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Saturday, November 23, 2024  
20 Jumada Al-Awwal 1446  

Canada pauses application intake for Self–Employed Persons Program

Urges venture capital firms to cap number of permanent residence applications
The programme provides a pathway to permanent residence for people with notable experience in art, culture, recreation or sports and who will contribute to Canada’s cultural vitality. Reuters/File
The programme provides a pathway to permanent residence for people with notable experience in art, culture, recreation or sports and who will contribute to Canada’s cultural vitality. Reuters/File

Canada has announced a full pause on application intake for the Self­-Employed Persons Programme to focus on processing applications from the inventory.

“Fast processing is critical to the success of entrepreneurs who come to Canada through our federal business programs,” said Marc Miller, the minister of immigration, refugees and citizenship.

The programme provides a pathway to permanent residence for people with notable experience in art, culture, recreation or sports and who will contribute to Canada’s cultural vitality.

Due to the high number of applications submitted for this programme, processing times have increased to beyond four years.

“These necessary changes will set the Start­up Visa Program and Self-Employed Persons Program on the path to faster processing times while we look ahead to further reforms to make these programs more sustainable and effective over the long term,” said Miller.

By restricting application intake through the end of 2026, the ministry will be able to reduce the backlog and bring down wait times.

Moreover, the government improved the Start-up Visa Programme

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The country has urged designated venture capital firms, angel investor groups and business incubators to focus on the most promising proposals by capping the number of permanent residence applications that it will accept for processing each year to those associated with no more than 10 start-ups per designated organisation.

It further asked them to provide priority processing for entrepreneurs whose start-up is supported by Canadian capital or by a business incubator that is a member of Canada’s Tech Network.

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