Residency by Investment

Canada Start-Up Visa

Canada offers a cosmopolitan, family-friendly lifestyle and an excellent education system. The SUV Program offers foreign entrepreneurs permanent residence status in this thriving North American market through the creation of an innovative business. Investing in a Canada SUV assures entrepreneurial flexibility.

2013

canadian program began

C$275,000

minimum requirement

36-37 months

months processing time

Canada is home to one of the world’s best-performing economies. So, naturally, it’s an extremely appealing market in which to establish a business.

The Canada Start-Up Visa (SUV) Program connects entrepreneurs with Canadian Government Designated Organizations (DOs) to engineer an innovative start-up venture.

Residency by Investment

The cost of the Canada Start-Up Visa (SUV) Program is much lower than the former Quebec Immigrant Investor Program. In addition, quicker processing times allow you to settle more promptly in Canada.

Follow a Route to Canadian Citizenship

You and your family also will be able to apply to become Canadian citizens if you live in Canada for 3 years within the preceding 5-year period. Furthermore, you must be proficient in English and/or French. Lastly, you can’t have a criminal record.

Access Free Universal Healthcare

Taxes paid by citizens and Permanent Residents in Canada funds its public healthcare system.

Tap into Rich Natural Resources

Canada has the world’s second-largest oil reserves and, what’s more, the fourth-largest supply of fresh water.

Who Can Get Canada Residency

Investor

Firstly, over 18 years old
Secondly, own a qualifying business
Also, gain security clearance
Lastly, pass the medical examination

Spouse

First, over 18 years old Second, gain security clearance Finally, pass the medical examination

Children

One, under 22 years old
Two, unmarried as well
Three, also pass the medical and security examinations

Program Requirements

To qualify for the Canada Start-Up Visa (SUV) Program, you must fulfil ONE of the following investment options AND meet other requirements:

OPTION 1. Invest in a Venture Capital Fund

Invest C$325,000 in a Canadian Venture Capital Fund. This investment package includes a 10% shareholding in a new Canadian start-up and additional investments in other start-ups. It also covers initial due diligence, onboarding, corporate legal, professional, advisory, membership, and incubation fees.

OPTION 2. Become an Accredited Investor

Invest C$275,000 in an Angel Investors Group. This investment package offers a 10% shareholding in a new Canadian start-up and additional investments in other start-ups. It also includes initial due diligence, onboarding, corporate legal, professional, advisory, membership, and incubation fees.

OPTION 3. Invest in an Angel Investors Group

Make a C$275,000 investment in an Angel Investors Group. The package comprises a 10% shareholding in a new Canadian start-up and additional investments in other start-ups. It also covers initial due diligence, onboarding, corporate legal, professional, advisory, membership, and incubation fees.

Other Requirements and Benefits

As a Canada SUV Program applicant, you must demonstrate fluency in English or French to Canadian Language Benchmark (CLB) 5. Morever, you must bring enough money to settle. For instance, if you’re moving to Canada alone, you must have disposable funds of C$13,310. This increases to C$24,733 for a family of 4, take not. If you’re looking to raise a family, however, Canada is one of the safest countries in which to do so.

Speak To An Expert

The Latitude Group is a global leader in Residence and Citizenship by Investment. Our IMC-certified professionals are specialists in cross jurisdictional citizenship and residence planning. Moreover, we have more collective invesment migration industry experience than any other international firm.

Who Can Get Canada Residency

Investor

Firstly, over 18 years old
Secondly, own a qualifying business
Also, gain security clearance
Lastly, pass the medical examination

Spouse

First, over 18 years old Second, gain security clearance Finally, pass the medical examination

Children

One, under 22 years old
Two, unmarried as well
Three, also pass the medical and security examinations

Application Process

1

2 Client onboarding process and application filing

We commence our process with, naturally enough, Form 1. This enables us to carry out the initial Latitude due diligence. Following the successful screening, then we provide you with a Client Agreement (CA) to review and sign.

Upon receiving the signed agreement and retainer payment, next our legal team will help you complete the client business concept requirement. After this, the Canadian Government Designated Organization (DO) will pair you with the founder and two to three other applicants. This includes obtaining a letter of support from an Angel Group.

The next step you will need to take is to pay the primary investment. Rest assured that we will liaise with Immigration, Refugees and Citizenship Canada (IRCC) on your behalf.

In addition, you will receive assistance with preparing files and collecting documentation. We will also help you undergo medical and security verification.

Once you land in Canada, you will receive a Permanent Resident (PR) card and also finalize the agreement and initial payment. Plus, the Designated Organization (DO) will pair you with the founder and two to three other applicants. Furthermore, you will need to pay the primary investment.

Maintain your PR status under the SUV

As a Permanent Resident under the Canadian Start-Up Visa Program, it’s essential to maintain your status by residing in Canada for at least 730 days (two years) within a five-year period. So, failure to do so may result in losing your PR status and impact your ability to work, live, and travel in Canada.

However, there are provisions and exceptions for maintaining PR status if you cannot meet the residency requirement due to work or family obligations.

To ensure you maintain your PR status, it’s advisable to plan your stay in Canada carefully and seek professional advice if you need assistance navigating the requirements of the Canadian immigration system. By doing so, you can enjoy the benefits of being a Permanent Resident in Canada and continue to pursue your entrepreneurial goals with peace of mind.

Access a route to citizenship

You and your family members are eligible for Canadian citizenship under the Canadian Start-Up Visa Program if you meet specific requirements. These include residing in Canada for at least three out of the preceding five years (1,095 days) and, furthermore, having a clean criminal record.

The Canadian Government provides a clear and straightforward process to citizenship for eligible applicants. As a result, the Canadian SUV is an attractive opportunity if you’re looking to establish a permanent home in Canada.