News and developments
Latest Changes to the Canada Start-up Visa Program: Cap on Applications
Key changes were announced by the Canadian government regarding the program to be effective 30 April 2024.
In this article, we will first provide you with an overview of the SUV program and review the key changes.
What is the Canada Start-up Visa (SUV) Program
The SUV program is designed for foreign entrepreneurs worldwide with innovative business ideas who can contribute to Canada's economic growth by establishing a Canadian start-up venture. Some of the key criteria include the following:
Author: Lily Wang
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- Qualifying Business: The applicant must operate and manage the business venture from within Canada;
- Committed Support from IRCC-designated Entity: The applicant must secure a letter of support from a designated organization;
- Language Requirement: The applicant must meet a minimum of level 5 in the Canadian Language Benchmark Test in English or French, in speaking, reading, listening, and writing;
- Financial Capacity: The applicant must be able to financially support himself and his dependent family members; and
- Admissibility Requirements: The applicant and his dependent family members must be in good health and have a clean criminal record.
Author: Lily Wang