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The SUV Program in Canada is tailored for individuals who aim to make significant economic contributions. Applicants should possess a minimum net worth of CAD$300,000 and commit to owning and managing at least one-third of a Canadian business. Additionally, they are required to create and sustain employment opportunities within the country within 3 years from their arrival.
What is Canada Start Up Visa or SUV program?
Who Can Apply for SUV Program?
Benefits
Processing time for work permit and PR visa
Processing Time
The issuance of the commitment letter or letter of support typically takes between 4 to 6 months upon submission of a viable business proposal by the entrepreneur. Upon receiving this letter, candidates are eligible to apply for permanent residence. The processing time for permanent residence is estimated to be around 18 months
Unlike other programs, the startup permit program does not mandate applicants to invest their personal funds into the business. This initiative serves as a pathway to permanent residence for immigration candidates aspiring to become entrepreneurs.