New Government Decision Speeds Up Canada Startup Visa Applications

The Canadian government has announced changes to federal business programs aimed at reducing processing times and addressing the backlog of applications, effective April 30, 2024.

Key changes to the startup visa program include:

• Accepting 10 startups annually for each accredited organization
• Prioritizing startups backed by Canadian capital or from Canadian business incubators
• Temporarily restricting applications for the "Self-Employed" program to focus on processing the backlog

By limiting "Self-Employed" applications and increasing acceptance for the federal business category, the government aims to reduce wait times for businesspeople and investors.