For a team of up to 5 members, one fails all fail i.e. all team members of a genuine team with complementary skills set are to work together in their SUV partnership business. Please note the team is formed for some good reasons not for the sole purpose of saving money.
As a genuine SUV entrepreneur, you are advised to exercise your full due diligence to own and manage your innovative SUV business to create economic, social and cultural values and job opportunities in Canada.
Designated organizations are Canadian incubators, angel funds and venture capital firms appointed by the IRCC to vet the business idea, provide the incubation program at a fee and the Letter of Support for the applicant’s visa application. Over 70% of all SUV applications have come from the incubators as most of them approve business plans only if the applicant is still in the ideation stage, but the angel funds and venture capital firms would expect the applicants have developed the existing solution and have initial market success.
No. LOS is required for your PR and WP applications. It does not guarantee the PR grant which depends upon the genuineness of the applicant and what are the SUV business activities he has performed before the PR decision.
Currently it takes about 36 months to process the PR application, but only 3-4 months for the work permit. The applicant may work and live in Canada with their family members to earn a living while holding the 3 years open work permit and waiting for the PR decision.
The SUV is a federal PR visa under which the applicant and all dependent family members may live, work and study anywhere in Canada. The sole owner or the team’s essential person is advised to spend some time (or reside most of time if appropriate) in Canada to manage the SUV business before the PR decision.
Though the recent IRCC news release stated that the SUV applicant and the spouse will have 3 years open work permit which allows them to work in any job anywhere in Canada, you are advised to spend enough time and resources in managing your SUV business at the same time while you are in Canada e.g. business networking, business meetings with relevant parties, seeking external funding, working with Canadian consultants to complete your SUV project before the PR decision.
It is to your benefit to choose a Canadian RCIC immigration consultant who has many years of successful experience in processing SUV WP and PR over the years. Since 2015, our RCIC consultants, business and project management team have processed over 100 SUV success cases with solid proven experience and expertise to serve our clients to get their PR grant.
To create job opportunities for Canadians is one of the SUV visa requirements, therefore you are encouraged to create direct and indirect employment before the PR decision. Since we have been processing SUV for our global clients since 2015, we have been working with many professional Canadian incubators, business and IT consultants who serve our clients with cost-effective services to meet the SUV visa requirements.
The SUV requires the applicant to own and manage the business actively in Canada, not a passive investment program in which you just make an investment without managing the business. Getting the Letter of Support is only the first stage, you (the sole proprietor) or all members of the team are advised to manage the SUV business actively through the application process before the PR decision.
Our SUV clients have chosen and engaged our professional service to process their SUV WP and PR visas because of our following competitive advantages.