Canada Start-up Visa
Canada Start-up Visa
The Canada Start-Up Visa Program (SUV) is the first of its kind in the world, linking immigrant entrepreneurs with experienced private sector organizations that have expertise in working with start-ups.
SUV is a pilot program launched on Apr. 1, 2013 in Canada for a period of five years, then it became permanent in 2018. The main purpose of the program is to attract innovative foreign entrepreneurs to make new contributions to Canadian economic and industry development and create employment opportunities.
The SUV program targets immigrant entrepreneurs with the skills and potential to build businesses in Canada that
i) are innovative;
ii) can create jobs for Canadians;
iii) can compete on a global scale.
Time to residency
2-3 years
Residency requirement
No residency requirement
Visa-free travel
185 countries and regions
Taxation
Worldwide taxation
Passport rank
8th in the world
Established time
Program launched in 2013
Application requirements
Throughout years’ of dedication to the industry, Globevisa has established our own standard to guarantee high success rate. For Canada SUV application, we boil down the crucial conditions of our successful clients into the following points.
1. Have a transcript of more than IELTS 5 with a single score of at least 5545 (or have previously had an IELTS score above this level).
2. Have a liquidity of at least CAD400,000.
3. Possess a college degree or higher.
4. Work experience satisfying any one of the 3 criteria.
A) If in a highly skilled industry, have at least 3 years of work experience.
B) Have at least 5 years of work experience if in a non-high-skilled industry.
C) If no work experience, only a master’s degree or higher is accepted.
5. Have a certificate of no criminal record (all countries with 6 months or more of residence).
Program Benefits
1. It allows the successful applicants to obtain direct permanent residency status in Canada within 30 to 32 months. This status is extended to the applicant’s spouse and children under the age of 22 years old.
2. A permanent resident is allowed to live, work and study in anywhere in Canada without having to request any further permission.
3. A permanent resident can apply for Canadian citizenship if, among other conditions, he has been physically present in Canada for at least 1,095 days in the 5 years preceding the submission of the citizenship application.
4. The Start-Up Visa program allows the entrepreneur to obtain work permit within 2-3 months so that he/she can develop the start-up in Canada when processing for permanent residency. The spouse can apply for an open work permit simultaneously while the dependent child has access to a study permit.
5. Contrary to traditional immigration programs, SUV applicants do not need to qualify to a point system based on the age, education, etc. Therefirem, it is also important to consider that the SUV requires no basic management experience and the educational background from the entrepreneur.
6. The newly established start-up can fail and such failure will not affect the permanent residency application.
Why Globevisa?
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As a leading and reputable immigration group in Asia - Pacific, Globevisa Group is an immigration advice provider based in Singapore, with 22 years of experience, we have supported more than 150,000 families of 93 nationalities to successfully settle down.
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Globevisa has handled foreign investment deals worth more than 5 billion USD. In our business fields, we hold over 70% of the global market share.
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Globevisa has a team of more than 1,000 employees including lawyers, experts, consultants, experienced immigration, assessment specialists and document preparation team in multi-time zone to support our clients with more than 15 languages, ensuring a success rate of 98% and 100% confidentiality of customer information.
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Globevisa has over 40 offices in major cities around the world, offering over 400 programs in Asia, Europe, North America and Oceania.
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Globevisa Vancouver: Metrotower I Suite 738, 4710 Kingsway, Burnaby, British Columbia, Canada.
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Globevisa Toronto: 29 Ivy Glen Dr., Vaughan, Ontario, L6A 0P3, Canada.
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For Canadian immigration programs, we have a team of experienced lawyers and customer care staff to support customers throughout the application process. We work directly with Alberta Communities to obtain Letters of Support for investors in the fastest time.