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Benefits of the Canada Start-up Visa Program

January 5, 2024
By Meet Trivedi

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Canada’s Start-Up Visa (SUV) program allows international entrepreneurs to obtain permanent residency here in Canada through business immigration. It caters to owners of innovative startups or established foreign companies, offering them the opportunity to permanently relocate to Canada with a maximum of five founding partners if they meet the requirements for the program.

The Start-Up Visa (SUV) program in Canada offers several benefits compared to other immigration programs:

Direct Path to Permanent Residence: The SUV program provides a direct pathway to permanent residence in Canada, which is a significant advantage compared to other programs that may offer only temporary status.

Open to All Nationalities: The program is open to entrepreneurs of all nationalities, providing an opportunity for a diverse range of individuals to immigrate to Canada who might not qualify for other pathways.

No Limitations on Business Activities: Unlike some other programs, the SUV program does not impose limitations on the type of business activities that can be pursued in Canada, offering greater flexibility to entrepreneurs.

No Job Offer Required: Unlike some immigration pathways that require a job offer from a Canadian employer, the Start-Up Visa program does not have this requirement. This can make it more accessible to individuals who want to start their own business in Canada

Partnership Opportunities: The SUV program allows for a partnership of up to 5 individuals in the same start-up, with a minimum ownership requirement of 10% for each partner.

High Success Rate: The program has a general success rate of above 75%, making it a favorable option for many entrepreneurs.

Are you an entrepreneur looking to expand your business in Canada and need expert guidance to make it happen? 

Spring is here to help! Spring (Spring Activator) is an IRCC-designated business incubator with over 6 years of experience. Spring’s Impact Startup Program(ISV), a virtual cohort-based program, is a designated partner of the Canadian Government’s Start-Up Visa Program. Spring has helped over 300 immigrant entrepreneurs by providing them with invaluable business guidance and immigration support.

Spring’s Impact Startup Visa Program (ISV) helps immigrant entrepreneurs with businesses that create a positive social or environmental impact:

The program provides the following benefits:

Watch highlights of our recent Info Session where we focused on the Canadian Start-up Visa Program and addressed the most commonly asked questions about Spring’s Impact Startup Visa program. 

Want to know more? Get our ISV Entrepreneur Kit with the answers to all of your questions. If you’re interested in joining the next cohort, click here.

For more information or any other questions, feel free to email us at help@spring.is