Canada Start-up Visa – Common Myths in the Market

When it comes to Canada's Start-up Visa, there are many common misconceptions that might leave you confused or uncertain about the process and requirements. Below are important facts to clarify these frequent misunderstandings about this visa program.

Do you need an established business to qualify for the Start-up Visa?

Fact: You do not need to have a long-established business to apply for Canada’s Start-up Visa. In reality, this program is designed to support entrepreneurs with innovative start-up ideas that have growth potential. What matters is that your idea receives backing from eligible investment organizations and that you have a clear business plan.

Canada's SUV Program is Highly Valued

Do you need significant capital to qualify for the Start-up Visa?

Fact: There is no specific minimum capital requirement to apply for Canada’s Start-up Visa. What matters most is having a viable business plan and support from designated investment organizations. These organizations help ensure that your idea has potential and that you have the capability to execute it.

Must you own a business before applying for the visa?

Fact: You do not need to own a business before applying for the Start-up Visa. You simply need a clear start-up idea supported by designated investment organizations. The Start-up Visa is designed to assist you in establishing your business in Canada.

You Must Show Passion and Commitment to Fulfill Obligations

Is the Start-up Visa only for entrepreneurs in the tech industry?

Fact: While many applicants in the tech sector are accepted, Canada’s Start-up Visa program is not limited to the technology industry. You can apply with any start-up idea, as long as it has the potential to create jobs and contribute to Canada’s economy.

Is the Start-up Visa application process highly complex and time-consuming?

Fact: The application process for the Start-up Visa can be simpler than you think if you prepare thoroughly. The key is to meet all the requirements and provide accurate information. Ensure that you have a clear business plan and support from designated investment organizations to help expedite the process.

Basic language proficiency and the freedom to choose your place of residence in Canada

If you have any questions about the Canada Start-up Visa or need assistance during the application process, please contact Second Citizenship for detailed consultation and dedicated support.