Provincial Nominee Programs
Overview, Business Stream
British Columbia
There are three streams - ‘business skills’, ‘regional business’ and 'projects'. The investment amounts range from $300,000 CDN to $2 million CDN for the 'business skills' and ‘regional business’ streams. The 'project' stream assists foreign companies with the timely entry of skilled, key managers and key technical professionals.
Alberta
The Alberta Provincial Nominee Program considers skilled workers - in occupational levels O, A or B as defined by the National Occupational Classification Code (NOC) as corporate management, professionals and trades with post-secondary education and certification.
Saskatchewan
A business nominee will be an individual who has proven experience in managing a business, has significant funds for establishing a new business or partnership in an existing Saskatchewan business, completes a business plan demonstrating that the business will create jobs in Saskatchewan, undertakes at least one trip to Saskatchewan to meet with industry associations, regional economic development authorities, businesses, and other organizations as appropriate, and provides a full disclosure of business assets and debt.
Manitoba
The Manitoba Provincial Nominee Program is the largest in Canada, accounting for approximately 75% of provincial nominee arrivals in Canada. Minimum investment amount is $150,000 CDN. A cash deposit to the Government of Manitoba, in the amount of $75,000 CDN guaranteeing the establishment or purchase of a business in Manitoba is required. The cash deposit will be released when the investment is made. Net worth requirement - $250,000 CDN.
Ontario The Business Nominee Program has been developed, announced and expected to be rolled out in May 2007.
Quebec
The Canada-Quebec Accord on immigration allows for Quebec to administer its own immigrant selection process. The investor program has attracted over $4 billion CDN in subscriptions.
New Brunswick
The province identifies priority sectors in which investments are desired. There are no pre-defined investment, or net worth requirements.
Nova Scotia
Program differs from all others - experienced managers with basic literacy skills in English or French will place $130,000 CDN into a Province of Nova Scotia approved business and enter into an employment contract with that business. Applicant will enter into a six-month, middle-management employment contract with approved business; applicant will receive a salary of $20,000 CDN for this six-month period. No obligations thereafter.
Prince Edward Island
Two streams: Immigrant entrepreneurs must have a minimum net worth of $400,00 CDN. The applicant must prepare a business plan that demonstrates a capacity to establish a successful business in the Prince Edward Island business environment. He/she must pay a $100,000 CND deposit which is held in escrow and returned to the Nominee after one year’s residency and undertaking of the required investment. Also, a payment of $25,000 CDN is requested as a good faith deposit that is returned after the Nominee has resided for one year in PEI. The applicant has to place $20,000 CDN in escrow with the Government of PEI should the Nominee’s capacity in English or French be insufficient to be interviewed in that language. This language deposit will be returned if the Nominee demonstrates moderate language skills, in English or French, after arrival in PEI. The Immigrant Partner element of the Nominee Program is intended for prospective immigrants who propose to make an investment in a PEI company and to take an active role as director or senior manager in the company.
Newfoundland and Labrador
Two streams: Immigrant entrepreneurs must have a minimum net worth of $450,000 CDN, including minimum liquid assets of $350,000 CDN. Applicant must be prepared to make a minimum business investment of $200,000 CDN. Must establish a new enterprise or purchase all or part of an eligible existing business in Newfoundland and Labrador and must place $100,000 in escrow with the Government of Newfoundland as a good faith deposit. The Immigrant Partner category is intended for prospective immigrants with business and/or entrepreneurial skills and expertise who wish to partner, in a limited manner, with other prospective immigrants (to a maximum of 3 additional immigrant partners) in establishing a new business to be located in Newfoundland and Labrador OR invest in an expanding existing Newfoundland and Labrador company.
Yukon
The applicant must have a personal net worth of at least $250,000 CDN. The minimum equity investment required is $150,000 CDN.
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