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Start-Up Visa Canada

What is Start-Up Visa (SUV)

The Start-Up Visa (SUV) program is an initiative by the Government of Canada designed to attract innovative entrepreneurs from around the world to establish their start-up businesses in Canada. Launched in 2013, the Start-Up Visa program aims to fuel economic growth and job creation by leveraging the entrepreneurial talents of foreign nationals.

Start-Up Visa Requirements

  • Endorsement: Applicants must obtain a letter of support from a designated organization in Canada endorsing the viability and potential impact of their business venture. Designated organizations include venture capital funds, angel investor groups, and business incubators approved by the Government of Canada.
  • Language Proficiency: Applicants must demonstrate proficiency in English or French skill at CLB level 5.
  • Sufficient Settlement Funds: Applicants must demonstrate that they have sufficient funds to support themselves and their family members upon arrival in Canada. The amount of funds required depends on the number of family members accompanying the applicant.
  • Each foreign national must own at least 10% of the shares in the startup. Foreign nationals and their Designated Organization must jointly have more than 50% of the total shares (voting rights) in the start-up venture.
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Canada Startup Visa Success Stories

  1. Inster Co. Ltd. has made significant strides in enhancing its technological competitiveness in the field of Virtual Production (VP) and xR content through continuous research and development efforts. The company has successfully delivered multiple R&D projects in VP, which were funded by the Korean government.
    Now, Inster Canada will take on the primary role of executing Virtual Production R&D within the larger Inster organization, absorbing the R&D functions from Inster Korea. To spearhead this initiative, our CTO will lead the efforts to launch Inster VR Studio production by the Year 2026.

  2. TSP BioChem aims to provide innovative and sustainable solutions for the degradable packaging industry. TSP BioChem is committed to reducing the negative environmental impact of polystyrene foam, which is non-biodegradable and harmful to nature. By offering a biodegradable alternative, pursue to create a more sustainable future for both humans and nature. TSP BioChem was able to come to Canada as part of the Canada Startup Visa Program and quickly build their business up, becoming one of the leading players in the packaging industry.

Advantages of the SUV Program

  • A straightforward route to Canadian permanent residency.
  • Available to individuals of all nationalities.
  • No restrictions on the types of businesses that can be pursued in Canada.
  • No need to prove a specific net worth or undergo financial verification.
  • Allows for up to five individuals to partner together in the same start-up venture (each partner must hold a minimum ownership stake of 10%).
  • Provides the chance to move to Canada through a work permit while the application for permanent residency is being processed.
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