Entrepreneur Stream
Canada has 10 provinces & 3 territories and each province has its own Entrepreneur Immigration Canada and preferred industries depending on their economic development & labour market preferences
The PNP Entrepreneurial Stream is designed for experienced business owners and entrepreneur immigration Canada, who wish to become permanent residents by owning a business and managing it in one province of your choice while residing in that province.
Through Canada’s Business Class immigration path ways, Canada aims to attract individuals that have a substantial ability to contribute to the Canadian economy. These path ways are offered with the aim of promoting economic development and improving the job market by attracting investors, entrepreneurs and self-employed individuals from outside Canada with available venture capital, significant business acumen, and entrepreneurial skills. The demographics, cost of living and business set up cost varies from province to province and hence each province has its own requirements for required investment and the businesses they would like to attract.
However the overall process for Entrepreneur Immigration Canada goes as below:
Each province has its own eligibility criteria and required investment for its, entrepreneur streams but if you have the following than you may be eligible for one of the entrepreneur streams.
- Must be willing to invest CAD 100,000 + and be actively involved in managing the business
- Overall Net worth of CAD 250,000 and above (includes spouse’s net worth)
- Must have 3-4 years of experience as Business Owner or Senior Manager
- Language proficiency requirements: CLB 4 -5 in English or French
- We help you spotting the right opportunity and facilitate establishing a new business, buy an existing business or franchise or buy shareholdings of a company
- Help with market research, make local business contacts and arrange exploratory visit if required
- Assist with pitch creation, business plan development and getting referral from community (if required)
- Preparing and processing EOI, PnP entrepreneur applications, work permit and PR application
- Incorporate, acquire or setup your business by taking care of corporate formation and taking care of legal and financial aspects as required
- Help you understand and comply with employment, licensing and other regulatory requirements & laws in Canada
- Help you move your key employees to Canada or hire foreign workers if required
Through Canada’s Business Class immigration path ways, Canada aims to attract individuals that have a substantial ability to contribute to the Canadian economy. These path ways are offered with the aim of promoting economic development and improving the job market by attracting investors, entrepreneurs and self-employed individuals from outside Canada with available venture capital, significant business acumen, and entrepreneurial skills. The demographics, cost of living and business set up cost varies from province to province and hence each province has its own requirements for required investment and the businesses they would like to attract.
However the overall process for Entrepreneur Immigration goes as below:
Each province has its own eligibility criteria and required investment for its entrepreneur streams but if you have the following than you may be eligible for one of the entrepreneur streams.
- Must be willing to invest CAD 100,000 + and be actively involved in managing the business
- Overall Net worth of CAD 250,000 and above (includes spouse’s net worth)
- Must have 3-4 years of experience as Business Owner or Senior Manager
- Language proficiency requirements: CLB 4 -5 in English or French
- We help you spotting the right opportunity and facilitate establishing a new business, buy an existing business or franchise or buy shareholdings of a company
- Help with market research, make local business contacts and arrange exploratory visit if required
- Assist with pitch creation, business plan development and getting referral from community (if required)
- Preparing and processing EOI, PnP entrepreneur applications, work permit and PR application
- Incorporate, acquire or setup your business by taking care of corporate formation and taking care of legal and financial aspects as required
- Help you understand and comply with employment, licensing and other regulatory requirements & laws in Canada
- Help you move your key employees to Canada or hire foreign workers if required
FAQs on Entrepreneur Stream Canada
The Provincial Entrepreneur Programs allow foreign nationals to set up their business in Canada. This program is specifically designed for entrepreneurs with a certain experience and skill set that is required by that particular Canadian province. Each province has its own requirements and preferred industries and has two step process in place. Candidates will be granted 24 months of work permit transitioning to Nomination by the province for permanent residence.
The investment varies from province to province as each province has its own criteria. But it normally ranges between 200,000 CAD to 800,000 CAD depending on where you are planning to settle and the type of business you are intending to do in Canada.
Each province has their own preferred industries and criteria to meet and welcome entrepreneurs from various backgrounds and skill sets. They promote innovation and unique business ideas which have bright chances of success and improving life of Canadians.
Yes there are language requirements for entrepreneur stream. Most streams require CLB 5 in each category but higher the better as most streams are point based and candidate get additional points for their language abilities.
Yes you can come to explore business opportunities in Canada and to determine the viability of your project. But once you are ready to launch your business, you will have to get a work permit in order to work in Canada.
Each province has its own processing time but it normally takes between 6-9 months to receive your work permit and start working for your business.
Yes, business plan is of vital importance for entrepreneur stream and good business plan can maximize your chances of success of getting work permit and the success of your business in Canada.
Start-up Visa program is a federal program run and monitored by federal government. It has different requirements than entrepreneur program and is targeted towards innovative and scalable businesses. Entrepreneur programs are provincial programs and have requirements specific to respective province. There are many differences between two programs in terms of eligibility, requirements and transition.
Take Your First Step Towards Canada, Get In Touch with Us
Contact Us or Book A Consultation to work with an immigration consultant today!
