Canada Business Migration
If you are a business person or manager looking to immigrate to Canada, the Business/Investor Immigration Program may be an important Canada business migration option for you.
The Business Immigration Program seeks to attract individuals with business and/or managerial experience who will contribute to the development of the Canadian economy.
If you’re looking to make an investment in Canada or to start/acquire a business in Canada, there are several avenues for you to choose from. You can either apply under the federal program or, if you know the province/territory in which you plan to reside, you can make your business immigration investment through the respective provincial business immigration program.
Provincial Nomination Program (PNP) Business Immigration
Many Canadian provinces have their own business immigration programs under their Provincial Nomination Programs.
British Columbia Provincial Nomination Program (BC PNP) ENTREPRENEUR IMMIGRATION
• Must have business and/or management experience as well as a net worth of at least CAD$600,000
Invest in at least CAD$200,000 into a business in BC
Business can be a new one or an existing one acquired through purchase
Create at least one full-time job to a Canadian citizen or permanent resident
Possess at least two years of post-secondary qualification
Steps to proceed:
Preparation of business idea
Online registration with a business concept
Application with a business plan
Nomination by BC PNP
Application with IRCC (Immigration, Refugees and Citizenship Canada)
Preparation involves where and what you would like to do with your business in BC. By reviewing the different points gained from your working or business experience, personal assets, qualifications and English ability, you can have a better idea of which part of BC would suit you best.
The business concept or business plan is often completed by an accredited business plan writer for a successful BC PNP application.
Once your business concept and business plan have been accepted, you must come to BC to build your business. Once you become nominated by BC PNP, you can then apply to become a permanent resident of Canada.
Saskatchewan Immigrant Nominee Program (SINP) Entrepreneur
SINP Entrepreneur category uses the system of Expression of Interest (EOI) to select applicants from a pool of candidates.
Once selected, an Invitation to Apply (ITA) letter would be issued, inviting the candidate to submit a formal online application to the SINP Entrepreneur category.
Candidates whose EOIs have not been selected will continue to be eligible for selection and will remain in the EOI pool for a period of year from the date of submission.
Approval Criteria
Three eligibility criteria must be met to be selected and approved:
A minimum net worth of CAD$500,00 that can be verified
Accumulation of net worth through legal means which can be verified
Minimum three years entrepreneurial or relevant business management experience
Requirements
If you are approved by the SINP Entrepreneur category, in order to earn a nomination for permanent residence, you will be required to:
Invest a minimum of CAD$300,000 in Regina or Saskatoon, or a minimum of CAD$200,000 in all other Saskatchewan communities
Establish a business that aligns with the points assigned from the Entrepreneur Category Points grid, if applicable (for investment amount and sector)
Own at least 33% (1/3) equity of a business in Saskatchewan unless your total investment is CAD$1 Million or higher
Provide active and on-going participation in the day to day management and direction of the business
If you are establishing a new business in Regina or Saskatoon, create two employment opportunities for Canadian citizens or permanent residents in Saskatchewan (workers must not be your relatives)
Once you become nominated by SINP, you can then apply to become a permanent resident of Canada.
Manitoba PNP (MPNP-B) Business
To qualify for the Business Investor Stream-Entrepreneur Pathway, interested applicants must:
Have a minimum verifiable personal net worth of CAD$500,000
Have a minimum of three (3) years of successful business ownership and management experience or a minimum of three (3) years of executive-level experience as a senior manager of a business.
Need a minimum of CLB 5 in Languages Proficiency.
The applicant must also be prepared to:
Attend an interview with an officer
Make an eligible business investment in Manitoba
Reside in Manitoba along with his/her dependent family members
Invest CAD$250 for businesses in the Manitoba Capital Region (MCR), if is outside MCR, Investment will be CAD$150,000
Conduct a mandatory exploratory visit to Manitoba