CANADA BUSINESS PROGRAM
CANADA falls amongst the best destinations for foreign investors. As the benefits of this country includes the best healthcare and education systems in the world, G8 and NAFTA member and one of the safest countries to live in.
Canada offers Below mentioned programs through business or investment.
BUSINESS PNP PROGRAM:
Manitoba has diverse cultural background. The size of the province makes it ideal place to purchase business or farms.The Manitoba program is open for businessmen as well as working professionals who meet the eligibility criteria.
The investment options under this program are either an investment in your own business or purchase an existing business for amount of 150,000 CAD. A good faith deposit of 100,000 CAD is required, which is returned once the investment has been made.
Manitoba Work Entrepreneur Pathway Eligibility Criteria
Business Experience : Minimum three out of five years experience as an active business owner or senior management in a successful business.
- Business owners are given higher points in comparison to senior managers.
- Business owners must have at least 33 1/3% ownership to qualify for points.
- Official Languages Proficiency Minimum CLB 5.
- Education Minimum Canadian high school certificate equivalent.
Age : No minimum or maximum age; however, ranking points are allocated to candidates 25 to 49 years of age.
Business Investment : Minimum investment is $250,000 for businesses located in the Manitoba Capital Region.
Minimum investment is $150,000 if a business is located outside of the Manitoba Capital Region.
The proposed business must create or maintain at least one job for a Canadian Citizen or a Permanent Resident in Manitoba (excluding owners of the business and/or their close relatives).
Business Research Visit
A Business plan is required and is an important part of the application.
A Business Research Visit allows the applicant to conduct extensive research on their future business investment or proposal.
The Business Research Visit must be conducted no more than one year prior to the submission of an EOI.
The program requires a demonstration of business experience, to show a net worth of at least 1,600,000 CAD and invest 800,000 CAD for a period of 5 years. This investment is guaranteed and returned without interest after the investment period of 5 years and three months.
Applicant will be eligible to apply for citizenship alongside their family members, if they have lived in Canada for three out of five years (1,095 days), have adequate knowledge of English and/or French, have not criminal record and have acquired a knowledge of the rights and responsibilities of Citizenship, as well as an understanding of Canada’s history, values, institutions and symbols.