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Startup Visa Program Has Come To Stay!

Blog posted on by Evelyn Ackah

Startup Visa Program Has Come To Stay!

The Canadian Startup 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 Startup 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 Ackah

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 Ackah

Ackah Business Immigration Law has been instrumental in making a few very important projects come to life at Theatre Calgary. Without their expertise wisdom, guidance, and intelligence, we are not sure that our projects could have gone forth.

Thanks to their clear and quick leadership, Artists from America have travelled across borders effortlessly. As well, when we need assistance travelling our Canadian Artists we rely on Ackah Business Immigration Law . Through our repeated association, we know that this aspect of our complicated business is handled by an excellent team. Ackah Business Immigration Law has made our important projects come to life properly - and for that I will always be grateful.

– Dennis Garnhum, Artistic Director

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