Canada Startup Visa: Immigrate by Building a Business

What Is the Startup Visa?

The Startup Visa program allows entrepreneurs to obtain permanent residence by building an innovative business in Canada. You need the support of a **designated organization**—either a venture capital fund (minimum $200,000 investment), an angel investor group (minimum $75,000 investment), or a business incubator (acceptance into their program). The business must be incorporated in Canada and operate from Canada. This pathway is for those with a viable business idea and the ability to attract designated partner support. It's competitive—designated organizations receive many applications and select only a few.

Key Requirements

You need: a qualifying business (new, not purchased; not in an ineligible sector such as real estate or hospitality); a letter of support from a designated organization; language proficiency (CLB 5 in English or French); and proof of settlement funds (amount depends on family size). You and your designated organization must also sign a commitment certificate. The business must create jobs for Canadians and compete internationally. Your ownership stake and role are assessed. If the business fails after you get PR, it generally doesn't affect your status—but the designated organization may have reporting obligations.

Designated Organizations

IRCC publishes an official list of designated venture capital funds, angel investor groups, and business incubators. You must secure a commitment from one of them *before* applying. Each organization has its own application process, criteria, and timeline. Research them, prepare a strong pitch and business plan, and be prepared for rejection—acceptance rates are low. Once you have a letter of support, you can submit your permanent residence application. Processing times vary but are typically several months to over a year.