If you are a talented and brillant entrepreneur capable of creating a business in Canada that (i) is original and creative, (ii) will create work opportunities for residents, and (iii) could become an international player. This article will let you know the eligibility requirement, the application process and supporting documents you need to succeed in your application.
In order for you to be eligible for the Start-up Visa Program, you have five main requirements that you need to fulfill:
The list of Designated Organizations that could help your application for the start-up visa program is set by Immigration, Refugees, and Immigration Canada (IRCC). You will have to contact them yourself to pitch your ideas and convince them to invest in your ideas.
You can find the full list of Designated Organizations here.
You can only apply on paper. After filling and signing the required forms, gathering your supporting documents, and paying your fees, you will need to mail your application package to this address.
In regards to forms to fill and supporting documents to provide, we invite you to check our dedicated guide on the matter.
The sponsored person and their dependents will need to pass a Medical Exam with an IRCC approved doctor.
Quebec has its own Businesspeople Immigration Programs. The Quebec equivalent of the Start-up Visa Program is the Entrepreneur Program.
It is quite different from the Federal program as you will need a minimum net worth of $900,000, and intend to invest at least $300,000 if inside de Montréal area, or $200,000 if outside. You won’t need to have your business supported by a designated organization.
The processing times are very slow, you might need to wait up to 5 years to get your “Certificate de Selection du Québec” (CSQ) after paying a little more than a $1000 fee for the CSQ application. And you will need then to apply to the federal government for your permanent residence, which can take a few months.
You can learn more about this program and how to apply here.