Summary
- Work permit for min 6 months before Permanent Residency nomination;
- Can buy an existing business or set up a new business;
- Exploration trip mandatory;
- Interview mandatory.
Minimum Eligibility Criteria
- IELTS mandatory CLB 5;
- Minimum CAD$500,000 net worth of all assets between husband and wife;
- Minimum investment CAD$250,000 (*$150,000 for smaller rural towns);
- Minimum 33% ownership of a new or existing business in Canada;
- Minimum hire 1 Canadian in the new business;
- Operate and manage the company in Canada. Requires at least 80% presence in Canada;
- All assets in the home country to be verified by the third party audit company.
Advantages
- Short time required to run a business before the nomination;
- No age limit;
- No education requirements.
Disadvantages
- Very cold living conditions;
- Exploration trip mandatory;
- Not easy to sell the business after Permanent Residency to move out of the province.
