Start-up Visa Program to Be Made Permanent

Immigration, Refugees and Citizenship Canada (IRCC)

The pilot Start-up Visa Program expires on March 31, 2018. In the months ahead, IRCC plans to work to finalize regulations for the permanent program in order to have a seamless transition from the pilot.

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The Start-up Visa Program, a pathway to permanent residence for cutting-edge entrepreneurs launching a start-up company in Canada, will become a regular feature of Canada’s immigration landscape in 2018.

As part of the five-year pilot, launched in 2013, innovative entrepreneurs can apply to become permanent residents after a Canadian venture capital fund or angel investor group has made a significant financial commitment in their business idea, or after a business incubator has accepted them into their program.

A recent evaluation of the Start-up Visa Program found that it is delivering on its goals; immigrant entrepreneurs are actively developing innovative companies in Canada that are beginning to show positive results for Canada’s economy and creating middle-class jobs across a range of industries.