Start-up Visa Program (from Spain to Canada)
Canada’s economy, one of the largest in the world, presents numerous business opportunities. The Start-up Visa Program lets you take advantage of the booming business terrain as a Spanish entrepreneur with a unique business plan.
For more information about how to apply for Canada’s Start-up Visa Program, call us at +44 (0) 333 305 9375 or message us online. We are available to provide you with the assistance you need.
What Is a Start-up Visa Program in Canada?
Canada’s Start-up visa program allows foreign nationals, including Spanish citizens, to immigrate to Canada and set up a new business with the support of a business incubator, angel investor, or venture capital fund.
This program aims to attract entrepreneurs who can create jobs and boost economic growth. Successful applicants and family members can relocate from Spain to Canada within 3 – 6 months.
Differences Between the Start-up Visa Program and the Others
As a Spanish citizen looking to start a business in Canada, there are several immigration programs to choose from. Each program has unique benefits and requirements; understanding the differences is necessary to select the best fit for your goals.
Other Canadian Business Immigration Programs include the C11 Entrepreneur Work Permit, Intra-Company Transfer Program, Self-Employed Category, Provincial Nominee Programs, and Quebec Immigrant Investor Program.
- The C11 Entrepreneur Work Permit is for entrepreneurs who want to start or buy a business in Canada, with a focus on job creation and economic growth
- The Intra-Company Transfer Program is for employees of international companies who want to transfer to a Canadian branch or subsidiary
- The Self-Employed Category is for individuals who want to become self-employed in Canada, typically requiring relevant experience and a significant contribution to Canadian culture or athletics
- Provincial Nominee Programs, offered by various Canadian provinces, cater to entrepreneurs with specific business plans and investment proposals
- The Quebec Immigrant Investor Program is for investors who want to invest in Quebec’s economy and settle in the province
If you want to move from Spain to live and start a business in Canada, the Start-up visa program might be the best option for you. It offers:
- permanent residency with no net worth requirement or job quotas;
- a streamlined application process with support from designated organisations
Eligibility Criteria for the Start-up Visa Program
To qualify for the Start-up visa program, the government of Canada requires that you:
- Register your business within Canada with a minimum of 10% voting rights in the company alongside a Designated Organisation
- Have more than 50% voting rights (including the Designated Organisation)
- Secure a funding commitment from a recognised organisation, such as an angel investor, venture capital fund, or business incubator. The minimum investment amount required is $75,000 from an angel investor and $200,000 from a venture capital fund
- Be French/English proficient; CLB 5. This can be done by taking a French or English test at an approved agency
- Show proof that you can financially support yourself and your dependents when you arrive in Canada. The amount will be determined by the number of dependents you’re coming with
Application Process for the Canadian Start-up Visa Program
The process of obtaining a Canada Start-up visa consists of three phases:
- Assessing your business plan and your ability to drive its success as an entrepreneur/business owner
- Applying for immigration
- Launching and growing your start-up while your permanent residency application is being processed
A Guide to Applying for the Start-up Visa Program
If you meet the Start-up visa program’s basic eligibility criteria, follow these steps to submit your application:
Step 1: Define your business plan: This step involves turning your innovative plan into a well-thought-out business concept. You need to ask yourself these questions:
- What problem does my business solve?
- Who are my target customers?
- What products or services do I offer?
- How will I operate and grow my business in Canada?
- How will my business create jobs and boost economic growth in Canada?
Doing this creates a solid foundation for your start-up and increases its chances of success.
Step 2: Find and secure support from a designated organisation: To participate in the Start-up visa program, you need to find a designated organisation that aligns with your business plan. There are 84 authorised organisations in Canada, each with its criteria and interests.
Prepare your required documents: Collect and prepare all essential documents for your application.
Submit your application: Complete and submit the required forms, documents, and fees for the Start-up visa program. Ensure you include all necessary documents, such as a Letter of Support from a designated organisation, Pitch Deck, Articles of Incorporation, Capitalisation Table, Financial statements, and forecasts. You can submit your visa application online.
Launch your business: After submitting your application, start your business in Canada according to your plan. You may also apply for a work permit to move to Canada sooner.
Update Immigration, Refugees and Citizenship Canada (IRCC) on your progress: Keep IRCC informed about your business progress every 6 months to show commitment and alleviate potential concerns. This is necessary to avoid application rejection.
Receive a decision: IRCC will notify you of their decision. If approved, you’ll receive PR status. If not, you’ll receive reasons and instructions on the next steps.
Documents Needed for the Application
- Proof/Confirmation of your permanent residence application submission, which may include:
- Acknowledgement letter
- Courier receipt for mailed applications
- Payment confirmation
- Letter of Support from a designated entity
- Proof of sufficient funds to support yourself and your family
- Medical examination results
- Valid police certificate (if required)
- Proof of sufficient funds to launch your business, separate from personal living expenses
Evaluation Process and Timelines
The processing time for the Start-up Visa applications can take about 40 months, or around three years, as of September 2024. Processing times are dependent on the workload of the immigration office.
Common Pitfalls to Avoid During the Application
- Incomplete or incorrect application forms: Ensure you properly fill out all sections of the application form – this includes your name and Spanish passport number
- Failure to provide all relevant supporting documents proving that you meet the eligibility requirements. You must also provide important documents, such as a medical exam report and a police clearance certificate
- Inaccurate details in your application can lead to rejection and a potential ban on re-applying for other Canadian visas
Challenges Faced by Start-up Visa Program Spanish Applicants
Spanish applicants may face challenges such as:
- High competition in securing support from designated organisations in Canada
- Lengthy processing times: waiting 3+ years for permanent residence processing can be challenging
- High capital investment requirements: founding partners may need to invest significant capital to secure support
- Business model requirements: a well-developed, viable, and proven business model is necessary
- There’s a moderate risk of refusals or delays at the permanent residence stage due to peer reviews
- Language differences due to lack of fluency in English or French
How Can Total Law Help?
Canada is a business-friendly country with a developed economy, making it an excellent destination for foreign businesses. The country has established itself as a key player in global trade, with agreements such as the Canada-European Union Comprehensive Economic and Trade Agreement (CETA).
As a result, immigration to Canada from Spain is a top priority for many entrepreneurs and business owners. However, the Canadian Start-up Visa process can be challenging due to the complexities of immigration laws.
That’s where Total Law comes in. Our experienced team is dedicated to guiding you through the process. We have a proven record of assisting applicants in getting approved for Start-up visas.
Our immigration lawyers take the time to understand your unique situation and needs. We carefully review your documents to ensure everything is in order. Our goal is to make the process as smooth as possible.
If you want to learn more about how we can help, message us online or contact us at +44 (0) 333 305 9375.
Advice Package
Comprehensive immigration advice tailored to your circumstances and goals.
Application Package
Designed to make your visa application as smooth and stress-free as possible.
Fast Track Package
Premium application service that ensures your visa application is submitted to meet your deadline.
Appeal Package
Ensure you have the greatest chance of a successful appeal. We will represent you in any case.
The Advice Package
During this untimed Advice Session with our professional immigration lawyers in London, you will receive our comprehensive advice, completely tailored to your needs and your situation.
The Application Package
With our Application Package, your dedicated immigration lawyer will advise you on your application process and eligibility. Your caseworker will then complete and submit your forms to the Home Office on your behalf.
The Fast Track Package
Our Fast-Track Application Package is a premium service for those who need to submit their application in time with their deadlines. Your case will become a top priority for our lawyers and you will benefit from our highest-quality services.
The Appeal Package
By choosing our Appeal Package, you can rely on our lawyers’ legal knowledge and experience to ensure you have the highest chance of a successful appeal. We will also fully represent you in any hearings/tribunals.
Related pages for your continued reading.
Frequently Asked Questions
If your business fails, it will not affect your permanent resident status. In case of failure, the risk is shared between the public and private sectors.
If your Start-up Visa application is rejected, you may want to consult with immigration experts to discuss potential next steps and options.
A team of up to 5 co-founders can submit a joint application for the Start-up Visa Program. However, the designated organisation will assess each team member’s role and determine who is critical to the business’s success.
You can find a list of designated organisations on the Immigration, Refugees and Citizenship Canada (IRCC) website. You can also contact organisations directly for further information and to inquire about their interest in supporting your business.
