THE CHANGE OF THE VISA PROGRAM STARTUP CANADA

Just passed on April 29, 2024,  Bộ trưởng Bộ Di trú, Người tị nạn và Quốc tịch Canada – Marc Miller, vừa công bố những thay đổi quan trọng đối với chương trình đầu tư Liên Bang (Federal Business Programs), bao gồm Start-up Visa và Self-Employed, có hiệu lực từ ngày 30.04.2024 cho đến hết năm 2026.

In which, for the immigration program for Canada Start-up Visa (SUV) there are 2 change the following:

  • Limit number of records: in particular, every year just to receive approval for 10 start-ups (start-up) from every institution indicated. This means that each organization designation can only level 10 support Letter (Letter of Support) each year.
  • Priority review (Priority Processing) for projects starting a business is committed investment capital from Canada (Angel Investor, Venture Capital) or by a business incubator (Incubator) is a member of Canada's Tech Network, including the record was filed before 30.4.2024 and the record will submit new.

Can see The government of Canada are very pay attention to the Visa program start (SUV). This is the immigration program for entrepreneurs who desire to start businesses in Canada and become permanent residents along the whole family. After having priority notifications grow and attract immigrants through the SUV from the last quarter of the year 2023, the number of records increased rapidly, now up to 12,000 in a quarter. Therefore, this new policy helps IRRC in two ways:

  • Focus handle profile filed, reduce backlog, shorten the duration of processing.
  • Create opportunities for the candidates start up new real potential, innovative and entrepreneurial spirit needed to grow the Canadian economy.

Implications for participants:

  • For the Organization, specify (investment Funds):

The given quota will force the organization must consider more carefully in choosing and provide support for the startup group, SUVS, avoid level support Letter rampant and filing SUV massively, causing overload but not effective. This change is expected to help improve and navigate the program going in the right goals.

  • For candidates to join:

This new policy created no small challenge to candidates who participate in the program because will be screened and excluded records do not strictly follow the career which only aim chance to Canadian immigration. Besides, applicants should also consider the current profile SUV as soon as possible to avoid being affected by the change of the Ministry of immigration in the context of Canada is steadily “squeeze” the door settled.


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