What is an Innovator Visa UK?
What is UK Start-up Visa?
What is the Start-up Canada Visa Program?
UK Innovator Visa vs UK Start-up Visa vs Canada Start-up Visa
|UK Innovator Visa
|UK Start-up Visa
|Canada Start-up Visa
|Only for established investors and entrepreneurs
|For amateur entrepreneurs and startup enthusiasts
|Only foreign nationals with a Commitment Certificate and Letter of Support issued by a designated entity are considered for a short-term work permit.
|Type of Visa
|Residency Visa for 3 years
|Residency Visa for 2 years
|Permanent Residency in as little as 12 months
|Residency & Citizenship
|Permanent Residency after 5 years of continuous stay
|Does not lead to Permanent Residency. If permanent residency is required, switch to Innovator Visa is required
|It leads to permanent residency
|Can be extended multiple times in 3 years
|Cannot be extended. After the expiry of the Start-up Visa, a switch to Innovator visa can be made.
|No minimum investment
|Three types of investment agencies can invest:
-Angel investors: Min. CAD 75,000
-Venture capital funds: Min. CAD 200,000
-Business incubators: No investment is needed
|Type of Business
|Invest in both new and existing business
|Set up and develop a new business only
|You need to have a qualifying business where you hold 10% or more voting rights for your shares
|Can apply with other partners with each partner investing £50,000
|Can apply with other partners with each partner getting endorsed for their idea
|A total of 5 people can apply as partners of the business, each with 10% voting rights
|12 to 16 months
|The approved endorsement body has to endorse the business idea
|The business idea has to be scalable, innovative, and viable with endorsement from the approved endorsement body
|Your business idea needs to be supported by a designated Canadian investment agency or incubator
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