Canada’s Start-Up Visa attracts more immigrant entrepreneurs

What has happened? According to the latest data from Immigration, Refugees and Citizenship Canada (IRCC), the number of new permanent residents coming to Canada as entrepreneurs under the start-up visa program has increased by 6.3 % compared to the same period last year.

The most popular destinations for immigrant entrepreneurs arriving under the SUV (January-June):

• Ontario (155)
• British Columbia (125)
• Alberta (20)
• Manitoba (35)
• Nova Scotia (10)

None of the other provinces or territories added any new permanent residents through the SUV in the first six months of this year.

Perspectives. Canada's Start-Up Visa Program, designed to attract high-calibre entrepreneurs with the skills and attributes for business success, is set to expand dramatically over the next three years.

The government’s Immigration Levels Plan for 2023 to 2025 allows for 3,500 newcomers in the federal business category in 2023, rising to 6,000 by 2025.

The majority of this allocation is expected to come through the Start-Up Visa Program.

Source: Immigration.ca

Photo by Alex Shutin on Unsplash

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