PNP Entrepreneur Visa

PNP Entrepreneur Visa

Canada’s provinces and territories have PR programs, called Provincial Nominee Programs (PNPs). Some PNPs are aimed at entrepreneurs. Each PNP has its own unique set of requirements. If someone is granted a PNP nomination, it can be used to obtain a work permit to work in Canada, and eventually PR status if the conditions of the program are met.

To use a specific entrepreneur PNP, the applicant must intend to reside in that province and must operate a qualifying business in that province. A detailed business plan is usually required.

While each PNP entrepreneur program has its own set of eligibility requirements, generally each program requires the following:

  • The applicant must have prior qualifying business experience
  • The applicant must have at least a minimum net worth, legally obtained, which will need to be verified by an independent accounting firm designated by the province
  • The applicant must invest a substantial minimum amount in a qualifying business in the province and/or must own a prescribed percentage of the qualifying business
  • The qualifying business in Canada must meet PNP eligibility requirements, as some types of businesses are prohibited
  • The applicant must reside in the province and must actively manage the day-to-day operations of the qualifying business in the province
  • The qualifying business in the province must create employment for Canadians or Canadian permanent residents
  • A performance agreement is usually required, and a nomination will be conditional on the applicant proving that the PNP requirements have been met
  • PNPs may have other requirements such as requiring an exploratory trip to the province, proof of language ability and/or maximum age limitations.

The requirements of the entrepreneur PNP must be carefully assessed before applying for a PNP.

Click below to learn more about the available PNP-specific programs for investors and entrepreneurs!

Alberta Provincial Nominee Program (AINP)

Farming Skills 1

You must be able to prove that you have farm management skills through:

  • Financial documentation of your existing farm business
  • Documentation proving your work experience, training and education
  • A detailed business plan
  • Evidence showing that a Canadian financial institution will invest in your business plan

Requirements

  • Invest a minimum of $500,000 CAD in a primary production farming business in the province
  • You must provide a detailed business plan highlighting your investment plans. Business plans that are believed to have the best chance to grow Alberta’ agri-food targets’ will be considered first

British Columbia Entrepreneur Immigration

Personal Requirements

  • Have a minimum net worth of $600,000 CAD
  • Show your business or management experience
  • Meet the legal requirements for immigration to Canada

Business Requirements

  • Start a new qualifying business or purchase and improve a business that already exists
  • Invest a minimum of $200,000 CAD in the business
  • Start a business that creates at least one full-time job for a permanent resident or citizen of Canada

Requirements

You must start a new business and settle in a regional community with a population of fewer than 75,000 people

You must complete an exploratory visit to the community

You need to make a minimum investment of $100,000 CAD in a qualifying business

You must have a personal net worth of at least $300,000 CAD

You must own at least 51% of the company

Your business must create at least one new job

Manitoba Provincial Nominee Program (MPNP)

Business Experience

  • You must have three years of full-time work experience in the last five years as an active business owner or senior manager of a successful business
  • You must own at least a third of the business to qualify for points as a business owner

Language Requirements

You must score at least level 5 on the Canadian Language Benchmark test

Education Requirements

You must have completed high school

Business Investment

  • If your business is located in the Manitoba Capital Region, you need to invest at least $250,000
  • If your business is located outside of the Manitoba Capital Region, you need to invest at least $150,000
  • Your investment must be made in a qualifying Manitoban business
  • Your business must create at least one job for permanent residents or citizens of Canada

Business Requirements

You must hold your business research visit no longer than one year before you submit your application

Net Worth Requirement

You must have a net worth of at least $500,000 CAD

Farming Experience

You must have at least three years of farm ownership and operation experience

Language Requirements

You need to be proficient in either French or English

Investment Requirements

  • Your farm business must be established in rural Manitoba
  • You must invest at least $300,000 CAD in the farm business
  • Your investments must be in tangible assets
  • You must accompany your application with a farm business plan

Farmer Research Visit

You must conduct a farm business research visit in the province

Farm Business Activities

  • Your farm business must have ongoing and recurring activities in rural Manitoba
  • You must live on the farm and be an active participant in the management of the farm
  • The Farm business must be in primary agriculture production
  • You must conduct value-added farm business activities in the province

Economic Adaptability

You must show that your practical farming skills, technical knowledge and experience in technological farming practices can adapt to Manitoba’s primary farm production industry

Net Worth

You must have a minimum net worth of at least $500,000

New Brunswick Provincial Nominee Program (NBPNP)

Requirements

Your business must have a real eligible connection to the province

You must be between 22 and 55 years old

You must have reached Canadian Language Benchmark level 5 or higher in all four categories of the test in either French or English

You must have finished at least two years of tertiary education after completing high school

Your personal net worth must be verified, and it should be a minimum of $600,000 CAD

During the past 5 years you must have at least 3 years of work experience in managing and owning at least 33.3% of a business or you must have 5 consecutive years of work experience in a senior business management role

You need to have the intention of living in the province permanently while owning and managing your local business

You must be able to make a minimum investment of at least $250,000 CAD in starting your business

Newfoundland & Labrador Provincial Nominee Program (NLPNP)

Personal Requirements

  • be between 21 and 59 years old
  • submit a verified business plan
  • have completed high school
  • intend to live in the province permanently while owning and managing a local business with the potential of bringing economic benefit to the local communities
  • participate in the active and ongoing management of the business
  • have a personal net worth of $600,000 CAD
  • be able to invest a minimum of $200,000 CAD in establishing your business that you earn at least a third of
  • create at least one job for a permanent resident or citizen of Canada
  • show your business is for profit with the primary purpose of making a profit through providing services or selling goods
  • have a minimum of two years’ experience in managing and owning a business during the past five years or five years of experience in a senior management role during the past five years
  • have at least level five in all four categories of the Canadian Language Benchmark Test in either French or English
  • complete an Expression of Interest (EOI)
  • receive an Invitation to Apply (ITA) from Newfoundland and Labrador immigration

Business Requirements

  • meet legal standards
  • be seen as a permanent establishment as defined by the Canadian Income Tax Regulations
  • be able to bring economic growth to the province

When Starting A Business

  • be in addition to your own position
  • be directly related to the business
  • be in line with the wage standards of the community

When Buying A Business

  • buy a business that has been in continuous operation by the same owner for the past five years
  • complete an exploratory visit to meet the current owners of the business
  • buy a business that is in active operation
  • offer similar employment conditions to the existing staff
  • show that effort was made to provide a fair market value for the business

Partnership Requirements

  • invest a minimum of $200,000 CAD in the partnership and own at least one-third of the company
  • invest a minimum of $1,000,000 CAD

Personal Requirements

  • be at least 21
  • submit a verified business plan
  • have earned a tertiary qualification after two years of studying at Memorial University or College of the North Atlantic
  • have a valid post-graduation work permit
  • intend to live in the province permanently while owning and managing a local business with the potential of bringing economic benefit to the local communities
  • have at least one year’s experience in actively managing and owning the current business (at least one-third of the business)
  • create at least one job for a permanent resident or citizen of Canada
  • show your business is for profit with the primary purpose of making a profit through providing services or selling goods
  • have at least level seven in all four categories of the Canadian Language Benchmark Test in either French or English
  • complete an Expression of Interest (EOI)
  • receive an Invitation to Apply (ITA) from Newfoundland and Labrador immigration

Business Requirements

  • be created as a career objective, not for the sole purpose of immigration
  • meet legal standards
  • be seen as a permanent establishment as defined by the Canadian Income Tax Regulations
  • be able to bring economic growth to the province

When Starting A Business

  • be in addition to your own position
  • be directly related to the business
  • be in line with the wage standards of the community

When Buying a Business

  • buy a business that has been in continuous operation by the same owner for the past five years
  • complete an exploratory visit to meet the current owners of the business
  • buy a business that is in active operation
  • offer similar employment conditions to the existing staff
  • show that effort was made to provide a fair market value for the business

Northwest Territories Provincial Nominee Program (NTNP)

Investment Requirements

  • at least $300,000 CAD in buying or starting a business within the corporate boundaries of Yellowknife
  • at least $150,000 CAD in buying or starting a business outside of the corporate boundaries of Yellowknife

Net Worth Requirements

  • $500,000 minimum to start or buy a business within the corporate boundaries of Yellowknife
  • $250,000 minimum to start or buy a business outside of the corporate boundaries of Yellowknife
  • $75,000 for a deposit of good faith to the Department of Industry, Tourism and Investment once your application has been accepted

Personal Requirements

  • own at least one-third of the business or if you own less than that, you must have invested at least $1,000,000 CAD in the business
  • have Canadian Language Benchmark level 5 in either English or French
  • have demonstrable knowledge and understanding of the territory’s economy to ensure that your business brings growth to the region
  • be able to complete at least one business trip to the territory to research its business environment
  • have the experience and qualifications to successfully implement your business plan
  • have the intention to settle in the Northwest Territories full-time

Nova Scotia Provincial Nominee Program (NSPNP)

International Graduate

Requirements

You need to be at least 21 years old

You must have the intention to live in the province permanently while actively managing and owning your business

Your personal net worth must be $600,000 CAD minimum

You need to be able to make a $150,000 CAD investment in your intended business

You must have a minimum of three years of experience in managing and owning at least one-third of a business or you must have at least five years of experience in a senior management position

You must have reached Canadian Language Benchmark level 5 or higher in all four categories of the test in either French or English

You need to complete your online Expression of Interest in the province

You must receive an Invitation to Apply from Nova Scotia Immigration

Requirements

  • You must have the intention to live in the province permanently while actively managing and owning your business
  • You must have managed and owned 100% of a business in the province for a minimum of one year
  • You must have completed a full-time tertiary degree or diploma of two years length at a recognized university or community college in Nova Scotia
  • You must have reached Canadian Language Benchmark level 7 or higher in all four categories of the test in either French or English
  • You need to have a valid post-graduation work permit
  • You need to complete your online Expression of Interest in the province
  • You must receive an Invitation to Apply from Nova Scotia Immigration

Ontario Provincial Nominee Program (OINP)

Business Applicant Requirements

  • have been established at least three years before the application is submitted
  • be of a qualifying structure (public corporation, sole proprietorship or partnership)
  • invest at least $5 million CAD in expanding into Ontario or buy a business that already exists in the province

Job Creation Requirements

The business must create 5 full-time positions for permanent residents or citizens of Canada per key staff position. The positions must:

  • be permanent, full-time positions
  • be paid above or at the average wage level for the type of work

Business Requirements

  • be clearly linked to the parent company as a subsidiary, branch or affiliate
  • be a for-profit business through the sale of goods and services
  • have a primary income source from active, earned income
  • meet the legal standards and regulations of the area
  • be considered as a permanent business in the province

Key Staff Requirements

Your business may request a maximum of five key staff members to start the business and these staff members may be considered for Canadian permanent residence if they meet the requirements. The key staff must:

  • play an essential role in starting the business
  • all be in a senior, executive, management or specialized knowledge position in your company
  • have a minimum of three years of experience in the intended occupation in your company within the last five years
  • have been working in that position continuously for a year immediately before you submitted your application
  • not have a family connection with anyone who has more than 10% equity in the company
  • not hold any equity in your company unless it is less than 10% and part of the remuneration package of their employment contract
  • have full-time, permanent jobs that follow the wage standard of Ontario

Experience

  • You must have 3 years of business experience within the last 5 years
  • Your business experience must be as a senior manager or business owner with an active role in the business

Net Worth

  • in the Greater Toronto Area, you must have a net worth of at least $1,500,000 CAD
  • anywhere else in Ontario, you must have a net worth of at least $800,000 CAD
  • in the information and communications sector, you must have a net worth of at least $800,000 CAD regardless of its location

Investment Requirements

  • in the Greater Toronto Area, you must control at least a third of the company and you need to invest a minimum of $1,000,000 CAD in it;
  • anywhere else in Ontario, you must control at least a third of the company and you need to invest a minimum of $500,000 CAD in it; or
  • the information and communications sector, you must control at least a third of the company and you need to invest a minimum of $500,000 CAD in it regardless of its location

Involvement

You must be actively involved in the daily management of the business

Business Requirements

  • be a for-profit business that generates income through the sale of goods and services
  • meet all the legal requirements of Canada and Ontario
  • be a permanent business
  • be located in the province at all times; and
  • create a minimum of two permanent full-time jobs for permanent residents or citizens of Canada within its first 20 months and they must be paid according to wage standards of Ontario

Additional Requirements When Buying An Existing Business

  • make a business visit to the province within a year of submitting your expression of interest
  • buy a business that has been owned by the same owner(s) for the past five years
  • ensure that the business is completely transferred to you or any other business partner
  • use some of your personal investment in improving and expanding your business in the province
  • continue to employ all the employees who worked in the business before you bought it

Prince Edward Island Provincial Nominee Program (PEI PNP)

Requirements

You must have a net worth of at least $600,000 CAD

You must have graduated from high school or some other secondary school equivalent

You must be between 21 and 59 years old

You must be able to transfer your management skills, past employment or business ownership experience to your new business in Prince Edward Island

You must have at least Canadian Language Benchmark level 4 in either English or French

You must have the intention to live and work in the province permanently

You must play an active role in the daily activities and ongoing management of the business

Saskatchewan Provincial Nominee Program (SINP)

Minimum Entry Criteria

  • have a minimum net worth of $500,000 CAD
  • have at least three years of business management or entrepreneurial experience gained within the past 10 years
  • have the intention to invest at least $300,000 CAD if your business is located in Regina or Saskatoon. If it is located anyhwere else, you only need to make a $200,000 investment

Business Establishment Plan Requirements

  • your plan to start a business in Saskatchewan
  • your ownership of minimum one-third of the business unless you invest at least $1,000,000 CAD in the business
  • your commitment to play an active and ongoing role in the daily management of the business

the creation of two jobs for permanent residents or citizens of Canada in Saskatchewan if your new business is in Regina or Saskatoon

Requirements

You must have a personal net worth of $500,000 CAD or more

You must sign a performance agreement showing your commitment to buying and actively operating a farm in Saskatchewan

You must complete an exploratory visit to the province for at least five working days

You need to be able to prove that you have farm operation knowledge and experience

You need to have a proposal for a commercial farming opportunity

Requirements

  • You must have a personal net worth of $300,000 CAD or more
  • You must be younger than 40
  • You must have a minimum of three years of experience in farm ownership, farm management or practical farming experience
  • You must submit a proposal for a commercial farming opportunity in Saskatchewan
  • You or your spouse must be employable so that you can supplement your farming income

Yukon Provincial Nominee Program (YNP)

Personal Requirements

  • score at least 65 on the points assessment grid
  • have graduated from high school
  • have three years of experience as an entrepreneur or business manager
  • have five years of relevant work experience
  • not be a refugee
  • no pending applications for any other provincial or territorial nominee program
  • you must have a minimum net worth of $500,000 CAD, at least $300,000 needs to be in liquid assets
  • have the intention to permanently settle in Yukon
  • hold a position in your company that is listed under National Occupational level 0 or A
  • be able to show that you can make a minimum $300,000 investment in capital

Business Requirements

  • be new or purchased from previous owners
  • be managed by you
  • not be a passive investment
  • be part of one of the following sectors:
    • information technology
    • manufacturing;
    • value-added processing
    • forestry
    • tourism products, attractions, services and facilities
    • energy
    • mining or mineral development
    • agriculture
    • cultural industries
    • film and video production

LIVE IN CANADA

    Thinking about Canadian Immigration

    Talk to the immigration experts

    Latest Blog

    working-in-canada-without-a-work-permit-understanding-exceptions

    Working in Canada Without a Work Permit: Understanding the Exceptions

    May 20, 2024

    Foreign workers are typically required to obtain a Canadian work permit to secure employment in the country. However, there are exceptions to this rule, allowing certain individuals to work in...

    Continue reading

    Start your Canadian Journey here

    Reasons to Immigrate to Canada

      Check your eligibility

      error: Content is protected !!