The Manitoba Provincial Nominee Program for Business is specifically designed to attract experienced business owners and entrepreneurs who are willing to invest in and actively manage a business in Manitoba.
The eligibility criteria for the Manitoba Provincial Nominee Program for Business, as per LexLords Canada Immigration Lawyers, are as follows:
1. Business Experience: To be eligible, the candidate must have a minimum of three years of full-time work experience in the past five years either as an active business owner or working in a senior management role of a successful business.
2. Minimum Net Worth: The candidate must have a minimum verifiable personal net worth of CAD$500,000. This net worth must have been legally obtained.
3. Business Investment: The candidate should be ready and able to make a minimum business investment in Manitoba of CAD$150,000.
4. Business Research Visit: The candidate must undertake a Business Research Visit to Manitoba. This is mandatory as it helps the candidate understand the provincial economy and business environment better.
5. Adaptability: The candidate and their spouse or common-law partner, if applicable, must score at least 60 points in the Adaptability Assessment Matrix.
6. Business Intentions: The candidate must submit a business plan that provides credible business intentions and that is plausible within the Manitoba context.
7. Good Faith Deposit: The candidate is required to make a CAD$100,000 deposit to the Manitoba government, which is returned without interest once the business investment and residency terms and conditions have been met.
8. English or French Proficiency: There are no official language requirements for this stream of MPNP, but applicants should be aware that proficiency in either English or French is considered an important factor in successfully establishing a business.
Please note that meeting the minimum eligibility requirements does not guarantee nomination. The program also prioritizes candidates who have the highest potential to become economically established in Manitoba. Applications are also subject to quota restrictions and may not be accepted throughout the year.