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IT
Entrepreneurs face nearly five-year wait for Canada’s Start-up Visa
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BetaKit
Canada’s Start-up Visa (SUV) Program offers a direct path to permanent residency for foreign entrepreneurs with innovative business ideas.
In 2018, SUV applications took 11 months to process, compared to 16 months in 2019, the report indicates.
Program wait times surged to 28 months in 2020 and have grown since then, hitting 32 months in 2022, the last year the report covers.
That IRCC SUV report from 2023 found that incubators were responsible for four-fifths of all submissions.
The Global Talent Stream, a fast-track initiative that lets Canadian tech companies quickly and temporarily hire skilled foreign workers, has also faced criticism for increasing wait times.