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Startup Visa Program

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The Direct Pathway to Canadian Permanent Residence for Global Innovators

The Canadian Startup Visa Program is designed for foreign entrepreneurs with innovative, job-creating business ideas that can compete on a global scale. Unlike other programs, the SUV is a direct pathway to Permanent Residence for individuals (or groups of up to five owners) who secure support from a designated Canadian organization.

This program is tailored for visionaries who want to launch their business while immediately securing PR status for themselves and their family.

Key Benefits of the Startup Visa Program

  • Direct Path to PR: You receive permanent residency status immediately upon landing, not a temporary visa followed by a conditional application.
  • No Personal Investment Required: You are not required by law to invest any of your own money; the necessary funding comes from a designated organization (Venture Capital/Angel Investor).
  • Retain PR If Business Fails: If the business venture is ultimately unsuccessful, you will retain your permanent resident status.
  • Work Permit Option: You can apply for a work permit while your permanent residency application is being processed, allowing you to begin active management in Canada sooner.
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Mandatory Eligibility Requirements

To qualify for the Start-up Visa Program, you must meet four non-negotiable requirements:

1. Qualifying Business

Your business must meet these conditions

  • The business must be incorporated in Canada.
  • The essential management activities must take place in Canada.
  • Each applicant must hold at least 10% of the total voting rights.
  • The applicants and the designated organization must collectively hold more than 50% of the total voting rights.

2. Letter of Support from a Designated Organization

You must secure a Letter of Support from one of the designated organizations approved by the Government of Canada. This support demonstrates the viability of your business idea.

Designated Organization Type Minimum Investment/Commitment
Venture Capital Fund Must commit at least $200,000 CAD.
Angel Investor Group Must commit at least $75,000 CAD.
Business Incubator Must accept you into their business incubation program (no minimum investment required).

3. Language Proficiency

You must achieve a minimum Canadian Language Benchmark (CLB) 5 in all four abilities (reading, writing, listening, and speaking) in either English or French.

4. Settlement Funds

  • 1 family member: $15,263 CAD
  • 4 family members: $28,362 CAD
  • 7 family members: $40,392 CAD

The Application Process: Step-by-Step

The SUV process is unique because the business evaluation happens before the immigration application.

  1. Develop Your Concept: Create an innovative and scalable business plan.
  2. Pitch & Secure Support: Pitch your concept to designated organizations until you receive a Letter of Support and they submit a Commitment Certificate to IRCC.
  3. Submit PR Application: Gather all required documents (language tests, settlement funds, security checks) and submit your complete application package for permanent residence.
  4. Work Permit (Optional): If you are an essential member of the business, you may apply for a work permit while your PR application is processing.
  5. Receive Permanent Residence: Upon final approval, you land in Canada as a Permanent Resident.

Frequently Asked Questions (FAQs)

No, you do not need to be physically present in Canada during the application process. However, you must actively manage the business from inside Canada once your PR is granted.

Processing times vary significantly, but generally, the process takes approximately 37–40 months from submission to PR finalization. Work permit applications, however, are processed much faster (2–4 months).

Individuals granted permanent residence through this program will retain their permanent resident status even if the startup ultimately fails.

Yes, you can apply as an individual or as part of a group of up to five owners. Each essential member of the team must meet all eligibility requirements.

Yes. We specialize in helping entrepreneurs refine their business plan, structure their ownership to meet IRCC requirements, and connect with designated organizations that match their industry focus.

About Us

K7 Immigration offers expert guidance backed by authorized RCIC licensure. We specialize in navigating the complexities of Permanent Residency (PR) pathways—including Express Entry and PNP—as well as temporary residency options such as Study Visas, Spousal Open Work Permits, and Super Visas.

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8 Brewster Rd Unit 306 , 307, Brampton, ON L6T 5B7, Canada info@k7immigration.com +1 (647) 446-4789

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