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What are Commitment Certificates for Start-Up Visa?

What are Commitment Certificates and Letters of Support?

For international entrepreneurs seeking permanent residency in Canada through the Start-Up Visa (SUV) program, obtaining commitment certificates and letters of support is crucial. These documents are provided by designated organizations willing to invest in or support start-ups.

Commitment Certificates: What You Need to Know

A commitment certificate is a document issued by a designated private sector business confirming their agreement to support the applicant's venture under the SUV program. It contains information about the organization, the applicant, the business venture, and work permits.

Key Details in Commitment Certificates

  • Information about the designated entity

  • Details about the applicant and entrepreneurial team

  • Description of the business venture

  • Business structure and background information

  • Work permits for essential applicants

Validity and Application Process

Commitment certificates are valid for six months, during which the applicant must apply for permanent residence and, if necessary, a work permit.

Letters of Support: Essential Documentation

A letter of support is provided by designated angel investor groups or venture capital funds to the applicant as proof of their support for the business idea. Each applicant can receive up to five letters of support.

Contents of Letters of Support

  • Information about the designated organization

  • Details of the commitment certificate

  • Information about the applicant and the entrepreneurial team

  • Proof of support for the business idea

Inclusion in Permanent Residence Application

These letters of support are included in the applicant's permanent residence application under the SUV program.

Basic Eligibility Requirements

To qualify for the SUV program, candidates must meet several criteria:

  • A qualifying business

  • Commitment certificate and letter of support from a designated entity

  • Sufficient settlement funds

  • Proficiency in English or French

Financial Support and Settlement Funds

Canada does not provide financial support to SUV applicants. Candidates must demonstrate they have sufficient unencumbered funds to support themselves and their dependents in Canada.

Timeline and Application Process

It typically takes four to six months to secure a commitment certificate or letter of support. Once obtained, the permanent residence application can be submitted, with a processing time of approximately 18 months.

Requirements for Permanent Residence

To qualify for permanent residence, the intended business must be incorporated and operating in Canada. The candidate must own at least 10% of the voting rights in the corporation, with no other individual holding 50% or more of the voting rights.

Supporting Multiple Candidates

A single business investment can support up to five candidates in their permanent residence application.

By adhering to these guidelines and requirements, immigrant entrepreneurs can navigate the Start-Up Visa program effectively and pursue their goals of establishing a business and obtaining permanent residency in Canada.

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