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Immigration through Canada's Start-Up Visa program has more than doubled

Immigration through Canada's Start-Up Visa program has more than doubled  In November, a 32.5% drop was observed in Start-Up Visa (SUV) entrepreneur immigration, following a rebound in October, as per data from Immigration, Refugees and Citizenship Canada (IRCC). The IRCC has set goals to welcome 5,000, 6,000, and 6,000 new residents via the SUV in 2024, 2025, and 2026 respectively.  Despite a slowdown in November, the program is expected to achieve record permanent resident admissions by the end of 2023. Until November, the SUV had facilitated the arrival of 1,145 new residents, marking a 104.5% increase from the previous year. Most SUV immigrants choose Ontario and British Columbia as their destinations, with Alberta, Manitoba, and Nova Scotia also seeing some arrivals. Before their application for permanent residence is processed, candidates under the SUV program may initially enter Canada with a work permit supported by their designated Canadian investor. Canada’s Start-up Visa

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