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CANADA

Entrepreneur Programs for Canada

Canada is the land of endless opportunities for people from different backgrounds of lives. There are millions of chances you can take in that country and get its immigration for your family. Taking your business there is just one of those.

If you have a business idea which you think can be a great success in that country, the Canadian government is inviting you with open arms. The government is always looking for fruitful ways to increase economic conditions including employment rate in the country, and hence encourages foreign entrepreneurs to start up a business there and settle it along with your family. However, there are several eligibility conditions for an applicant to meet to get an Entrepreneur visa for Canada.

Each Canadian province is controlling and managing their own business programs which leads to the immigration status directly or indirectly.

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MANITOBA PROVINCIAL NOMINATION PROGRAM FOR BUSINESS (MPNP-B)

The Manitoba Provincial Nominee Program is designed for businessmen and senior executives who intend to settle in the Canadian province of Manitoba. The visa that is issued is a Temporary Work Permit (TWP) visa. It is valid for two years which leads to your permanent residency status upon complying with the Business Performance Agreement with the Government of Manitoba.

Eligibility Requirements:

  • Minimum Net worth should be CDN$ 500,000
  • Must have at least 3 years in the last 5 years of business ownership and active management experience in a successful business having at least 33.33% ownership share therein OR at least 3 years in last 5 years of Executive-Level experience as senior manager of a successful business having none or less than 33.33% ownership share therein
  • At least high school or equivalent level of education
  • Must give language test with minimum score of CLB 5 or equivalent

Other requirement:
  • While internet-based research may be a useful tool to obtain preliminary and general information, an in-person exploratory visit is essential for applicant to conduct in-depth business research, which is critical to his/ her business plan and future success in Manitoba
  • A proposal of minimum investment of at least CDN$ 250,000 in the Manitoba Capital Region or $150,000 in rural Manitoba must be made
  • Selection of applicant is based on points calculated on various factors including applicant's age, his/ her business ownership and/ or past management experience, net worth position, language test results and proposed investment level

Eligible Family Members
  • Principal Applicant
  • Spouse
  • Children below the age of 22 years

Citizenship Requirements
  • Permanent resident are required to physically present in Canada for at least 1,095 days in the last 5 years
  • Adults are also required to write a citizenship test and provide proof of adequate English ability
  • Children under 18 are usually granted citizenship upon one of their parents becoming a citizen
  • Children over 18 must fulfill citizenship requirements

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Ontario Immigration Nominee Program (OINP)

The Ontario Immigrant Nominee Program's Entrepreneur Stream is designed to attract & support entrepreneurs, and high net worth individuals to establish new business in Canada and/or buy an existing business in the province of Ontario. The entrepreneur streams grants Work Permit status initially. It can then be converted into Permanent Residency status upon fulfillment of Performance Agreement conditions upon submission of final report after 18 months of establishing business.

Eligibility Conditions:
  • Must have either 2 years of active management in business with ownership at least 33.33% share with in last 5 years OR 2 years of senior management experience within last 5 years from the date of application submission
  • For net worth requirement for this program, there are two options available for Applicant; i.e. either,

    a) With net worth of at least CDN$ 800,000 for investment proposal within Greater Toronto Area (GTA) or
    b) A net worth of at least CDN$ 400,000 for investment proposal outside GTA

    However, should the proposed business investment is related to Information and Communication Technology (ICT)/ Digital Communication (DC) sector, a CDN$ 400,000 of net worth availability may allow an applicant to invest inside GTA
  • in case, applicant intends to purchase an existing business in Ontario, he/ she must make a visit to Ontario

Additional Factors:

With following additional factors, applicant will have an advantage in selection of his application;

  • Post-Secondary or higher diploma/degree
  • English language test with score of at least CLB 5 or equivalent

Investment Requirement:
  • A proposal of minimum investment of at least CDN$ 600,000 in GTA or $200,000 outside GTA must be made. However, should the proposed business investment is related to Information and Communication Technology (ICT)/ Digital Communication (DC) sector, an investment of at least CDN$ 200,000 may allow an applicant to invest inside GTA
  • The proposed business plan must demonstrate ability to create two jobs for business established in GTA or one job for business located outside GTA
  • Selection of applicant is based on points calculated on various factors including applicant's age, his/ her business ownership and/ or past management experience, net worth position, language test results and proposed investment level

Eligible Family Members
  • Principal Applicant
  • Spouse
  • Children below the age of 22 years

Citizenship Requirements
  • Permanent resident are required to physically present in Canada for at least 1,095 days in the last 5 years
  • Adults are also required to write a citizenship test and provide proof of adequate English ability
  • Children under 18 are usually granted citizenship upon one of their parents becoming a citizen
  • Children over 18 must fulfill citizenship requirements

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SASKATCHEWAN ENTREPRENEUR APPLICATION – SINP

The Saskatchewan Immigrant Nominee Program (SINP) for experienced entrepreneurs can provide an alternate means of entry into Canada. The visa that is issued is a Temporary Work Permit (TWP) which is valid for two years. TWP may lead to permanent residency status upon complying with the Business Performance Agreement (BPA) executed with the Government of Saskatchewan

Eligibility Requirements:
  • Minimum Net worth should be CDN$ 500,000
  • Must have at least 3 years in the last 10 years of Business management or entrepreneurial experience in a business ownership share therein
  • A proposal of minimum investment of at least CDN$ 300,000 in the Regina or Saskatoon or $200,000 in any other community must be made
  • The proposed business must create 2 new jobs if proposed business is in the Regina or Saskatoon. However, there is no job creation requirement in other communities of that province.

Other requirement:
  • One-year trade certification or a graduate degree will be added benefit
  • Can provide language test with minimum score of CLB 4 or equivalent will give additional points
  • An exploratory visit by applicant to the province can be critical in selection factors by SINP

Eligible Family Members
  • Principal Applicant
  • Spouse
  • Children below the age of 22 years

Citizenship Requirements
  • Permanent resident are required to physically present in Canada for at least 1,095 days in the last 5 years
  • Adults are also required to write a citizenship test and provide proof of adequate English ability
  • Children under 18 are usually granted citizenship upon one of their parents becoming a citizen
  • Children over 18 must fulfill citizenship requirements

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BRITISH COLUMBIA PROVINCIAL NOMINEE PROGRAM (BC-BNP)

The British Columbia Provincial Nominee Program (BC-PNP) is designed for business owners and senior managers who intend to invest funds into a proposed business in British Columbia and obtain a work permit of Canada.

Successful applicants must sign a Performance Agreement with the province. It allows them to get the work permit to establish the proposed business in the province. Applicants will only be nominated for Permanent Residence upon compliance with the Performance Agreement.

Eligibility and Other Requirements:
  • The applicant must have a net worth of at least CDN $ 600,000 for Base Category while for Regional Category, minimum net worth requirement is of CDN$ 300,000. (Note: Net worth cannot include assets received as inheritance)
  • Applicant must have experience of 3+ years as a business owner-manager, OR 4+ years of experience as a senior manager OR a combination of 1+ year experience as a business owner-manager and 2+ years of experience as a senior manager in last 10 years
  • An exploratory trip to the province is optional under Base category while it is compulsory under Regional category for personal research of business options and meeting with the community
  • Must give language test with minimum score of CLB 4 or equivalent
  • Applicant must have two years of post-secondary education, or else, have experience as an active business owner-manager for at least 3 years (of the last 5 years) with 100% ownership in the business
  • Proposed investment in BC must be new establishment (at least 51% share) under Regional Category with at least CDN $ 100,000 while under Base category, it can either be new or existing establishment (at least 33.3% share) with at least CDN$ 200,000
  • Applicant must demonstrate the ability to create at least one job in a proposed business

Eligible Family Members
  • Principal Applicant
  • Spouse
  • Children below the age of 22 years

Citizenship Requirements
  • Permanent resident are required to physically present in Canada for at least 1,095 days in the last 5 years
  • Adults are also required to write a citizenship test and provide proof of adequate English ability
  • Children under 18 are usually granted citizenship upon one of their parents becoming a citizen
  • Children over 18 must fulfill citizenship requirements

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PRINCE EDWARD ISLAND PROVINCIAL NOMINEE PROGRAM (PEI - PNP) - WORK PERMIT STREAM

The Work Permit stream is the only available options in PEI for entrepreneurs which allows foreign nationals with business ownership or extensive management experience to move into PEI to establish their businesses there and eventually become a Permanent Resident of Canada

Eligibility Conditions:
  • Applicant's age must be between 21 and 59 years
  • Must have either 3 years of active management in business with ownership at least 20% share with in last 5 years OR 3 years of senior management experience within last 5 years from the date of application submission
  • Net worth should be CDN$ 600,000 (NOTE: only 30% of total equity value can be counted while no gifts are allowed in net worth determination
  • Must possess a minimum education of secondary school equivalent
  • English language test with score of at least CLB 4 or equivalent
  • Intend to live and work in PEI while providing day to day management of proposed business there

Selection Factors for success:

Selection of applicant is based on points calculated on various factors including applicant's age, his/ her business ownership and/ or past management experience, net worth position, language test results and proposed investment level. With following additional factors, applicant will have greater chance of his profile selection in EOI;

  • A proposal of minimum investment of at least CDN$ 150,000
  • English language test of spouse or dependent children with score of at least CLB 5 or equivalent
  • An in-person visit to the province is optional. However, it will help applicant to gain knowledge about the Province and its business environment. Moreover, Community Endorsement letter frm the PEI community will give applicant additional points

Eligible Family Members
  • Principal Applicant
  • Spouse
  • Children below the age of 22 years

Citizenship Requirements
  • Permanent resident are required to physically present in Canada for at least 1,095 days in the last 5 years
  • Adults are also required to write a citizenship test and provide proof of adequate English ability
  • Children under 18 are usually granted citizenship upon one of their parents becoming a citizen
  • Children over 18 must fulfill citizenship requirements

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NEW BRUNSWICK PROVINCIAL NOMINATION PROGRAM (NBPNP)

New Brunswick (NB) is a province of Canada which lies on the east coast of the country, under Quebec's Gaspe` Peninsula and beside the State of Maine. New Brunswick is officially the only bilingual province, where around 30% of people speak French as the native language.

The New Brunswick Provincial Nominee Program (NB-PNP) allows applicant and its family to get work permit initially. This work permit will lead to the Permanent Residency status upon compliance of conditions of the Performance Agreement. This program is accepting EOIs (Expression of Interests) from candidates who can meet the eligibility criteria as established by New Brunswick (NB) Government under this program.

Eligibility Requirements:
  • Applicant's age must be between 21 and 59 years
  • An exploratory trip to the province before submitting an EOI is optional however will gives extra points to the applicant.
  • Intend to invest at least CDN$ 150,000 in order to establish or purchase a business
  • Minimum Net worth should be CDN$ 500,000. However, inherited and gifted assets are not included which are received within 6 months prior to the application submission date
  • Language test for principal applicant and that of its spouse will be added benefit
  • Applicant with high school diploma/ certificate is eligible to apply
  • Owns and manage a business (at least 51% share) for at least three years out of the last five years from submission of an EOI OR at least 3 out of last 5 years of experience as a senior business manager
  • Intends to reside permanently in New Brunswick while owning and personally managing a business which must be based in New Brunswick

Additional Information:
  • The program is the Wok Permit stream
  • New or existing business can be proposed in the application with at least 33.33% share
  • Proposed business must intends to create at least one full time job, excluding spouse/ children

Eligible Family Members
  • Principal Applicant
  • Spouse
  • Children below the age of 22 years

Citizenship Requirements
  • Permanent resident are required to physically present in Canada for at least 1,095 days in the last 5 years
  • Adults are also required to write a citizenship test and provide proof of adequate English ability
  • Children under 18 are usually granted citizenship upon one of their parents becoming a citizen
  • Children over 18 must fulfill citizenship requirements

Benefits of NBPNP:

The applicants and their families will get a higher standard for living, get world class education with tuition fee reduced as low as to one-fourth as Permanent Residents of Canada in public schools, and advanced health-care facilities covering social insurance plans.

New Brunswick is also an attractive destination for its sandy beaches, magnificent rivers, lush forests, and adventurous parks


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