Canada Start-up Visa By RESIDENCY BY INVESTMENT
About Canada
As one of the world’s most resilient and top-performing economies, Canada represents a premier market for global business expansion. The Canada Start-up Visa (SUV) Program bridges the gap between visionary entrepreneurs and Government Designated Organizations (DOs), providing the strategic support needed to launch innovative ventures.
Distinct from other immigration pathways, this program grants Permanent Residency (PR) from day one, ensuring your status remains secure regardless of the business’s eventual outcome. Furthermore, the SUV allows for a passive investment approach where day-to-day operations are not required, while a 10-year Angel Group membership offers exclusive access to elite networking and professional growth opportunities.
Who Can Get Canada Residency
- Firstly, over 18 years old
- Secondly, own a qualifying business
- Also, gain security clearance
- Lastly, pass the medical examination
- First, over 18 years old
- Second, gain security clearance
- Lastly, pass the medical examination
- One, under 22 years old
- Two, unmarried as well
- Three, also pass the medical and security examinations
Programme Requirements
To qualify for the Canada Start-up Visa (SUV) Program, you must fulfil ONE of the following investment options AND meet other requirements:
OPTION 1. Invest in a Venture Capital Fund
Invest C$325,000 in a Canadian Venture Capital Fund. This investment package includes a 10% shareholding in a new Canadian start-up and additional investments in other start-ups. It also covers initial due diligence, onboarding, corporate legal, professional, advisory, membership, and incubation fees.
OPTION 2. Become an Accredited Investor
Invest C$275,000 in an Angel Investors Group. This investment package offers a 10% shareholding in a new Canadian start-up and additional investments in other start-ups. It also includes initial due diligence, onboarding, corporate legal, professional, advisory, membership, and incubation fees.
OPTION 3. Invest in an Angel Investors Group
Make a C$275,000 investment in an Angel Investors Group. The package comprises a 10% shareholding in a new Canadian start-up and additional investments in other start-ups. It also covers initial due diligence, onboarding, corporate legal, professional, advisory, membership, and incubation fees.
Other Requirements and Benefits
As a Canada SUV Program applicant, you must demonstrate fluency in English or French to Canadian Language Benchmark (CLB) 5. Morever, you must demonstrate your net worth and bring enough money to settle. For instance, if you’re moving to Canada alone, you must have disposable funds of C$13,310. This business immigration increases for investors and their families, to C$24,733 for a family of 4, take note. If you’re looking to raise a family, however, Canada is one of the safest countries in which to do so.
Application Process
Months 1-4
Canada Start-up Visa onboarding process and application filing
We commence this Canada investor visa process with, naturally enough, Form 1. This carries out the initial RIF due diligence, looking to see if you have management experience, for example. Following this screening, then we provide you with a Client Agreement (CA) to review and sign.
Upon receiving the signed agreement and retainer payment, next our processing team helps you complete the client business concept requirement.
After this, the Canadian Government Designated Organization (DO) pairs you with the founder and 2 to 3 other applicants. This includes obtaining a letter of support from an Angel Group.
The next step you will need to take is to pay the primary investment. Rest assured that we will liaise with Immigration, Refugees and Citizenship Canada (IRCC) on your behalf.
In addition, you will receive assistance with preparing files and collecting documentation. We will also help you undergo medical and security verification.
Once you land in Canada, you will receive a Permanent Resident (PR) card and also finalize the agreement and initial payment. Plus, the Designated Organization (DO) will pair you with the founder and two to three other applicants. Furthermore, you will need to pay the primary investment.
Months 1-24
Maintain your PR status under the SUV
As a Permanent Resident under the Canadian Start-up Visa Program, it’s essential to maintain your status by residing in Canada for at least 730 days (2 years) within a 5-year period. So, failure to do so may result in losing your PR status and impact your ability to work, live, and travel in Canada.
However, there are provisions and exceptions for maintaining PR status if you cannot meet the residency requirement due to work or family obligations.
To ensure you maintain your PR status, it’s advisable to plan your stay in Canada carefully and seek professional advice if you need assistance negotiating the requirements of the Canadian immigration system. By doing so, you can enjoy the benefits of being a Permanent Resident in Canada and continue to pursue your entrepreneurial goals with peace of mind.
Month 36
Access a route to citizenship
You and your family members are eligible for Canadian citizenship under the Canadian Start-up Visa Program if you meet specific requirements. These include residing in Canada for at least 3 out of the preceding 5 years (1,095 days) and, furthermore, having a clean criminal record.
Contact Us if You Are Looking for a Visa Application
Need a consultation? Call us today +92 300 833 0167 or email us: info@riftrustglobal.com