Manitoba Business Investor immigration Program Path for Entrepreneur and Farm investor to become permanent resident in Canada
INTRODUCTION Manitoba’s new Business Investor Stream replaces the old Manitoba Entrepreneur Stream under MPNP. This program allows the province to choose the right business immigrant into the province. Under this program, Manitoba has two different streams 1. 2.
Entrepreneur Pathway Farm Investor Pathway
BIS program mainly focuses on inviting business personnel to generate economy in Manitoba and create jobs for locals in Manitoba. Apart from business and farm investors, Manitoba also invites skilled professionals into the province through their Manitoba Provincial Nominee Program.
THE ENTREPRENEUR PATHWAYTo qualify for this program the applicant should intend toi. Purchase a running business in Manitoba either wholly or partly ii. Invest in a running business there iii. Start a new business in Manitoba. In any of the businesses the applicant is part, the applicant should own at least 33.33% of the business share. They should also have the decision making rights in the business and participate in the everyday running of the business. The aspirant applicant should have business experience or should have worked as a senior manager or should have been part of the senior management group of a successful business.
The aspirant applicant should clear one of the language tests to prove their language ability. They should have earned a minimum of CLB 5 in each of the language band. The applicant should have at least earned a minimum education certification equivalent to Canadian high school. This is similar to that of the Skilled Immigration program. The applicant should be between the age of 25 and 49 years. In Manitoba capital region, the applicant should be prepared to invest a minimum of CAD $250,000 and if the investor intends to invest in non-capital region of Manitoba, then the investor should be prepared to invest a minimum of CAD $150,000. The investment should be made in a proper pre-authorized business in Canada. The applicant needs to do a lot of research before deciding to invest in a particular project or business.
It is advisable to approach an investment immigration expert to get expert advice in the matter. The investor also should ensure that the business will generate at least 1 job opportunity for the locals in Canada- either a citizen or permanent resident in Manitoba. The applicant should prepare a proper business plan to present to the Immigrations. The applicant should make a mandatory business visit to Manitoba to research about the business, the location and other parameters. The business plan should be based on such a research. The applicant should have done this research a year prior to submission of the Expression of Interest. Few adaptability factors also bring in points for the applicant which will be based on the qualifications of the applicant’s spouse.The applicant should have a personal networth of CAD 500,000.
FARM INVESTOR PATHWAY – To qualify for this pathway, the applicant should have a minimum of 3 years of farming or farm business experience. The applicant needs to prove their language capabilities either English or French to qualify for the program. The applicant should be ready to invest a minimum of CAD $300,000 in rural Manitoba farm land. The applicant should submit a farm business plan to the immigrations. The applicant should express their intention to participate in the day to day running of the farm. The applicant should prove their personal net-worth of CAD $500,000. It is advisable to invest after taking proper advice from an experienced investment immigration firm who are also experts in the same. It will be even better if they are recognized by the ICCRC, Canada. Manitoba is a secure and safe province which is also rich in economy and minerals. There is a sure shot of returns for the investment in the Province. However, the applicant should ensure they are making the right move. SOURCE: https://www.apsense.com/article/manitoba-business-investorimmigration-program.html
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