Canada's Start-up Visa Program targets immigrant entrepreneurs with the skills and potential to build innovative businesses in Canada that can create jobs for Canadians and compete on a global scale.
Do you have an innovative business idea? If you can get support for your idea from one of the designated organizations, you may be able to immigrate to Canada.
There are many reasons why Canada is the best place to build your business. Canada's advantages include:
Determine your eligibility – Start-up Visa
To be eligible to receive a Start-up Visa, you must:
Prove your business is supported by a designated organization
Before you can apply for a Start-up Visa, you must have the support of a designated organization. If a designated organization decides to support your business, it will provide you with a Letter of Support.
You must include the Letter of Support with your application. If you do not include the letter or do not meet any of the eligibility requirements below, your application will be refused.
Show that your business meets the ownership requirements
Up to five people can apply for a Start-up Visa as owners of a single business. However, to meet the ownership requirements:
Note: Voting rights are the right of a business owner to vote within a company. The right to vote is attached to each share of a business that is outstanding at a given time.
Meet the language requirements
The ability to communicate and work in English, French, or both will help your business succeed in Canada.
You must take a language test from an agency approved by CIC and include the results with your application for your application to be processed.
You must meet the minimum level of the Canadian Language Benchmark (CLB) 5 in either English or French in all of these four areas:
If you do not meet the minimum language skills, your application will be refused.
Bring sufficient settlement funds
The Government of Canada does not provide financial support to new Start-up Visa immigrants
You must show that you have enough money to support yourself and your dependants after you arrive in Canada. You cannot borrow this money from another person. You will need to provide proof that you have the money when you submit your application.
The amount you will need depends on the size of your family. These amounts are updated every year.
| Funds Required|
(in Canadian dollars)
|7 or more||$31,574|
How much money should you bring?
Find out how much it costs to live where you are planning to settle in Canada.
Bring as much money as possible to make moving to Canada and finding a home easier.
Disclosure of funds
If you are bringing more than CAN $10,000 across the Canadian border, you must tell a Canadian official when you arrive. If you do not tell an official, you may be fined or put in prison. These funds could be in the form of: