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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.
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