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START UP VISA CHANGES - WHAT’S THE IMPACT?

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The IRCC announced two changes to the Start Up Visa program. Firstly, Designated Organizations can only support 10 startups each year. And secondly, faster processing times for startups with committed capital. What does it mean for you as a startup Founder?
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Опубликовано:

17 авг 2024

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Комментарии : 10

@pak987987 3 месяца назад

Thank you for more clarity.. 👍

@yallacanada 3 месяца назад

No worries! 🙂

@HomaGhale 3 месяца назад

Aren't they supposed to make a mechanism to keep SUV prices low? Cuz genuine businesses also, are not billionaires... So..

@yallacanada 3 месяца назад

Yes, you are correct. But that is way the program works. For a strong startup with significant revenues and growth, you can try applying for an incubator like DMZ which doesn’t charge a fee, but the odds of getting in is like winning a lottery.

@Faisal.bitcoin 2 месяца назад

if i got support letter from Designated Organizations, thats mean my visa approval wil be 100% ?? if no can ypu explain the reasons for refuse the visa, thank you

@yallacanada 2 месяца назад

A Letter of Support is required to apply but does not guarantee you PR in any way. You will need to make progress on your business, while meeting all eligibility and admissibility requirements. Please watch our other videos on what is required for PR success.

@Faisal.bitcoin 2 месяца назад

@@yallacanada thanks for your response mam, what about work permit, if i got the letter of support, that’s mean 100% i will got the work permit and come to Canada?

@yallacanada 2 месяца назад

@@Faisal.bitcoin No, a letter of support does not guarantee you a work permit. You will need to explain the urgent business reasons why you need to be in Canada, besides meeting the other work permit requirements.

@ohiojeiku8600 2 месяца назад

What happens to Start-Ups who have already applied and awaiting approval??

@yallacanada 2 месяца назад

Please do watch the video where I have addressed this point. In general, it does not affect existing startups. Maybe it might result in slightly faster processing.