Manitoba Business Investor Stream: Canada PR by Investment

Surya Rathee
[Published 13 Oct, 2023 | 11:19 AM]
About Author - 7 min read
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Are you an aspiring entrepreneur looking to make your mark in Canada? Manitoba, one of Canada's most economically vibrant provinces, maybe the perfect destination for you. The Manitoba Provincial Nominee Program (MPNP) offers exciting pathways for individuals with innovative business ideas and a desire to contribute to the province's economic growth.

One such pathway for entrepreneurs (such as yourself) is Manitoba’s Business Investor Stream.

The Business Investor Stream or BIS allows Manitoba to recruit and nominate foreign entrepreneurs and business enthusiasts eager to establish or acquire businesses within Manitoba. The BIS consists of two distinctive sub-streams:

• Entrepreneur Pathway (EP): For applicants seeking to open a business in Manitoba; and
• Farm Investor Pathway (FIP): For applicants intending to establish and operate a farm operation in rural Manitoba.

Manitoba Business Investor Stream Pathways

1. Entrepreneur Pathway

The Manitoba Entrepreneur Pathway (EP) allows Manitoba to recruit and nominate qualified business people from around the world who have the intent and ability to move to Manitoba and establish, purchase a business, or become partners in an existing business after arrival in Canada on a temporary work permit.

Who is Eligible?

Age

• No minimum or maximum age.

Language Proficiency

• Minimum level of CLB/NCLC 5.
  

Education Level

• Minimum education level of Canadian high school equivalency.
  

Business Experience

• Minimum 3 years of full-time work experience in the past 5 years either as an active business owner or working in a senior management role of a successful business.
• Business owners must have at least 33 1/3% ownership to qualify for points.

Business Investment

• Minimum investment of $250,000 CAD for businesses situated in the Winnipeg Metropolitan Region.
• Minimum investment of $150,000 CAD for businesses situated outside of the Winnipeg Metropolitan Region.

Net Worth

• Minimum net worth of $500,000 CAD.
  

How to Apply?

The Manitoba Provincial Nominee Program (MPNP) has launched a paper-based interim process for applying to the Business Investor Stream Entrepreneur Pathway.

STEP 1: Assess your eligibility and conduct business research. You may be eligible for more than one stream. The self-assessment will help you determine your score under the Entrepreneur pathway.

STEP 2: Submit your Expression of Interest (EOI) to the MPNP. You will need to submit certain documents along with your application including the Business Concept Form, Self-Assessment Form, and MPNP Code of Conduct. MPNP will issue either a Letter of Advice to Apply (LAA) if the EOI meets the Program's requirements or a feedback letter if the EOI is unsatisfactory.

STEP 3: Receive an LAA and submit your complete application. You will also be required to pay a processing fee by wire transfer in the amount of $2,500.00 CAD when submitting an application to the MPNP.

STEP 4: The MPNP will now assess your application. A complete application will be assigned to a Business Immigration Officer (BIO) for full assessment. The assessment of the application is based on the established eligibility criteria of the MPNP. After an application is approved, a Business Performance Agreement (BPA) must be signed prior to the MPNP issuing you a work permit support letter.

STEP 5: Establish your business in Manitoba and fulfill the BPA.

2. Farm Investor Pathway

The Manitoba Farm Investor Pathway (FIP) is for individuals with proven farm business experience, sufficient available capital to invest, and who intend to establish and operate a farm operation in rural Manitoba.

Who is Eligible?

Age

• No minimum or maximum age.

Language Proficiency

• Basic language capabilities in either of Canada's two official languages English or French.
  

Business Experience

• Minimum 3 years of farm ownership and operation experience, supported by verifiable documents.
  

Business Investment

• Minimum investment of $300,000 CAD. You are expected to establish a farming business in rural Manitoba.
  

Net Worth

• Minimum net worth of $500,000 CAD.
  

How to Apply?

The Manitoba Provincial Nominee Program (MPNP) has launched a paper-based interim process for applying to the Business Investor Stream Farm Investor Pathway (FIP).

STEP 1: Explore and research the Farm business in Manitoba. Check if you meet the minimum criteria of the Farm Investor Pathway.

STEP 2: Research your proposed farm business in Manitoba and explore the province. Complete the Interest Guidelines and Farm Business Concept forms.

STEP 3: Submit these forms to the MPNP. Once you have completed your farm business research and determined that you are eligible for the FIP, you can submit your Interest Guidelines and Farm Business Concept Forms by email to the MPNP.

STEP 4: Submit a full application to the MPNP and receive a Letter of Advice to Apply (LAA).

STEP 5: The MPNP will now assess your application. The assessment of the application is based on the established eligibility criteria of the MPNP. If you are approved for nomination, you will be instructed to sign a Deposit Agreement and send a deposit of CAD$75,000.

STEP 6: Once nominated, you reach out to Immigration, Refugees and Citizenship Canada (IRCC) and apply for Canada PR. 

STEP 7: Establish your farm business in Manitoba.

Both Manitoba BIS pathways operate on an Expression of Interest (EOI) system whereby prospective applicants submit their intention to apply before they can apply to the program. Whether you are interested in applying as an Entrepreneur or Farm Investor, the submission of an EOI is preceded by a research visit to the province.

Ready?

At Nationwide Visas, we take pride in ensuring a smooth Canadian business immigration process. Our experienced Canada Business Visa Consultants are dedicated to guiding you through every step, providing expert advice tailored to your unique circumstances. 

Your success is our #1 priority.

Start your process today!

Read More:- Top 6 Business Opportunities in Canada for Immigrants