GTR Canada

Category: Business Immigration

  • Changes to the Start-up Visa and Self-Employed Persons programs to help reduce backlogs and improve processing times


    Business IMMIGTATION

    Updates to Canada Start-Up Visa
    (SUV) Program

    Effective on Apr 30, Changes to the Start-Up Visa IRCC will now be altering the processing of Start-Up Visa applications by: 

    – Putting a cap on the number of candidates that apply for Canada PR under this program by excluding applicants who are associated with no more than 10 start-ups per designated organization, and 

    – Offering priority processing to entrepreneurs whose start-up is supported by a Canadian capital or business incubator that is a member of Canada’s Tech Network.

    This implies that the Designated Organization will become more discerning, opting solely for well-prepared projects. With projects on hand, we require additional team members. If you have an English CLB 5 or above, along with at least 1 year of management experience, we invite you to join us.

    Business IMMIGTATION

    Changes to the Self-Employed Persons Program

    Starting April 30, 2024:

    – There will be a full pause on the Self-Employed Persons Program application intake which is planned to be in place until the end of 2026.

    This change is a result of the high number of applications within the program inventory, because of which processing times have increased to longer than 4 years. While the temporary pause has been put in place, IRCC will continue to finalize applications and look for opportunities to reform the program while maintaining its integrity.

    “Fast processing is critical to the success of entrepreneurs who come to Canada through our federal business programs. These necessary changes will set the Start­up Visa Program and Self-Employed Persons Program on the path to faster processing times while we look ahead to further reforms to make these programs more sustainable and effective over the long term.”
    – stated by Marc Miller – Minister of Immigration, Refugees and Citizenship.

     

    We can explore and propose alternative solutions that align with your profile.


    Book your Consultation with our RCIC consultant here

    source: Changes to the Start-up Visa and Self-Employed Persons programs to help reduce backlogs and improve processing times - Canada.ca

  • Start-Up Visa with RCIC Recorded Videos

  • Start-Up Visa FAQ

    Start-Up Visa FAQ

    Start-Up Visa FAQ

    Is an innovative business required for the Start-up Visa Program?

    Our experts assess your professional background to craft a business idea that aligns with the Start-up Visa (SUV) criteria and Canada’s economic needs, ensuring your concept qualifies.

    Our startup operates in a regulated environment, What if we are unfamiliar with Canadian industry regulations?

    Our service includes comprehensive research into all applicable regulatory frameworks for your sector. These findings will be thoroughly detailed in the business plan we develop for you.

    How soon can I begin working in Canada?

    After your team’s permanent residency (PR) applications are submitted, you’re eligible to apply for work permits. Processing times vary by country, so reach out to us for a tailored time estimate.

    When am I allowed to arrive in Canada?

    You may arrive in Canada after receiving your work permit approval letter, should you opt to apply for one. Alternatively you can arrive in Canada once your PR application is approved.

    Is a work permit necessary before I obtain permanent residency?

    It’s not mandatory to secure a work permit before receiving permanent residency approval. You may choose to wait for PR before moving to Canada.

    What is the required investment for the business?

    There is no specified minimum investment. However, it’s important to demonstrate genuine efforts in advancing your business. You can apply the traction model using your team’s skills or outsource it for additional cost, typically about $10,000 CAD per applicant.

    Which Designated Organisations do you work with?

    We work with Canada’s most reputable DO’s. Selecting the right designated organization is a critical step in your journey. The factors we take into consideration are: business life cycle stage, industry, and projected business needs

     

    Who qualifies for the Start-up Visa Program in Canada?

     Eligibility hinges on having a qualifying business idea, meeting the Canadian Language Benchmark (CLB) 5 in English or French, and proving you have enough funds for settlement in Canada.

    What are the advantages of the Start-up Visa Program?

    The Start-up Visa (SUV) is Canada’s unique pathway to permanent residency for entrepreneurs without minimum investment or net worth verification and no need for an exploratory visit. A single business application can include up to 5 team members and their families, all eligible for temporary residency while the permanent residency application is underway with IRCC.

    Am I allowed to work in Canada during the Start-up Visa application process?

    Yes, after your team’s PR applications are filed, you can apply for a work permit. For efficiency, we suggest applying for your work permit concurrently with your PR application.

    What if my business is unsuccessful?

     Permanent residency status is not contingent on your business’s success. You must, however, demonstrate ongoing efforts to achieve traction until your PR application decision is finalized.

    What's the minimum investment required for the Start-up Visa Program?

     The program doesn’t specify a minimum investment. The focus is on demonstrating and genuine efforts in establishing and moving your business forward.

    Can my family join me in Canada under the Start-up Visa Program?

    Yes, you can include your spouse and dependents in your PR application. After submission, they can seek a spousal open work permit or study permits. Once you have PR, you can sponsor your parents through family class sponsorship or a parent/grandparent super visa.

    Are healthcare and education free for me and my family under the Start-Up Visa Program?

    Once you’re a permanent resident, you have access to Canadian healthcare and public education. Education is free until age 18, and as a PR, you’ll benefit from significantly lower university tuition fees compared to international rates.

     

    Do I require a medical exam and security check for the Canada Start-Up Visa Program?

    Yes, you must submit police clearance from every country you’ve resided in for six months or more since turning 18. These serve as a basis for security clearance by IRCC. Post-PR application submission, an IRCC-approved doctor will conduct your medical exam.

    Is an immigration lawyer or immigration consultant (RCIC) necessary for my Start-Up Visa application?

    Hiring a lawyer or RCIC isn’t mandatory for the application process, but considering the complexity of Start-Up Visa (SUV) applications, professional guidance can be crucial for a successful outcome.

    Start-Up Visa

    Find out more about Start Up Visa Program

  • Canada Immigration focuses on Business Immigration

    Canada Immigration focuses on Business Immigration

    In the recent week, Canada Immigration has made a significant focus on Business Immigration.

    What is Business Immigration?

    This program is most suitable for entrepreneurs. This program is for those individuals, who are looking to make an investment in Canada or to start/acquire a business in Canada. Candidates are required to own a business and/or have managerial experience.

    In the last week, many new developments have been made in Business Immigration. They are:

    • In a draw held on November 23, Ontario issued 15 Invitations to Apply (ITAs) to entrepreneur immigrants. The minimum score for the candidates in the OINP’s Entrepreneur Stream was 112.
    • In another draw held on November 21, Saskatchewan issued 84 Invitations to Apply (ITAs) to entrepreneur immigrants. The minimum score for the candidates in the SINP’s Entrepreneur Stream was 115. The highest score was 135.
    • British Columbia PNP announced the launch of the Entrepreneur Immigration — Regional Pilot. Through this program, entrepreneurs can come to the smaller localities in BC, and grow a business there. The program is planned to launch next year in 2019.

    Under Business Immigration, there are several options available:

    • Federal Start-Up Visa Program.

    It is a part of Canada’s federal immigration program. Candidates must be an owner of a business, meet the language requirement and have adequate financial support before they can apply. 

    • PNP Business Immigration.

    Many provinces have Business Immigration Programs as a part of their Provincial Nominees Program. Each province has different conditions for eligibility.