{"id":136069,"date":"2024-03-12T14:52:20","date_gmt":"2024-03-12T18:52:20","guid":{"rendered":"https:\/\/immigration.ca\/nearly-500-start-up-visa-candidates-get-permanent-residence-in-january\/"},"modified":"2024-03-12T15:01:55","modified_gmt":"2024-03-12T19:01:55","slug":"nearly-500-start-up-visa-candidates-get-permanent-residence-in-january","status":"publish","type":"post","link":"https:\/\/immigration.ca\/fr\/nearly-500-start-up-visa-candidates-get-permanent-residence-in-january\/","title":{"rendered":"Nearly 500 Start-Up Visa Candidates Get Permanent Residence In January"},"content":{"rendered":"

The rapidly-growing popularity of Canada\u2019s Start-Up Visa<\/span><\/a>\u00a0(SUV) entrepreneur immigration program saw it expand by 58.1 per cent in January over the previous month as 490 immigrant entrepreneurs became new permanent residents, the latest data from Immigration, Refugees and Citizenship Canada (IRCC) reveals.<\/p>\n

Last year, the SUV set a new record as 1,460 new permanent residents arrived through it, easily beating out the previous record of 575 new permanent residents in 2022.<\/p>\n

And that explosive growth in the SUV is still happening.<\/p>\n

January\u2019s level of immigration through the SUV this year was 880 per cent higher than the 50 permanent residents who arrived in Canada through the program during the comparable month in 2023.<\/p>\n

The first month of the year saw so much SUV immigration to Canada that if that level of SUV immigration were projected out to the rest of the year it would result in 5,880 new permanent residents by the end of this year, more than four times as many as last year.<\/p>\n

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Launched in 2015, the\u00a0SUV\u00a0saw only 55 immigrant entrepreneurs come to Canada through that program in its initial year.<\/p>\n

That number, though, doubled to 110 new permanent residents in 2016 and rose another 22.7 per cent the following year. By 2018, the program had more than quadrupled in popularity with 240 new permanent residents arriving under the\u00a0SUV\u00a0that year.<\/p>\n

In 2019, the last full year before the arrival of COVID-19, the\u00a0SUV\u00a0welcomed 515 new permanent residents to Canada.<\/p>\n

As the pandemic swept across Canada and public health and travel restrictions were imposed, though, immigration plummeted 45.9 per cent \u2013 and the number of people who arrived under the\u00a0SUV\u00a0fell in tandem with that overall drop in immigration to Canada.<\/p>\n

In 2020, only 260 immigrant entrepreneurs became new permanent residents of Canada through the\u00a0SUV.<\/p>\n

With immigration rebounding strongly in 2021 to hit 406,020 new permanent residents, the\u00a0SUV\u00a0also saw increased activity with 385 new permanent residents coming to Canada through it that year, an improvement of 48.1 per cent over 2020.<\/p>\n

It took until 2022 for the\u00a0SUV\u00a0to fully recover from the pandemic-fuelled downturn but it more than doubled in popularity last year compared to the previous year.<\/p>\n

SUV Entrepreneurs See Ontario, British Columbia As Choice Destinations<\/h3>\n

Ontario and British Columbia remain the most popular destinations for\u00a0SUV\u00a0immigrants.<\/p>\n

Ontario had received 275 new permanent residents through the program in the first month of this year and British Columbia welcomed 170 that month.<\/p>\n

Alberta added five new permanent residents through the program in January and Manitoba added 35 immigrant entrepreneurs through the\u00a0SUV\u00a0during that month.<\/p>\n

The only other province to see the arrival of immigrant entrepreneurs through the\u00a0SUV\u00a0in January was Nova Scotia which\u00a0welcomed five.<\/p>\n

None of the other provinces or territories added any new permanent residents through the\u00a0SUV\u00a0that month.<\/p>\n

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