Congratulations to our Canadian SUV immigration clients on receiving their Letters of Support!
In 2024, to reduce permanent residency quotas, the Canadian immigration authorities adjusted or closed several immigration programs. Examples include: the Quebec Investor Program adding a French Level 7 requirement; the Alberta Employer-Driven stream introducing an EOI system; the Saskatchewan Entrepreneur stream raising language requirements to CLB 5; the federal SUV program limiting each designated organization to a maximum of 10 Letters of Support per year and changing closed work permits to open work permits; suspending federal self-employed immigration applications, the Quebec PEQ, and the Quebec regular skilled worker program; and closing the Ontario Entrepreneur stream, among others. Against this backdrop, those who wish to immigrate to Canada need to plan their immigration pathway as early as possible.
If you are considering immigrating to Canada, the Canadian Federal Start-Up Investment Immigration (SUV) program is an excellent choice. The Canadian Federal Start-Up Investment Immigration (SUV) program is the only "group" immigration program, where one start-up project can allow up to five applicants to immigrate in a batch. Furthermore, this program is managed by the Canadian federal government, receives strong support from the federal government, and is processed directly at the federal level. Successful SUV applicants can bring their spouses and dependent children under the age of 22 to apply directly for permanent residency, and they can live, work, and study anywhere in Canada outside of Quebec. More importantly, the permanent residency status already obtained by the entrepreneur will not be revoked even if the business fails! The program has simple application requirements: no asset requirements, no need to prove the source of funds, and no management experience requirements. Applicants only need to reach CLB 5 in language proficiency and can submit their application after meeting the relevant conditions.
Moreover, starting from October 3, 2024, SUV applicants are allowed to apply for an open work permit for up to three years, rather than the one-year closed work permit that restricted them to working only for their own start-up company. These measures indicate that SUV applicants have the opportunity to earn additional income from work outside their own start-up to alleviate the financial pressure on themselves and their families in Canada. Furthermore, eligible spouses or common-law partners can also apply for open work permits, and children can apply for study permits, which undoubtedly provides more comprehensive support and more options for the entire family.
Canadian immigration policies are becoming increasingly stringent. For those interested in immigrating to Canada, choosing the Canadian Start-Up Investment Immigration (SUV) program and starting as soon as possible to get on board is the wise choice! Achieve both your entrepreneurial and immigration dreams, seize this favorable opportunity—it is a rare chance that should not be missed!
As one of the Top 500 Asian Brands and with over 20 years of focus on investment immigration, Worldway Group possesses an industry-leading project analysis team, a professional documentation team, and a comprehensive customer service team. We cooperate with numerous powerful Canadian institutions to provide investors with professional, comprehensive, and diversified services, making us worthy of your choice!
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