Alberta Entrepreneur Immigration Programs: Canada PR by Investment

Alberta Entrepreneur Immigration Programs: Canada PR by Investment

Surya Rathee Surya Rathee
[Published 23 Sep, 2023 | 11:57 AM]
About Author - 6 min read
1870

Are you an aspiring entrepreneur looking to make your mark in Canada? Alberta, one of Canada's most economically vibrant provinces, maybe the perfect destination for you. The Alberta Entrepreneur Immigration Program offers exciting pathways for individuals with innovative business ideas and a desire to contribute to the province's economic growth. 

The Alberta Advantage Immigration Program (AAIP), formerly known as the Alberta Immigrant Nominee Program, consists of four distinctive streams for foreign entrepreneurs and business enthusiasts eager to establish or acquire businesses within Alberta.

Alberta Entrepreneur Immigration Program: Quick Eligibility

Alberta Entrepreneur Immigration Programs

 1. Alberta Rural Entrepreneur Stream

The Rural Entrepreneur Stream is designed for foreign entrepreneurs who want to start or buy businesses in specific rural Alberta communities - with populations of less than 100,000. The idea is to help these small communities grow their economy and create more jobs.

Program Eligibility and Requirements

  • Language Proficiency: CLB4 or Above in English or French.
  • Education: Completed high school (ECA required)
  • Experience: Minimum 3 years as a business owner, or 4 years in a senior management role.
  • Minimum Net Worth: $300,000 CAD
  • Minimum Investment: $100,000 CAD
  • Ownership: 51% or greater
  • Community Support Letter: Mandatory
  • Job Creation: Mandatory
 2. Alberta Graduate Entrepreneur Stream

The Graduate Entrepreneur Stream is for international students who have completed their studies at universities and colleges in Alberta and want to start or purchase a business in the province.

Program Eligibility and Requirements

  • Language Proficiency: CLB7 or Above in English or French.
  • Education: Completed a program lasting 2 or more years at an Alberta College or University. A degree or diploma is mandatory.
  • Experience: Minimum 3 years as a business owner, or 4 years in a senior management role.
  • Ownership: 34% or greater with Canadian citizens or permanent residents as partners.
  • Work Permit: PGWP Mandatory.
3. Alberta Foreign Graduate Entrepreneur Stream

The Foreign Graduate Entrepreneur Stream is for international graduates who want to launch start-up enterprises and innovative businesses in Alberta.

Program Eligibility and Requirements

  • Language Proficiency: CLB Level 5 or Above in English or French.
  • Education: Equivalent college or university degree obtained from outside Canada. (ECA required)
  • Experience: Minimum 6 months as a business owner or manager.
  • Minimum Investment: $100,000 CAD (Urban Center), $50,000 CAD (outside Calgary and Edmonton)
  • Ownership: 34% or higher (Urban Center), 51% (outside Calgary and Edmonton)
  • Pitch Deck: 10-minute slideshow presentation
  • Business Plan: Mandatory
  • Letter of Recommendation: Mandatory
  • Settlement Funds: Mandatory
4. Alberta Self-Employed Farmer Stream

The AAIP-Farm Stream is for foreign entrepreneurs with the resources and experience to launch purchase and operate a farm in Alberta.

Program Eligibility and Requirements

  • Minimum Net Worth: $500,000 CAD
  • Minimum Investment: $500,000 CAD
  • Farm Management Skills: Financial documents describing current farm business, farm-related experience training, and education.
  • Business Plan: Mandatory.
Check Your Eligibility In 60 Seconds

Alberta Entrepreneur Immigration Program Application Process

Depending on the stream, the application process for the Alberta Entrepreneur Immigration Programs generally involves the following steps:

STEP 1: Expression of Interest (EOI): The first step is to submit an EOI through the Alberta Express Entry Stream. EOIs are evaluated based on factors such as age, education, work experience, and business concept. If your EOI is selected, you will receive an invitation to submit a formal application.

STEP 2: Business Concept Package: If invited, you'll need to submit a detailed business concept package, including your business plan and other required documents.

STEP 3: In-Person Interview: You may be required to attend an in-person interview in Alberta to discuss your business proposal and your potential contribution to the province.

Alberta Entrepreneur Immigration Program Application Process

STEP 4: Nomination: If your application is approved, you will receive a nomination certificate from the Alberta government, which you can use to apply for Canada PR with the Canadian federal government.

STEP 5: Apply for Permanent Residence: After receiving your nomination, you can submit your application for permanent residence through the federal Canada Express Entry system.

Alberta Entrepreneur Immigration Programs Processing Time

The processing time for the Alberta Entrepreneur Immigration Program can vary depending on various factors, including the immigration stream, the volume of applications, and the completeness of your submission. Generally, you can expect the process to take 12-24 months.

TIP: To expedite your application, ensure that all required documents are complete and up to date. Be prepared for the in-person interview, as this step can significantly impact the overall processing time.

Watch Now! Alberta Business Immigration in 90 Days

The Alberta Entrepreneur Immigration Programs offer promising opportunities for entrepreneurs seeking to establish or invest in a business in one of Canada's most prosperous provinces. 

If you're considering this program, be sure to keep an eye on the latest updates regarding Alberta Entrepreneur Immigration Program requirements, eligibility criteria, and processing times to make your immigration journey as smooth as possible. Alberta welcomes innovative and dedicated entrepreneurs like you to contribute to its economic growth and build a prosperous future for yourself and your family in Alberta, Canada.

Start your process today!



Comments

We welcome your feedback

Your email address will not be published. Required fields are marked *

Enquire Now

Stay up to date with latest news

Website-Pop-UpExpress Entry Next Prediction Draw
Check Your Eligibility! chatbot icon
chatbot icon Check Your Eligibility In 60 Seconds!