March 6th 2025 – New data obtained by Mandeville & Associates shows that IRCC processed a record number of Start-Up Visa (SUV) applications in 2024, surpassing an already impressive growth in 2023.

Statistics obtained from IRCC show that the number of SUV applications processed jumped from only 541 in 2022 to 3,695 in 2023. IRCC then processed a total of 4,050 applications in the period from January to July 2024, putting it on track to process a grand total of 6,943 applications in 2024.

This would represent a year-on-year increase of 87% compared to 2023 and more than a tenfold increase compared to 2022.

This remarkable increase is partly due to the increased target immigration levels planned for the Federal Business Class under Canada’s immigration level plans. It also reflects IRCC’s efforts to increase efficiency and streamline the application process over the last few years, for example by replacing traditional mail-in applications by entirely online filing.

The vast majority of SUV applications processed in the first months of 2024 resulted in a positive outcome. 3,427 applicants were granted permanent residence. 623 applications were refused, and a further 121 withdrew their application.  As a result, it is nearly 85% of processed cases that were accepted by IRCC.

More than two-thirds of SUV applicants who received a favorable outcome and were granted permanent residence in 2024 were supported by Canadian incubators (68%). 29% were supported by angel investors, while only 3% received their letter of support from venture capital funds.

About Mandeville & Associates Ltd. 

Mandeville & Associates has been offering consulting services intended for international businesspeople of every continent wishing to settle in the United States of America, Canada, and Europe since 1986.

With its head office in Hong Kong and professionals permanently based in the United Kingdom and Canada, Mandeville & Associates offers a wide range of immigration and consultancy services with a team of specialized lawyers and multilingual immigration experts. Business migration programs, such as immigrant investor program, start-up visa program, and other residency-by-investment programs, allow the successful applicants, their spouse and their dependent children to obtain a residency visa which may lead to citizenship with certain conditions.

Mandeville & Associates provides specialized services to professionals, business incubators, brokers, and immigration consultants recruiting candidates for immigration to the United States of America, Canada, and Europe through business migration programs.