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Canada PNP Businessman And Investor

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Canada PNP Businessman And Investor

Overview

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Fulfilling the need of more migrants in urbanized Canadian provinces, the Canada Immigration and Citizenship established the Provincial Nominee Program to accomplish the requirement of manpower in these provinces. More skills would bring ample boost in individual economies along with distributing sufficient investments in those employments which demand overseas skills.

For prospective immigrants under the Canada Business Provisional Program, understanding various grains linked with the application process might be a tedious task, courtesy various facets associated with it.

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Annual Immigration Quota

Every province barring Quebec has its own quota for accepting skilled migration provided by the annual Immigration quota. Interested candidates intending to apply under the Canada Business Provisional Program can choose the province of their choice, and our immigration specialists would acquaint them on various facets linked with province, along with providing the minutest granule of the job market.

Manitoba Provincial Nominee Program for Business (PNP-B)

With over 1 million of population, diverse backgrounds and plenty of skills, Manitoba can be an idyllic immigration destination for you and your family. Be it starting a business, purchasing a farm or getting involved in a skilled job, Manitoba serves your purpose. Manitoba Provincial Nominee Program for Business (PNP-B) boosts the overall immigration procedure by providing a Manitoba provincial Nomination Certificate to the prospective businessmen, making the entire processing faster.

Government of Canada and Manitoba PNP-B

Canadian government along with Manitoba share onus of business migration happening in the province through the Manitoba Provincial Nominee Program. Manitoba PNP-B allows an applicant to be nominated and hence getting involved in a Manitoba business. It is essential for the business people to fulfill the prerequisite criteria along with having intentions to move to the province for the establishment of the business or have alliance in an existing venture.

Eligibility Criteria for Manitoba Provincial Nominee Program for Business (PNP-B)

  • Businessmen and executives having significant senior management experience and having a personal net worth of at least CAD $500,000 would surely find Manitoba Business (PNP-B) as an attractive option. This personal net worth can be jointly held with the spouse or can be in sole name of the principal applicant.
  • Those lacking any prior business experience but are decked with more than three years of management experience can still qualify under the Manitoba Business (PNP-B). Our PNP team would scrutinize your case and suggest other options accordingly.
  • Other pre-requisites are an investment into business, in the province of Manitoba, of at least CAD $150,000, after the applicant has landed in the province on conditional permanent resident visa. This amount will be exclusive of any investment done in property or any other passive asset.
  • The applicant must file a preliminary application with details on his past and current profile as also personal net worth. He is then invited by the provincial authorities to make an exploratory visit to the province, at his costs and expense.
  • During the visit, he explores business and settlement opportunities offered by the province. He also attends information seminars conducted by provincial agencies and meets designated immigration officials for a one to one interview. During the interview, the applicant offers insight into his knowledge of the province and his intended business plan, if the visa is issued to him.
  • The selected candidate is asked to submit a formal application that should be accompanied by a formal business plan. An approved Business Plan is another mandate for Manitoba Business (PNP-B) program, being a business oriented program.
  • After review of the application and business plan, final decision is taken on the application and the applicant is asked to make an Interest free refundable cash deposit of CAD $75,000 must be made with the provincial Government which would act as an assurance for the purchase or establishment of a business enterprise in Manitoba. The applicant must start or buy an established business enterprise on Manitoba within 2 years from the date of first landing; failing which this deposit will be forfeited by the provincial authorities. He gets this deposit back if he meets his business plan commitments after landing in Manitoba. He can change his business plan after prior intimation and approval of the provincial Government agencies.
  • Although not obligatory, proficiency in the English language would add cherry on the cake.

British Columbia (BC) Provincial Nominee Program (PNP) For Businessmen

British Columbia (BC) Provincial Nominee Program for Businessmen offers three options for the intending businessmen. These are Business skills category, Regional business category and Strategic skills category.

Business skills and Regional Business Categories

Business skills and Regional business categories is for those prospective immigrants who are decked with medium to small capabilities in terms of their experience in business background, personal net worth as well as actual investment. The USP of these programs lies in ample business and infrastructure support provided by the province. The mandate is to establish an active legal business and should be handled by the applicant who have been granted visa under these programs.

Application Process for Business Skills and Regional Business category

The application process for both Business Skills and Regional Business categories is almost the same. Here is a detailed process of filing an application under the Business Skills and Regional Business categories and further set up your business in British Columbia:

  • Initial step is to acquaint our clients with the preparation of the application and filing the preliminary application. The application at this stage must contain a business intent documents that contains information on intended business enterprise that the applicant intends to start in the province of British Columbia. This information will form basis on decision of the Provincial Government on whether or not to invite the applicant for an exploratory visit visa to the province of British Columbia.
  • Next step is client's exploratory visit to BC. During the visit, he researches on the market and also formulates a formal business plan with the assistance of business brokers, professional accountants and attorneys. The client has a choice to either select his own set of advisors or get formal business plan formulated with their help.
  • He then seeks an appointment with provincial designated government officials and provides them information on his insights and learning's and business opportunities provided by the province. He also gets an opportunity to make formal presentation of his business plan.
  • After this, we would now submit other mandatory documents including necessary forms, paper-work and a processing fee of CAD $3,000, which is non-refundable. As a Business Skills applicant, if the client is willing to support the nomination of a key staff member, it here becomes essential to pay additional $1,000. We would prepare separate application for such cases for an additional fee. Regional Skills applicants don't have this option in store for them.
  • This will be followed by decision by British Columbia provincial Immigration officials which would leave the applicant a choice to follow either of the two options:
  • After the approval for BC PNP, our clients would be guided for "fast track" nomination on their consent. For this option, a security deposit worth $125,000 needs to be provided, along with fulfilling other pre-requisites. In this case, he will get a conditional permanent residence visa to Canada. During the advised 2 years period the applicant will implement the committed business plan, do suggested investment, create promised jobs and then conditions attached to his PR application will be removed. The applicant can change his business plan so long as he gets it approved by provincial agencies and the new business plan does not compromise on committed areas related to key factors such as investment and jobs.

The Strategic Skills Category

The strategic skills category is designed for businesses / firms / companies having a broad business venture outside Canada, intends to expand the same into British Columbia and wish to nominate company executives to manage such proposed businesses in the province.

Business Skills

Those applying under BC PNP under the Business Skills Category are entitled to establish their business in BC after fulfilling the following mandates:

  • Personal net worth: At least $800,000
  • Additional jobs creation: 3 jobs for permanent residents or Canadians
  • Required investment: $400,000 CAD
  • Business ownership demanded: Minimum of 33 1/3%
  • Active and ongoing participation in business management: Yes
  • Number of Key Staff that the principal applicant is permitted to include: 1

The list does not end here. The applicant can further apply for a PR status after fulfilling the mandates during the initial two-year work permit. Another option is to take the route of "fast-track" nomination after signing the performance bond. Other pre-requisite is to deposit $125,000. Contact us to know more.

Regional Business

Under the Regional business category, the applicants can establish business outside GVRD (Greater Vancouver Regional District) and Abbotsford for which the qualifying criteria is as mentioned:

  • Personal net worth: At least $400,000
  • Additional jobs creation: 1 jobs for permanent residents or Canadians
  • Required investment: $200,000 CAD
  • Business ownership demanded: Minimum of 33 1/3%
  • Active and ongoing participation in business management: Yes
  • Number of Key Staff that the principal applicant is permitted to include: None

Strategic Projects

Here are the qualifying criteria for applicants applying under the Strategic Projects under the BC PNP:

  • Additional jobs creation: 3 jobs for every nominee applicant included in the venture of Strategic projects
  • Required investment: $500,000 CAD
  • Business ownership demanded: Minimum of 33 1/3%
  • Number of Key Staff that the principal applicant is permitted to include: 5 (maximum).

Saskatchewan Business Immigrant Nominee Program (SINP) Qualification parameters

Pre-nomination stage

  • A minimum net personal asset value in tune of atleast CAD 300000 (your and your spouse’s possessions) accumulated through legitimate means and can be evidenced. These personal assets must be free of any claims and levies.
  • At least 3 years of relevant business experience either as a business owner or a manager in specified capacities and duties.
  • Be able to substantiate your intentions to settle down in the province through a BEP.

Saskatchewan Business Immigrant Nominee Program (SINP) Qualification parameters

Post - nomination stage

After being short listed for sponsorship you must

  • Deposit CAD 75000 as Good Faith Security
  • Invest atleast CAD 150000 in the state. In case the slated investment is 33% in a concern the
  • Actively participate in running of business newly established or acquired by way investing in an existing organization.

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