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
- IELTS mandatory CLB 5;
- 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;
- All assets in the home country to be verified by the third party audit company.
Advantages
- Zero government application fee;
- Low competition for selection;
- No age limit;
- The best option for low investment and high quality of life with family;
- Permanent Residency nomination after 12 months.
Disadvantages
- IELTS/TEF mandatory;
- Points selection system gives an advantage to younger, higher educated candidates;
- Unable to gain more points with higher investment or employee hiring;
- Exploration trip mandatory.
