Start-Up Visa (SUV)
What is the Canada Start-Up Program?
The Canada start-up visa (SUV) is a program that allows immigrant entrepreneurs to apply for permanent residence in Canada if they have a qualifying business and the support of a designated organization. Some of the benefits of the program are:
- Innovation: The program targets businesses that are innovative and can compete on a global scale.
- Job creation: The program aims to create jobs for Canadians by supporting businesses that can grow and expand.
- Work permit: The program offers a work permit option for applicants who want to work in Canada while they wait for their permanent residence application to be processed.
- Ease of language and settlement: The program has low language requirements and does not require a minimum investment or net worth from the applicants. The applicants also need to bring enough money to settle in Canada.
WHY SUV?
Benefits of SUV Program
Innovation
The program targets businesses that are innovative and can compete on a global scale.
Job creation
The program aims to create jobs for Canadians by supporting businesses that can grow and expand.
Work permit
The program offers a work permit option for applicants who want to work in Canada while they wait for their permanent residence application to be processed.
Language and settlement
The program has low language requirements and does not require a minimum investment or net worth from the applicants. The applicants also need to bring enough money to settle in Canada.
Why Canada SUV Program?
- The SUV program has been launched by IRCC since 2013 and the federal business quota has been doubled to 6,000 by 2025.
- Direct federal permanent residence – enjoy all social benefits; live, work and study anywhere in Canada.
- Optional work permit allows the main applicant, spouse and all dependent children to work, live and study in Canada.
- No points test, no age limit, and no basic qualification required for the main applicant.
- Any applicant with an innovative business idea and is committed to owning and managing the SUV business either by solo or team (up of 5 members).
- Permanent residence will not be affected even if the SUV business fails.
