The Business investor stream aims to encourage individuals to start their businesses in the province of Manitoba and generate employment for the citizens and the permanent residents to contribute to the economy of the province.
The program allows the province to recruit people with skills and experience in starting up, buying and managing businesses. Along with the will and ability to move to and settle in the province of Manitoba for themselves and their dependents.
The individuals must meet the following requirements:
- A minimum of three years of full-time business ownership or management experience was achieved within the last five years. The business owners with control over a third of the equity of the business are preferred over the business managers.
- The score must be at least a CLB/NCLC 5.
- The education should be equivalent to the high school certificate of Canada.
- With no specific age limit, there are ranking days awarded for the age range of 25-49.
- The minimum capital requirement for the Capital Region in Manitoba is C$250,000 and for any other region, it is C$150,000.
- The business investment shall be made in a business that qualifies for the Manitoba Provincial Nominee Program (MPNP).
- The new business should be able to generate and/or maintain at least one job for a Canadian citizen or permanent resident of the province.
- A business plan is required to be submitted as a part of the application which is based on extensive research conducted in a business research visit paid within a year of your showing expression of interest in the program.
- Extra points are awarded to the applicants who demonstrate the ease of relocating to the province in terms of employment history in the province, moving to the province with the family, and their ability to speak either French or English or both languages.
- The required personal net worth is of C$500,000.
Once the application gets approved, the applicant signs a Business Performance Agreement (BPA) for MPNP to issue a letter of support for them, allowing them to apply for the work permit.