Location
Canada
Good

Manitoba Entrepreneur Program

Overview:


People who have the ability to begin or purchase a business in Manitoba within 24 months of arrival are welcomed through this stream. Opposed to other entrepreneurial streams, Manitoba does not require a deposit of CAD $100,000. While there is no specific age bracket, points are awarded to candidates between the ages of 25-49 years who have at least 1/3rd ownership of a business or have at least 5 years of experience working in a senior management role.


Another requirement is at least CAD $250,000 for investment in the Manitoba Capital Region and at least CAD $150,000 if the business will be located outside of the Manitoba Capital Region. The candidate must also submit a business plan. Points will also be awarded for language fluency, education, and their spouse's language fluency and other adaptability factors.


Successful candidates will receive permanent residence in Manitoba and will be on their way to a more prosperous life.


How Long It Takes:


18 to 24 months


Who Can Apply:


·        Business owners with at least 3 years of experience in owning + managing a business

·        Senior business managers with five years of experience in a senior business manager role

·        Candidates must have a net worth of at least CAD $500,000

·        All candidates must invest CAD $250,000 in the Manitoba Capital Region or CAD $150,000 outside the capital.


How It Works:


In order to apply for the Manitoba Entrepreneur Program, an Expression of Interest (EOI) must be submitted through email with your business concept. Candidates are allowed to go and explore opportunities in Manitoba beforehand. They must then submit their findings, business concept, and self assessment form for evaluation. If they meet the minimum criteria, they will be sent a Letter of Advice to Apply with a checklist of documents to submit.

The candidate will have to hire an accounting firm to assess property value and net worth. All supporting documents for the application must be prepared and submitted in 120 days of receiving a Letter of Advice. The application is then assessed and if meets standards, the candidate is required to sign a Business Performance Agreement and will receive a work permit.


The successful candidate can then move to Manitoba and operate his/her business as per plan. The Manitoba Provincial Nominee Program will assess whether or not the business is operating as per the Business Performance Agreement and if so, will issue a certificate of nomination. When a candidate is nominated, he/she can then apply for permanent residence.


Manitoba's potential is skyrocketing and the opportunities are endless!