Business Class

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. This program is to attract foreign innovative entrepreneurs, who are willing to establish new, high-growth businesses in Canada and support innovation and job creation. Canada is open for business to the world’s start-up entrepreneurs. There are many reasons why Canada is the best place to build your business.

Strong economic growth: Forbes magazine rates Canada as the best country in the G-20 with which to do business. Canada has the strongest fiscal position in the G-7 and among the best fiscal prospects in the G-20.

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We keep your data private and share your data only with third parties that make this service possible. Read our Privacy Policy.

Low taxes and low business costs: Canada offers a low-cost and low-tax environment so your business can thrive. Canada’s overall tax rate on new business investment is significantly lower than that of other G-7 countries. KPMG ranks Canada as the most tax competitive country in the G-7.

Excellence in research and innovation: Canada offers a winning environment for research and innovation, including world-leading research and development (R&D) infrastructure, scientific talent and innovation incentives. Combined federal and provincial credits can return to foreign investors, on average, up to 30 percent of their R & D investment in Canada.

Top quality of life: Canada’s top quality of life provides a great backdrop for the success of individuals, families and globally engaged companies. According to the World Bank, in 2011 Canadians enjoyed nearly the highest standard of living in the G-20. Canada is home to a highly educated, flexible and multicultural work force.

Eligibility requirements of the program

To be eligible for the Start-up Visa Program, the applicant must:

  • Have a qualifying business
  • Get a letter of support from a designated organization
  • Meet the language requirements
  • Bring enough money to settle
  • Pass Canadian security and medical clearances
  • Plan to settle in a province other than the Province of Quebec

Qualifying Business

A qualifying business means you created a business that meets the following conditions:

  • At the time you get 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 you receive your permanent residence:
    • You 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

Designated Organization

The applicant must get a letter of support from a designated organization.Designated organizations are business groups (venture capital funds, angel investor groups, and business incubator organizations) that are approved to invest in or support possible start-ups through the Start-up Visa Program. Successful applicants are required to secure a minimum investment for their Canadian start-up. If coming from a designated Canadian venture capital fund, the investment must be at least $200,000 CAD. If coming from an angel investor group, it should be at least $75,000 CAD. Applicants do not need to secure any investment from a business incubator. However, applicants must be accepted into a Canadian business incubator program.

Applicants are not required to invest any of their own money. If their Canadian start-up is unsuccessful, individuals granted permanent residence through this program will retain their permanent resident status.

Language Requirements

The applicant must meet the minimum level of the Canadian Language Benchmark (CLB) 5 in either English or French in all four areas (speaking, reading, listening & writing).

Enough money to settle in Canada

The Government of Canada does not give financial support to new start-up visa immigrants. An applicant is required to give proof that he/she has the sufficient money to support themselves and dependents after their arrival in Canada.

Contact us for assessment and more information