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Business Immigration
By Hugo O'Doherty
Posted on April 29, 2024
This article was updated more than 6 months ago. Some information may be outdated.
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Effective April 30, the number of business proposals organisations may submit for the Start-Up Visa program will be capped at 10 per year per organisation. The government expects that this will result in higher quality or “most promising” proposals being submitted.
Through the Start-Up Visa program, first launched in 2013, designated venture capital firms, angel investor groups, and business incubators can collaborate with prospective entrepreneurs abroad to propose business activities in Canada. Successful applicants enjoy a pathway to Canadian permanent resident status, with the possibility of acquiring Canadian citizenship subsequently.
Further, the federal government will provide priority processing for entrepreneurs whose start-up is supported by Canadian capital or by a business incubator that is a member of Canada’s Tech Network, including applications in the inventory and new applications as they are submitted.
The current application processing time for the Start-Up Visa, as posted in April 2024, is 37 months.
Also effective April 30, Canada is fully pausing intake for the Self-Employed Persons program through the end of 2026 to focus on processing application inventory in the existing backlog.
The Self-Employed Persons program provides a pathway to permanent residence for international applicants with notable experience in art, culture, recreation, or sports and who will contribute to Canada’s cultural vitality.
Though there is no confirmation that the program may reopen to new applications thereafter, the language used in the Immigration, Refugees and Citizenship Canada (IRCC) news release indicates that it could reopen to new applications in the future.
The current application processing time for the Self-Employed Persons program, as posted in April 2024, is 52 months.
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