The Start-Up Visa program grants permanent residence to immigrant entrepreneurs. Canada’s Start-up Visa Program provides a stream that focuses on immigrant entrepreneurs with the skills and potential to build businesses in Canada who are innovative, can create jobs for Canadians, and compete on a global scale as well.
Eligibility to the Program
In order for you to be eligible for the Start-up Visa Program, you have five main requirements that you need to fulfill:
1-Prove that your business is supported by a designated organization. Those are Canadian venture capital firms, angel investors groups and business incubators, that need to issue you a Letter of Support.
2-Show that the designated organization(s) that supports you hold(s) at least 50% of voting rights in the business and that you and a maximum of 4 others persons, hold the remaining 50% of voting rights, each one having at least 10% of voting rights.
3-Prove that you meet the minimum language requirements, either in French or in English. You must meet the minimum level of the Canadian Language Benchmark (CLB) 5 in all of these four areas: speaking, reading, listening, and writing. You can learn more about the French test and the English test requirement here.
4-Bring enough money to settle. The amount needed, updated every year, depends on the number of family members that are coming with you.
5-You must not intend to live in the province of Quebec.