500 Canada Permanent Residence issued to Start-up visa candidates in Jan

Highlights:500 start-up visa candidates acquired Canada Permanent residency in January 

• Over the previous month, Canada start-up visas expanded by 58.1 per cent in January.
• This year, January’s level of immigration was 880 per cent higher than the 50 per cent resident who arrived in Canada in 2023.
• 5,880 new permanent residents will migrate to Canada, four times more than last year by the end of this year.
• British Columbia and Ontario remain the most popular destinations for Start-up visas.

*Do you want to check your Canadian eligibility? You can do it for FREE and get an instant score with the Y-Axis Canada Immigration points calculator.

Details about Canada Start-up visa:

The Canada Start-up visa program launched in 2015 only saw 55 immigrant entrepreneurs come to Canada. In 2016, the number doubled to 110 permanent residents and later on rose up to 22.7 per cent.

 

Here is the table that demonstrates the immigration count in Canada in different years:

Year	Total no of immigrants
2019	515
2020	260
2021	385

 

Until 2020, the SUV had risen more than last year compared to the previous year.

 

*Want to apply for PR in Canada? Y-Axis is here to help you.

 

Ontario and British Columbia saw a rise in Canadian start-up visas:

Ontario and British Columbia remained the most popular destinations for SUV immigrants. In the first month of this year, British Columbia received 170 new permanent residents and Ontario received 275 new permanent residents through the program.

 

Here is the detail of provinces that welcomed entrepreneurs in 2024

Province/ Territories	No Permanent residents
Ontario	275
British Columbia	170
Alberta	5
Manitoba	35
Nova Scotia	5

 

 *Looking for Canada’s Start-up Visa? Y-Axis will help you with the step-by-step process.

Requirements to apply for Canada Start-up visa:

For a Canadian start-up visa, the investment and development of the business are usually done with the help of a business consultant in the Canadian start-up ecosystem.

 

The basic requirements of an SUV are:

 

• Should have a qualified business
• A commitment certificate and letter of support from a designed entity
• Sufficient funds
• Language proficiency in French or English with minimum Canadian language benchmark level 5.

 

*Are you looking for step-by-step assistance for Canada Immigration? Talk to Y-Axis, the leading Overseas Immigration Company.

 

For recent Immigration updates do check out: Y-Axis Canada Immigration news

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