India - +919745688008 & +919544061275

Canada -+(514)7467465

Germany - +4915566051254

ENTREPRENEUR / BUSINESS PROGRAM

Home /VISA Services/ Canada / Entrepreneur/Business Program

eduvoyageconsultancy

ENTREPRENEUR / BUSINESS PROGRAM

The renewed Entrepreneur Pathway stream. It allows to recruit and nominate qualified business people from around the world who have the intent and ability to move to the Provinces of Canada and establish, purchase a business or become partners in an existing business within the first 24 months of arrival in Canada on a temporary work permit. In some cases, Applicants are no longer required to submit a deposit to the Provincial Government. In Case of New Brunswick, the Province allows to get Direct Permantnet Resident Status by obtasining $100000/- Performance Deposit.

 MANITOBAONTARIONew BrunswickNova Scotia
Minimum Required Points to QualifyMaximum 150Maximum 200Minimum 65Maximum 160
Performance Deposit requirementNot RequiredNot Required$100000Not Required
Business Research VisitA Business Plan is required and is an integral part of the application. A business research visit allows the applicant to conduct extensive research of their future business investment or proposal. The Business Research Visit must be conducted no more than one year prior to the submission of your EOI.Elaborate Business Plan is required. You must make at least one business-related visit to Ontario in the last 12 months from the date of registering an Expression of Interest if you purchase or are planning to purchase an existing business.You must demonstrate, through an elaborate Business Plan, that the business concept is of economic benefit to New Brunswick and operates for the primary purpose of earning profits by providing products and/or services. Visit to NB is of extreme importanceYou must demonstrate, through an elaborate Business Plan, that the business concept is of economic benefit to Nova Scotia and operates for the primary purpose of earning profits by providing products and/or services. Visit to NB is of extreme importance
Business ExperienceMinimum of three years of full time work experience in the past five years either as an active business owner or working in a senior management role of a successful business. Business owners must have at least 33 1/3% ownership to qualify for points.You must have at least 24 months of full-time business experience in the last 60 months.you must be the business owner (of at least 33 3%) for at least three out of the last five years OR you are the senior manager in a business in five out of the last five yearsHave a minimum of three years of business ownership experience including 33.33% ownership in the last 10 years or greater than five years of experience in a senior business manager role in the last 10 years
Official Languages ProficiencyA business research visit allows the applicant to conduct extensive research of their future business investment or proposal. The Business Research Visit must be conducted no more than one year prior to the submission of your EOI.Official language proficiency at a Canadian Language Benchmark (CLB) 4 level or equivalent.Minimum CLB 5. May get higher points for higher level of EnglishHave Canadian Language Benchmark (CLB) 5 in English
EducationMinimum Canadian high school certificate equivalentYou may claim points based on your highest level of education completed. There is no mandatory minimum requirement to be considered for the Entrepreneur Stream.Minimum 2 year Post Secondary Diploma or Certificate, Accredited by WES in Canada.Have a minimum of Canadian high school diploma or equivalent foreign credential verified by an Educational Credential Assessment
AgeNo minimum or maximum age; however, ranking points are allocated to candidates 25 to 49 years of age.No Age restrictionsMay get higher points for less than 55Educational Credential Assessment (ECA)
Business InvestmentMinimum investment is $250,000 for businesses situated in the Manitoba Capital Region. Minimum investment is $150,000 if a business is situated 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)within the Greater Toronto Area, you must make a minimum personal investment of $600,000 CDN and control at least one-third of the equity in the business. Outside of the Greater Toronto Area, you must make a minimum personal investment of $200,000 CDN and control at least one-third of the equity in the businessinvestment of not less than CAD $250,000. Higher points awarded for higher investmentsAgree to make a minimum capital investment of $150,000 CAD to establish a business in Nova Scotia
AdaptabilityYour spouse has CLB/NCLC 5 or higher; You or your spouse or common-law partner have a close relative currently residing in Manitoba for more than one year;Points are awarded for the location of Business. The exhaustive Business PlanSpousal English Testing will award additional PointsAfter assessment of the application is complete, if you appear to meet the Entrepreneur Eligibility Criteria you will be contacted to participate in an in-person interview with NSOI staff. You will be required to travel to Nova Scotia to participate in this interview. It is anticipated that the interview take place within 60 calendar days of NSOI’s request
Net WorthMinimum of $500,000within the Greater Toronto Area (City of Toronto and Durham, Halton, York and Peel regions) you must have a minimum net worth of 800,000 CDN. Outside of the Greater Toronto Area you must have a minimum net worth of $400,000 CDN.personal net worth of at least CAD $600,000 of which CAD $300,000 must be liquid and unencumbered.Have no less than $600,000 CAD in unencumbered net business and personal assets that are readily available for transfer to Canada
Business Performance AgreementAfter an application is approved, a Business Performance Agreement (BPA) must be signed prior to the MPNP issuing you a letter of support for applying for a work permit.After an application is approved, a Business Performance Agreement (BPA) must be signed prior to the OINP issuing you a letter of support for applying for a work permit.A Performance Deposit of $100000 to be made to NB govt.