Start-up visa (SUV) is the most prominent business visa for Canada. It is facilitated by foreign entrepreneurs with unique business ideas and who are sponsored by venture capitalist, angle investors or business incubators. Entrepreneurs having innovative businesses as well as established start-ups might benefit from this program to obtain permanent residency (PR) in Canada. Through this scheme, up to five founding members of a start-up can be granted Canadian residence status.
As of 2021, ease of doing business in Canada ranked 23rd worldwide. The highest score were obtained in starting the business, trading across the borders and paying taxes.
Canada is the major hub in the search of new entrepreneurs who can generate employment for its citizens and can boost Canadian economy. Start-Up Visa was initially an experimental program for three years until it was made permanent on March 31 in 2018.