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Canada Start-Up visa has become very popular among the immigrants who want to start a business in Canada. From January to June, the number of permanent residents settled in Canada through this program is 325. If this will be the pace, 385 more candidates will be welcomed as permanent residents at the end of this year.
The SUV program is attracting more number of entrepreneurs this year which will be a reason for 150 percent increase in welcoming the new permanent residents.
In 2019, the number of entrepreneurs invited was 515. In 2022, comparatively, it rose to 26.2 percent. The popularity of the program grew in the last six months. The number of entrepreneurs who settled in Canada under this program is as follows:
|Month||Number of permanent residents|
In April and May, the number of permanent residents went down due to the sixth wave of the pandemic. In June, 43,705 immigrant entrepreneurs settled as permanent residents in Canada which was 23.4 percent more in comparison to January. In 2019, 55 new permanent residents were invited under the SUV program.
In 2020, immigration to Canada decreased due to the pandemic. The total number of permanent residents invited to Canada in 2019 was 341,175 which went down to 184,585 in 2020. The invitations under the SUV program also decreased by 49.5 percent.
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