Startup Visa

To qualify for Start-up Visa Program 

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• have a qualifying business

• get a letter of support from a designated organization

• meet the language requirements

• bring enough money to settle

 

Qualifying business means a business created that meets the following conditions

 

At the time of 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) and 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 of receiving permanent residence:

• 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

• contact the designated organization to find out how to get its support

• Applicant to convince the organization that they have a business idea that is worth supporting

• get a letter of support from the designated organization

 

On reaching an agreement with the designated organization, the organization will send the applicant a letter of support. This letter is to be included with the application. The designated organization will also send a commitment certificate directly to IRCC. 

 

Bring enough money to settle

When applying for new start-up visa immigration, it is required to prove that the applicant has enough money to support themself and their dependents after arriving in Canada. The amount depends on the size of your family. 

 

Number of family members

 

Funds required      (in Canadian dollars)

1.                                 $13,213

2                                $16,449

3                                $20,222

4                                $24,553

5                                $27,847

6                                $31,407

7                                $34,967

For each additional

family member.      $3,560