High standard of living
Canada is the world’s second largest country in total area, with exquisite physical geography and multi-cultural, tolerant, and vibrant cities.
The Canada Start-Up Visa (SUV) Program allows foreign entrepreneurs the opportunity to create an innovative business in Canada and apply for permanent residence. Wealthy individuals who invest in Quebec through the Quebec Investor Immigration Program (QIIP), on the other hand, are granted a work permit to Quebec and can apply for permanent residence across Canada after one year of holding the Quebec work permit.
Innovative start-up business (SUV)
Minimum of CAD 1.2 million (QIIP)
12–37 months (SUV)
Approximately 12 months for initial work permit, and an additional 12 months for permanent residence permit (QIIP)
Eligibility for citizenship after three years (or 1,095 days) of physical presence out of a five-year period
High standard of living
Affordable, high-quality education and healthcare
Family included in the application
Multicultural, tolerant, and vibrant cities
Excellent place to do business, with access to the entire North American market
Minimal application requirements, with no age restriction, no net worth, and no higher education needed
To obtain permanent residence in Canada, foreign entrepreneurs must propose an innovative, scaling start-up business, approved by a designated organization.
Choose one of following options:
Business incubation: No minimum investment required
Angel investment: Raise CAD 75,000 from an angel investment group, depending on a certain stage of the business
Venture capital fund: Raise CAD 200,000 from a venture capital fund, depending on a certain stage of the business
For all three options, additional fees apply for optional consulting, government fees, business structure, document processing, and immigration filing.
Investors are also required to:
Have English or French language proficiency at the CLB/IELTS 5 level
Be in good health
Have no criminal record
To obtain an initial work permit in Quebec (leading to permanent residence), applicants must fulfill both of the following investments:
Five-year interest-free investment of CAD 1 million, guaranteed by the Government of Quebec
Non-refundable contribution of CAD 200,000 to Investissement Québec
Investors are also required to:
Have at least two years’ management experience, which must be acquired within the five years preceding submission of their application
Have a net worth of at least CAD 2 million
Have a qualification equivalent to a secondary school diploma in Quebec
Be proficient in spoken French
(at least level 7)
Under the Start-Up Visa Program, clients are required to prepare and submit a business proposal, which needs to be approved by a designated government business organization. Once approved by a business incubator, an angel investment group, or a venture capital fund (depending on the investment option chosen), the client receives a letter of support, allowing them and their family to apply for permanent residence. The process takes 12 to 37 months.
Under the Quebec Investor Immigration Program, the client’s application will be processed by the Quebec Government and the investment can be made after approval is granted. A minimum stay of at least 12 months within two years following issuance of the work permit is required. At least six months of the stay must be completed by the main applicant and the remaining six months can be completed by the main applicant or their spouse. The process takes approximately 12 months to obtain the initial work permit and an additional 12 months for the permanent residence permit.
In order to maintain permanent resident status, physical presence for two out of five years (or 730 days) in Canada is required.
After three years (or 1,095 days) of permanent residence in Canada within a five-year period, successful applicants can apply for citizenship.
The Canadian passport holds one of the top 10 ranks on the our Passport Index, with visa-free or visa-on arrival access to over 180 destinations worldwide.
To Know More About Leading Residence and Citizenship by Investment Programs
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