The Alberta Business Plan: Paving the Way for Your Entrepreneur Pathway
Finding it difficult to choose which province of Canada is best for you to start a business? Go for Alberta! With the lowest corporate tax and no provincial sales tax, Alberta offers the best to the newcomers on their Entrepreneur Pathway. All you need is a well-structured Alberta business plan to put your business case up in the best way possible. Read on… Alberta Immigrant Nominee Program The Government of Alberta is very supportive of entrepreneurial spirit and thus has strategic immigration plans in place to identify young and talented newcomers. AINP (Alberta Immigrant Nominee Program) is one such platform that has 3 streams for entrepreneurs who seek to purchase a business and live in Alberta. These streams allow them to apply for permanent residence. These are – International Graduate Entrepreneur Immigration Stream (IGEIS) – Under this stream, Alberta Government can nominate qualified students who want to purchase and operate a business in the province. These students must have a degree or diploma from an approved institution of Alberta after studying for a minimum of 2 years. The eligibility criteria include – - A valid post-graduation work permit during the application submission. - Have a Canadian Language Benchmark (CLB) of 7 in each language skill; listening, reading, writing and speaking. - A minimum of 6 months of work experience. This work experience can be acquired either from within Canada or outside Canada.
- Propose a new business idea or partner with a Canadian Citizen or PR with at least 34% ownership of the entrepreneur pathway. The Alberta Business Plan for IGEIS must be crafted smartly to highlight the aim of generating profit through the business idea and its products or services. It is imperative to focus on your skills and initiatives in terms of growth opportunities that will benefit the province at large. Self-employed Farmer Stream – If you want to pursue farming and have the financial resource to purchase a new or existing farm, this application is for you. Eligibility criteria for this stream include – - Minimum net worth of CAD 500,000 or access to similar funds for investment in the farming business. - Proof of an existing farm business. - Documentation of academics. - Experience in farm management. Make use of your farm management and draft an Alberta business plan to show how feasible your farming idea is. However, this Entrepreneur Pathway needs consultation with Alberta Agriculture & Forestry to ensure that your farming ideas contribute towards the Alberta Agriculture industry. Foreign Graduate Start-up Visa Stream (FGSVS) – This stream is for graduates from outside Canada with innovative business ideas. FGSVS is an economic immigration program that collaborates with AINP and designated agencies to select qualified foreign graduates. The eligibility criteria are similar to IGEIS, however, the Alberta business plan, in this case, is a decisive factor. The designated agencies carefully review these business plans to determine the readiness of your entrepreneur pathway and accordingly submit the report to FGSVS. Alberta Business Plan Therefore, it becomes significant to do your due diligence while conducting research regarding Alberta and its market to do business. A thoroughly researched Alberta business plan must cover – - Your expertise in operating and managing a business. - Successful entry into the Albertan market - A good demonstration of the market needs and demands. - Strategic plan of acquiring and gaining customers. - Development of business over time through strategic alliances and partnerships. - Financial projections to fund the entrepreneur pathway and make it grow.
If you are willing to take the risk of starting a new or existing business, these AINP entrepreneur streams are perfect for you. Take the help of an expert for writing a winning Alberta Business Plan and make your entrepreneur pathway rewarded with profits and unlimited growth opportunities.