The Canadian government welcomes entrepreneurs who have innovative business ideas and the support of Canadian business development and investment organizations. The Start-Up Visa program is designed to attract new immigrants and provide them with opportunities to establish their businesses in Canada while they, in turn, create employment and growth opportunities in the province or territory that they choose to settle in. They do this by enabling successful applicants to connect with private sector organizations that will provide them with start-up funds and Canadian business guidance.
It should be noted that while successful applicants are asked to make every effort to ensure that their business succeeds, they will not lose their permanent resident status should things not work out as intended.
You may be eligible to apply for this program if you meet the following eligibility criteria:
In order to be considered for permanent residence under this program, you will need to obtain the following:
The investment organization or business incubator will be required to submit a Commitment Certificate directly to Immigration, Refugees & Citizenship Canada (IRCC). This document details the agreement between you and the organization. At the same time, the organization must provide you with a letter of support, which you will need to submit with your application for permanent residence
In the case of syndication, where you receive a commitment of support from more than one designated organization, they must all be named on your application. They can collectively provide IRCC with one Commitment Certificate, and they can send you one letter of support
IRCC allows up to five people to submit permanent residence applications that pertain to the same business venture. In this case, at least one of the individuals will be named as an “essential person”, without whom the business venture cannot succeed. The applications of the other individuals are conditional on acceptance of the of applications of the essential persons.
The peer review process has been introduced as a measure to combat fraud and ensure that the agreements between designated investment organizations and international business ventures are valid. At the discretion of IRCC, a commitment may be subjected to an independent assessment by one of the following organizations
The peer review is not designed to provide a commentary on the feasibility of the business; instead, it is done to ensure that the investment organization has performed the necessary due diligence on the business it is supporting. This due diligence should include the following: