CANADA START-UP VISA (SUV) PROGRAM
CANADA START-UP VISA (SUV) PROGRAM
The Startup Visa Canada (SUV) program is a federal residency program that officially launched in 2018. Unlike provincial programs, applicants are entitled to apply directly for Permanent Residency (processed within 12-16 months) without having to go through provincial approval.
With the advantage of being one of the world’s leading and most stable economies, the Canadian Immigration Department hopes that the StartUp – StartUp Visa Canada residency program will create a second “Silicon Valley” in North America for Canada.
Investor benefits
Direct Permanent Residency
The whole family gets Permanent Residency after 12-18 months, without needing provincial nomination
Freedom to live and work in Canada
When having Permanent Residency, the whole family is free to live anywhere in Canada
Enjoy social benefits
The entire investor’s family will enjoy social benefits, education
Opportunity to naturalize Canada
When eligible, the whole family has the opportunity to naturalize and get a Canadian passport
Program Eligibility
Applicant requirement
Businessman/senior manager with management experience capable of developing Start-up
Language
English or French equivalent to Level CLB 5.0
Letter of Support
Have innovative start-up idea and receive Letter of Support (LOS) from one of Canada's designated organizations.
Process
Evaluate the application and sign a contract with JA & PARTNERS
Sign agreement with JA & Partners
Receive Letter of Support
Submit Work Permit and Permanent Residence applications
Receive Work Permit and arrive in Canada
Receive Permanent Residence
FREQUENTLY ASKED QUESTIONS ABOUT STARTUP VISA CANADA
01Can I participate in the Startup Visa Canada (SUV) program while living in Vietnam?
The answer is YES. Applicants can make investments from Vietnam and can stay in Vietnam for at least 16 months before being granted a visa (including 4 months waiting for an interview and 12 months waiting for a visa).
02Do I have to prove my financial status when participating in the Startup Visa Canada program?
You only need to prove a certain amount of money to stabilize your life at first, according to the regulations of the Canadian government, depending on the number of family members, about 25,000 CAD for a family of 4 people.
However, the Canadian Investment Fund requires customers to prove financial capacity through a total net asset of 500,000 – 750,000 CAD. Assets can be named after the husband/wife or both and do not need to prove the source.
03Do I need to prove business ownership when participating in the Startup Visa Canada program?
No, applicants do not need to own a business or provide capital source information to register for the program. However, owning a business or having management experience is a plus.
04Do I need a health check and criminal record certificate to participate in the program?
Yes. Applicants need to prove that they meet health requirements, have no security or criminal issues.
05Is there a language test to apply for a startup visa?
Yes. You need to prove that you have achieved CLB 5 (Canadian Language Benchmark) listening, speaking, reading, writing skills. This includes your language test results along with the application forms.
06Can children go to Canada to study?
Investor’s children under 22 years old who are still single (at the time of application to IRCC) will be accompanied by their parents.
07Can the applicant work freely in Canada?
After obtaining PR, all family members (including the applicant) can freely work and study in Canada.
08What is the investment process of the Startup Visa Canada program?
First, JA & Partners and JA & Partners’ exclusive partner will develop a business plan and prepare necessary information for the interview with the designated organization to persuade them to support the applicant’s startup company.
When a designated organization decides to support your business, they will send the Canadian government a commitment certificate and provide you with a support letter. Then the application is processed and the permanent visa is granted within 12 months. After obtaining permanent residency, the investor and family can immigrate to Canada.
09If I don’t have an idea or the idea is not suitable, what should I do?
JA & Partners and Canadian partners will assist Investors in developing ideas and business plans based on the experience and field that Investors understand, ensuring to meet the requirements of the program and receive a Letter of Support
10If I immigrate to Canada through the Startup Visa Canada program, what happens if my business is not effective?
The permanent resident visa does not depend on the performance of the business operation. If the startup business fails, it also does not affect the permanent resident status of the investor.
11How do I get support from a designated organization?
The first step is to contact some designated organizations. The main criterion is to be able to convince them that your idea and business will be successful. Some organizations may require you to submit a detailed business plan. If they agree to support, they will send you a letter to verify their support. This support letter is very important when the authorities review your application. Designated organizations can be:
- Venture Capital Fund
- Angel Investors
- Business Incubator
12Who evaluates startup visa applications?
The first agency to consider the investor’s application is the organization that you have requested support. If you manage to get a support letter from this organization, your application will be reviewed by the Immigration, Refugees and Citizenship Canada. Note that your application may also have to follow an independent peer review process. This process is carried out to ensure that your activities are legal and the standards of the designated organization are compatible with the rest of the industry.
13How much money do I need for living expenses when I come to Canada?
This amount varies depending on the number of family members who will join you. Sometimes, designated organizations provide additional money for living expenses. But the important thing is that you are not allowed to use investment money for your living expenses.
14Can I settle in Canada with a group of entrepreneurs?
Yes, you can. If you are a group of entrepreneurs with a maximum of 5 people, you can register as the owner of a business. When the designated organization reviews your application, they will check which member in the group is essential and who is not. If you register as a group, note that an essential person is very important. The designated organization will not support you if an essential person is missing. Note that if an essential person’s application is rejected, all related applications will also be rejected
Why JA & Partners ?
JA & Partners was founded by immigration industry experts, with a combine of more than 30+ years of experience. Our team has consistently thrived for transparency, commitment and excellence in our services.
JA & Partners has helped more than 1,000 families obtain second citizenship and residency in United States, Australia, Canada, Europe, and the Caribbean, with a 100% success rate.
12+
Years of experience and excellence
100%
Approval rate
40+
Trusted industry partners
1000+
Successful applications
