The Letter of Support is a critical document for applying to Canada's Startup Visa Program. It is issued by a designated organization, such as a business incubator, venture fund, or angel investor group, and serves as official endorsement for your startup business. Without this letter, applicants cannot proceed with their Startup Visa application.

A Letter of Support is a formal document from a designated organization that confirms their endorsement of your business idea. This letter indicates that the organization is willing to provide support — financial or otherwise — to help your startup succeed in the Canadian market. It is mandatory for anyone seeking to immigrate through the Startup Visa Program and obtain Permanent Resident status in Canada.

As of May 1, 2024, all new Letters of Support are issued with unique identification numbers. Any Letters of Support provided before this date must be submitted with the applicant’s visa application by November 1, 2024, or they will no longer be valid.

Additionally, Letters of Support now include detailed information about the founders' shares, stakeholders, and how dependent the members are on each other for the success of the startup. If one participant is denied, the rest of the team could also face denial if the startup's success is deemed dependent on all members.

The letter also includes a summary from the designated organization about the startup's mission and objectives, ensuring that both IRCC and the organization align on expectations.

To secure a Letter of Support, you must:

• Present your business idea: Reach out to a designated organization and submit your business plan for evaluation.
• Secure their endorsement: Once the organization has reviewed and approved your idea, they will issue a Letter of Support.

However, simply acquiring the Letter of Support isn't enough. The designated organization will also submit their own documentation directly to IRCC. This includes your business plan, financial documents, and other supporting materials. This ensures transparency and confirms the organization's full backing of your startup.

Secure Success with a Letter of Support for the Startup Visa

If your business plan outlines a specific financial requirement, such as startup capital or operational expenses, you must also show proof that these funds are available.

This could include:

• Personal funds in your account.
• Investment agreements from the designated organization, venture capitalists, or angel investors.

If the required funds are from an investment, you must provide a formal agreement confirming the commitment. Unlike other business immigration programs, the Startup Visa emphasizes obtaining financial backing through a designated organization rather than personal capital.

The Letter of Support proves that:

• Your business idea has been thoroughly vetted by a recognized organization.
• The organization believes in the potential of your startup.
• Your startup has the backing necessary to succeed in Canada.

Without this letter, your Startup Visa application will not be processed, making it a pivotal document in your journey toward business immigration to Canada.

At CBGA, we offer expert guidance to help you navigate the complexities of securing a Letter of Support and completing the Startup Visa application. With our assistance, you can ensure that every step of your business immigration to Canada is smooth and successful.