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Government of Canada to make Start-Up Visa Program Permanent in 2018



The Start-Up Visa Program, which was launched in April 2013, invites immigrant entrepreneurs to bring their business to Canada. The program allows entrepreneurs to obtain permanent residence for themselves and their family. This pilot program was aimed at attracting pioneering foreign entrepreneurs who would contribute to the Canadian economy. After evaluation of the pilot, it has been determined that the Start-Up Visa Program is delivering on its goals to bring innovative companies into Canada, which in turn creates more jobs for middle-class Canadian workers in a range of industries. With the success of the pilot, the government has announced that it will make the Start-Up Visa Program a permanent part of the immigration landscape for 2018.
As of July 15, 117 principal applicants have received permanent residence through the Start-Up Visa Program. This represents 68 start-ups that were launched in Canada as a result of this program. At present, there are more than 50 Canadian venture capital funds, angel investor groups, and business incubators designated to participate in the program. Entrepreneurs who participated in the program in the first 3 years received over $3.7 million in investment capital from designated entities to help them grow their business in Canada.
Innovative entrepreneurs who wish to apply for permanent residence through the Start-Up Visa Program must meet the following minimum eligibility requirements.
  • Prove your business is supported by a designated organization;
  • Show your business meets ownership requirements;
  • Meet the minimum language requirements (CLB 5 in all areas) in English or French; and
  • Show sufficient funds to settle in Canada;

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