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Start-Up Visa Program: Canada Sees Record-Breaking First Half Of 2022

Updated: Aug 31, 2022

Credit: Colin Singer

Canada immigration news: The popularity of Canada’s Start-Up Visa (SUV) program is growing with ever-higher numbers of immigrants seeking to set up businesses and become new permanent residents through it.

In the first six months of this year, 325 new permanent residents settled in Canada under this program, putting the country on track to welcome 650 immigrant entrepreneurs under the program by the end of this year.

That would be the highest number of new permanent residents under the SUV program since it was first launched as a five-year pilot program back in 2013.

If the current trend holds up for the rest of the year, the result would be an increase of 68.8 per cent over the 385 new permanent residents to Canada under the program last year.

The SUV program’s ability to draw immigrant entrepreneurs to Canada this year would also be a 150 per cent spike in new permanent residents under the program over its performance in 2020, during the height of the COVID-19 border closures and travel restrictions.