Persons who immigrate to Canada under the Provincial Nominee Entrepreneur visa have the required capital, skills, education and business experience needed to make an immediate economic contribution to the province that nominates them. Under these various provincial nominee entrepreneur programs, lucrative and exciting opportunities exist for business immigrants to make a personal investment to establish or purchase an eligible business in the respective province. In return they are provided with the expedited handling of their applications for permanent residence allowing them and their families to settle in a Canadian province.
Provincial Nominee Entrepreneur Visa Basic Requirements
The specific requirements for the British Columbia, New Brunswick, North West Territories, Prince Edward Island, Saskatchewan, Newfoundland & Labrador, and Yukon provincial nominee entrepreneur programs are outlined below. Generally, additional conditions also apply to each program such as the requirement to engage in exploratory trips, the submission of performance agreements, cash deposits and business plans.
Generally, applicants must meet the following requirements:
- make a personal investment of at least $150,000 to $400,000 CAD to establish or to purchase and expand an eligible business;
- create new jobs for locals;
- provide active and on-going participation management of the business;
- possess a personal net worth as required by the Province; and
- possess previous management or business experience relevant to the intended business.
Provincial Nominee Entrepreneur Visa Entitlements
Provincial Nominee Entrepreneurs will have access to Canada’s first rate communication facilitates, a highly trained workforce, special taxation incentives for business investment, and close geographical access to the wider North American market. Other benefits of holding permanent residence include access to government-subsidized health care, subsidized education and the ability to apply for citizenship once eligible.