Canada’s Start-Up Visa program is attracting new permanent residents
Canada’s Start-Up Visa program (SUV) helped more foreign nationals become permanent residents of Canada this year compared to last year, according to the latest data from Immigration, Refugees and Citizenship Canada (IRCC). In the first four months of 2023, the SUV welcomed 195 new permanent residents, an increase of 8.3% compared to the same period last year.
If this trend continues, the program could welcome roughly the same number of new permanent residents as last year, around 575. However, the number of new permanent residents arriving through the SUV fell in April, with only 35 new arrivals compared to 50 in March. British Columbia and Ontario have been the most popular destinations for immigrant entrepreneurs arriving under the SUV this year
In the first four months of this year, British Columbia’s West Coast province received 85 new permanent residents via the SUV, an increase of 6.3% from 80 for the same period in 2022.
In the first four months of this year, Ontario, the largest province in Canada, welcomed 70 new permanent residents through that immigration program, a decrease of 17.6% from 85 over the same time frame last year.
Canada’s Start-Up Visa Program Guide 2023
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
How can I qualify for the Start-Up Visa Program?
You must fulfill all 4 eligibility requirements for the Start-up Visa Program in addition to the requirements for entry into Canada in order to be eligible. You must:
- have a qualifying business
- have a letter of support from a designated organization
- meet the language requirements, and
- have enough money to settle and live in Canada
Want to know more details about “Canada’s Start-Up Visa program is increasingly attracting new permanent residents to the country” you can contact one of our immigration specialists at Gunness & Associates.
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