Many of Canada’s provinces have their own Provincial Nominee Program (PNP). Based on the province’s economic needs, a PNP allows a province to nominate an applicant to immigrate to Canada and settle in that province.
Under various Provincial Nominee Programs, there exists many business immigration categories for individuals who are interested to start or invest in a Canadian business venture. The minimum investment and net worth requirements vary from province to province, as every business immigration program is created to suit the needs of the province.
Generally, every business program requires the applicant to create a detailed business plan. The plan must explain the type of business being purchased or established, provide detailed financial projections that can demonstrate the profitable impact on the local economy and labor market.
The BC Provincial Nominee Program (BC PNP) Entrepreneur Immigration (EI) Regional Pilot is designed to support regional communities by attracting entrepreneurs who intend to move to regional centers, establish businesses, in order to create jobs and contribute to their local economy. The key requirements related to business under this program are:
The Business Investor Stream (BIS) allows Manitoba to recruit and nominate qualified business investors and entrepreneurs from around the world who have the intent and ability to start or purchase businesses in Manitoba. The province has renewed its business immigration program to ensure that all the business nominees invest in businesses that can create more employment and drive the economy in Manitoba.
There are two pathways:
The Entrepreneur Pathway for applicants seeking to open a business in Manitoba. Under this program, candidates who demonstrate their intention and ability to move to Manitoba and establish, purchase businesses or become partner to an existing business within the first 24 months of arrival in Canada on a temporary work permit, will be nominated by the province. There is no requirement to submit deposit to the Manitoba Government. The key requirements related to business under this program are:
The Farm Investor Pathway for those intending to establish and operate a farm operation in rural Manitoba. This program specifically targets individuals with previous farming business experience, have enough capital to invest and demonstrate an intention to operate the operation in rural Manitoba. The type of operation and investment must correlate with Provincial statistics and be relevant to Manitoba’s farm industry. The key requirements related to business under this program are:
The Saskatchewan's Entrepreneur Program allows an applicant and his family to start, obtain or partner in a business in Saskatchewan and be actively involved in managing it, while residing in Saskatchewan. The SINP Entrepreneur Program follows three steps nomination process: submitting an Expression of Interest (EOI) to the SINP, EOI selection and invitation, and nomination. The key requirements related to business under this program are:
The Ontario Business immigration aims to attract individuals who are looking to establish a new business or purchase or partner with an existing business in Ontario. Corporate stream: To apply under this stream, an applicant must be an international corporation looking to expand or buy an existing business in Ontario.
Entrepreneur stream: To apply under this stream, an applicant must be an entrepreneur from outside of Canada looking to start a new business or buy an existing business in Ontario.
The New Brunswick- Entrepreneurial Stream was developed for experienced business owners and senior managers who wish to become permanent residents by owning a business in New Brunswick (NB) and managing it, while residing in the Province. The province follows a 6-step process to issue permanent residency to the business nominees and allow them to set up their business in New Brunswick. The key requirements related to business under this program are:
Under the PEI business immigration program, individuals who intend to immigrate to Prince Edward Island and are interested to own a business, may become eligible for a nomination for permanent residency through the 100% Ownership Stream of the Prince Edward Island Provincial Nominee Program (PEI PNP). This stream is designed for foreign nationals with business-ownership or extensive management experience who are interested to own and operate their own business in PEI.
The Province of Prince Edward Island has announced changes to the Business Impact Category of the Provincial Nominee Program. After September 20, 2018, the province will only invite entrepreneurs selected through the Work Permit stream as the 100% Ownership and Partial Ownership streams will close. All candidates will continue to be invited through the Expression of Interest system and the draw schedule will remain unchanged. The key requirements related to business under this program are:
The Yukon Business Nominee Program is designed for Foreign business owners and entrepreneurs to establish and operate their business in Yukon, if the individuals meet the eligibility criteria. An individual has to meet certain personal and business requirements. The key requirements related to business under this program are:
Under this business program, the individuals who intend to move to the Northwest Territories to start their own business or invest in and operate an established company may apply to the business streams of the Northwest Territories Nominee Program. The business stream of the NWT Nominee Program is designed to attract a start-up businesses which will enhance the economy of the Northwest Territories. The key requirements related to business under this program are:
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