The Start-Up Visa program grants permanent residence to immigrant entrepreneurs while assisting them to become established in Canada.

The program encourages immigrant entrepreneurs to grow their companies in Canada. Successful applicants link with private sector organizations in Canada, where they can receive funding, guidance and expertise in opening and operating their enterprise in Canada.

Eligibility Requirements

The purpose of this program is to recruit innovative foreign national entrepreneurs who will create new jobs and drive economic growth.

In order to be eligible, applicants for a Start-Up Visa must meet the following requirements:

• Meet minimum language requirements in English or French (CLB 5 in all abilities);
• Have completed at least one year of post-secondary education, during which the applicant was in good standing at their educational institution;
• Have sufficient funds to settle in Canada;
• Plan to settle in a province other than the Province of Quebec; and
• Pass Canadian security and medical clearances

No more than five foreign nationals may apply for permanent residence as part of the same business venture under the Start-Up Visa Program.

Investment Details

Citizenship and Immigration Canada (CIC) has designated a number of venture capital funds, angel investor groups, and business incubator organizations to participate in the Start-Up Visa program.

Successful applicants are required to secure a minimum investment for their Canadian start-up. If coming from a designated Canadian venture capital fund, the investment must be at least $200,000. If coming from an angel investor group, it should be at least $75,000. Applicants are not required to invest any of their own money. If their Canadian start-up is unsuccessful, individuals granted permanent residence through this program will retain their permanent resident status.