Manitoba Business Investor Stream

Intoduction

The Business Investor Stream permits the MPNP (Manitoba Provincial Nominee Program) to recruit the nominated eligible entrepreneurs and international business investors who are with the intention and with the capability to commence a business venture or purchase a business in Manitoba or collaborate on an already-existing one. The Manitoba Provincial Nominee Program was the first Canada Provincial Nominee Program (PNP), in 1998, it became a permanent immigration program. The main aim is to launch this program to help grow the province’s economy by immigration based on the needs of the economy and the labour market.

What is Manitoba Business Investor Stream?

Manitoba Business Investor Stream is one of the options or streams under Manitoba Immigration Stream, which is exclusively for the applicants who are looking to establish a business in Manitoba. There are two pathways under the Manitoba Business Investor Stream for immigration. They are:

The Farm Investor Pathway:

This pathway is for the individuals who have experience in farm business and who have the intention to establish a farm in rural Manitoba. The applicants should have a minimum experience of 3 years with a net worth of CAD 500,000 and need to invest CAD 300,000. After the farm visit and submission of the business plan, the applicants may receive a provincial nomination, which will help them to get a permanent residency.

After the farm visit and submission of the business plan.

The Entrepreneur Pathway.

This is for the senior managers or owners with a minimum of three years' experience. To create a job for a Canadian, you must invest CAD 250,000 (or CAD $150,000 outside of Winnipeg). You can apply for Canada PR Visa after the submission of a business plan and the receipt of a nomination. The application fee for both the pathway is CAD $$2,500.00 and the processing time is 6 months.

Manitoba Business Investor Stream Eligibility Criteria

The Eligibility Criteria for Manitoba Business Investor Stream are:

  1. Expertise in Business:

    The applicants should have at least 3 years of full-time experience in the previous 5 years. You can be either an active business owner or senior manager in a successful business. In the farm investor pathway, you should have at least 3 years of experience as a farm owner and farm operations.

  2. Proficiency in Language:

    The applicant must have scored the pass mark of CLB/NCLC 5 in an approved language test. In the farmer investor stream, the applicant must have the language proficiency in either the English or the French language.

  3. Education Requirements:

    The applicants should have at least a Canadian high school certificate equivalent.

  4. Net Worth Requirement:

    The applicants should have a legally acquired minimum net worth of CAD $500,000.

    In the farmer investor stream, the applicants must have a minimum net worth of $500,000.

  5. Investment in Business:

    The applicants must invest at least CAD $250,000 in the Manitoba Capital Region or CAD $150,000 outside of it to be eligible for the Entrepreneur Stream. Invest at least CAD $300,000 in rural Manitoba to qualify for the Farm Investor Stream.

Benefits of Manitoba Business Investor Stream

The Manitoba Business Investor Stream provides several advantages for Investors and entrepreneurs who intend to commence a business in the province of Manitoba. In addition to this, many Candidates can receive a provincial nomination for permanent residency through the Manitoba Business Investor Stream. This provincial nomination for permanent residency can be obtained under the Canada Business Visa program, which will support you and your family to reside and work in Canada permanently. The advantages of this stream include:

  1. Growth of the Economy:

    Manitoba has a diverse economy, with some key industries like education, agribusiness, financial services, aerospace, and more. With an estimated 1.5% yearly growth rate, there will be ample opportunity for corporate expansion.

  2. Reduction in Cost of business:

    This stream provides the lowest business operation costs in Canada, especially in a city like Winnipeg. The province is a great place to start or invest in a business because industrial property, office rents, and electricity expenses are all reasonably priced.

  3. Talented workforce:

    The workforce in the province is dynamic and skilled, which makes it easier for your company to find people.

  4. A healthy export market:

    Manitoba exports a lot of commodities to nations like China, Japan, and the UK, giving companies access to a worldwide market.

  5. Stability in Economy:

    Manitoba offers a stable business environment with Canada's lowest unemployment rate.

How to Apply for Manitoba Business Investor Stream

To apply for the Manitoba Business Investor Stream, follow the below steps:

  1. Verify Eligibility (Self-Evaluation)

    First, the applicant needs to determine their eligibility. Whether you qualify by completing the Self-Assessment Form. This form will help you to check your eligibility based on some aspects like your.

    • Education
    • Age
    • Net worth
    • Investment plans
    • Business or farm experience
    • Language proficiency

    Once you meet all the eligibility requirements, then you receive a score and you can move to the next step of the application process.

  2. Explore and Research Manitoba

    The next step is to research and explore Manitoba for business opportunities and collect the required information about the market, competitors, and how your business will take part in the economy of Manitoba. This is applicable under the Entrepreneur Pathway. In the Farm Investor Pathway, the applicants need to visit a farm and conduct a farm research to know the farming opportunities in rural Manitoba. This will assist you in understanding agricultural expenses, output, machinery, and vendors. After applying, this visit should take place within a year.

  3. Submission of Expression of Interest (EOI):

    After exploring and researching Manitoba, the next process is to submit an Expression of Interest (EOI) to MPNP. The EOI includes Interest Guidelines and Forms for Farm Business Concepts (for candidates to the Farm Investor Pathway), Business Concept Form (for Entrepreneur Pathway candidates), details of self-assessment like education, business/farm experience, age, language skills, etc. These forms are not yet applications, but they do show your interest. After reviewing your EOI, MPNP will assess whether you fit the requirements.

  4. Submission of Application

    The applicants will have 120 days to submit a full application if MPNP issues them a Letter of Advice to Apply (LAA). some of the details to be included in the application are:

    • A farm business plan for candidates to the Farm Investor Pathway or a business plan for applicants to the Entrepreneur Pathway
    • Verification of net worth from the third party.
    • An application fee that is not refundable (CAD $2,500 for Entrepreneur Pathway or as needed for Farm Investor Pathway)
    • Some additional documents listed in the MPNP

  5. Evaluation of the Application

    In this step MPNP will evaluate the candidate's application, and they may provide you an invitation, insisting you attend the interview. In case your application is approved, then MPNP will send you a Letter of Approval. Applicants for the Farm Investor Pathway must also pay a refundable deposit of CAD $75,000 and sign a Deposit Agreement. After the terms are fulfilled and the farm business is effectively created, this money is refunded.

  6. Request a Temporary Work Permit

    After receiving their Letter of Approval (LAA) and signing the Business Performance Agreement (BPA) for Entrepreneur Pathway applicants or the Deposit Agreement for Farm Investor Pathway applicants, applicants can now apply for a Temporary Work Permit to enter Canada and begin their business or farm in Manitoba.

  7. Launch a Farm or Business in Manitoba

    Finally, you can start your business or a farm in Manitoba. In this stage, you need to follow certain conditions of your agreement, along with the investment timelines, job creation, and business performance. MPNP will record the progress and ensure that you fulfill all the terms and conditions of your deposit agreement.

Why Choose Croyez Immigration?

Croyez Immigration is one of the top licensed visa agents. We offer you expert services for the Manitoba Business Investor Stream. We guide our clients through deep understanding of the program’s requirements, and we assess them through every step of the process. The reason to choose Croyez Immigration is:

  • We guarantee smooth and efficient application for our clients. Our expert team is well versed in the latest developments of the immigration policies.
  • We provide a transparent service to our clients, which leads to minimise delays and risk of errors.
  • We provide full assistance, from determining your eligibility to filing your application, making sure your farm or business investment in Manitoba satisfies all requirements.
  • Being trusted professionals, we offer you an easy communication service and keep you informed at all stages.

Through the Manitoba business Investor Stream, company owners and farm investors can invest in Manitoba companies or farms and gain permanent citizenship in Canada. This stream provides chances to applicants to gain business experience and enhance their lifestyle.