Canada's Start-Up Visa Program Witnesses Surge in January 2024

January 2024 witnessed a significant uptick in the Start-Up Visa (SUV) program of Canada, as nearly 500 immigrant entrepreneurs secured permanent residency. This surge represents a notable 58.1% increase from the previous month. The SUV program had already set a record last year by welcoming 1,460 new permanent residents. The program's popularity continues to soar, evidenced by a remarkable 880% rise in January's immigration levels compared to 2023. Ontario and British Columbia maintain their positions as top destinations for SUV immigrants, with Alberta, Manitoba, and Nova Scotia following closely. Launched in 2015, the SUV program provides a pathway to permanent residency for candidates with qualifying businesses and investments. Initial application processing for permanent residence is estimated to take approximately 37 months.

For those interested in delving deeper into Canada's immigration programs and policies, we encourage you to explore our article on "IRCC Updates Study Permit Application Guidelines for Foreign Nationals".