Start-Up Visa Program
To qualify for the Start-up Visa Program, you must meet all 4 eligibility requirements, as well as the admissibility requirements to enter Canada.
Eligibilty
To be eligible to apply for Start-up Visa Program, you must:
- have a qualifying business
- have a letter of support from a designated organization
- meet the language requirements, and
- have enough money to settle and live in Canada before you make money from your business
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Can an entrepreneurial team immigrate to Canada together through the Start-up Visa Program?
Yes. Up to 5 people can apply through the Start-up Visa Program as owners of a single business.
When reviewing your proposal, the designated organization will decide who is essential or non-essential to the business. An essential person is critical to the proposed start-up. Without this person, the designated organization would not invest or support the proposal.
If we refuse the application of an essential person, all related applicants will be refused.
What is the minimum investment that I need to apply through the Start-up Visa Program?
If the investment comes from a designated Canadian venture capital fund, you must secure a minimum investment of $200,000.
If the investment comes from a designated Canadian angel investor group, you must secure a minimum investment of $75,000.
You don’t need to secure a financial investment from a business incubator. You must be accepted into a Canadian business incubator program.