Eligibility Criteria: The Start-Up Visa program is open to entrepreneurs who have a viable business idea and have secured a commitment from a designated Canadian venture capital fund, angel investor group, or business incubator.

Designated Organizations: To apply for the Start-Up Visa, entrepreneurs must first secure support and investment from a designated organization in Canada. These designated organizations include venture capital funds, angel investor groups, and business incubators that are approved by the Canadian government.

Business Requirements: Entrepreneurs must have a qualifying business that is innovative, scalable, and has the potential to create jobs for Canadians. The business must be incorporated and operating in Canada.

Language Proficiency: Applicants are required to demonstrate proficiency in English or French through standardized language tests. Adequate language skills are crucial for successful integration into the Canadian business environment.

Settlement Funds: While entrepreneurs are not required to meet minimum financial requirements, they must have sufficient funds to settle in Canada. This ensures that they can support themselves and their dependents while establishing their business.

Application Process: The application process for the Start-Up Visa involves a two-step procedure. First, entrepreneurs secure a commitment and investment from a designated organization. Once secured, they can apply for permanent residence through the Start-Up Visa program.

Permanent Residency: Successful applicants and their immediate family members are granted permanent residency in Canada. This allows them to live, work, and conduct business in the country.

Business Performance Monitoring: After obtaining permanent residency, entrepreneurs are expected to actively manage their business in Canada. The government monitors the ongoing performance of the business to ensure it meets the criteria set forth in the Start-Up Visa program.