The Alberta Immigrant Nominee Program (AINP) is launching two new immigration streams to encourage international graduates to open businesses in Alberta that will create new, well-paying jobs and help diversify the economy.
The immigration stream for international graduate entrepreneurs begins October 26. This new Provincial Nominee Program (PNP) is for international students who have recently graduated from post-secondary institutions in Alberta. The new immigration stream operates on an expression of interest system, which is now open for submissions.
Candidates who submit an expression of interest will be evaluated by the AINP and awarded points. The top-ranked applicants will receive an invitation to submit a business application. Candidates who receive an invitation to apply for nomination will be able to access the AINP portal and start the process. Receiving an application does not guarantee that applicants will obtain permanent residence in Canada.
Alberta will also launch the Visa component for young international graduates in January 2021. This component is aimed at international students graduating from top American universities and colleges who wish to start a business and settle in Alberta communities. More details on this feed will be available later this year.
Eligibility criteria of the new program
International students graduating from universities and colleges in Alberta must meet the following eligibility criteria to be considered for the Graduate International Entrepreneur Immigration Stream.
They have to immigrate to Alberta to start a new business or buy an existing business and own at least 34% of the company. The proposed business type must not appear on the Alberta Ineligible Business List.
Applicants need at least six months of full-time work experience, which can be a combination of active management or business ownership, according to the AINP webpage. This could also include equivalent experience in a business incubator, business accelerator, or entrepreneurship program courses.
A minimum of two years of full-time study in Alberta is required, with a degree or diploma from a designated post-secondary institution in Alberta. They must also have a post-graduation work permit valid for at least two years at the time of submitting their expression of interest.
Eligible applicants must also have at least a Canadian Language Proficiency Level (CLB) of at least seven in all skills in English or French.
Several factors increase the chances of applicants receiving an application.
The company is expected to have an economic advantage for Alberta through job creation, investment, and the development of intellectual property, among others. Applicants between the ages of 21 and 49 also have an advantage.
If the candidate or their spouse or common-law partner has an immediate family living full time in Alberta, this will also increase their chances.
Candidate’s nomination contributes to spouses or common-law partners if they have at least one year of full-time work experience in Alberta or at least two years of full-time study at an Alberta post-secondary institution. If they do not have experience in Alberta, it will also help their application if they have a CLB of at least five in English or French in all languages.
Reference is taken from CIC News
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