Entrepreneur Programs (Provincial)
This program is for mid-range net worth business persons who have enough experience and may be eligible to apply for provincial Entrepreneur programs.
Each province in Canada has its own entrepreneur programs and these programs also led to the path of permanent residence. An applicant has to show their expression of interest and wait for the invitation to submit their application. The further selected candidates submit their complete application which is to be given to the province’s immigration authorities. Generally, the approved candidates are required to sign a Performance agreement and apply for a work permit and also enter Canada as a worker. If your performance agreement requirements are met in the designated period, candidates will receive their provincial nomination. Based on the criteria of their selection and nomination, they can also apply for Immigration Refugees and Citizenship Canada (IRCC) for permanent residence.
Active participation of the applicant is required in the management of a business. The requirements for qualifying vary from program to program. But generally, in most of the cases, their minimum net worth is in the range of $500,000 CAD to $600,000 CAD.
Some programs also require a good amount to be deposited which is refundable once the business is established properly. The applicant must apply to be nominated by the province under a provincial nominee program, based on which applicant will get further permanent residence after federal health and criminality check.