entrepreneur

Entrepreneurial Opportunities in Canadian Provinces

In 2013, the Canadian government introduced the Provincial Nominee Program Business, aimed at luring foreign entrepreneurs and business owners to specific provinces. A pivotal element of Canada's Immigration Plan, this initiative seeks to invigorate economic growth by welcoming individuals with a proven track record in business ownership and investment.

Provincial Nominee Program Business Overview:

The Provincial Nominee Program Business facilitates permanent residency in Canada through a multi-step process. Applicants express interest by submitting an Expression of Interest (EOI) to their chosen province, outlining their business proposal and investment intentions. Following province review and approval, applicants receive an Invitation to Apply (ITA) for permanent residency.

The benefits of the program abound. For applicants, it offers a pathway to Canadian permanent residency and the opportunity to establish or expand businesses in thriving provinces. Simultaneously, provinces gain skilled entrepreneurs, fostering job creation and economic stimulation.

Manitoba Provincial Nominee Program For Business (MPNP-B):

Catering to entrepreneurs and executives eyeing settlement in Manitoba, MPNP-B issues a Temporary Work Permit (TWP) for two years, convertible to permanent residency post Business Performance Agreement compliance.

*Eligibility Criteria:*

- Minimum Net Worth: CAD 500,000

- Business Ownership/Management Experience: 3 years in the last 5 years

- Education: High school or equivalent

- Language Proficiency: CLB 5 or equivalent

- Investment Proposal: CAD 250,000 (Winnipeg) or CAD 150,000 (outside Winnipeg)

*Selection Factors:*

- Age, ownership/management experience, net worth, language proficiency, and proposed investment level.

Family Members Eligible:

- Principal Applicant, Spouse, Children below 22 years

*Citizenship Requirements:*

- Physical presence for 1,095 days in the last 5 years

- Citizenship test and language proficiency for adults

**Ontario Immigration Nominee Program (OINP)**

The Entrepreneur Stream targets entrepreneurs and high-net-worth individuals in Ontario. Initially granted a Work Permit, applicants can secure Permanent Residency status upon fulfilling Performance Agreement conditions.

Eligibility Conditions:

- Business Management Experience: 2 years ownership with 33.33% share or senior management experience

- Net Worth: CAD 800,000 (GTA) or CAD 400,000 (outside GTA)

- Additional Factors: Post-Secondary education, language proficiency, and proposed investment.

Investment Requirement:

- Minimum CAD 600,000 (GTA) or CAD 200,000 (outside GTA)

*Family Members Eligible:*

- Principal Applicant, Spouse, Children below 22 years

Citizenship Requirements:

- Physical presence for 1,095 days in the last 5 years

- Citizenship test and language proficiency for adults

**Saskatchewan Entrepreneur Application – SINP**

SINP offers an alternative entry route for experienced entrepreneurs. A TWP is issued for two years, convertible to permanent residency post-Business Performance Agreement compliance.

Eligibility Requirements:

- Minimum Net Worth: CAD 500,000

- Business Management/Entrepreneurial Experience: 3 years in the last 10 years

- Investment Proposal: CAD 300,000 (Regina/Saskatoon) or CAD 200,000 (other communities)

Additional Factors:

- Trade certification or graduate degree, language proficiency, and an exploratory visit.

*Family Members Eligible:*

- Principal Applicant, Spouse, Children below 22 years

Citizenship Requirements:

- Physical presence for 1,095 days in the last 5 years

- Citizenship test and language proficiency for adults

**British Columbia Provincial Nominee Program (BC-BNP)**

BC-BNP attracts business owners and managers intending to invest in British Columbia. The program offers a Work Permit initially, with an option for Permanent Residency.

Eligibility and Other Requirements:

- Net Worth: CAD 600,000 (Base Category) or CAD 300,000 (Regional Category)

- Business Experience: 3+ years as owner-manager or 4+ years as senior manager in the last 10 years

- Investment Proposal: CAD 200,000 (outside GTA) or CAD 600,000 (GTA)

Family Members Eligible:

- Principal Applicant, Spouse, Children below 22 years

*Citizenship Requirements:

- Physical presence for 1,095 days in the last 5 years

- Citizenship test and language proficiency for adults

**Prince Edward Island Provincial Nominee Program (PEI – PNP) – Work Permit Stream**

PEI-PNP offers a Work Permit initially, leading to permanent residency upon Business Performance Agreement fulfillment.

Eligibility Conditions:

- Age: 21 to 59 years

- Business Management Experience: 3 years or senior management experience in the last 5 years

- Net Worth: CAD 600,000 (30% liquid)

- Education: Minimum secondary school equivalent

- Language Proficiency: CLB 4 or equivalent

Selection Factors for Success:

- Investment Proposal of at least CAD 150,000, spouse/children language proficiency, and an optional in-person visit to the province.

Family Members Eligible:

- Principal Applicant, Spouse, Children below 22 years

Citizenship Requirements:

- Physical presence for 1,095 days in the last 5 years

- Citizenship test and language proficiency for adults

**New Brunswick Provincial Nominee Program (NBPNP)**

NBPNP allows applicants and their families to obtain a Work Permit, leading to permanent residency. This program accepts EOIs from candidates meeting New Brunswick's eligibility criteria.

Eligibility Requirements:

- Age: 22 to 55 years

- Investment Intent: At least CAD 250,000

- Net Worth: CAD 600,000

- Business Ownership/Management Experience: 3 years in the last 5 years

- Language Proficiency: Principal applicant and spouse

Family Members Eligible:

- Principal Applicant, Spouse, Children below 22 years

Citizenship Requirements:

- Physical presence for 1,095 days in the last 5 years

- Citizenship test and language proficiency for adults

For more detailed information, contact our senior immigration consultants and advisors.