
TOP 3 INDUSTRIES CANADA WANTS FOR THE STARTUP VISA
If you’ve been thinking about moving to Canada as an entrepreneur, you’ve probably heard about the Canada Startup Visa. It’s one of the most exciting immigration programs because it doesn’t
With Canada’s Start-Up Visa, you can secure Permanent Residency while investing in a high-potential tech startup. And the best part? We handle the entire process for you.
This is one smart investment that could change your family’s future forever – The Canada’s Startup Visa Program.
With Canada’s Start-Up Visa, you can invest in a high-potential tech startup for just CAD 130,000…
…and get Permanent Residency right away. No temporary permits – just PR for you and your family.
Allows up to 4 co-founders. Lower costs if you have your own innovative idea. And yes, your family gets to enjoy the benefits too – top schools, free healthcare, and a safe environment.
But spots are limited. We make it easy. Book a consultation call below to get started today!
If you’re an entrepreneur or investor looking to expand your business globally, the Canada startup visa program could be the perfect fit. This program not only allows you to start and grow your business in Canada, but it also offers a pathway to permanent residency (PR) for both you and your family.
At Loft Immigration Services Inc., we specialize in helping business owners navigate the process of getting the Canada startup visa, ensuring that you understand each step and are well-prepared to succeed. We’ll guide you from the initial visa application all the way to securing PR.
The Canada startup visa is a program that’s designed for entrepreneurs who have innovative business ideas that can create jobs in Canada. The goal is to attract talented individuals who can launch successful businesses with global potential. For immigrants with a business vision that’s fresh, scalable, and impactful, this visa is a fantastic opportunity.
But what makes the Canada startup visa program even more appealing is that it leads to permanent residency for you and your family. Once your business is set up, you’re on a direct path to becoming a permanent resident in Canada.
Wondering if you’re eligible?
Book an Evaluation Call today to find out!
Canada’s Minister of Immigration, Marc Miller, on April 29, 2024, announced important revisions to the Start-Up Visa (SUV) Program aimed at improving processing times and reducing application backlogs. These updates, effective April 30, 2024, are part of a broader strategy to enhance efficiency in Canada’s immigration system.
🔹 Application Cap for Permanent Residency – The government has introduced a limit on the number of permanent residence applications tied to the SUV program. Each designated organization (venture capital firms, angel investors, or business incubators) can submit a maximum of 10 start-up applications per year until the end of 2026.
🔹 Priority Processing for Certain Start-Ups – Entrepreneurs whose businesses are backed by Canadian investors or supported by incubators affiliated with Canada’s Tech Network will now receive expedited processing. This applies to both new and existing applications in the queue.
✅ Fewer Spots, More Competition: – The reduced number of applications means increased competition among entrepreneurs seeking a spot in the program. Even those who have secured backing from a designated organization may face delays if they don’t qualify for priority processing.
✅ Faster Processing for High-Priority Start-Ups: If your start-up has Canadian financial support or is linked to a recognized incubator, your application could be processed faster, giving you an edge over others.
✅ Stronger Focus on High-Quality Ventures – With designated organizations limited to 10 applications per year, they will likely become more selective, prioritizing only the most promising business ventures.
💡 Seek Canadian Investors – Securing backing from a Canadian venture capital firm or incubator can enhance your eligibility for priority processing.
💡 Explore Alternative Immigration Pathways – If the SUV program isn’t an option due to the new limits, consider other routes like the C11 Entrepreneur Visa, Provincial Nominee Programs (PNPs), or Intra-Company Transfers (ICT).
💡 Strengthen Your Business Plan – Ensure your business model aligns with Canada’s economic and innovation goals to improve your chances of securing support.
As of September 2024, the estimated processing time for Start-Up Visa (SUV) applications is approximately 40 months (just over three years). However, actual wait times can vary depending on the volume of applications and the workload of immigration offices.
📌 As of February 29, 2024, there are 29,128 applicants across 9,125 cases still in the processing queue. Here’s how they are distributed:
🔹 14,508 applicants are waiting to move forward in the process.
🔹 10,458 applicants are at the eligibility review stage.
🔹 4,030 applicants are nearing a final decision.
With such a large backlog, the recent SUV program changes are designed to reduce wait times by:
✅ Capping the number of applications per year to limit new entries.
✅ Prioritizing start-ups backed by Canadian investors or incubators for faster processing.
The Canada Start-Up Visa (SUV) program has a strong success rate, with 77.2% of applications approved between January and November 2023, according to IRCC data.
Out of 3,334 processed applications, 2,577 were approved, while 490 were refused and 267 were withdrawn. This highlights the program’s reliability for entrepreneurs seeking permanent residence in Canada.
With over 10 years of experience in Canadian immigration and a proven track record of success across various programs, we are confident in achieving a 100% success rate for SUV applicants who meet the eligibility requirements.
Beyond the Start-Up Visa Program, Canada offers several other business immigration pathways for entrepreneurs looking to establish themselves in the country. These include the C11 Entrepreneur Work Permit, Intra-Company Transfer Program, Self-Employed Category, Provincial Nominee Programs (PNPs), and the Quebec Immigrant Investor Program.
Each option has its own benefits, requirements, and suitability depending on your business goals. The table below provides a detailed comparison to help you determine which program aligns best with your immigration and business objectives.
Factor | Start-Up Visa (SUV) | C11 Entrepreneur Work Permit | C10 Significant Benefit Work Permit | Intra-Company Transfer (ICT) | Provincial Nominee Programs (PNPs) |
Purpose | Permanent residency for innovative entrepreneurs | Temporary work permit for self-employed entrepreneurs | Work permit for individuals providing a significant cultural, social, or economic benefit to Canada | Work permit for employees of multinational companies transferring to a Canadian branch | PR pathway for business owners & skilled workers nominated by provinces |
PR Pathway | Direct PR (if approved) | Can lead to PR through other pathways | Not a direct PR pathway | Can lead to PR under Express Entry or PNP | Yes, direct PR (if nominated by a province) |
Investment Required | No fixed amount, but at least $200,000+ recommended | Varies based on business type | No fixed amount, but applicant must demonstrate significant benefit | No specific investment required, but company must demonstrate financial stability | $100,000+ to $600,000, depending on the province |
Business Ownership | Requires minimum 10% ownership and over 50% combined with Designated Organization | Must own and operate a business in Canada | Not mandatory but must show expertise or benefit to Canada | No ownership required, must be an existing employee of a foreign company | Required, with conditions varying by province |
Key Requirement | Letter of Support from a Designated Organization | Proven business experience & viability | Demonstrated significant benefit to Canada | At least 1 year of employment with a foreign company | Business proposal approved by a specific province |
Processing Time | 40+ months (as of 2024) | 2-4 months | 2-4 months | 2-6 months | 12-24 months, depending on the province |
Who It’s Best For | Entrepreneurs launching innovative startups | Self-employed individuals starting a business | Experts, artists, or individuals making a strong impact on Canada | Senior managers, executives, or specialized employees of multinational companies | Business owners willing to settle in a specific province |
Risk Level | High (competitive and selective) | Moderate (business viability is key) | Moderate (based on applicant’s qualifications) | Low (for eligible candidates) | Moderate (depending on provincial requirements) |
Applying for a Canada Start-Up Visa is a multi-step process that involves validating your business idea, securing support from a designated organization, and submitting your immigration application. Here’s a breakdown of the key steps:
To qualify for the Start-Up Visa (SUV) program, you must secure a Commitment Certificate and Letter of Support from one or more government-approved designated organizations. These organizations fall into three categories:
Venture Capital Funds, Angel Investor Groups, and Business Incubators. Depending on your choice, you may need to complete a start-up development program or receive funding in exchange for equity in your company. Click here to see the complete list of designated organizations authorized by the Canadian government.
Before applying, it’s important to understand both the benefits and challenges of the SUV program to see if it’s the right fit for you.
✅ Direct path to permanent residence – No need for temporary status first.
✅ Open to all nationalities – Anyone from any country can apply.
✅ Freedom to start any type of business – No industry restrictions.
✅ No minimum net worth requirement – You don’t need to show a specific amount of personal wealth.
✅ Team-based application – Up to 5 founders can apply together (each must own at least 10%).
✅ Work permit option – You can move to Canada and start your business while waiting for PR approval.
❌ Difficult to get support – Competition is high for approval from designated organizations.
❌ Long processing times – Permanent residence can take 3+ years.
❌ High financial commitment – Founders may need to invest a significant amount to attract support.
❌ Strict business requirements – Your start-up must have strong growth potential and a solid business model.
❌ Risk of delays or rejection – Applications may go through peer reviews, which can slow things down or lead to refusals.
Applying for the Canada Start-Up Visa (SUV) program requires a financial commitment, with total costs typically ranging between CAD $150,000 to $250,000+, depending on various factors. Below is a sample cost breakdown to help you plan your budget. These estimates include service provider fees and other expenses associated with securing support for your application.
Cost of Preparing A PItch Deck | The cost of preparing a pitch deck for the Canada Start-Up Visa (SUV) program depends on the stage and viability of your business:
|
The Cost of securing support from a Designated Organization | The cost of securing support from a Designated Organization for the Canada Start-Up Visa (SUV) program varies depending on the type of organization: Business Incubators → $40,000+ per company Angel Investors → $25,000 – $45,000+ per founder Venture Capital Funds → $50,000+ per company Book a consultation to learn more from our experienced and licensed Canadian immigration consultants. |
Professional service charge (lawyers and immigration consultants) | About $30,000+ per applicant. This fee covers legal guidance, document preparation, and submission support for the Start-Up Visa (SUV) program |
Government application fees | The Start-Up Visa (SUV) application fees are as follows: Permanent Residence (PR) – Main Applicant: $2,140 Permanent Residence (PR) – Spouse: $1,365 Permanent Residence (PR) – Dependent Child: $230 These fees are paid directly to the Immigration, Refugees and Citizenship Canada (IRCC) as part of the SUV application process |
Cost associated with execution of the bu | The expenses associated with running your start-up will vary based on the industry and business model. However, applicants should be prepared to allocate at least $100,000+ per applicant to cover operational costs while awaiting permanent residence. This includes expenses such as product development, marketing, legal compliance, and initial staffing. |
Over the past year, we’ve observed that IRCC has intensified its scrutiny of Start-Up Visa applications by frequently requesting additional details from applicants. These follow-up inquiries typically focus on the genuineness and viability of the business, going beyond the Letter of Support from Designated Organizations.
Common questions include:
What steps have you taken to establish your business in Canada?
How has your Designated Organization contributed to your business so far?
Do you have a solid, proven business plan for success?
Can you provide an update on your product development, including progress, timeline, and budget?
What milestones has your business achieved since incorporation?
Why did you choose Canada over other countries for your business?
How will critical business operations take place in Canada?
How did you meet your co-founders?
Why is it necessary for you to relocate to Canada immediately?
With our years of experience, we can body tell you that, these questions signal a shift in IRCC’s approach. Rather than relying solely on the Letter of Support, officers are independently evaluating the legitimacy of each business venture.
This means that applicants must demonstrate a genuine commitment to building and growing an innovative business in Canada—not just using the SUV program as a means to obtain permanent residence.
In some cases, immigration officers may request a peer review if they have concerns about the legitimacy or feasibility of a business venture. This process involves an independent panel assessing whether the designated organization has conducted due diligence according to industry standards.
Recent rulings in Federal Court have highlighted common issues that Immigration, Refugees and Citizenship Canada (IRCC) examines in Start-Up Visa applications. These include:
The overall viability of the business, including its potential for growth and total addressable market (TAM).
Applicants are often required to provide detailed explanations of their efforts to establish their business in Canada, the support received from their Designated Organization, and a well-documented business plan demonstrating a realistic path to success. These additional checks ensure that the Start-Up Visa program supports innovative, scalable businesses with a strong presence in Canada’s economy.
To improve your chances of approval, ensure that your business activities are well-documented, your growth plans are realistic, and you have strong supporting evidence of your venture’s credibility.
Our approach to Start-Up Visa (SUV) applications is personalized and strategic, ensuring you receive comprehensive guidance from start to finish.
Step 1: Understanding You and Your Business Idea
We begin by getting to know you—your background, experience, financial capacity, and business aspirations. This helps us assess the viability of your startup idea. If we determine that your concept needs refinement or lacks feasibility, we provide honest feedback and recommendations to strengthen it.
Step 2: Developing a Strong Business Foundation
Our in-house business team works closely with you to refine your idea into a scalable and competitive startup. We analyze the capital and resources needed and ensure your business structure aligns with Canadian market expectations. Unlike many firms, we don’t outsource business plan writing—our legal and business experts collaborate to create a tailored, well-researched business plan and pitch deck that aligns with your immigration application.
Step 3: Connecting You with the Right Designated Organization
We help you identify and apply to the most suitable Designated Organization, leveraging our network to secure better terms where possible. As intake partners for several organizations, we negotiate discounts and pass on any savings directly to you. We also prepare you for the pitch interview, ensuring you can confidently present your business plan and handle the due diligence process.
Step 4: Application Submission and Immigration Support
Once you receive your Letter of Support, we meticulously prepare and submit your immigration application, ensuring every detail is covered. We anticipate potential concerns from IRCC and proactively address them to avoid delays.
Step 5: Ongoing Business and Immigration Guidance
Our support doesn’t stop after submission. We stay connected throughout your immigration process and after arrival in Canada, helping you stay on track with your business plan and providing necessary updates to IRCC to facilitate a smoother PR application process.
At our firm, we don’t just handle paperwork—we act as your partners on this journey, offering honest, dedicated, and professional support every step of the way. Your success is our priority, and we take the trust you place in us seriously.
Deciding between the Start-Up Visa (SUV) and the C11 Work Permit depends on your business goals, risk tolerance, and how quickly you want to relocate to Canada.
Start-Up Visa (SUV): Ideal for launching innovative, high-growth startups. It comes with higher risk, potential investment losses, and longer processing times (about 3 years for permanent residence). Moderate language skills are required, and applicants must be ready to build a scalable business in Canada.
C11 Work Permit: Designed for entrepreneurs who want to start or buy a traditional business in Canada. It offers lower risk and a faster route to permanent residence (typically 18–24 months). This program is a great option for those looking for stability while actively managing their business.
Both pathways require active business management and significant investment, with similar approval rates. Need help deciding? Schedule a consultation to explore the best option for your situation.
The rejection rate for Canada’s Start-Up Visa (SUV) program varies, but approvals largely depend on the business’s viability, innovation, and the applicant’s ability to execute the business plan.
Common Reasons for Rejection:
Weak Business Model: Lack of a scalable, high-growth strategy
No Competitive Edge: Failing to demonstrate what makes the business unique
Insufficient Market Potential: Unclear demand or lack of strong market validation
Lack of Investor Support: Not securing proper backing from a designated Canadian organization (incubator, angel investor, or venture capital fund)
Doubts About Execution: Uncertainty about the applicant’s ability to run the business successfully
To boost your approval chances, focus on proving your business idea’s uniqueness, market demand, and long-term viability. A well-prepared application with strong supporting evidence is key.
Yes! Lacking business ownership experience doesn’t automatically disqualify you from Canada’s business immigration programs. Many pathways focus on your skills, knowledge, and business plan rather than requiring prior ownership.
Key Factors That Matter More Than Ownership Experience:
If you’re new to entrepreneurship, working with mentors, industry experts, or business partners can strengthen your application and improve your chances of success.
There’s no fixed investment requirement for the Start-Up Visa (SUV) program, but applicants should be financially ready for the costs of launching and sustaining their business. On average, expenses range from CAD 120,000 to CAD 300,000, depending on your business model, family size, and other factors.
Estimated Costs for the Start-Up Visa:
These are general estimates, and your actual costs will depend on your business structure, industry, and personal financial needs. Proper planning and budgeting are crucial to ensuring a smooth immigration and business launch process.
Technically, the Start-Up Visa (SUV) program does not have a mandatory investment requirement. However, in practice, securing approval without financial backing is extremely difficult.
Success in the SUV program depends on launching a business that is innovative, scalable, and globally competitive, which usually requires significant capital. Entrepreneurs need either personal funds to support their venture or strong skills in securing external investment.
To attract support from designated organizations—such as angel investor groups or venture capital funds—your business should ideally have:
While some entrepreneurs succeed without upfront investment, the reality is that most designated investors prefer businesses that have already secured funding or generate revenue. Therefore, while investment isn’t a strict requirement, in most cases, it becomes essential to moving forward in the program.
While the Start-Up Visa program offers a pathway to Canadian permanent residence for entrepreneurs, there are some key challenges to consider:
One of the biggest drawbacks is the lengthy wait for permanent residence (PR). It’s not uncommon for applicants to wait up to 3 years for a decision. During this period:
Even after years of waiting, 30% of applications are rejected. Reasons for refusal include:
Applicants must prove financial self-sufficiency while waiting for PR. This includes:
While the SUV program is a promising route for entrepreneurs, it requires financial preparedness, patience, and a solid business execution strategy to navigate these challenges successfully.
If you’re looking to start a traditional business under the Start-Up Visa (SUV) program, you’ll need to introduce an innovative element to qualify. The program isn’t just about creating brand-new industries—it’s about transforming how things are done.
For example, if you’re planning to open a bakery, consider how you can redefine the customer experience, optimize efficiency, or introduce new technology. Maybe you develop an AI-powered ordering system that personalizes recommendations based on customer preferences. Or perhaps you introduce an eco-friendly, zero-waste baking process that differentiates your brand in a competitive market.
The key is not just running a business, but improving the way it operates. If you’re willing to think outside the box and bring innovation to your industry, we can help you shape a strong application for the Start-Up Visa program.
No, the Canadian Startup Visa (SUV) program is not structured to grant visas solely based on personal investment. Instead, it requires entrepreneurs to gain the backing of a designated Canadian organization—such as a venture capital firm, an angel investor group, or a business incubator. This support is a fundamental requirement, as demonstrated by the Letter of Support issued by these organizations.
If your goal is to immigrate to Canada through investment rather than through the Startup Visa program, you may want to explore other business immigration options. Provincial Nominee Programs (PNPs), for instance, offer business immigration streams that prioritize personal investment and active business management in Canada.
If your Startup Visa (SUV) work permit was refused, here are the steps you can take to move forward:
Each case is unique, so taking the right steps promptly can increase your chances of success.
While there is no strict requirement that you must have a launched product to apply for the Startup Visa (SUV) program, securing a Letter of Support from a designated organization without a minimum viable product (MVP) and some customer traction can be difficult.
Designated organizations—such as business incubators, angel investor groups, and venture capital funds—typically look for proof of concept. This often includes a working prototype, early user engagement, or market validation. From our experience, many designated organizations prefer applicants who have at least an MVP and some customer interest before offering their support.
To improve your chances of approval, consider finalizing your MVP and acquiring initial users before applying. This will not only strengthen your application but also demonstrate to incubators and investors that your business idea has real market potential. Additionally, organizations will assess other factors such as the uniqueness of your business idea, the strength of your pitch deck and business plan, your ability to execute the project, and whether you have sufficient funds to sustain the business.
Yes, a work permit application under the Startup Visa (SUV) program can be denied. The most common reasons for rejection include:
To improve your chances of approval, ensure your application clearly presents your business’s impact, your necessity in Canada, and your commitment to complying with immigration requirements.
Take the first step toward your future in Canada. Book a 1-hour strategy session with a licensed Canadian immigration lawyer today. Navigating Canada’s business immigration process can be complex, especially for entrepreneurs, business owners, and skilled professionals looking to expand their opportunities. Having the right legal guidance can make all the difference. Our team of experienced business immigration professionals provides personalized legal services to help you successfully manage your immigration journey. Whether you’re an investor, startup founder, or employer seeking to bring talent to Canada, we are here to support you. We’ve worked with clients from diverse backgrounds and industries, offering trusted guidance every step of the way. No matter where you are in the process, we’re just a call or click away to help you and your family start your journey to Canada. |
If you’ve been thinking about moving to Canada as an entrepreneur, you’ve probably heard about the Canada Startup Visa. It’s one of the most exciting immigration programs because it doesn’t
When most people hear about the Canada Startup Visa Program, one of the first questions they ask us at Loft Immigration is this: 👉 “Can I apply for Canada Startup
I received absolute professional service from Loft Immigration in my quest to emigrate to Canada. They were professional from the start, providing me with an overview of the immigration process a(…)
I am giving Loft Immigration 100 stars for the quality service and professionalism. We applied as a family and we got the visa in about a week. They take their time to discuss your case to come u(…)
I found loft immigration online through a webinar ad. Since then we had series of engagement and I got my study permit within 5 days of application submission through them. Loft is real and I hav(…)
I will recommend loft immigration for anyone. Highly professional team here, plus my wife got a positive response on her Canadian visit visa in four weeks. It’s a miracle because my wife had no p(…)