The Start-up Visa (SUV) process in Canada
The Start-up Visa (SUV) is one of the only two federal business immigration options to Canada. The other option, Federal Self-employed Class (SE2), covers cultural activities and athletics only. However, SUV is for all business groups. Let’s explore the Start-up Visa process in Canada.
If you have an innovative idea that could contribute to the Canadian economy, the SUV could be an option. However, you have to run your idea with a designated organization first. If the organization supports your vision, you may pursue immigration to Canada. Moreover, you could even receive a work permit in Canada while waiting for permanent residence. Don’t get excited, though! Considering the competition and limited annual targets, this is one of the most challenging and expensive immigration options. Therefore, expect many twists and turns and unwanted expenses.
The following list shows a typical Start-up Visa process. However, the exact steps could be different from one application to the other.
- Come up with an innovative business idea.
- Get help from a professional team to perfect your business plan and approach a designated organization. Of course, you may need to register your corporation in Canada and transfer funds during this process. Most applicants need to visit Canada before receiving a letter of support.
- Pitch your idea to one or more designated organizations.
- Sign the necessary agreements and eventually get a commitment certificate and a letter of support from a designated organization.
- Initiate the immigration application.
- Apply for a work permit. Of course, you must be an essential candidate. If you receive the work permit, you may initiate your business even before becoming a permanent resident of Canada.
- If you meet the requirements of this application method and if you are not inadmissible to Canada, you could become a permanent resident of Canada.
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This article provides information of a general nature only. Considering the fluid nature of the immigration world, it may no longer be current. Of course, the item does not give legal advice. Therefore, do not rely on it as legal advice or immigration advice. Consequently, no one could hold us accountable for the content of these articles. Of course, if you have specific legal questions, you must consult a lawyer. Alternatively, if you are looking for immigration advice, book an appointment.
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