Who is eligible for the Start-Up Visa Program?

Eligibility for the Start-Up Visa Program requires: A qualifying business idea supported by a designated Canadian venture capital fund, angel investor group, or business incubator. A commitment from one of these designated organizations to support and invest in the business. Sufficient proficiency in English or French. The ability to support oneself and any dependents.

How do I apply for the Start-Up Visa Program?

The application process involves several steps: Secure a commitment from a designated organization in Canada to support your business idea. Complete the application forms accurately and submit the required documents. Meet health and security requirements.

Is there a starting capital need to be eligible for the Start-Up Visa Programme?

The government hasn't established a minimum investment requirement. Nonetheless, candidates need to obtain an endorsement from an approved Canadian institution, usually entailing a monetary contribution or backing for the enterprise concept.

Is it possible for my family to travel with me on a Start-Up Visa?

Indeed, individuals who are granted permanent residency under the Start-Up Visa Programme may include their dependent children and immediate family members, such as spouses or common-law partners, in their application.

What advantages does the Start-Up Visa Programme offer?

Through the programme, one can access Canadian markets and resources, establish and grow a business in a supportive atmosphere, and possibly even become a permanent resident of Canada.

How much time does it take to review an application for a start-up visa?

Applications for Start-Up Visas might take a variety of dates to process, but usually several months. A few examples of the variables that may impact the time include the number of applications received and the thoroughness of the application.

Startup Visa Case Study: Kunal’s Hospitality Innovation

In the competitive Canadian immigration system, the Startup Visa (SUV) program offers a direct pathway for visionary entrepreneurs seeking permanent residency in Canada. Kunal, an entrepreneur from India, started his entrepreneurial journey with a vision to enhance the hospitality industry through innovative technological solutions. Kunal’s entrepreneurial journey, supported by ELAAR Immigration, has the potential to lead to permanent residency through the Start-Up Visa Program.

In March 2020, Kunal took the first step toward his Canadian aspirations by obtaining a Letter of Support from a designated organization as part of the Startup Visa program. With expert guidance from ELAAR, he confidently navigated the complex application process, benefiting from Canada’s strong support for startups in diverse industries.

Through strategic collaborations with incubators and accelerators, ELAAR facilitated valuable connections for Kunal, enabling access to resources and expertise essential for scaling his HospitalityTech startup.

Kunal submitted his Permanent Residency (PR) application to Immigration, Refugees, and Citizenship Canada (IRCC) in June 2020. Team ELAAR paid attention to detail, ensuring Kunal’s application highlighted his innovative vision and business skills. This strategic approach positioned him well in a competitive environment.

As Kunal awaited PR approval, ELAAR expedited the process of obtaining work permits for him and his co-founders, ensuring swift entry into the Canadian ecosystem. Leveraging ELAAR’s network, Kunal’s spouse obtained an open work permit, granting flexibility to explore professional opportunities in Canada.

Kunal’s two children, aged 13 and 16, also obtained study permits. Canada allows children under 22 to apply for study permits, enabling them to pursue education at prestigious Canadian institutions. This holistic approach to immigration ensures that Kunal and his family can seamlessly integrate into Canadian society.

In September 2020, Kunal received his Pre-Arrival Letters. With ELAAR’s ongoing support, he navigated the final stages of the process, culminating in the issuance of PR visas for his family in December 2022.

Kunal’s HospitalityTech startup is set to revolutionize Canada’s hospitality industry in 2023. With ongoing support from ELAAR, he’s positioned to drive innovation and contribute to the nation’s economic growth. Kunal’s success story showcases the transformative impact of the SUV program and the crucial role of expert immigration guidance for entrepreneurial aspirations in Canada.