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  • How to become a Permanent Resident in Canada through business or entrepreneur category

    Thinking of becoming a Permanent Resident in Canada through business/entrepreneur category? This is for you.

    Using your work experience? This is skilled immigrant category.

    This info covers
    -Available PR programs for entrepreneurs
    -Requirements

    Is it possible to become a permanent resident in Canada with No/Low language test score through the ENTREPRENEUR category? YES!

    But as I always say, for the over 60 immigration programs in Canada, there are 3 boxes to always check.
    - Interest
    - Eligibility
    - Financial Capability 

    The business/entrepreneur programs are for applicants who are interested in setting up businesses in Canada. This then makes it possible for them to be permanent residents.There are, however, other requirements to be met, I'll highlight the programs & provide links to read more. 

    At the Federal level, Start-up Visa is the business immigration program,Language test requirement for this is CLB 5, but you must have an innovative business idea & get (financial) support for your idea from one of the designated organizations

    Details at bit.ly/3733WY2 

    Fun fact: If you are able to get the support of any of the designated organization for your business idea & meet other requirements, you will be eligible for a temp work permit to come to Canada and start your business (as your permanent residence application is being processed).

    At the Provincial level, each province has its requirements:

    British Columbia Entrepreneur Program:

    - A personal net worth of at least $600,000
    - Personal investment of at least $200,000
    - 3 years of business ownership experience
    - No IELTS

    Details at bit.ly/37lBocU 

    Manitoba Entrepreneur Pathway:

    - Personal investment of at least $250,000 in the Manitoba Capital Region (MCR) or $150,000 outside the MCR.
    - 3 years of business ownership experience
    - CLB 5 IELTS (or another language test).

    Details at bit.ly/37nKFRW 

    New Brunswick Entrepreneurial Stream:

    - Eligible business investment of not less than CAD $250,000 before tax
    - Minimum CLB 5 IELTS (or another language test).

    Details bit.ly/3364Ikl 

    Nova Scotia Entrepreneur Stream

    - Have a net worth of at least $600,000
    - Be able to invest at least $150,000 CAD of your own money to establish a business in Nova Scotia
    - CLB 5 language test
    - 3 years of business management/ownership experience

    Details bit.ly/2rfJPWv 

    Ontario Entrepreneur Stream:

    - A minimum net worth of $800,000 & personal investment of $600,000 within the Greater Toronto Area (GTA)
    - A minimum net worth of $400,000 CAD & personal investment of $200,000 outside GTA.
    - Minimum CLB 4 IELTS

    Details bit.ly/2qml8rG 

    Saskatchewan Entrepreneur Category:

    - Have $500,000 minimum in Net Business and Personal Assets;
    - Invest a minimum of $300,000 (CAD) in Regina/Saskatoon, or $200,000 in other Saskatchewan communities.
    - Language test (Only if applicable).

    Details bit.ly/30sdAkA 

    Northwest Territories Business Stream:

    - Personal net worth of $500,000 CDN & investment of $300,000 within Yellowknife, or
    - Personal net worth of $250,000 CDN & investment of $150,000 outside Yellowknife
    - Faith deposit of $75,000
    - CLB 4 IELTS

    Details bit.ly/35Plpmk 

    Yukon Business Nominee Program:

    - Have a net worth of at least $500,000
    - Minimum of $300,000 in liquid assets
    - Show how you will invest at least $300,000 in capital investments
    - 3 years entrepreneurial/business management experience
    - No IELTS

    Details bit.ly/2rbY5j0 

    Quebec Entrepreneur Program:

    - Minimum net worth of $900,000
    - Startup & security deposit at a financial institution in Québec
    - Minimum investment of $300,000 inside Montréal metropolitan area or $200,000 outside.
    - CLB 5 English or CLB 7 French

    Details bit.ly/3agI6T0 

    Prince Edward Island Business Impact Program:

    - A minimum net worth of $600,000
    - Have transferable management skills and past employment or business ownership experience
    - CLB 4 IELTS or another language test

    Details bit.ly/2u70I7m 

    Alberta accepts applications through Federal Start-up visa program.Nunavut and Newfoundland & Labrador have no entrepreneur program.

    So if anyone has promised to help you become PR in Canada through an Entrepreneur program & you do not fit the criteria above, ask them well oo. 

    If you are interested in, and eligible for any of the programs above & you require legal support, come talk to @ogayemilawfirm. You can also send an email to info[at]ogayemilawfirm[dot]com for professional support.

    I hope this is of help to someone.

    Cheers.

    Author

    Updated on 4:38-am February 25,2020


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    Tags: Canada business resident Canada resident Canada Entrepreneur resident

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