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Since the introduction of the Start-up Visa Program (SUV) in 2013, many entrepreneurs and their families have quickly achieved permanent residency in Canada. With success in assisting hundreds of entrepreneurs and their families through this program, Second Citizenship would like to share some useful tips to ensure your SUV application process and obtaining Canadian Permanent Resident status goes smoothly and achieves the best results.
To successfully obtain a permanent resident card through the Canadian Start-up Visa Program (SUV), applicants must demonstrate the ability to develop an innovative business with global competitive potential in Canada. To do this, applicants must receive support from a business organization that is designated by IRCC and has experience in assisting start-ups in Canada.
Choosing an IRCC-Designated Organization
Currently, there are more than 60 IRCC-designated organizations, each capable of supporting foreign entrepreneurs in turning their business ideas into successful enterprises. Some organizations are investor groups, such as venture capital funds or angel investors, that support projects at the commercialization stage with a well-developed business plan. Meanwhile, other organizations are start-up incubators that assist projects in the early stages.
Regardless of the type of organization, we recommend that SUV applicants choose to work with designated organizations that have the following characteristics: (i) a proven track record of helping businesses succeed in their field, and (ii) a clear evaluation process to assess the qualifications of SUV applicants.
It is important to note that while IRCC does not specify the exact methods that designated organizations must use to assess SUV applicants, applicants must demonstrate that they have received validation from these organizations after going through an objective evaluation process that meets industry standards.
Therefore, if a designated organization supports your SUV application without conducting a thorough evaluation of your business proposal or qualifications, you should carefully consider submitting your application through that organization. A lack of transparency in the evaluation process could make it difficult to verify the legitimacy of your relationship with the organization, which could affect IRCC’s ability to make a positive decision on your visa application.
When participating in the Canadian Start-up Visa Program (SUV), in addition to receiving support from an IRCC-designated organization, the applicant must also demonstrate to IRCC officers that they have the necessary knowledge and experience to lead and grow their start-up company.
Verifying the Applicant's Leadership Experience
For example, if the applicant intends to develop a high-tech system through the SUV program but the application shows a lack of experience in technology or technology product management, the IRCC officer may question the applicant's ability to lead the company and face challenges during the permanent residency process.
To avoid such situations, we recommend that SUV applicants work with experienced immigration lawyers when preparing their applications. A well-prepared application should not only highlight the applicant's educational background, work experience, and professional network but also demonstrate their awareness of potential weaknesses and the steps they have taken to address anticipated challenges during the start-up proces.
To enhance the chances of success in obtaining a Canadian Start-up Visa (SUV), collaborating with experienced immigration lawyers is crucial. Your application must clearly show not only your educational background, work experience, and professional network that you can leverage to manage your start-up project but also prove that you have identified and addressed potential weaknesses in your entrepreneurial journey.
An important factor in the Canadian Start-up Visa (SUV) program is demonstrating the applicant’s serious commitment to developing their start-up business. IRCC requires that applicants prove they are not just taking over a business in Canada but are also actively involved in its operations. Otherwise, your application may be rejected.
IRCC may refuse an application if it finds that the applicant is not dedicating enough time or actively participating in the operation and development of the business in Canada. For example, in recent decisions by the Federal Court of Canada, working for the company in Canada for a short period (less than two weeks) was considered evidence of a lack of commitment by the applicant. Valid reasons such as the COVID-19 pandemic or family emergencies may be considered, but generally, applicants must demonstrate that they are actively engaged in running their business.
Demonstrating a Strong Commitment to Developing the Business
To maximize your chances of success, you should take the following steps to demonstrate a serious commitment to your start-up business:
Apply for a work permit to work and develop the business in Canada.
Take business trips and build a network of contacts to promote the growth of your business.
Hire the necessary staff to support the development of the products or services of your business.
Conduct market research to understand customer needs and create a brand identity for your business.
In addition to the steps above, SUV applicants often need to provide documented evidence of the business's progress and activities to support a positive decision on their application. Some important documents you should keep include:
Business plan and company formation documents..
Tax records and office lease agreements.
Business contracts, employment contracts, and invoices.
Airline tickets, emails, and meeting minutes with the designated organization and other stakeholders.
Following these steps shared by Second Citizenship can significantly increase your chances of success when applying for the Canadian Start-up Visa (SUV) program and obtaining permanent resident status in Canada.
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