Menu

Start-up Visa Educational and Financial Requirements

Posted in Start-up Visa

Education requirements

You must provide proof of your education with your application. Specifically, you will need:

· proof of having completed at least one year of post-secondary education

· proof that you were in good standing during at least one year while you were attending a post‑secondary institution

Your proof of education may be in the form of transcripts and a letter of good standing, or certificate or diploma or degree.

Have sufficient settlement funds

The Government of Canada does not provide financial support to new start-up business visa immigrants.

You must show that you have enough money to support yourself and your dependants after you arrive in Canada. You cannot borrow this money from another person. You must be able to use this money to support the costs of living for your family.

You will need to provide proof of your funds when you submit your application for immigration.

The amount of money you need to support your family is determined by the size of your family. These amounts are updated every year.

Number of Family Members

Funds Required (in Canadian dollars)

1 $11,115
2 $13,837
3 $17,011
4 $20,654
5 $23,425
6 $26,419
7 or more $29,414

Start Up Visa Inception

Since its inception, the Startup Visa initiative has achieved several milestones, from increasing awareness of the need for entrepreneurial immigration reform to changing entrepreneurial immigration policies on Parliament Hill. After a few years of hard work, the Startup Visa Canada initiative was successful in convincing the Canadian Government that creating a new Startup Visa program was the right way to go. This year on January 24th, Minister Kenny announced Canada’s new Startup Visa program would officially commence in April 2013.

Since Minister Kenny’s welcomed announcement, there have been a lot of questions floating around regarding what the startup ecosystems in Canada look like. To keep you informed, we’ve summarized the Startup Visa Canada Initiative’s live event below.

The first of its kind in the world, Canada’s new Start-Up Visa Program is available to international entrepreneurs who meet specific requirements laid out by Citizenship and Immigration Canada (CIC). This new visa program aims to connect immigrant entrepreneurs to experienced private sector organizations that have expertise in working with start-ups.

Tags: Canadian Permanent Residence Canadian Immigration Business Immigration Start-up Visa

Book a Consultation with Akrami & Assocaites

Book a Consultation Session!

One of our immigration specialists will assist you with your matter. Book Now!

Call Akrami & Assocaites

Call or Email us for more Information!

+1-416-477-2545 | Toll Free: 1-877-820-7121 | This email address is being protected from spambots. You need JavaScript enabled to view it.

Write to Akrami & Assocaites

Write Us (Online Form)

Leave us your information and one of our immigration specialist will contact you. Click here

  • Reviews

    Fantastic news, I entered Canada without a hitch. Once the guard at the border saw the package you had prepared for me, he took about ten minutes and handed me my permit. What I relief! I don’t know why I ever tried this without you guys! Thank you!

    Paul R. Rating StarRating StarRating StarRating StarRating Star
  • Reviews

    We have used Akrami & Associates for all of our immigration needs. They have never let us down and we couldn’t be happier. They took care of us from start to finish with little effort on our part. An excellent group of legal professionals.

    Michael W. Rating StarRating StarRating StarRating StarRating Star
  • Reviews

    Reception was very nice and was sure to answer the questions he could but made sure I was taken care of by a rep at the firm. Shabnam was extremely helpful and I will be calling again when I am ready to proceed.

    Salvatore M. Rating StarRating StarRating StarRating StarRating Star
  • Reviews

    Shabnam, I wanted to personally thank you for all your hard work and dedication to me and my wife. Our new lives together are all thanks to you. Considering the unique circumstances that initially prevented her, I had lost hope. I will make sure that if anyone I know needs immigration help, I will be sending them your way. Again, I can’t thank you enough.

    Frank T. Rating StarRating StarRating StarRating StarRating Star
  • Reviews

    I got my visitors visa thanks to Shabnam. I just want to thank her and all the team for her hard work. They all did a very good job.

    Lucy A. Rating StarRating StarRating StarRating StarRating Star
  • Reviews

    Akrami & Associates was extremely professional and the most efficient legal team I have ever had the pleasure of dealing. They responded to my emails quickly, never missed a phone call and explained the process to me in such a way that anyone could understand, even me. Thanks to them, I was able to hire the workers my business needed mush sooner than I had ever expected. You can’t go wrong with them.

    Fahim S. Rating StarRating StarRating StarRating StarRating Star