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BUSINESS PNP PROGRAMS (ENTREPRENEUR)
Every PNP has a distinct business immigration program designed especially for the immigrants who wish to start or expand their business in Canada. The Canadian provinces that provide business immigration programs are :
- Alberta
- British Columbia
- Manitoba
- Saskatchewan
- Ontario
- Nova scotia
- Newfoundland and Labrador
- Northwest territories
- Prince Edward Island
- Yukon
- New Brunswick
Although, each province has its own distinct set of eligibility requirements and application process.
What is the Provincial Nominee Program (PNP)?
Provincial Nominee Programs (PNP) are a set of immigration programs which are operated by individual Canadian provinces and the IRCC. PNPs are another way of immigrating to Canada and obtaining a Canada PR besides the Express Entry Program. The purpose of the PNPs is to nominate those skilled workers, students, and investors who plan on settling in the province and have the skillset, education, or business plan to contribute to the economic growth of the province.
Business Visa programs of British Columbia PNP
British Columbia is one of Canada’s prime spots for inducting and expanding businesses because of the province’s flexible policies and a competitive yet diverse market.
There are currently three investors streams in British Columbia PNP
British Columbia Entrepreneur Immigration Stream
Experienced managers and Owners of Business who want to invest in British Columbia businesses are prioritized in this stream.
British Columbia Entrepreneur – Regional Pilot Immigration Stream
Well experienced businessmen and investors who plan to establish or expand a business in the smaller communities of British Columbia are targeted in this stream.
British Columbia Entrepreneur Strategic Projects Immigration Stream
It is designed for the
- Foreign companies trying to establish a business in British Columbia and
- their chief staff members who wish to attain the Canada PR.
Eligibility Requirements of all three streams are elaborately explained in the table below :
| B.C Entrepreneur Immigration Stream | B.C. Entrepreneur Regional Pilot Immigration Stream | B.C Entrepreneur Strategic Projects Immigration |
|---|---|---|
| Self net worth minimum$600,000 | Self net worth minimum$300,000 | Self net worth minimum$600,000 |
| Investment minimum $200,000 | Investment minimum $100,000 | Investment minimum $500,000 |
| Create minimum 1 new full time job for a Canadian citizen or PR | Create minimum 1 new full time job for a Canadian citizen or PR | Create minimum 3 new full time jobs for a Canadian citizens or PR |
| Canadian Language Benchmark Level 4 | Canadian Language Benchmark Level 4 | Canadian Language Benchmark Level 4 |
| Appropriate Business or Management Experience | 51% ownership of the business | Appropriate Business or Management Experience |
| Lawfully admitted citizen of the country of residence | Exploratory visit in Target community | Expand or purchase existing an established company in B.C. |
Application Process (of all three streams) is mentioned in the table below :
| B.C Entrepreneur Immigration Stream | B.C. Entrepreneur Regional Pilot Immigration Stream | B.C Entrepreneur Strategic Projects Immigration |
|---|---|---|
| Step 1Registration Online Registration$300 Non-Refundable Fee | Step 1Community Involvement Candidate has to visit the community and see the market | Step 1 Exploratory visit to B.C. |
| Step 2ITA will be awarded to those having a commendable score in registration | Step 2BC PNP ReferralsCandidate has to submit a business proposal | Step 2 Business Proposalhas to be discussed with BC PNP officials |
| Step 3Net Worth Review will be done by a Professional CA | Step 3Community ConciergeThe participating community has to have access to BC PNP Community Concierge | Step 3ApplyAfter getting the proposal approved, the company has to apply for the registration. |
| Step 4 Application has to be submitted by the applicant under 120 days | Step 4Invitations and Prioritization Monthly ITA is issued to best scoring candidates in the referred candidate pool. | Step 4Sign a Performance agreement with B.C.And a support letter is issued by B.C. so that each chief employee can apply for a 2 year work permit from IRCC |
| Step 5Business DevelopmentCandidate gets a support letter from B.C. to apply to IRCC for a two-year work permitCandidate has to arrive in B.C. within a year after receiving letter of confirmation and develop the business for 20 monthsAt the end of term, the candidate has to submit a report to B.C. PNP | Step 5Canada PR nomination If the requirements of the Performance Agreement are met by the chief staff officials, they get nominated for Canada PR. | |
| Step 6Canada PR Nominationis awarded to the candidate if he/she fulfills the requirements of the performance agreement |
Business Visa programs of Saskatchewan PNP
Saskatchewan is the home to Canada’s most beautiful lush green meadows with a vibrant environment. The Saskatchewan Immigrant Nominee Program (SINP) nominates and classifies the candidates who plan to invest in the province and attain a Canada PR under the Saskatchewan Business Immigration Program.
The Saskatchewan Business Immigration Program has further two streams which have different eligibility requirements :
- Saskatchewan Entrepreneur Stream
- Saskatchewan International Graduate Entrepreneur Stream
The requirements and the process of these streams is elaborately explained in the table below :
| Saskatchewan Entrepreneur Stream | Saskatchewan International Graduate Entrepreneur Stream |
|---|---|
| Minimum net worth $500,000 | Minimum Age21 |
| Minimum business management experience 3 years | Post Graduation Certificate from a Saskatchewan inste |
| Investment minimum $300,000 | Valid PG Work Permit Visa |
| Aim to attract investors to setup businesses in Saskatchewan | Minimum CLB Level in a certified language proficiency test. Level 7 |
| Process Submission of EOI (Expression of Interest) | Minimum Business Ownership 1/3rd of the Equity |
| ITA - Top scoring candidates get the ITA (Invitation to Apply) | Sign a Business Performance Agreement |
| Establishment of BusinessSelected candidates have to start a business in Saskatchewan and apply for nomination after 6 months of incorporation and business operations | AIMTo help international students passing who completed graduation from Saskatchewan institutes to establish businesses in the province |
| NominationAfter adhering satisfactorily to the requirements of the Business Performance Agreement, the candidate can be nominated to apply for a Canada PR. | Process Submission of EOI(Expression of Interest) |
| ITA Top scoring candidates get the ITA (Invitation to Apply) | |
| Establishment of BusinessSelected candidates have to start a business in Saskatchewan on their active Post Graduation Work Permit | |
| NominationAfter adhering satisfactorily to the requirements of the Business Performance Agreement, the candidate can be nominated to apply for a Canada PR. |
Business Visa programs of Manitoba PNP
The province of Manitoba is one of Canada’s most diverse and wealthy economies with a lot of opportunities for businessmen and investors.
The Manitoba PNP has the Business Investor Stream through which they nominate international entrepreneurs and investors.
For entrepreneurs wishing to set up a business in Manitoba, there is the Entrepreneur Pathway.
- Requirements of the Entrepreneur Pathway
- Minimum business management experience of 3 years
- Minimum CLB Level 5
- No Age Limit
- Minimum investment is $250,000
- The candidate has to do a research visit 1 year prior to submission of EOI and design a business plan
- Minimum net worth $500,000
- Business Performance Agreement has to be signed before the Manitoba PNP issues a support letter for the work permit application.
Business Visa programs of Nova Scotia PNP
The province of Nova Scotia is famous for its beautiful landscape and serene lakes. To add to that, low cost of living and a good business environment makes it one of the most preferable places to start a business in Canada.
The Nova Scotia PNP has 2 streams designed for the businessmen who plan to start businesses in Nova Scotia and also want to attain permanent residency in Canada.
The Nova Scotia Entrepreneur stream
Targets businessmen and managerial experts who wish to establish or buy a business in Nova Scotia. The eligibility requirements to apply for this stream are :
The candidate must
- Be of minimum Age – 21
- Hold minimum net worth of $600,000
- Have a minimum business management experience of 3 years
- Score minimum CLB Level 5 in a certified language proficiency test.
- Make minimum investment – $150,000
And following are the steps to apply for Nova Scotia Entrepreneur stream :
- Submission of EOI
- Receiving an ITA
- Signing the Business Performance Agreement
- Obtaining a temporary work permit and establishing a business for 2 years.
- Nomination
- Applying for permanent residency in Canada
Nova Scotia International Graduate Entrepreneur Stream
It is for international students graduating from an institute in Nova Scotia who have a year of business management experience and intend to secure permanent residence in Canada. The eligibility requirements for the stream are listed below :
- Candidate must have minimum 1 year of business management experience
- Candidate must hold a valid work permit visa
- The applicant plans to settle in Nova Scotia
- The applicant must have scored minimum CLB Level 7
- The candidate must have completed post graduation from a university in Nova Scotia
The application process of the Nova Scotia International Graduate Entrepreneur stream involves the following steps :
- Submission of EOI
- Receiving the ITA
- Business plan presentation and interview
- Nomination
- Applying for Canada permanent residency
Business Visa programs of Ontario PNP
Ontario is one of the most densely populated Canadian provinces. The welcoming community, a stable yet competitive business environment makes it one of the best places to carry out business operations in the world.
The Ontario PNP nominates those individuals who wish to incorporate a business or purchase an existing business in Ontario and also want to become a permanent resident of Canada.
To attract businessmen and investors, the Ontario PNP has the Ontario Entrepreneur Stream.
The eligibility requirements of the stream are listed below :
- Candidate must have 2 years of business experience
- Minimum investment by the candidate should be $600,00 if the business is being set up in the Greater Toronto Area (GTA)
- If the business is being set up outside the GTA, then the minimum investment must be $200,000.
- If business is related to the IT sector, then the minimum investment must be $200,000.
- The candidate must commit to create minimum two jobs for Canadian citizens
- Minimum net worth of the candidate must be $600,000.
The application process for the Ontario Entrepreneur Stream involves the following steps :
- EOI submission
- Receiving the ITA
- Interview and Nomination
- Applying for Canada PR
Business Visa programs of The New Brunswick PNP
The New Brunswick PNP operates two business programs to the people wishing to establish a business in the New Brunswick province.
- Entrepreneurial Stream
- Post-Graduate Entrepreneurial Stream
The requirements and the application process for both streams has been elaborated in the table below :
| Entrepreneurial Stream | Post-Graduate Entrepreneurial Stream |
|---|---|
| AIMThe program is designed for international businessmen and investors. | AIMThe program is designed for international students graduating from known New Brunswick institutes. |
| REQUIREMENTS Applicant must : Be in the age group : 22-55Have a CLB Level 5 score in a certified language proficiency test.Minimum net worth – $600,000Pay deposit of $100,000 while signing the Business Performance AgreementHave and present an elaborate Business PlanConduct exploratory visit to New BrunswickWish to settle in New Brunswick | REQUIREMENTS Applicant must : Be in the age group : 22-40Have a CLB Level 7 score in a certified language proficiency test.Post Graduation certificate from a New Brunswick universityHave 1 year of business management experiencePlan to permanently live in New Brunswick |
| APPLICATION PROCESS Submission of EOIReceiving an ITASubmission of application to NBPNPApply for Canada PR to IRCC | APPLICATION PROCESS Submission of EOIReceiving an ITASubmission of application to NBPNPApply for Canada PR to IRCC |
| After reaching New Brunswick, the candidate must adhere to the following requirements : Report arrival to Department of Post – Secondary Education, Training and Labour within 30 days. Meet with an official from Department of Post – Secondary Education, Training and Labour within 60 days. Attend progress report meeting with an Meet with an official from Department of Post – Secondary Education, Training and Labour within 180 days. The candidate must have completed the requirements of the Business Performance Agreement at the end of two years. After three years the candidate can apply for a refund of the deposit. | After reaching New Brunswick, the candidate must adhere to the following requirements : Report arrival to NBPNP office within 30 days. |
Business Visa programs of Alberta PNP
Alberta is a farming state and the major programs of Alberta PNP are based in the Farming sector. Despite that, Alberta PNP has three business programs :
Alberta Foreign Graduate Entrepreneur Stream
It is for international students who plan to launch a startup in Alberta and seek permanent residence in Canada.
Alberta Graduate Entrepreneur Stream
It is for international students who have done post graduation from universities in Alberta who plan to incorporate a business in Alberta.
Alberta Rural Entrepreneur Stream
It is designed for experienced businessmen who plan to set up a business in rural Alberta.
Business Visa programs of Yukon PNP
Yukon PNP operates the Yukon Business Nominee Program through which candidates are invited to own and run businesses in Yukon.
The requirements of the Yukon Business Nominee Program are
- The applicant must have a minimum net worth of $500,000.
- Minimum investment of $300,000 in the first two years has to be made by the applicant.
- Applicants must score a minimum of 65 points on the assessment grid.
- Candidate must have a minimum of 3 years of business management experience
- Candidates must have work experience related to the field of business of 5 years.
- The applicant plans to live in Yukon permanently.
Yukon Business Nominee Program : Eligibility
The business must
- Be owned and operated by the candidate
- Be a brand new business or a purchase of a pre-existing business in Yukon
- Be in any of the following sectors :
- IT
- Forestry
- Energy
- Agriculture
- Film and Video Production
- Tourism
- Mining
- Mineral Development
- Culture related industry
The process of Yukon Business Nominee Program application :
- If the application fulfills the requirements of the program, it is placed in a pool of possible candidates.
- Selected candidate must submit documents
- Candidate has to give an interview
- Candidate receives a 2 year work permit visa to set up the business in Yukon.
- After 2 years, the candidate can apply for Canada PR.
Business Visa programs of Northwest Territories PNP
The Northwest Territories Business Stream of the Northwest Territories PNP aims to attract experienced entrepreneurs and investors who wish to buy existing businesses or set up new ones in the province.
The requirements of The Northwest Territories Business Stream are listed below :
- Candidate must make a minimum investment of $300,000 if the business is incorporated within the boundaries of Yellowknife, NWT
- Candidate must make a minimum investment of $250,000 if the business is incorporated outside Yellowknife, NWT.
- Applicant must hold at least 33% as personal equity of the business.
- Applicant has to pay $75,000 as a deposit while signing the Business Performance Agreement
- Candidate must have a score of CLB Level 4 in a certified language proficiency test.
- Applicant must have ample financial resources and industry experience.
The steps of the process of The Northwest Territories Business Stream are listed below :
- Initial Research and Assessment
- Interview
- Submission of EOI
- Application review
- Business Performance Agreement Review
- Business Development
- Nomination for Canada PR and application submission to IRCC
Business Visa programs of Prince Edward Island PNP
The Prince Edward Island PNP operates the P.E.I Business Immigration Program Eligibility.
Candidates arrive in Canada on temporary work visas and establish and operate a business for two years and then they become eligible to be nominated for Canada PR.
The following businesses are considered invalid for the P.E.I business immigration application :
- Hobby farms
- Pawn Shop
- Cash machine businesses
- Home based businesses
- Payday loan and Cheque cashing businesses
- Loan Companies
- Investment companies
- Real estate businesses
P.E.I Business Immigration Program has the following financial requirements :
Applicants must :
- Make a minimum investment of $150,000 in an P.E.I company
- Be in control of 1/3rd of the company’s equity
- Operate the business themselves
The Business :
- Should be a for profit organization, incorporated under Companies Act of P.E.I
- Must be stable and free of debts
- Must have its headquarter in P.E.I
- Must pay income tax as applicable
- Must have assets worth $150,000
- Must contribute towards the growth of P.E.I’s economy
Guidelines for Startups
The companies which are incorporated on the base of assets from an existing P.E.I company are considered eligible if :
- The existing P.E.I Business provides assets worth $150,000 to the new company
- The new company does not depend upon the existing business
- Existing company’s owner has a certain level of expertise in the new company’s field of work.
Business Visa programs of Newfoundland and Labrador PNP
Newfoundland province is the home to Canada’s precious and abundant energy and natural resources which makes it a good environment for carrying out business operations. The Newfoundland and Labrador PNP (NLPNP) has two distinctively designed streams for investors and entrepreneurs who want to start a business in the province :
International Entrepreneur Category
This stream has been designed for foreign entrepreneurs and investors with business management experience who plan to start or purchase a business in Newfoundland and Labrador.
The program requirements of the International Entrepreneur Category are listed below :
- The applicant must have a minimum net worth of $600,000.
- The applicant has to make a minimum investment worth $200,000.
- The applicant should have at least two years of business management experience
- The applicant must have attained a score of CLB Level 5 in a certified language proficiency test.
The application procedure of the International Entrepreneur Category involves the following steps :
- The applicant has to submit an EOI (Expression of Interest)
- After the candidates are ranked on the basis of their EOI, an ITA (Invitation to Apply) is issued to the selected candidates
- After receiving the ITA, the applicant has to submit their Business Plan report and also pay a fee of $1000.
- If the application is approved, the candidate has to arrive in Newfoundland to appear for an in-person interview
- After that, the candidate has to sign a Business Performance Agreement and then they will receive a work permit authorization letter.
- After attaining the work permit, the candidate has to come to Newfoundland and start the business.
- After 2 years of business operations, if the requirements of the BPA are met, the candidate can apply for attaining Canada PR to the IRCC.
International Graduate Entrepreneur Category
This stream has been designed for foreign students who have completed post graduation from a university in Newfoundland with business management experience who plan to start a business in Newfoundland and Labrador.
The program requirements of the International Entrepreneur Category are listed below :
- The applicant should have completed post graduation from a university in Newfoundland.
- The applicant should have at least 1 year of business management experience
- The applicant must have attained a score of CLB Level 7 in a language proficiency test.
The application procedure of the International Entrepreneur Category involves the following steps :
- The applicant has to submit an EOI (Expression of Interest)
- After the candidates are ranked on the basis of their EOI, an ITA (Invitation to Apply) is issued to the selected candidates
- After receiving the ITA, the applicant has to submit their Business Continuity Plan report and also pay a fee of $250.
- If the application is approved, the candidate has to appear for an in-person interview.
- After approval of the application, the candidate will be able to apply for Canada PR.
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