Summary
- Work permit for min. 12 months before Permanent Residency nomination;
- Can buy an existing business or set up a new business;
- Mandatory Interview.
Minimum Eligibility Criteria
- Mandatory IELTS;
- Max age limit is 59;
- Minimum CAD$600,000 net worth of all assets between husband and wife;
- Minimum investment CAD$150,000;
- 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.
Advantages
- Low competition for selection;
- No third party verification on assets in the home country;
- No education requirements;
- Low cost of living;
- Permanent Residency nomination after 12 months.
Disadvantages
- IELTS/TEF mandatory;
- Exploration trip mandatory;
- Very small city/region.
