Canada Startup Visa 2022 – Startup Visa Program in Canada

2022 is the target year for Ottawa to hit its goal of 411,000 new permanent residents. Part of this number will be driven by the Canada Start-Up Visa Program. This program offers both the flexibility to start a wide variety of businesses and the opportunity to gain permanent residency in Canada for foreign nationals.

If you’re looking to start a business, or want to immigrate to Canada, then this program is for you! We’ll take a look at what’s involved in the program and how you can apply.

2022 Start-Up Visa Canada  Requirements

Canada’s 2022 Start-Up Visa program is aimed at immigrant entrepreneurs with skills and talents who are looking to build a business in Canada. This entrepreneur startup visa program in Canada is available to eligible entrepreneurs. These entrepreneurs seeking the Canadian startup visa program must possess the skills and potential to create a business in Canada that is:

• innovative
• creates jobs for Canadians
• competes on a global scale

In addition, applicants to the 2022 Start-Up Business program must meet these eligibility requirements:

• Have a qualifying business
• Obtain a Commitment of Certificate or Letter of Support from a designated organization
• Have a sufficient, available, and transferable settlement
• Meet the language requirements

The Canada Start-Up Visa program is offered to immigrants wanting to live in any province in Canada, with the exception of Quebec. The Province of Quebec is in charge of its own business immigration program. You can visit Quebec’s immigration website to learn more.

2022 Start-Up Visa Canada Application Process (Startup Visa Guide)

Step 1: Create A Business Plan (1-2 months)

Applying to the 2022 Start-Up Visa in Canada requires an innovative business idea. All applicants must have a qualified Business Plan that shows how their products or services will make a positive impact in Canada, and how their company is likely to succeed both nationally and globally.

Step 2: Acquire Letter Of Support (1-3  months)

you must convince the organization that you have a business idea that is worth supporting and apply for a Letter of Support from one or more 2022 Start-Up Visa Canada designated entities.

The letter must meet the following criteria:

• A designated angel investor group must confirm that it is investing at least $75,000 CAD into the qualifying business, or two or more commitments from designated angel investor groups totalling $75,000 CAD, or;
• A designated venture capital fund must confirm that it is investing at least $200,000 CAD into the qualifying business or two or more commitments from designated venture capital funds totaling $200,000 CAD, or;
• A designated business incubator must confirm that it is accepting the applicant into its business incubator Program.

Step 3: Permanent Resident Application (12-16 months)

This is the final stage of your application, where you apply for your Permanent Residency. You will need to submit the following documents:

• Resume (CV) of the candidate
• Letter of Support from a designated entity in Canada
• Birth Certificate
• Marriage Certificate (if married)
• Copy of Passport or Legal Travel Document
• Police Clearance Record from your country of origin and residence
• A recent Bank Statement covering at least six months
• Bank Reference Letter
• Language Test Results (IELTS CLB Level 5 or NCLC Level 5)
• Medical Examination from a certified health institution

All documents must be legally translated to English or French and notarized from the corresponding country. The immigration office may request additional documents if needed.

Fill out a Canadian Immigration Assessment Form today!