Skip to main content

The Start-Up Visa (SUV) program attracts more and more business immigrants

The Start-Up Visa (SUV) program attracts more and more business immigrants

The Start-Up Visa (SUV) program attracts more and more business immigrants


The popularity of the Start-Up Visa (SUV) increased in August as 175 new permanent residents settled in Canada through the program, a 29.6% increase from July. 


Immigration, Refugees and Citizenship Canada (IRCC) has planned to admit more Start-Up Visa applicants, increasing from 1,000 per year in the past few years to 3,500, 5,000, and 6,000 in 2023, 2024, and 2025, respectively. 


This increase in immigration through the SUV in August was notable, considering the spike in immigration in July. By the end of August, Canada had welcomed 640 new permanent residents through the SUV, potentially reaching up to 960 by the end of the year if current immigration levels continue.


About the Start-Up Visa (SUV) program


The start-up visa program may make it possible for entrepreneurs to immigrate to Canada. Canada is on a search for bright entrepreneurs who are eager to start businesses that will boost its economy and offer job opportunities to its citizens. The Start-up Visa Program in Canada encourages immigrant business owners who have the skills and ability to start successful businesses in Canada:

  • are innovative

  • can create jobs for Canadians

  • can compete on a global scale


Eligibility Requirements for the Start-up Visa Program


You must fulfill all 4 eligibility requirements for the Start-up Visa Program in addition to the requirements for entry into Canada in order to be eligible. You must:

  • have a qualifying business

  • have a letter of support from a designated organization

  • meet the language requirements, and

  • have enough money to settle and live in Canada

About the 2023-2025 Canada Immigration Levels Plan 


On November 1, 2022, the 2023–2025 Immigration Levels Plan was introduced, defining the path for raising immigration levels to support Canada's economic growth and meet labor market needs. The 2023–2025 Immigration Levels Plan will help Canada maintain its position as one of the top talent destinations in the world while reuniting families and fulfilling Canada's humanitarian obligations, including the resettlement of Afghans who are in need of assistance.


With a stronger emphasis on regional immigration to spread the advantages of immigration across Canada, the Levels Plan gives economic immigration priority in order to support the development of a strong economy. More than half of all expected admissions are for the economic class.


On November 1, 2022, the 2023–2025 Immigration Levels Plan (Levels Plan) was introduced in Parliament. It included the following targets for admitting new permanent residents:

  • 465,000 in 2023 (range: 410,000-505,000)

  • 485,000 in 2024 (range: 430,000-542,500)

  • 500,000 in 2025 (range: 442,500-550,000)


Join our RSS Feed 


Want to know more details about “The Start-Up Visa program attracts more and more business immigrants” you can contact one of our immigration specialists at  Gunness & Associates.




Tel: (416) 604-2669 

Email: info@immigrationmatters.info


Gunness & Associates has helped thousands of people successfully immigrate to Canada with their families. Our skilled and experienced immigration experts have the expertise to accurately examine your case and advise you on the best method of proceeding to best serve your needs.



For honest and straightforward advice, contact the experts

at Gunness & Associates



Get a free Assessment 


Join our newsletter and get up-to-date immigration news Click here




All rights reserved ©2023 Gunness & Associates
Labels:
Location: 3500 Dufferin St Suite 501, Toronto, ON M3K 1N2, Canada

Comments

Post a Comment

Popular posts from this blog

OINP held two draws under the Employer Job Offer: Foreign Worker Stream

OINP held two draws under the Employer Job Offer: Foreign Worker Stream On January 9, 2024, the Government of Ontario held two draws in the Employer Job Offer: Foreign Worker Stream ( EJO FW ) Stream of the Ontario Immigrant Nominee Program (OINP).  The province issued 821 targeted invitations to apply (ITAs) to tech and healthcare occupations and 630 ITAs for skilled trades workers. The minimum scores for these draws were 40 and 33, respectively.  All invitees have profiles created between January 9, 2023, and January 9, 2024. So far, the province invited 1,451 candidates under the OINP in 2024. Invited Skilled trades occupations  Candidates were only invited if they had a score of 33 or higher and a job offer in one of the national occupational codes (NOC) listed below: NOC 22212 - Drafting technologists and technicians NOC 22301 - Mechanical engineering technologists and technicians NOC 22302 - Industrial engineering and manufacturing technologists and technicians NOC 22311 - Electr
Post a Comment
Read more

Canada Ranks #1 as the world's preferred work destination

A recent study from the UK-based firm Givetastic has put Canada at the top of the list of most preferred work destinations worldwide. This conclusion was drawn after examining the average monthly search volume for keywords such as "jobs'' and "work," translating as needed.  The study surveyed individuals in 164 countries and highlighted Canada's strong healthcare system, employee benefits, and thriving job market as major draws. Remarkably, Canada was the top pick for 56 countries, representing 34.1% of the world's nations. This underscores Canada's standing as a leading global employment center. The study found that several nations, including Bangladesh, Nigeria, the Philippines, Singapore, South Korea, the US, Chile, Kenya, and Ecuador, ranked Canada as their top destination for employment.  For many reasons, Canada is a popular place for foreign nationals to work and immigrate. The country's main advantages are its excellent standard of living,
Post a Comment
Read more

The latest Ontario OINP Draw invited 1,654 candidates in the job offer Stream

The latest Ontario OINP Draw invited 1,654 candidates in the job offer Stream On January 19, 2024, the Government of Ontario held the latest Ontario-OINP draw in the Employer Job Offer: Foreign Worker Stream (EJO FW) Stream of the Ontario Immigrant Nominee Program (OINP).  The province issued 1,654 invitations to apply (ITAs) in the General draw of the EJO FW stream. All invitees have their profiles created in the Express Entry system between January 19, 2023, and January 19, 2024. The minimum score for this draw was 50. In total, Ontario invited 6,641 candidates through the OINP streams in 2024. The January 9 targeted profiles for the previous OINP Foreign Worker stream had job offers in any of the 63 skilled trade occupations, 41 healthcare occupations, or 15 tech occupations. After receiving the invitation, candidates must submit their completed application within 14 calendar days. Ontario-OINP invitation draws of 2023 to date Ontario's nomination allocation for 2023 has reached
Post a Comment
Read more