Description of the core change(s) brought by this policy instrument
Successful applicants to this program will be able to immigrate to Canada as permanent residents with no conditions attached to the success of their business.
Please list the implementing agencies
Immigration, Refugees and Citizenship Canada (IRCC)
Abstract summary of this Policy resource
Canada’s new Start-Up Visa is linking immigrant entrepreneurs with experienced private sector organizations that have expertise in working with start-ups.
Immigration, Refugees and Citizenship Canada (IRCC) has designated a number of venture capital funds, angel investor groups, and business incubator organizations to participate in the Start-Up Visa program.
Successful applicants are required to secure a minimum investment for their Canadian start-up. If coming from a designated Canadian venture capital fund, the investment must be at least $200,000. If coming from an angel investor group, it should be at least $75,000.
Applicants do not need to secure any investment from a business incubator. However, applicants must be accepted into a Canadian business incubator program.
Applicants are not required to invest any of their own money. If their Canadian start-up is unsuccessful, individuals granted permanent residence through this program will retain their permanent resident status.