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Major Changes in Canada's SUV Immigration Program Policy

On April 29, 2024, Marc Miller, the Minister of Immigration, Refugees and Citizenship Canada (IRCC), announced several optimizations to the federal Start-Up Visa (SUV) program in Canada, aimed at reducing processing times and decreasing application backlogs. These changes are effective immediately from April 30, 2024.

To improve the SUV entrepreneurial immigration program, IRCC has announced the following two optimization measures:

  • Limiting the number of permanent resident applications accepted by designated organizations (venture capital firms, angel investor groups, and business incubators) each year, with each designated organization only able to support up to 10 start-up projects.
  • Prioritizing the processing of start-up projects that have already received support from angel investors, venture capital firms, or incubators under Canada’s Tech network.

The Canadian immigration authorities state that these changes are being implemented for two reasons: firstly, to alleviate application backlogs and improve service efficiency, and secondly, to select and support more promising start-up enterprises by limiting the quantity and prioritizing processing, in order to ensure the sustainability of the program.

Moreover, the IRCC has already released its immigration plan for the years 2024-2026, and the quota for federal business class immigration (SUV and self-employed immigration) will increase from 5,000 to 6,000.

Based on the policy adjustments, it is evident that the importance of obtaining support letters from venture capital firms, angel investors, and designated incubators has significantly increased. Up to this point, Eterna has achieved a 100% success rate in helping clients obtain support letters, including those issued by venture capital firms, angel investors, or designated incubators.

Since 2018, Eterna has successfully completed nearly 400 SUV applications and maintained long-term partnerships with multiple designated business organizations. In particular, our collaboration with venture capital funds, angel investor groups, and incubators under Canada’s Tech Network enables our clients to access expedited processing channels under the new policy, greatly reducing the time to obtain permanent residency. In light of the limited quotas under the new policy changes, we will continue to uphold high standards of evaluation criteria, promote high-level innovative projects, and provide comprehensive support to our clients with professional and rigorous services to maximize their success rate in obtaining permanent residency.

In the current situation of tightened policies, it is important to take timely action and accurately understand the policies in order to select suitable projects for your clients. Please feel free to contact our Business Development Department for more information on the changes in Canada’s immigration policies.

Certainly. No prior permission from the Director of Immigration is needed for any dependent to study in Hong Kong. Holders with dependent visas are able to study in Hong Kong without applying for a separate student visa.

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Simard & Associates helps clients apply for citizenship and residence under the applicable programs. To schedule an initial free consultation, get in touch with us.


Simard & Associates helps clients apply for citizenship and residence under the applicable programs. To schedule an initial free consultation, get in touch with us.


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