Start-up Visa FYI

What is the Start-up Visa/Start-up Business Program?

Why has starting a business in Canada become so attractive? Considering the headlines, it is obvious that there are fewer barriers to enter Canada and start a business. The Canadian government has made it even easier for innovative companies to make Canada their home with a suite outstanding support. Moreover, this program is next best thing next to defunct immigrant investor program.

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Advantages

• <= 5 applicants with families can apply
• no upfront investment needed
• no education requirement
• low English requirement: i.e. >=CLB 5
• can stay in home country without working first in Canada
• no need for net worth verification

Government Fees

• application fee per applicant: $1575
• right to PR fee per applicant: $500
• spouse application fee with right to PR fee: $825
• work permit fee:  $155
• open work permit fee: $100
• employer compliance fee: $230
• study permit: $150

Timeline

See below↓. Note the cooperation from all stakeholders, including applicants can greatly expedite the process. 

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