The Start-up Business Class is a business immigration program in Canada that allows foreign entrepreneurs with innovative business ideas to apply for permanent residency. It is designed to attract individuals who can establish and manage a high-growth business in Canada.

Here are the key eligibility criteria for the Start-up Business Class:

Ownership Requirements:

To be eligible, applicants must own at least 10% of the voting rights attached to all shares of the business and have the ability to exercise at least 10% of the voting rights.

Qualifying Business:

The business proposed by the applicant must be innovative, have the potential for high growth, and be incorporated in Canada. It should also have the potential to create jobs for Canadians or contribute to the Canadian economy in a significant way.

Letter of Support:

Applicants must obtain a letter of support from a designated organization. These organizations are business incubators, angel investor groups, or venture capital funds designated by the Government of Canada. A letter of support is required to submit an application.

Language Proficiency:

Applicants must demonstrate language proficiency in either English or French at a minimum Canadian Language Benchmark (CLB) level 5. This is typically proven through language test results.

Sufficient Settlement Funds:

Applicants must show that they have sufficient funds to support themselves and their dependents after arriving in Canada. The specific amount depends on the number of family members included in the application.

Education and Experience:

While there are no specific education or experience requirements for the Start-up Business Class, having relevant education, experience, or skills in business management, entrepreneurship, or a related field is beneficial.

It's important to note that the Start-up Business Class has specific requirements and regulations that can change over time. It is advisable to consult the official Immigration, Refugees and Citizenship Canada (IRCC) website or seek professional advice for the most up-to-date and accurate information regarding the program's eligibility and application process.