The Startup Visa Program targets immigrant entrepreneurs with the skills and potential to build businesses in Canada that are innovative, can create jobs for Canadians, and can compete on a global scale.
To be eligible for the Startup Visa Program, you must have a qualifying business, a letter of support from a designated organization, meet the language requirements, and have sufficient settlement funds.
The application process involves obtaining a letter of support from a designated organization, submitting your application to Immigration, Refugees and Citizenship Canada (IRCC), and meeting all other requirements. The processing time can vary, so it is important to apply well in advance.
Once approved, you will receive a permanent resident visa, which includes your Confirmation of Permanent Residence (COPR) and your entry visa. You must arrive in Canada before the expiry date on your visa.
The Startup Visa Program grants permanent residency, so there is no need for renewal. However, to maintain your permanent resident status, you must meet residency obligations, which require you to be physically present in Canada for at least 730 days within a five-year period.