Business Investor Stream

Business Investor Stream (BIS) is a subcategory of the Manitoba PNP (MPNP). Also, it is all set to replace the current PNP-B business immigration stream. Besides, the new stream helps in getting business investors and entrepreneurs who want to start/buy a business in Manitoba.

You can apply through the following sub-streams of the Business Investor Stream:

• Entrepreneur Pathway – This option is for applicants who want to open a business in Manitoba.
• Farm Investor Pathway – This is for applicants who want to set and run a farm in rural Manitoba.

Entrepreneur Pathway

To apply, meet the following terms:

• Firstly, you must be a qualified entrepreneur who wants to live and settle in Manitoba.
• Secondly, set, buy, or become partners in an existing business in Manitoba.
• Also, you must do this within 24 months of landing in Canada with a temporary work permit.

What are the factors you must meet to apply to Business Investor Stream – Entrepreneur Pathway stream?

Following are the factors you must meet to qualify:

Business Experience

• Have a minimum of 3 years of business experience within 5 years. This experience has to be as a business owner or in a senior management profile.
• Must have at least 33.3% of equity shares in the business.

Language Skills

To qualify for the MPNP Business Investor Stream stream you must have a minimum of CLB/NCLC 5 language skill level.

Study Level

You must have a minimum of a Canadian high school certificate from a Manitoba approved institute/university.

Age

To apply to this stream, you must fall in the age group of 25 to 49 years of age.

Business Investment terms

• If your business is in the Manitoba Capital Region, you must have a minimum investment of $250,000.
• If your business is outside the Manitoba Capital Region, you must have a minimum investment of $150,000.
• Invest in an eligible business as set by MPNP.
• Your business must create/maintain a minimum of 1 job for a Canadian citizen or a permanent resident in Manitoba.

Make a business research visit

• Apply to MPNP Business Investor Stream with a business plan.
• Conduct a business research visit to explore business and investment options, and
• Show proof of your visit to Manitoba. This can include flight tickets, hotel receipts, minutes of meetings, emails with prospective business owners/clients etc.

Adaptability

• Your spouse must have a CLB/NCLC 5 or higher language skill level.
• You or your spouse have CLB/NCLC 5 or higher in the Second Official Language.
• You, your spouse, or common-law partner has a close relative in Manitoba. This relative must be living in Manitoba for more than 1 year.
• Also, have a child who is studying in a Manitoba approved educational institute. He/she/it should be in a full-time study program for a minimum of 6 months before submitting an EOI; and/or
• You or your spouse or common-law partner have completed a minimum of a 1-year full-time study program in Manitoba. You, your spouse, or common-law partner must have completed studies after 17 years of age. Also, you must have a valid study permit at the time of completing your studies, Or
• You, your spouse, or common-law partner have completed a minimum of 6 months of employment in Manitoba. This job must be regular, full-time, and paid. Also, to prove this you must submit an employer reference letter. Further, MPNP will need a copy of your valid work permit. 

Net Worth

To fulfil this criterion, you must have a minimum net worth of $500,000. Also, this net worth will be assessed by third party suppliers which are approved by MPNP. Besides you need to submit this net worth verification report within 120 days of receiving a Letter of Advice to Apply (LAA).

Business Performance Agreement

After you get approval from MPNP you must sign a BPA. Also, you have to do this before, MPNP issues a letter of support. Because this letter will help in applying for a work permit.

Farm Investor Pathway

The Farm Investor Pathway is a renewed stream that replaces the previous Farm Strategic Recruitment Initiative. People with eligible farm business experience, capital investment, and intent to set/run farm operation in rural Manitoba can apply.

Besides, applicants who qualify under FIP must:

• Firstly, must produce primary products.
• Secondly, must grow the agri-food industry of Manitoba with their type of business and investment.

What are the factors you must meet to apply?