The Start-up Visa Program
The Start-Up Visa Program allows foreign entrepreners to obtain permanent residence by starting a Canadian business with private sector support. The business must be:
- Can create jobs for Canadians
- Can compete globally
To qualify under this program you need to secure the support of either a designated Canadian angel investor group (minimum $75,000), a venture capital fund (minimum $200,000), or a business incubator, to support your business idea. Once you have that commitment you can apply to immigrate through the program.
The additional requirements for the program are:
- English or French language skills (CLB 5 level in speaking, reading, listening, and writing)
- Proof that you have the necessary funds to support yourself and your family after arriving in Canada
Applicants under the Start-Up Visa Program can obtain permanent residence within 12 to 16 months.