This permanent residence program is for qualified businesspersons from around the world who have the intent and ability to move to Manitoba 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.
How to apply? At the time of writing, there is an interim six-step process in place for the applications under this stream. Step 1) complete self-assessment, Step 2) submit an expression of interest, Step 3) Receive LAA (Letter of Advice to Apply) and submit a complete application, Step 4) After your application is assessed, sign a BPA, and obtain a work permit, Step 5) Establish a business and fulfill the BPA, Step 6) receive a final recommendation by the MPNP and apply to IRCC for permanent resident Visa.
|Point System||Business Investor – Entrepreneur Self-Assessment that includes Human Capital Factors such as age (10 points), Education (10 points), Business Experience (30 points), Official Languages Proficiency (25 points), Investment Factors including Net worth (10 points), Business Investment (15 points), Economic Priorities (5 points), Business Research Visit to Manitoba (20 points), and Adaptability Factors include Spouse Language Ability (10 points), Ability in the second official language (10 points), Close Relative in MB (5 points), Child in MB (5 points), Previous Study and/or work experience in MB (5 points). Total points 150.|
|Language||Minimum CLB/NCLC 5|
|Experience||Minimum of three years of full-time work experience in the past five years either as an active business owner (minimum 33% or one-third ownership) or working in a senior management role of a successful business. Business owners are given higher points compared to senior managers. Business owners must have at least 33% (1/3) ownership to qualify for points.|
|Education||Minimum Canadian high school certificate equivalent|
|Others||Net worth: Minimum $500,000.Investment: 1) Minimum investment is $250,000 for businesses situated in the Manitoba Capital Region. 2) Minimum investment is $150,000 if a business is situated outside of the Manitoba Capital Region.Job creation: 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).Research visit: Since a business plan is required, therefore, you are allowed to conduct a business research visit. There are lists for eligible and ineligible investments and businesses.|
Contains information from the Government of Manitoba, licensed under the OpenMB Information and Data Use License (Manitoba.ca/OpenMB)