Canada Start-Up Visa Program offers direct pathways to Canadian permanent residency for entrepreneurs and their families. It provides access to Canada’s strong entrepreneurial ecosystem, including mentorship opportunities, business networks, and potential for growth in a stable economy.
Including the UK, and Schengen countries
commitment requirements starting from CAD 75,000 must be secured
Months from submission of the application
Canada, situated in the northern part of North America, shares land borders with the USA to the south and the US state of Alaska to the northwest. Stretching from the Atlantic to the Pacific and bordered by the Arctic Ocean to the north, it is the world’s second-largest country. Canada has a low population density of 4 inhabitants per km², making it one of the least densely populated nations globally. Renowned for its abundant lakes and freshwater resources, Canada ranks among the world’s wealthiest countries with high per-capita income, holding membership in the OECD and the G8.
The Canadian economy has experienced significant growth since the early 1990s, resembling the USA in its market-oriented system and high living standards. Evolving from a predominantly rural economy to an industrial and urban one, Canada’s service industry dominates, employing about three-quarters of the population. Noteworthy is its role as a net exporter of energy, particularly in oil, natural gas, and hydroelectric power.
Canada is a key global supplier of agricultural products, with the Prairies contributing significantly to canola, wheat, and grains. It leads in uranium, zinc, and various natural resources like aluminum, gold, lead, and nickel. The country has successfully avoided economic recession since 2001, maintaining strong economic performance in the G8.
Canada’s appeal extends beyond its economic prowess. With a relaxed lifestyle, stable political, economic, and social environments, excellent education and health systems, a multilingual population, and a reputation for cultural tolerance, Canada stands out as a highly sought-after destination for work, investment, living, and raising families.
Investment Amount: There is no minimum investment amount, but applicants must secure a commitment from a designated Canadian venture capital fund, angel investor group, or business incubator.
Commitment Requirements: CAD 200,000 from a designated venture capital fund, or CAD 75,000 from a designated angel investor group, or acceptance into a designated business incubator.
Business Requirements: The business must be innovative, create jobs for Canadians, and be able to compete globally.
Language Proficiency: Applicants must meet minimum language requirements in English or French.
There are also several programs to become a permanent resident of Canada:
Applicants who want to establish themselves economically in the province of Quebec have to obtain a certificate of selection of Quebec (CSQ) before applying for permanent residence to the Government of Canada. Applicants and their dependents will be assessed on health and security grounds. Holders of a CSQ are required to reside in the province of Quebec.
Phase 1: Client Onboarding
The process begins with filing the client’s form, which enables us to carry out the initial BLS Global due diligence. Subsequently, following the successful screening, we provide you with a formal agreement with BLS Global.
Phase 2: Application Submission
Your next step involves the payment of the primary investment. Rest assured, we will liaise with Immigration, Refugees and Citizenship Canada (IRCC) on your behalf. Additionally, we will assist you in preparing files, collecting documentation, and undergoing medical and security verifications.
Upon arrival in Canada, you will receive a Permanent Resident (PR) card, finalize the agreement, and complete the initial payment. The Designated Organization (DO) will also pair you with the founder and two to three other applicants, and you will need to pay the primary investment.
Phase 3: Maintaining PR Status
Between months 3 to 4, As a Permanent Resident under the Canadian Start-Up Visa Program, it is crucial to maintain your status by residing in Canada for at least 730 days (two years) within a five-year period. Failure to meet this requirement may result in the loss of your PR status, impacting your ability to work, live, and travel in Canada.
There are provisions and exceptions for maintaining PR status if you cannot meet the residency requirement due to work or family obligations. Planning your stay in Canada carefully and seeking professional advice can help you navigate the Canadian immigration system’s requirements, ensuring you can continue to enjoy the benefits of being a Permanent Resident and pursue your entrepreneurial goals with confidence.
Phase 4: Route to Citizenship
After three years of Residing in Canada under under the Canadian Start-Up Visa Program, you and your family members are eligible for Canadian citizenship if you meet specific requirements. These include residing in Canada for at least three out of the preceding five years (1,095 days) and maintaining a clean criminal record.
The Canadian Government offers a clear and straightforward citizenship process for eligible applicants. Therefore, the Canadian SUV Program presents an attractive opportunity for those seeking to establish a permanent home in Canada.
Disclaimer: Residency requirements and investment details are subject to change. Please consult with our experts for the latest information.