Canada Start-Up Visa
The SUV is a fast, cost-effective and reliable immigration stream into Canada that provides Permanent Residency (PR) from day one. Unlike other business immigration paths, the PR status is not tied to the success of the business.
Under this offering, the client becomes a 10% owner of the new start-up business and are required to partake in incubation training and general management meetings where they will provide their advice and expertise – the client will not be required to perform the day to day operations.
The eligibility requirements are:
- Investment capital requirement of CAD $350,000.
- Be accepted by a “authorized designated-organization”.
- Basic proficiency in English or French (CLB 5 or greater).
- Applicant must be an accredited investor by satisfying one of the following criteria:
- Individual income of $200,000 or combined with spouse $300,000.
- Financial assets of $1 million (including spouse).
- Net assets of at least $5 million (including spouse).
- Cannot be inadmissible to Canada for medical, security or criminality reasons.
- Two plus years of post-secondary education (preferred).
- Business ownership or management experience (preferred).