Federal Start-up Visa Program

Entrepreneurs with an innovative business idea and ability to get a letter of support from a Canadian venture capital fund, angel investor group or business incubator can immigrate to Canada. The goal of Canada’s Start-up Visa Program is to build innovative businesses in Canada that can create jobs for Canadians and compete on a global scale.

Start-Up Visa Program Requirements

1) A Designated Organization must support a start-up and provide a Letter of Support.

Venture capital funds , angel investor groups or business incubators are considered designated organizations under a start-up visa program. These organizations are business groups that have approval for investing in start-ups. If such an organization decides to support a start-up, it will give a special Letter of Support

List of designated organizations 

If a Venture Capital Fund supports a start-up, it must agree to invest a minimum of $200,000.

List of Canadian designated Venture Capital Funds approved for start-up visa program:

If an Angel Investor Group supports a start-up, it must agree to invest a minimum of $75,000.

If a Business Incubator supports a start-up, it must accept it to one of these programs:

2) A start-up business must meet ownership conditions.

Up to 5 people can apply as owners of a single business for a Start-up Visa Program. They must meet certain criteria:

  • Each owner must hold a minimum of 10 percent of the voting rights in the business.
  • The designated organization and the applicants must together hold more than 50 percent of the voting rights in the business. Voting rights are attached to each share of a business that is outstanding at a given time.

3) Applicant - owner of a start-up - must meet language level.

The ability to communicate in any of both official languages in Canada is a must if you want to have a successful business. It is necessary to meet the minimum point of the Canadian Language Benchmark 5 in speaking, reading, listening and writing in either French or English.

4) Applicant - owner of a start-up - must have enough money for basic needs.

New start-up visa immigrants must demonstrate sufficient money to maintain life in Canada. The amount needed depends on the size of a family.

Famly size      Funds required 
1                           $12,669
2                           $15,772
3                           $19,390
4                           $23,542
5                           $26,701
6                           $30,114
7                           $33,528
Additional family member  - $3,414

If you would like to know more about a Start-up Visa Immigration Program, you may call +1-647-695-5256 or email lena.levtsun@leromlaw.com or message us using the contact form below.

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