Canada Start-Up Visa program is accepting more and more entrepreneurs

Author: Admin | | Categories: Entrepreneur

Canada Start-Up Visa program

October saw a resurgence in immigrant entrepreneurship via the Canada Start-Up Visa program, with data suggesting 1,200 new permanent residents by year’s end. In October, 200 new permanent residents arrived via SUV, a 37.9% increase from September’s 145. This rise followed a 17.1% drop from August to September. 

The IRCC has significantly increased planned admissions for Start-Up Visa applicants, with numbers set to increase to 3,500, 5,000, 6,000, and 6,000 in 2023, 2024, 2025, and 2026, respectively. As of October, 1,000 new permanent residents arrived via SUV in 2021, setting the pace for possibly 1,200 by year’s end. This would be a 108.7% increase from the 575 new residents in 2020. Ontario and British Columbia are the most popular destinations for these entrepreneurs.

At the end of this year’s first ten months, the program welcomed 635 new permanent residents to Ontario, and 240 new immigrants had arrived in British Columbia.

In the first ten months of this year, Manitoba welcomed 95 immigrant entrepreneurs through the SUV, while Alberta had added 20 new permanent residents through the program by the end of October, signifying no change from the previous month.

Canada Start-up Visa Program

Entrepreneurs eyeing Canada’s Start-Up Visa program can anticipate a wealth of opportunities, with Canada’s commitment to innovation and economic development creating an environment ripe for success. The program not only facilitates permanent residency but also provides a launching pad for individuals to turn their groundbreaking ideas into thriving businesses. Canada’s Start-Up Visa program stands as a beacon for immigrant entrepreneurs, offering a pathway to permanent residency and the chance to contribute to one of the world’s most dynamic and inclusive economies

The start-up visa program may make it possible for entrepreneurs to immigrate to Canada. Canada is on a search for bright entrepreneurs who are eager to start businesses that will boost its economy and offer job opportunities to its citizens. The Start-up Visa Program in Canada encourages immigrant business owners who have the skills and ability to start successful businesses in Canada:

  • are innovative
  • can create jobs for Canadians
  • can compete on a global scale

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