Start-Up Visa

Posted on Posted in Federal Immigration, Immigration Options

The candidate must meet the following criteria to be eligible to obtain a Start-up Visa.

Proof of business supported by a designated organization:
  • Prior to applying for a Start-up visa, the applicant must have the support of a designated organization as listed below and need to include a letter of Support with the application:
    • Designated venture capital funds
    • Designated angel investor
    • Designated business incubators
Ownership Requirements:

Up to five people can apply for a Start-up Visa as owners of a single  business. But, to meet the ownership requirements:

  • each applicant must hold at least 10 percent of the voting rights in the business, and
  • the designated organization and the applicants must jointly hold more than 50 percent of the voting rights in the business.
Language Requirements:

The applicant must meet the minimum level of the Canadian Language Benchmark (CLB) 5 in either English or French in all of these four areas(speaking, reading, listening, writing). Must take a language test from the CIC-approved agency.

Settlement Funds Requirements:

The applicant must show that he/she has enough money as listed below while submitting application. This money can not be borrowed from another person.

Number of
Family Members
Funds Required
(in Canadian dollars)
1 $12,164
2 $15,143
3 $18,617
4 $22,603
5 $25,636
6 $28,913
7 or more $32,191
Disclosure of funds

If you are bringing more than CAN $10,000 across the Canadian border, you must tell a Canadian official when you arrive. If you do not tell an official, you may be fined or put in prison. These funds could be in the form of:

  • cash
  • securities in bearer form (for example, stocks, bonds, debentures, treasury bills) or
  • negotiable instruments (for example, bankers’ drafts, cheques, travellers’ cheques or money orders).
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