x
(587) 705-0764
Ackah Business Immigration Law – Personal and Corporate Immigration
Contact us

Contact Information

1 (403) 452-9515

1 (800) 932-1190

Book a Free Consult

More Options...

Start-up Visa Program Has Come To Stay!

Blog posted on by Evelyn Ackah in Business Immigration to Canada, Start-Up Visa Program, Permanent Residence and Start-Up Visa Program

Start-up Visa Program Has Come To Stay!

The Canadian Start-up Visa Program is the first of its kind in the world, launched in 2013 by Immigration, Refugees and Citizenship Canada (IRCC), to link innovative immigrant entrepreneurs with Canadian experienced private sector organizations that have expertise in working with start-ups.

Innovative entrepreneurs are those who have the expertise to turn their ideas into successful companies or those who have the potential to build dynamic companies that can compete with other companies on a global scale.

The Start-up Visa Program was introduced to support innovative entrepreneurs to become Canadian permanent residents with no conditions attached to the success of their business, after they partner with a Canadian venture capital fund or angel investor group that will make significant financial commitments to their business idea, or after a business incubator has accepted them into their program.

The program was meant to run for up to five years. However, due to its successful track record, the Minister of Innovation, Science and Economic Development, Navdeep Bains and Minister of Immigration, Refugees and Citizenship, Ahmed Hussen announced that the program has come to stay and would now become a core part of Canada’s immigration policy starting in 2018.

To qualify for the program, you must meet the four requirements, which include:

  • having a Letter of Support from a designated angel investor group, venture capital fund or business incubator
  • meeting the ownership requirement for a qualifying business
  • getting the scores of at least Canadian Language Benchmark (CLB 5) in all four categories in either English or French
  • having an adequate amount of money to settle and provide for the cost of living prior to earning an income

Although you are not required to invest any of your own money to apply for a start-up visa, you must however, be able to secure the minimum investment fund from a Canadian venture capital fund or angel investor group that has been named as a participant in the program, as follows:

  • $200,000 if the investment is coming from a designated Canadian venture capital fund
  • $75,000 if the investment is coming from a designated Canadian angel investor group
  • You do not need to secure any investment from a business incubator but you must be accepted into a Canadian business incubator program

Upon meeting the above requirements, your application will be reviewed based on IRCC's standard admissibility criteria on issues such as health, criminality, security as well as making a request for an independent peer review to ensure that due diligence was performed by the designated organization that is issuing a Letter of Support to you. For more information on the Startup Visa Program, click on http://www.cic.gc.ca/english/immigrate/business/start-up/index.asp


Evelyn L. Ackah, BA, LL.B.

Founder/Managing Lawyer

Ms. Ackah is passionate about immigration law because it focuses on people and relationships, which are at the core of her personal values. Starting her legal career as a corporate/commercial ...

More About Evelyn L. Ackah, BA, LL.B.

3 Questions American Entrepreneurs Should Ask Before Immigrating to Canada With Calgary Immigration Lawyer Evelyn Ackah

On the 3 Questions Webcast with Wayne Baxter, Senior Executive Manager at Wealth Management with One Capital Management, Wayne asks Calgary immigration lawyer Evelyn Ackah 3 questions ...

Read More

Fast Track Canada Immigration Via PNPs

PNPs can fast track Canada immigration and provide a more tailored route to permanent residency for skilled workers and entrepreneurs who align with the economic needs of specific ...

Read More

Emissions Reduction Alberta (ERA) Emerging Innovators Challenge

Emissions Reduction Alberta (ERA) has announced the Emerging Innovators Challenge, a $40 million program to support small and medium-sized enterprises (SMEs) in Alberta to develop ...

Read More

Canada Welcomes Women Immigrant Entrepreneurs!

Canada celebrates Women's History Month in October, honouring the women and girls of our past and present who are shaping a better, more equitable nation. Throughout October, Canada ...

Read More

Advice For Canadian Digital Nomads from Calgary Immigration Lawyer Evelyn Ackah

Canadian digital nomads discuss the best destinations they’ve set up as remote workers during the past year, and Calgary immigration lawyer Evelyn Ackah discusses visas, taxes, ...

Read More

Foreign and Non Resident Business Incorporation Services

Recent changes to Canada's director residency requirements make it easier for international businesses to expand into Canada, and create jobs for Canadians. Canada is a popular ...

Read More

Highly Informative

M.G.

View All Testimonials