In November, a 32.5% drop was observed in Start-Up Visa Program SUV entrepreneur immigration, following a rebound in October, as per data from Immigration, Refugees and Citizenship Canada (IRCC). The IRCC has set goals to welcome 5,000, 6,000, and 6,000 new residents via the SUV in 2024, 2025, and 2026 respectively.
Despite a slowdown in November, the program is expected to achieve record permanent resident admissions by the end of 2023. Until November, the SUV had facilitated the arrival of 1,145 new residents, marking a 104.5% increase from the previous year. Most SUV immigrants choose Ontario and British Columbia as their destinations, with Alberta, Manitoba, and Nova Scotia also seeing some arrivals.
Before their application for permanent residence is processed, candidates under the SUV program may initially enter Canada with a work permit supported by their designated Canadian investor.
Canada’s 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:
- Who are Innovative
- Can create jobs for Canadians
- Can compete on a global scale
If you want to know more details about the “Immigration through Canada’s Start-Up Visa program has more than doubled“ you can contact one of our immigration specialists at Gunness & Associates.
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