British Columbia
Requirements
- Establish an eligible new or acquired business and improve an existing business in B.C.
- Invest a minimum of $200,000 in the new or existing business.
- Create at least one new full-time job for a Canadian citizen or permanent resident
- Have a net worth of a minimum of $600,000.
- Have business and/or management experience.
- Canadian Language Benchmark (CLB) Level 4 in English or French on any of the four competences: hearing, communicating, reading and writing, by appointment date.
- Have, or be eligible for, legal immigration status in Canada.
- Have been lawfully admitted in the country where you currently reside.
- Pay a $300 registration fee, $3,500 application fee and $1,000 fee.
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FAQS
❓ What is the Canada Start-Up Visa Program?
The Canada Start-Up Visa (SUV) Program is an immigration pathway for entrepreneurs who want to start an innovative business in Canada. It allows eligible applicants to obtain permanent residency by securing support from a designated Canadian organization such as a venture capital fund, angel investor group, or business incubator.
❓ Who is eligible for the Canada Start-Up Visa?
To be eligible, applicants must:
Have a qualifying business idea
Obtain a Letter of Support from a designated organization
Meet language requirements (CLB 5 in English or French)
Show sufficient settlement funds
Intend to actively manage the business in Canada
❓ Do I need prior business experience to apply for the Start-Up Visa?
No. Prior business ownership or management experience is not mandatory. However, applicants must demonstrate the ability to actively participate in building and operating the proposed business in Canada.
❓ How long does the Canada Start-Up Visa process take?
Processing times vary, but on average it can take 24 to 36 months to receive permanent residency. Timelines depend on application completeness, background checks, and IRCC processing workloads.
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