For this program, you are required to:
- live in the farm and participate actively in managing it on a regular basis.
- The farm requires to be active and economically viable in its primary agriculture production with regular and recurring business activities in rural Manitoba.
- The applicant needs to have skills and experience in farming which is in line with Manitoba’s current primary farm production industry.
- The required personal net worth is of C$500,000
With a business activity that can contribute to the economy of Ontario province, the applicants can opt for the Ontario Corporate stream. This program does not only allow the applicants to apply for residence permit but it also allows their key staff to apply work permit once their business proposal gets approval from the OINP.
Here are the different categories of the eligibility requirements for the individuals to consider this program:
Corporation
The applicants should ensure to have established their business at least 36 months before submitting the application.
The corporate structures that can be considered for this program, are:
– Public corporations;
– Partnerships; and
– Sole proprietorship
– Partnerships; and
– Sole proprietorship
Investment
– The minimum investment of C$5M is required for your business expansion in Ontario or buying an existing business in the province;
– The investment needs to come from legally earned funds; and
– The investment must be significantly beneficial for economy of the province.
– The investment needs to come from legally earned funds; and
– The investment must be significantly beneficial for economy of the province.
Employment Creation
– Against every key staff applicant, the business needs to generate five permanent and full-time employment opportunities for the permanent residents or citizens of Canada
– The employments must be paid ones with the rates compliant with industry standards.
– The employments must be paid ones with the rates compliant with industry standards.
General
Additionally, there are some general requirements the applicants’ businesses need to fulfil:
– The business to be started in Ontario should be directly linked with its parent company.
– The new business needs to be considered as a permanent business in the province.
– The new business should intend to profit from selling goods or rendering services.
– The primary income for the business needs to be its active and earned income.
– The business should comply with the relevant Ontario labour laws, Canadian legal practices, authorization and licensing.
– Any existing business the applicants intent to buy must be incorporated in the province.
– The immigration schemes or immigration-linked schemes can not qualify for the proposed business idea. The applicants must submit a business plan.
– The third party investors must be either institutional investors, or Schedule I or Schedule II banks.
– The immigration schemes or immigration-linked schemes can not qualify for the proposed business idea. The applicants must submit a business plan.
– The third party investors must be either institutional investors, or Schedule I or Schedule II banks.
The Federal Immigrant Investor Program is no longer operational as it has ended as on June 19, 2014 with the applications in the backlog also terminated.
However, should any applicant be interested in starting up a business or buying an existing business in Canada, there are different immigration programs available including the Federal Start-up Visa Program and some Provincial Nominee Programs.
If you are looking to move to Canada as an investor, our professional immigration consultants will make sure you find the right program and your visa documentation is well in place before its timely submission.
Here is the selection grid against which the investors and entrepreneurs are assessed for candidature, in which the pass marks for them are only 35.
| BUSINESS EXPERIENCE (*Business Experience: within five years preceding the date of application) | Maximum 35 |
| Two years business experience | 20 |
| Three years business experience | 25 |
| Four years business experience | 30 |
| Five years business experience | 35 |
| AGE | Maximum 10 |
| 21-49 years of age at time of application | 10 |
| Less 2 points for each year of age over 49 or under 21 years | |
| EDUCATION | Maximum 25 |
| Doctorate or Master’s Degrees | 25 |
| Bachelor’s Degree – 3 years full time studies OR Diploma, trade certificate or apprenticeship – 3 years full time studies / training | 20 |
| Diploma, trade certificate or apprenticeship – 2 years full time studies / training | 15 |
| Diploma, trade certificate or apprenticeship – 1 year full time studies / training | 10 |
| High School | 5 |
| 1st Language | Maximum 24 |
| High Proficiency | 16 |
| Moderate Proficiency | 8 |
| Basic Proficiency or no abilities | 2 |
| 2nd Language | |
| High Proficiency | 8 |
| Moderate Proficiency | 8 |
| Basic Proficiency or no abilities | 2 |
| ADAPTABILITY | Maximum 6 |
| Business exploration trip to Canada within 5 years of application | 6 |
| Participation in designated Joint Federal-Provincial Business Immigration Initiatives | 6 |
| Total Maximum | 100 |