Canada Residence by Investment – The Canada Start-Up Visa (SUV) Program

The Canada Start-up Visa, popularly known as the SUV program presents foreign entrepreneurs with the opportunity to create and set up a unique business in Canada and apply for permanent residence. The SUV immigration program is one of the simplest means for skilled entrepreneurs and investors to live, work, and get settled in Canada.

This program is ideal to avail a Work Permit or attain permanent residency for business owners and entrepreneurs. According to the SUV Program, up to 5 founding partners of an innovative business can become eligible for an open work permit for up to 3 years. Moreover, the applicants qualify for permanent residency in Canada via this program.

Investors and business owners have the advantage of tax benefits while applying for a Start-Up Visa for Canada. The Canada Startup Visa Program was designed for immigrants, so they can establish their business in Canada. The eligible applicants can apply for temporary work permits to settle in Canada

Canada Start-up Visa (SUV)

Here are the key features of the Canada Start-up Visa:

Unique start-up business SUV

Minimum of CAD1.2 million

Processing time is 12-37 months ( about 12 months for the initial work permit and a further 12 months for the permanent residence permit)

Here are the two main investment options the investors need to know to apply for the EB5 visa:

Commercial Enterprise

There are different investment options for the applicants. Apart from investing $1,000,000 in a new enterprise within particular commercial regions, the applicants have to actively manage the daily operations in all aspects of the business.

Regional Center

This option requires the applicant to invest $800,000 in a government-approved project that generates jobs for US citizens. The applicants can live anywhere in the country. There is no restriction for living in the state where they have invested.

Investment Options for Canadian Citizenship by Investment

Investment options the applicants should take into consideration for the successful attainment of an Investment visa Canada:

Have the required knowledge and experience in a field and sound managerial experience.

If the investment is acquired from a designated Canadian venture capital fund, the minimum investment amount should be $200,000.

If the investment comes from a designated Canadian Angel Investor group, you need to secure a minimum investment of $75,000.

There is no need to secure a financial investment from a business incubator. You should be accepted into a Canadian business incubator program.

Additional fees apply for government fees, optional consulting, business structure, immigration, and document filing and processing.

Designated Organizations

If the investor or the entrepreneur does not have sufficient funds to have the required capital, they can get funding from a Designated Organization. These organizations are significant in the Canadian Startup Visa program for investors. The Canadian government approves these organizations so they can support and nominate foreign entrepreneurs for the Canada Startup Visa pro

Angel Investor Groups

The Angel Investment funds offer essential financial support and mentorship within the framework of the SUV to budding businessmen and investors worldwide. The angel investors fuel capital into these businesses and offer worthy expertise and guidance to the investors to grow their businesses in the Canadian market.

The minimum investment required for Angel Investment Groups is $75,000. An important thing to remember is that these are high-risk investments and can lead to loss in capital.

How Does the Canadian SUW Work?

For permanent residence, the applicant needs to get a letter of support from one of the designated investor organizations. The letter shall state they would fund the business. This letter is needed to file his/her PR.

Applicant should be able to communicate in English, French, or both. They need to provide proof of language proficiency. You need to score a minimum level of 5 in English or French.

A single business may be owned by a maximum of five owners when applying for the SUV program. Each applicant must possess at least 10% of voting rights. 

Applicant needs to prove proof to the Canadian government that they have sufficient funds to support themselves and their family in Canada. There is no government financial support for entrepreneurial immigrants.

Canada – An Overview

Over the years, Canada has emerged as an attractive spot for aspiring entrepreneurs. The Canada Startup Visa program implemented by the Federal government has been instrumental in getting more people to invest in Canada for citizenship. The country is well known for its high standard of living, clean environment, low crime rate, and excellent infrastructure. Therefore, the country is often voted as one of the best countries in the world to live in.

Canada takes up a major area of the northern portion of North America. The country covers a huge expanse of area from the Atlantic in the east to the Pacific in the west and the Arctic in the north. If we include the water, Canada is the second largest country in the world after Russia. The county is one of the wealthiest nations in the world and has a high per-capita income.

Canada is a member of the OECD and Group of Eight. It is a mixed market and ranks higher than the USA and most European nations on the Heritage Foundation’s Index of Economic Freedom. The country has been experiencing a booming economy and growth. The unemployment rates are low and there are ample opportunities for foreign investors and immigrants.

If you live in the Emirates and wish to obtain a Canada passport by investment, DM Consultants is at your service. We offer professional investment and immigration services and help acquire citizenship in different countries. We can help you get a Canada investment visa and secure a promising future for yourself and your family. We offer impeccable support and guidance to our clients.
Rest assured of a smooth and successful application. Get in touch with MAVEN MIGRATION SERVICES for a free consultation today about Canada residence by investment from UAE. We offer our services in Dubai, Abu Dhabi, and Sharjah.

Eligibility Criteria for Investing in Canada for Citizenship – Start-Up Visa Program

If you are an entrepreneur with a unique idea, then your out-of-the-box thinking can make you eligible for Canada residency by investment via Start-Up visa program.

Here are the eligibility requirements an applicant is required to fulfill:

Valid original passport copy with a validity of 6 months

UAE Residence proof (Emirates ID) and two photographs (white background)

Enough financial support is displayed in the bank statements to take care of travel expenses

The applicant should be in good health

No criminal record

Proficiency in English or French language at IELTS/CLB Level 5

Foreign nationals need to get a Letter of Support or investment commitment from one of the Designated Organizations in Canada

Each of the foreign national should own at least 10% of the shares in the startup

The Designated Organization and foreign nationals should jointly have more than 50% of the total shares in the startup venture

Each of the applicants must have sufficient funds to settle in Canada, depending on their family size

Documents Required For the SUV Program Application

The following list of documents are needed to apply for the SUV program for investing in Canada for citizenship:

An application form to Canada

If required, an additional dependent declaration

Valid passport and travel documents

Proof of language proficiency

Business plan

Letter of support from a designated organization

Identification documents of you and your family

Personal details of last ten years (after age 18). It includes education, work experience, unemployment periods, etc.

Proof of financial stability

Medical exam

You GetWhat

Once your visa is approved, it will be attached to your passport. This shows you are allowed to enter Canada.

Step-by-Step Process of Start-Up Visa for Canada Residence by Investment

There are several steps involved in applying for Citizenship by Investment CanadaStartup Visa.

It is important to designate an authorized representative to apply on behalf of the applicant so the process is well-managed and timely processed.

Language Requirement

Provide proof of language proficiency and collect other personal documentation mandatory for the application. Language must be English or French at CLB level five.

Submission

The last critical step is submitting the application form, support documents, and fees to pursue the SUV.

The applicants can establish and expand their business in Canada if all the requirements are fulfilled and the necessary documentation is provided. The general success rate for the SUV program is above 75%. The approval rate varies based on the type of designated organization.

Certificate of Commitment

The second important step is acquiring a commitment certificate or letter of support from a business incubator, venture capital fund, or an angel investor group. These are called the designated organizations. To get a letter of support, here are the steps:

Step-by-Step Process to for Citizenship by Investment

Here is the step-by-step guide for how you should go about the process of Citizenship by Investment:

01

A high standard of living

02

Open to all nationalities

03

High-quality education and healthcare

04

The family included in the application

05

Visa-free entry to many countries

06

Multicultural and tolerant environment

07

Great for business due to access to the entire North American market

08

No limitations on business activities in Canada

09

Minimal education requirement

10

Allows partnership of 5 individuals

11

Relocate to Canada by getting a work permit while the application for permanent residence is being processed

MAVEN MIGRATION SERVICES –Canada Residence by Investment from Dubai

Here are the key reasons DM Consultants is your best option to get expert professional services and guidance regarding investment in Canada:

Comprehensive Tailored Solutions

We offer detailed solutions customized to each individual’s unique needs and goals. Our experts can provide valuable advice and solutions after listening to your goals and expectations and then give you detailed information regarding all immigration and investment procedures and programs.

Extensive Support Throughout

We are driven to achieve client satisfaction. We ensure that our clients make the best decision based on our knowledge and expertise.

Reliable Services at Affordable Fees

We have years of experience and expertise in the field. You can count on us to successfully submit your application and keep our service charges affordable for our clients.

Timely Results

Our team is passionate about delivering results and maintaining efficiency. We are punctual during the application process to ensure that everything is done on time and gets positive results.

Come join us and together we can embark on a journey for your prosperous future. Get in touch with DM Consultants today to learn more about residency and investment programs.