Summary
- Work permit for min. 6 months before Permanent Residency nomination;
- Can buy an existing business or set up a new business;
- Mandatory Interview;
- Co-applicant possible.
Minimum Eligibility Criteria
- Minimum CAD$500,000 net worth of all assets between husband and wife;
- Minimum investment CAD$300,000;
- 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
- IELTS/TEF is not mandatory;
- No age limit;
- No education requirements;
- Lower cost of living.
Disadvantages
- Exploration trip mandatory;
- Not suitable for long term living (extreme cold and small population cities);
- Not easy to sell the business after Permanent Residency to move out of the province.
