The Provincial Entrepreneur Programs allow immigrants to set up their business in Canada. This program is specifically designed for entrepreneurs with a certain experience that is required in Canadian provinces. This Canada Investor Visa program is administered by individual provinces requiring applicants to follow a two-step process to get permanent residence. Every province runs its own entrepreneur immigration programs that require active participation in the management of a business. The applicants are selected or get nominated by a province if they meet the program requirements. Candidates will be granted 24 months of work permit. Upon arrival, the operation starts the eligible candidates must be able to manage a business and create jobs. PNP certificate will be granted to apply for Permanent Residence. To get a permanent residence, applicants will have to pass medical and criminal record checks. Once the candidates are selected, they may apply to get citizenship in Canada.
Though each province manages its own entrepreneur programs, most of them require the same information such as age, the value of a liquid asset, and so forth. The provinces in Canada that offer these programs include British Columbia, Ontario, New Brunswick, Saskatchewan, Yukon, North-West Territories, Manitoba, Prince Edward Island, and Nova Scotia.
The British Columbia provincial nominee's entrepreneurship program is a path to immigrate to Canada and settle in the province. This province's program aims to grant access to experienced entrepreneurs that will assist in developing the economy. This program comprises three streams with distinct requirements:
Entrepreneur Immigration - Regional Pilot
Entrepreneur Immigration - Strategic Projects
The British Columbia province entrepreneur program is different from the nominee program of other areas. An applicant is only selected for this program if they have successfully set up the area's required business.
The Canada Investor Visa program of Ontario aims to provide foreign entrepreneurs with an opportunity to be nominated for permanent residence after their business has been successfully set up in the province. Certain requirements need to be fulfilled by an applicant to apply for Canadian permanent residence.
The candidates who become eligible for the New Brunswick entrepreneur immigration program must submit an Expression of Interest form by email. The applicant needs to fulfill certain requirements that are listed below:
They are required to have business management experience.
Their age must be between 22 and 55 years
They have to invest a minimum of $250,000 in a New Brunswick business by taking a share of 33%
They have to score a minimum of level 5 in Canadian Language Benchmark (CLB) in English proficiency.
The province of Saskatchewan offers its entrepreneur immigration program that is aligned to the Saskatchewan Immigration nominee program. It involves a three-stage process for selecting a successful applicant:
Expression of Interest
Invitation to submit an application
Each of the above-mentioned stages has its own requirements. The expression of interest meets the following minimum entry requirements:
The Yukon Business Nominee Program provides access to entrepreneurs to own and operate their businesses in the province. The candidates initially come to Yukon on a two-year work permit. They have to establish a business in the province within this timeframe to get nominated for permanent residency.
The certain requirements of the business nominee program include:
Applicants must have a business management role skill.
They must have a net worth of at least $250,000 with an investment of at least $150,000 which is required to be made into a local business.
The nominations for the applications are hugely based on education and English Proficiency.
The applicants of the Northwest Territory Entrepreneur nominee program must have a net worth of $250,000. They have to make an active investment with a minimum of $150,000 in business in this province. The applicant must also have business management experience.
The Canada investor visa for Manitoba immigrant nominee program has three pathways through which foreign investors can apply for this program:
This stream is targeted at foreign investors and entrepreneurs. Candidates are issued a temporary work permit and must show intent to establish a business in the province within two years of arrival. Applicants are not required to deposit a sum of $100,000 with the government which was a mandatory requirement earlier. There are pathways for entrepreneurs and for farm investors which are discussed below:
This pathway is for international entrepreneurs that want to establish a business in Manitoba. Initially, candidates have issued a temporary work permit and nominated for permanent residence to set up a business after they have met the established conditions by the Business Performance Agreement.
Foreign investors/entrepreneurs that want to establish a farm in rural Manitoba can achieve this through this pathway. Applicants are initially issued with a temporary work permit. They are nominated for permanent residence after they have completed the conditions set by the Business Performance Agreement.
The Prince Edward Island immigrant nominee program for a business is meant to bring international investors into the province. Certain conditions that are required by applicants to get nominated for Canada Investor Visa in this province are:
Applicants are required to have business experience,
They must have a minimum net worth of $600,000 and are required to make an investment in a local business with a minimum sum of $150,000.
English proficiency is also required.
The Nova Scotia immigrant nominee program has an entrepreneur stream which targets immigrant that have management or entrepreneurship experience that will help them stimulate the economy of Nova Scotia. The applicants that get selected for Canada Investor Visa in this province are required to have a residence in Nova Scotia and own a business or partner with an established business.
Before applicants are nominated for permanent residence after running a business for at least a year, they are issued a temporary working permit.
Candidates must fulfill the following conditions:
Be 21 years of age and above
State intent to live in Nova Scotia while involved in the active management of the established business
Have at least 3 years of managerial experience or more than 5 years of experience in a senior business management role.
Score at least level 5 in the Canadian Language Benchmark (CLB) in speaking, writing, listening, and reading in English or French.
Will you like to invest or set up a business in Canada? Contact Parulben Patel at Patel Canada Visa Consultancy Inc. She will guide you through the Canada Investor Visa application process. Patel Canada is the licensed Canada Immigration Consultants that you can always count on to make the processing easy and stress-free. Contact at 5873490188 or email at firstname.lastname@example.org. Feel free to book an appointment with our expert to get more information on this.