Apr 11, 2018 – Canada's Start-Up Visa Program officially became a permanent fixture on the immigration landscape as of March 31, 2018. The program aimed at entrepreneurs and business people made the transition from pilot to permanent, as Canada looks to attract people to set up new ventures and boost the economy.
The recent federal budget allocated $4.5 million to running the program over the next five years, which is expected to be spent on making the program more applicant-friendly.
About the Startup Visa Program
The Start-Up Visa Program was rare when it was launched in 2013, as a business immigration program that required no minimum investment and no minimum net worth.
This meant that a single viable business idea could lead to Canadian permanent residence for the applicant and dependent family members.
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The content of this article reflects the personal insight of Attorney Colin Singer and needs no disclaimer