What are the requirements for immigration?
24-hour toll-free consultation hotline: 18610713072 (CHINA)
Start Up Visa - Innovative Entrepreneur Program
The Canadian Innovative Entrepreneur Immigration Program (SUV) was a pilot project launched by Canada on April 1, 2013, initially set for a duration of five years. By April 17, 2018, it was officially listed as an immigration program by the Canadian Immigration authorities. The aim of the program is to attract foreign entrepreneurs with innovative spirits to contribute to the economic and industrial development of Canada and create job opportunities. Applicants are required to have innovative ideas and secure a support letter from a government-designated incubator (Incubator). Upon obtaining permanent residency (PR) status, applicants must demonstrate ongoing active involvement in the management of a Canadian company.
Applicants in Canada must own a qualifying business, meaning the applicant and the designated institution jointly hold more than 50% of the company's shares. The applicant must submit their business plan and related documents to government-designated venture capital funds, angel investors, or incubator institutions, and convince them of the commercial value of their business ideas to obtain a support letter. Different institutions have various requirements, and there are currently about 30 officially designated incubators. This program is a popular entrepreneurial immigration project with limited quotas and rare opportunities.
Application conditions
Supports 3-5 families to start a business together.
Rapid acquisition of the Maple Leaf Card (Canadian Permanent Resident status).
Quick immigration process.
No restrictions on the city of entrepreneurship and residence.
Low language requirements (suitable for clients who cannot meet the requirements of the LMIA Owner Operator and C11 programs).
Simple documentation (ideal for busy business owners, those unwilling to prepare complex materials, lacking personal income tax or social security records, unable to explain the source of funds, and for shareholders, managers, executives, and entrepreneurs of small-scale companies).
Approval focus
Applicants must have at least 2 years of business management experience (either as an executive or a shareholder).
Family net assets must include at least CAD 100,000 in liquid assets.
A minimum investment of CAD 300,000 is recommended (for establishing a business).
Must achieve a Canadian Language Benchmark (CLB) of 5 or higher, with each section of IELTS (Listening, Speaking, Reading, Writing) scoring at least 4.
No educational requirements.
Application Steps
Applicant condition assessment and business plan formulation.
Apply for a support letter from Canadian incubators.
Pass the review and interview to obtain a support letter.
Submit work permit and permanent residence applications.
The whole family obtains permanent residency.