CANADIAN PERMANENT RESIDENCY FOR BUSINESS PEOPLE
Program Highlights
No minimum or maximum age
Support from a Venture Capital Fund or Angel Investor
Complete freedom of mobility
Processing in as little as 12 - 16 months
Intermediate English/French speaking ability required
Direct federal application for Canadian permanent residency
ABOUT THE START-UP VISA (SUV) IMMIGRATION PROGRAM
Canada’s new Start-Up Visa is the first of its kind in the world, linking immigrant entrepreneurs with experienced private sector organizations that have expertise in working with start-ups. Unlike programs in other countries, Canada does not provide “temporary” or “conditional” status. Successful applicants to this program will be able to immediately apply for permanent residence if they secure a commitment from a designated Canadian private sector organization.
Requirements
To be eligible for the Start-up Visa Program, you must:
Obtain a commitment from a designated entity in the form of a Commitment Certificate and Letter of Support;
Have sufficient unencumbered, available and transferable settlement funds (amounts updated each year);
Demonstrate sufficient proficiency in English or French through standardized testing (CLB 5)
Have Medical and Criminal Clearance
To qualify for this program, you must obtain a commitment from a designated entity in the form of a Commitment Certificate and Letter of Support
Venture Capital Funds
You must get at least one of these groups to agree to invest a minimum of $200,000. Venture capital funds are pooled investment funds that manage the money of investors
Angel Investor Groups
You must an Angel Investor to invest at least $75,000. An angel investor is a high-net-worth individual who provides financial backing for small startups or entrepreneurs.
START-UP VISA PROGRAM EVALUATION
A New Approach
The Canada Start-up Visa is considered a unique model of business immigration in the country. Not only is the SUV Program one of the government’s most recent immigration initiatives, but it also caters to a particular type of business professional, one with both a creative idea and the entrepreneurial drive to turn that idea into an actual enterprise.
SARB FARMAHA B.A., J.D.
MANAGING LAWYER - BARRISTER & SOLICITOR
Sarb Farmaha is a Canadian Lawyer. He maintains a broad immigration practise with a focus of corporate and business immigration. He earned his Juris Doctor (J.D.) in Canada from Western University Faculty of Law. He is well versed in business and economic immigration and has spent over 5 years helping numerous businesses and individuals realize their Canadian immigration ambitions.
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