Having province-specific entrepreneur immigration streams allows Canada’s provinces to have more control over the kinds of businesses coming to the area, and means there are more options for interested immigrants. Depending on factors such as investment requirements, connections to a province and education, an applicant has room to choose the best entrepreneur stream suited to them. While each stream is different, there are some common links in the application process for each.
Generally, PNPs and other provincial entrepreneur streams require applicants to have recent work experience as a business owner or manager, and must invest a certain amount of their own funds into the business. Applicants can expect that the entrepreneur category they are interested in will have base requirements for education, language proficiency and work experience. Particularly important for entrepreneur streams, most will require that the applicant has a personal net worth of several hundred thousand dollars and is able to invest a significant amount of capital into their business.
Some of the most popular provincial options for entrepreneurs include the Ontario Entrepreneur Stream, the Saskatchewan Entrepreneur Stream and the Quebec Entrepreneur Program. Each of these streams does not require a previous connection the province.
While there are many provincial options for entrepreneurs seeking Canadian permanent residence, interested candidates can also apply federally with the Start-Up visa. Applying for the Start-Up visa requires applicants get the support of one or more designated organizations. A Canadian designated organization must agree to invest a minimum of $200,000 meaning that unlike many provincial entrepreneur categories, starting a business with this visa does not require you to invest any of your own funds.
To stay up to date with changes happening in Canada’s Entrepreneur streams, follow along with our PNP Updates Tracker!
If you are wondering if you qualify for Canadian immigration, we have a simple solution. Complete our free immigration assessment and a member of the Canadim Team will review your eligibility and contact you to discuss your immigration options!
The Canadim Team!
If you are planning on putting forward an application for a Canadian study permit, you will be required to submit a letter of intent to […]
International Students | Living in Canada | Uncategorized
Canada has seen year-over-year growth in international student enrollment for the past two decades. An increase in Canadian study visa applications has meant greater rates […]
The United States has long been among the top most sought-after destinations for international students. However, enrollment in the USA has dropped more than ten […]
International Students | Living in Canada
Every year, more international students are choosing Canada as their destination to continue their studies. As an international student in Canada, there are several factors […]
Newcomers to Canada
With eighteen years of immigration experience, Canadim has helped thousands of clients start their lives in Canada. The immigration process can be daunting, many find […]
International Students | Study-2-Immigrate
Canada has realized the growing need for international students to help meet labour market needs and boost economic demands, especially with the country’s current aging […]