Canada Start-Up Visa

2013

canadian programme began

C$275,000

minimum requirement

36-37 months

months processing time

Canada is home to one of the world’s best-performing economies. So, naturally, it’s an extremely appealing market in which to establish a business.

The Canada Start-Up Visa (SUV) Program connects entrepreneurs with Canadian Government Designated Organizations (DOs) to engineer an innovative start-up venture.

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Unlike other immigration paths, Canada authorizes Permanent Residency (PR) from day one. This means that PR is not tied to the success of the business.

With your investment, you won’t be required to perform the day-to-day operations. Additionally, you’ll have a 10-year membership with your Angel Group, which provides excellent networking opportunities.

Benefits of Canada Start-up Visa

The cost of the Canada Start-Up Visa (SUV) Program is much lower than the former Quebec Immigrant Investor Program. In addition, quicker processing times allow you to settle more promptly in Canada.

You and your family also will be able to apply to become Canadian citizens if you live in Canada for three years within the preceding five-year period. Furthermore ,you must be proficient in English and/or French. Lastly, you can't have a criminal record.

Taxes paid by citizens and Permanent Residents in Canada funds its public healthcare system.

Canada has the world’s second-largest oil reserves and, what's more, the fourth-largest supply of fresh water.

Who Can Get Canada Residency

  • Firstly, over 18 years old
  • Secondly, own a qualifying business
  • Also, gain security clearance
  • Lastly, pass the medical examination

  • First, over 18 years old
  • Second, gain security clearance
  • Lastly, pass the medical examination

  • One, under 22 years old
  • Two, unmarried as well
  • Three, also pass the medical and security examinations

Programme Requirements

To qualify for the Canada Start-Up Visa (SUV) Program, you must fulfil ONE of the following investment options AND meet other requirements:

OPTION 1. Invest in a Venture Capital Fund

Invest C$325,000 in a Canadian Venture Capital Fund. This investment package includes a 10% shareholding in a new Canadian start-up and additional investments in other start-ups. It also covers initial due diligence, onboarding, corporate legal, professional, advisory, membership, and incubation fees.

OPTION 2. Become an Accredited Investor

Invest C$275,000 in an Angel Investors Group. This investment package offers a 10% shareholding in a new Canadian start-up and additional investments in other start-ups. It also includes initial due diligence, onboarding, corporate legal, professional, advisory, membership, and incubation fees.

OPTION 3. Invest in an Angel Investors Group

Make a C$275,000 investment in an Angel Investors Group. The package comprises a 10% shareholding in a new Canadian start-up and additional investments in other start-ups. It also covers initial due diligence, onboarding, corporate legal, professional, advisory, membership, and incubation fees.

Other Requirements and Benefits

As a Canada SUV Program applicant, you must demonstrate fluency in English or French to Canadian Language Benchmark (CLB) 5. Morever, you must bring enough money to settle. For instance, if you’re moving to Canada alone, you must have disposable funds of C$13,310. This increases to C$24,733 for a family of four, take not. If you’re looking to raise a family, however, Canada is one of the safest countries in which to do so.

Speak to a global expert

The RIF Trust team has global experts in over 20 countries. We can advise in 14 languages. Let us help you find the perfect investment migration solution.

The RIF Trust team has global experts in over 20 countries. We can advise in 14 languages. Let us help you find the perfect investment migration solution.

Application Process

  • Months 1-4

    Client onboarding process and application filing

    We commence our process with, naturally enough, Form 1. This enables us to carry out the initial Latitude due diligence. Following the successful screening, then we provide you with a Client Agreement (CA) to review and sign.

    Upon receiving the signed agreement and retainer payment, next our legal team will help you complete the client business concept requirement. After this, the Canadian Government Designated Organization (DO) will pair you with the founder and two to three other applicants. This includes obtaining a letter of support from an Angel Group.

    The next step you will need to take is to pay the primary investment. Rest assured that we will liaise with Immigration, Refugees and Citizenship Canada (IRCC) on your behalf.

    In addition, you will receive assistance with preparing files and collecting documentation. We will also help you undergo medical and security verification.

    Once you land in Canada, you will receive a Permanent Resident (PR) card and also finalize the agreement and initial payment. Plus, the Designated Organization (DO) will pair you with the founder and two to three other applicants. Furthermore, you will need to pay the primary investment.

  • Months 1-24

    Maintain your PR status under the SUV

    As a Permanent Resident under the Canadian Start-Up Visa Program, it's essential to maintain your status by residing in Canada for at least 730 days (two years) within a five-year period. So, failure to do so may result in losing your PR status and impact your ability to work, live, and travel in Canada.

    However, there are provisions and exceptions for maintaining PR status if you cannot meet the residency requirement due to work or family obligations.

    To ensure you maintain your PR status, it's advisable to plan your stay in Canada carefully and seek professional advice if you need assistance navigating the requirements of the Canadian immigration system. By doing so, you can enjoy the benefits of being a Permanent Resident in Canada and continue to pursue your entrepreneurial goals with peace of mind.

  • Month 36

    Access a route to citizenship

    You and your family members are eligible for Canadian citizenship under the Canadian Start-Up Visa Program if you meet specific requirements. These include residing in Canada for at least three out of the preceding five years (1,095 days) and, furthermore, having a clean criminal record.

    The Canadian Government provides a clear and straightforward process to citizenship for eligible applicants. As a result, the Canadian SUV is an attractive opportunity if you're looking to establish a permanent home in Canada.

Frequently Asked Questions

Authorities typically process applications to the Canada Start-Up Visa (SUV) Program within 36 to 37 months, assuming there are, of course, no complications.

The cheapest option for this Residency by Investment is C$275,000.

Taxation in Canada is relatively straightforward.

For example, the Canadian Government taxes its residents at federal and provincial levels on their worldwide income.

Yet non-residents are taxed on Canadian-sourced income and on gains from the disposition of taxable Canadian property.

You’re classed as a resident in Canada if you reside there or are ordinarily a resident in the country. If you’re a non-resident, you’ll be deemed to be a resident if you spend at least 183 days in Canada in a calendar year.

Authorities determine provincial income tax rates separately and then add these to federal rates. They levy capital gains taxes, but at a reduction of 50 percent of capital gains, less allowable capital losses.

Speak to one of our global experts and begin your journey today

Our team operates in over 20 countries worldwide, securing second citizenship or residency in desirable locations and unlocking a brighter future.

  • 36-37 months application processing time
  • C$275,000 minimum requirement
  • The programme is open to global entrepreneurs

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