Posted on November 01 2022
Abstract: The number of individuals coming to Canada has increased to thrice the number it was in 2021.
Entrepreneurs are establishing businesses in Canada under the SUV or Start-Up Visa program. The number of individuals investing in a business in Canada has increased to approximately 3 times the number of individuals who invested in 2021.
By August 2022, 420 immigrants were issued Canada PR or permanent residency through the SUV program. The figure is approximately 190% more than the figures for individuals coming through the SUV program in 2021.
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The first 8 months of 2022 witnessed more individuals coming to Canada under the SUV program than it did since the onset of the pandemic. The figures were approximately close to the pre-pandemic levels.
In August, the number of new Canada PRs issued through the SUV increased by 22.2%, and an additional 10 applicants were sent invitations to apply for Canadian permanent residency. The details of the number of ITAs or Invitation to apply for permanent residency are given in the table below:
|Canada PR through the SUV in 2022|
|Month||No. of ITAs|
If the current rate persists Canada is likely to welcome 630 individuals through the SUV program.
The two provinces that have benefitted from the SUV program are:
Individuals applying through the SUV program can arrive in Canada with a work permit authorized by their Canadian investor before applying for their Canada PR.
Through the SUV, 3 types of investors in the private sector are considered. They are:
The eligibility criteria for the candidates of the SUV program are:
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