• Home
  • Country Index
  • About US
  • Contact

Immigration World

The World Has No Boundaries

  • Canada
  • Dubai
  • France
  • India
  • Italy
  • Sweden
  • UK
  • USA
  • etc
  • Country Index

Home » Canada » The Canadian Start Up Visa – Application Fee, Procedure And More

The Canadian Start Up Visa – Application Fee, Procedure And More

March 7, 2022 by Filter Coffee

After a successful three-year pilot program, Canada made its start up visa program permanent in 2018. Since then entrepreneurs from over 26 countries have got visas issued under this category.

Canada start up visas are beneficial for entrepreneurs as they speed up the application process as well as for the country that gets a new venture to generate employment and business. Here’s what you need to know about immigrating to Canada with a start up visa.

Canadian Start Up Visa, Start Up Visa in Canada

Read: The Canadian Dream Vs The American Dream – Which Is A Better Dream?

Canadian Start Up Visa – Eligibility

Eligibility criteria must be met for this visa category.

  • Qualifying business: To be eligible, you must create a business that you are a full or part owner. There may be up to 5 owners for each company. You must have at least 10% of the voting rights on your own and 50% of the voting rights between you and the designated organization.
  • Letter of support: You must have a letter of support from any of the designated venture capital funds, angel investor groups or business incubators. The requirement is as follows
Type Of Investors Fund In Canadian Dollars
Angel investor groups$75,000
Venture capital funds$200,000
Business incubatorAccept the applicant in the incubator program
  • Language requirements: You must be able to converse in French, English or both languages. To prove this, you will need to clear a language fluency test.
  • Funding: You must also have sufficient funds to support yourself in Canada. The minimum required is:
Number Of Family MembersFunds Required In Canadian Dollars
1$13,213
2$16,449
3$20,222
4$24,553
5$27,847
6$31,407
7$34,967
Every additional person$3,560

Note that if you are carrying cash worth more than CAN $ 10,000 on entering Canada, you must declare the same to the immigration officer.

Read: Types Of Canadian Visa – The Complete List

Getting A Letter Of Support

The first thing you need to do to get a letter of support is to create a business plan. This can then be presented to qualified supporters. Some organizations may ask for an in-person presentation while others may accept mailed in business plans. Each organization has its own review process and you must follow up individually with every organization.

Read: What Is The Cost Of Living In Canada?

Documents Required For A Canada Start Up Visa

The key documents required to apply for a start up visa are:

  • Generic application form for Canada immigration (IMM 0008)
  • Dependent declaration (IMM 0008DEP)
  • Schedule A background declaration (IMM5669)
  • Supplementary information on travels (IMM 5562)
  • Schedule 13- business immigration programs – start up business class (IMM 0008 – schedule 13)
  • Additional family information (IMM 5406)
  • Use of representative (IMM 5476)
  • Copy of the first and last pages of your valid passport
  • Proof of language proficiency
  • Letter of support
  • Copy of proof of identity
  • Copy of marriage/divorce/ annulment/ death certificate of a former spouse as applicable
  • Copy of children’s birth certificate if applicable
  • Police clearance certificate
  • Proof of passing the medical examination in the 12 months prior to submitting the application
  • 2 passport-sized photographs of the applicant and each dependent
  • Proof of settlement funds

Any document that is not in English or French must be submitted with a translation.

Read: Canadian Citizenship Test – 10 Sample Questions And Answers

Submitting The Application

All the required forms can be downloaded from here.

The forms can be downloaded and filled in on the computer. It is important to answer all the questions truthfully and completely. Once you have filled in the application, click on the Validate button to generate a barcode page/pages. You can then print a copy of all the forms. Write your name, the date and sign in the designated space. The forms and supporting documents can be arranged with the barcode page/ pages on the top.

This can then be submitted at an Immigration, Refugees and Citizenship Canada (IRCC) Office. This may be a visa office or the Canadian embassy.

All applicants between the ages of 14 and 79 years must submit their biometric photographs and fingerprints.

It can take up to 18 months for your Canadian start up visa to be processed and approved. In the meantime, you can apply for a temporary work permit to work in Canada or set up your business.

Processing Fees For Canadian Start Up Visa

Applications will be accepted only after the processing fee has been paid. The specifics are as follows:

  • Processing fee to submit your application: $1,575
  • Processing fee to submit your spouse/ partner’s application: $825
  • Right of permanent residence fee per person: $500
  • Processing fee to submit your dependent child’s application: $225
  • Biometrics fee: $85 per person or $ 170 per family of 2 or more people

It is advisable to pay the right of permanent residence fee at the initial stage of submitting the application to avoid delays in processing. The following are exempt from this fee:

  • Dependent children
  • Principal applicants who are dependent children of Canadian citizens or permanent residents
  • Protected persons

Also Read

  • In-Demand Jobs For Immigrants In Canada
  • How To Get A Work Permit To Canada?
  • Canadian Job Opportunities For Chefs – The Job Market And Opportunities
  • 6 Easy Ways to Migrate to Canada
×

Filed Under: Canada Tagged With: immigrate to, startup visa

Follow US

Recent Posts

  • Thailand Smart Visa -The Visa You Need to Set Up a Business in Thailand
  • Live And Work In The UK Using The UK-India Young Professionals Scheme
  • How To Apply For Australia’s Global Talent Visa Program
  • How To Get An Estonian Startup Visa
  • 5 Employment-Based Immigrant Visa Preference Categories For The American Green Card

Top Posts & Pages

  • 9 Countries Indians Can Easily Get Permanent Residency
  • Ways to Migrate to Singapore
  • Tax Filing In Germany For International Students – Do All International Students Need To File Tax?
  • Indian Students Studying Abroad – The Latest Statistics
  • OCI Card For Infants - How To Apply For An Child’s OCI Card
  • Top 10 Countries Where You Can Immigrate and Settle Easily
  • German Visa Types And Why Do You Need Them
  • 5 Ways To Get Swedish Citizenship
  • 10 Countries To Get PR Visa Easily
  • How to Apply for Canada Tourist Visa

Tags

Australian citizenship Australian student visa Canada Immigration Canada student visa citizenship citizenship test Coronavirus cost of living EB5 visa Green Cards H1B Visa H1B visa Policy H4 visa immigrate to immigration and settlement Indian e-visa indian immigrants indian students Indian Visa International Students investor visa Migrate to no visa travel passports Permanent Residency Schengen Visa startup visa Student Visa Study in USA Tax Filing For International Students tourist visa travel ban travel tips UK immigration UK Student Visa UK Visa USA Green Card usa immigration USA student visa USA Visa US citizenship US immigration US work permit work permit For H4 visa work visa
Feedback | Disclaimer
Copyright © 2023 immigrationworld.com.
We use cookies on our website to give you the most relevant experience by remembering your preferences and repeat visits. By clicking “Accept”, you consent to the use of ALL the cookies.
Do not sell my personal information.
SettingsAccept
Privacy & Cookies Policy

Privacy Overview

This website uses cookies to improve your experience while you navigate through the website. Out of these, the cookies that are categorized as necessary are stored on your browser as they are essential for the working of basic functionalities of the website. We also use third-party cookies that help us analyze and understand how you use this website. These cookies will be stored in your browser only with your consent. You also have the option to opt-out of these cookies. But opting out of some of these cookies may affect your browsing experience.
Necessary
Always Enabled
Necessary cookies are absolutely essential for the website to function properly. This category only includes cookies that ensures basic functionalities and security features of the website. These cookies do not store any personal information.
Non-necessary
Any cookies that may not be particularly necessary for the website to function and is used specifically to collect user personal data via analytics, ads, other embedded contents are termed as non-necessary cookies. It is mandatory to procure user consent prior to running these cookies on your website.
SAVE & ACCEPT
 

Loading Comments...