Are you an innovative entrepreneur in Nigeria with a groundbreaking business idea? Canada’s Start-Up Visa (SUV) program offers a unique opportunity to turn your vision into reality while securing Canadian permanent residence. Whether you’re looking to launch a tech start-up, expand a sustainable product line, or join Canada’s diverse business ecosystem, the SUV program can be the perfect pathway.
In this article, we’ll walk you through the entire process of applying for Canada’s Start-Up Visa from Nigeria in 2025, providing all the essential details you need to succeed, as well as important updates to the current IRCC policies.
Ready to start your journey toward Canadian permanent residence? Contact Chugo Immigration Services today for professional advice and assistance on how to apply for Canada’s Start-Up Visa. Let’s make your entrepreneurial dreams a reality in Canada!
Chukwuma Ekwulugo, RCIC
Introduction to Canada’s Start-Up Visa Program
Canada’s Start-Up Visa program is designed to attract innovative entrepreneurs from around the world, including Nigeria, to establish their businesses in Canada. Unlike other business immigration programs, the SUV doesn’t require applicants to have prior business experience or a large personal investment.
Instead, the key factor is your business idea and the support you receive from designated Canadian entities such as angel investors, venture capitalists, or business incubators.
Key Requirements for Nigeria-Based Entrepreneurs
To qualify for Canada’s Start-Up Visa, you must meet the following criteria:
- Qualifying Business
Your business must be considered a start-up and must meet certain criteria, such as being incorporated in Canada and carrying on business in Canada. Additionally, you must own at least 10% of the voting rights in the corporation, and no other individual or group can hold 50% or more of the voting rights. - Support from a Designated Entity
You must secure a commitment certificate or a letter of support from one of the following:- Designated Angel Investors: They must invest at least CAD $75,000 into your business. If you have more than one angel investor, their combined investment must total at least $75,000.
- Designated Venture Capital Funds: They must commit to investing at least CAD $200,000 in your business. Alternatively, multiple venture capital funds can pool their investments, totaling $200,000.
- Designated Business Incubators: If accepted into a business incubator program, you can qualify for the SUV. These programs offer mentorship, resources, and networking opportunities to help scale your start-up.
- Language Proficiency
You need to prove proficiency in either English or French at a minimum of Canadian Language Benchmark (CLB) Level 5. This can be demonstrated through a recognized language test like IELTS for English or TEF for French. - Sufficient Settlement Funds
The government of Canada does not provide financial support for new immigrants under the SUV program. Applicants must show that they have enough unencumbered funds to support themselves and their dependents in Canada.
The funds required are based on the size of your family, and the amounts are as follows:
| Family Size | Funds Required (CAD) |
| 1 | $13,757 |
| 2 | $17,127 |
| 3 | $21,055 |
| 4 | $25,564 |
| 5 | $28,994 |
| 6 | $32,700 |
| 7+ | $36,407 + $3,706 per additional family member |
- These funds must be available, transferable, and not borrowed.
What You Need to Know About the 2025 Policy Updates
In 2025, the Canadian government has streamlined the application process, with the aim of attracting more entrepreneurs to the country. Key updates include:
- Faster Processing Times: The processing time for permanent residency applications under the SUV program has been reduced, with an average timeline of 12 to 18 months from application to approval.
- Easier Access for Family Members: Applicants can bring their immediate family members (spouse and children under 22) to Canada. This makes the Start-Up Visa a more family-friendly immigration pathway.
- Increased Support for Immigrant Entrepreneurs: More business incubators and venture capital funds have been designated by the Canadian government, providing greater opportunities for support and investment for Nigerian start-up founders.
Get Expert Help from Chugo Immigration Services
Navigating the Start-Up Visa process can be complex, but you don’t have to do it alone. At Chugo Immigration Services, we specialize in helping entrepreneurs like you succeed in their immigration journey. Our team of Regulated Canadian Immigration Consultants (RCICs) can guide you through every step of the application process, ensuring that your business plan is robust, your application is complete, and your chances of success are maximized.
The Application Process for Nigeria-Based Entrepreneurs
- Create a Viable Business Plan
Before applying, you need to create a comprehensive business plan that demonstrates the viability of your start-up. Your business plan must meet the expectations of the designated entity that will be supporting your application. It is highly recommended to work with experienced business consultants or corporate immigration lawyers in Canada to ensure your plan aligns with industry standards and the needs of your chosen investor. - Secure the Commitment from a Designated Entity
Once your business plan is ready, approach a designated entity (angel investor group, venture capital fund, or business incubator). You will need to present your business idea and receive their support, typically in the form of a letter of support or commitment certificate. - Apply for a Work Permit
Once you secure the letter of support, you can apply for a temporary work permit to start your business in Canada. This step allows you to begin building your business while your permanent residence application is processed. - Permanent Residence Application
Once your business is operational and you meet the conditions, you can apply for permanent residence. The entire process, from securing the support to obtaining permanent residence, typically takes 18 months or more, depending on the specific case.
Why Canada’s Start-Up Visa Is Perfect for Nigerian Entrepreneurs
Canada is one of the world’s most welcoming countries for business owners and entrepreneurs. With its thriving start-up ecosystem, access to global markets, and a high quality of life, Canada offers a stable environment for growth. For Nigerian entrepreneurs, this program provides a pathway to not only expand their businesses but also build a secure future for their families in Canada.
One of the key benefits of the Start-Up Visa program is that it does not require previous management experience. Unlike most business immigration programs, which often require a track record of running successful businesses, the Start-Up Visa only requires a solid business idea and the backing of a designated entity.
WHAT DO I DO NEXT?
Are you an investor looking for an
immigration pathway through investment? If you do not know where to look or
how to start, we invite you to book an eligibility consultation with us. We
will prepare an individualized assessment report for you and guide you on your
immigration journey to Canada.
Chugo Immigration Service is authorized to offer immigration services under the Immigration and
Refugee Protection Act (IRPA). We are a member in good standing of the
Immigration Consultants of Canada Regulatory Council (ICCRC)
Our principal consultant,
Mr. Chukwuma Pius Ekwulugo is a Regulated Canadian Immigration Consultant (RCIC) who has helped many immigrants to start a new life in Canada.
