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Residency by investment
Canada
Residency by investment
Canada
Ever dreamt of moving to Canada but thought it was out of reach? Think again. Canada's Start-Up Visa is your ticket to residency in one of the world's most desirable countries. As an entrepreneur with a great business idea, Canada wants you.
CANADA START UP VISA (SUV)
AN OVERVIEW
Canada’s Start-Up Visa is a path of gaining residency in one of the world’s most desirable country. Established in 2013, program grants you permanent residency, which allows to live, work and study anywhere in Canada. You will also have access to universal healthcare and your children can attend school for free.
If you have got an innovative business concept and want to launch it on a global scale, Canada’s Start-Up Visa is your chance to expand your business in a country that ranks #1 for quality of life and business friendliness. The opportunity is real and within your grasp.
Are you ready to take your start-up to the next level in Canada?
To qualify, for Canada’s start up visa, you need to have a great business idea, get support from a designated organization, and meet the program’s requirements. In exchange, you and your family are given the opportunity to establish new roots and gain access to Canada’s business network. The minimum investment required is CAD$ 250,000.
The processing time for Canada’s start up Visa is 18-24 months approximately.
Benifits of
Canadian Start-up Visa
The Canada’s start up Visa program offers some appealing benefits that make it an attractive option for investors seeking residency in Canada.
Pathway to Citizenship
After 3 years as a permanent resident, you can apply for Canadian citizenship. Becoming a citizen allows you to vote, run for office and get a Canadian passport.
Access to Universal Healthcare
As a permanent inhabitant, you will enjoy Canada’s universal healthcare system. No need to worry about expensive premiums, or surprise medical bills.
Thriving Economy
Canada has a highly developed market economy based on sectors like energy, forestry, and banking. The job market is strong with low unemployment. As an entrepreneur, you will have opportunities to grow your business.
Safe and Welcoming
Canada is an open, tolerant and secure society. As an immigrant, you will find Canadians to be warm, polite and welcoming. Canada values diversity and multiculturalism.
Program
Requirements
To qualify for the Start-Up Visa program, you will need to meet several requirements.
Raise CAD$200,000 from a venture capital fund, depending on a certain stage of business.
Acquire a 10% ownership stake in an emerging Canadian start-up. Applicant and the designated organization jointly hold more than 50% of voting rights. Moreover, this investment package extends beyond a single venture, allowing for additional investments in various other promising start-ups.
To receive permanent residence, applicant must be actively involved in the management of business within Canada. The business must be incorporated in Canada and operation of business must take place in Canada.
Raise CAD$75,000 from an angle investment group, depending on a certain stage of business.
Acquire a 10% ownership stake in an emerging Canadian start-up. Applicant and the designated organization jointly hold more than 50% of voting rights. Moreover, this investment package extends beyond a single venture, allowing for additional investments in various other promising start-ups.
To receive permanent residence, applicant must be actively involved in the management of business within Canada. The business must be incorporated in Canada and operation of business must take place in Canada.
No minimum investment required by business incubators.
Acquire a 10% ownership stake in an emerging Canadian start-up. Applicant and the designated organization jointly hold more than 50% of voting rights. Moreover, this investment package extends beyond a single venture, allowing for additional investments in various other promising start-ups.
To receive permanent residence, applicant must be actively involved in the management of business within Canada. The business must be incorporated in Canada and operation of business must take place in Canada.
Letter of Support
A letter of support is given to the applicant by the designated venture capital fund, business incubator or angle investment group. It is proof that they will support applicant’s business idea.
Language Requirements
If you are not from an English or French speaking country, you will need to take a language test to prove you can function in one of Canada’s official languages. The required scores are CLB 5 for English and NCLC 5 for French.
Proof of funds
The candidate must show sufficient money to support himself and his dependents while arriving in Canada. The amount needed depends on the size of your family.
Who Can Get
Canadian Residency
The Canada’s start up visa program allows the primary applicant, their spouse and dependent children to obtain residency.
As the primary applicant, you must be at least 18 years of age and meet the eligibility criteria to apply for the Start-Up Visa. This includes having a qualifying business and securing a commitment from a designated Canadian venture capital fund, angel investor group, or business incubator. You must possess a clean criminal record and must be medically sound.
Your spouse or common-law partner can be included on your Start-Up Visa application. They do not need to meet the eligibility criteria for the program but must provide proof of relationship such as a marriage certificate. If the application is approved, your spouse will receive the same length of residency as you, allowing them to live, work, and study in Canada.
Any dependent children under the age of 22 can also be included on a Start-Up Visa application if they are unmarried and have cleared the medical examination. They do not need to meet any eligibility criteria to be approved for residency. Dependent children will receive the same length of residency as you, allowing them to live, work, and study in Canada. Children over the age of 22 will need to apply through a separate program to obtain residency.
Application Process
The application process for the Start-Up Visa (SUV) program typically takes 24-30 months to complete. Here’s what you can expect:
MONTHS 1-24
Client's onboarding and obtaining startup visa
Client onboarding at Caribbean Islands Immigration Services starts with Form 1 to conduct the initial evaluation. After a successful screening, we'll send you a Client Agreement (CA) for your review and signature.
Once we receive the duly signed agreement and the required retainer payment, the legal team at Caribbean Islands Immigration services will guide you through the completion of the client business concept requirement. In collaboration with the Canadian Government Designated Organization (DO), we will pair you with the founder of the start-up and two to three other applicants. This step also entails obtaining a letter of support from a designated organization.
To proceed further, it is necessary to make the primary investment. Rest assured, we will act as the intermediary, maintaining communication with Immigration, Refugees and Citizenship Canada (IRCC) on your behalf.
Throughout the process, you will receive complete assistance in preparing files and completion of necessary documentation. Moreover, we will facilitate your medical and security verification procedures to ensure a smooth progression.
Upon arrival in Canada, you will be issued a Permanent Resident (PR) card and complete the necessary steps to finalize the agreement and make the initial payment. The Designated Organization (DO) will then match you with the founder and two to three other applicants, requiring you to fulfill the primary investment.
YEARS 1-5
Maintain your PR status under the SUV
To uphold your status as a Permanent Resident through the Canadian Start-Up Visa program, it is crucial to fulfill the residency requirement of spending a minimum of 730 days (two years) within a span of five years while residing in Canada. Failing to meet this requirement can have severe consequences, including the potential loss of your PR status and potential limitations on your ability to work, live, and travel within Canada.
To safeguard your PR status, it is advisable to carefully plan your stay in Canada, taking into account the required number of days of residency. Additionally, seeking professional advice from immigration experts can greatly assist you in understanding and navigating the intricacies of the Canadian immigration system. Their expertise can help ensure that you remain in compliance with the necessary requirements and continue enjoying the privileges and benefits of being a Permanent Resident in Canada.
By proactively managing your residency and seeking appropriate guidance, you can confidently pursue your entrepreneurial aspirations in Canada, knowing that you have taken the necessary steps to maintain your PR status and seize the opportunities that come with it.
YEARS 1-5
Access a route to citizenship
If you and your family members meet certain criteria, you can qualify for Canadian citizenship through the Canadian Start-Up Visa program. To be suitable, you must have lived in Canada for at least three out of the past five years (equivalent to 1,095 days) and have no criminal record.
The Canadian Government offers a transparent and easy-to-follow procedure for eligible candidates, making it an appealing prospect for individuals seeking to gain a permanent residence in Canada.
Frequently Asked
Questions
The application process for the Start-Up Visa typically takes 18 to 24 months. The exact time will depend on several factors, including:
- How quickly you can secure a commitment from a designated organization. Some may review applications more quickly than others.
- How fast you can submit all the required documents, forms, and fees. The more prepared and organized you are, the faster the process will move.
No, a job offer is not required for the Start-Up Visa. This program is aimed at innovative entrepreneurs who want to launch a new business in Canada. You will need to secure a commitment from a designated organization to support your business idea.
Yes, your spouse or common-law partner and dependent children can accompany you to Canada under the Start-Up Visa program. They will be granted the same status and duration as the principal applicant. Your family members will need to meet certain eligibility criteria, including:
- Proving their relationship to you (the principal applicant)
- Undergoing medical examinations
- Providing police certificates for anyone 18 years of age or older
The designated organizations (DOs) are private sector organizations designated by IRCC to provide recommendations and endorsements for Start-Up Visa applicants. They include:
- Business incubators
- Angel investor groups
- Venture capital funds
To apply for permanent residence through the Start-Up Visa program, you must obtain a letter of support from one of these designated organizations indicating that they are interested in working with you to establish your business in Canada.
Canadian residents pay taxes on worldwide income, including federal and provincial taxes, while non-residents are taxed on Canadian-sourced income and gains from taxable Canadian property.
Residency for tax purposes is determined by residing or being ordinarily present in Canada, with non-residents potentially becoming residents after spending at least 183 days in the country. Provincial income tax rates are separate from federal rates and capital gains taxes are reduced by 50 percent after accounting for allowable capital losses.
Book Your Free Consultation
Why our clients count on us?
Caribbean Islands Immigration Services provides a full range of Citizenship & Residency program based on investment from basic advice and consultation to application document checking and full representation – all at competitive rates.
We operate in complete transparency and provide tailored solutions, based on our client’s needs, while always being fully compliant with Government rules and regulations.
Speak to our consultant and start your journey today
- 2013 Canadian SUV programme began
- CAD$250,000 minimum requirement
- 18-24 months processing time