What Are Eligibility Criteria for Manitoba Provincial Nominee Program for Business?

Manitoba is a dynamic prairie province of Canada, with its capital in Winnipeg. The Government of Manitoba is positively trying to invite business skills into the province and annually nominates the businessmen from other parts of globe to prop-up the business expertise pool in the state.

The province provides an appropriate environment and support infrastructure to the business people possessing Eligibility Requisites under Manitoba Nominee Program for Business. This nomination program is run under the strategic initiative stream by Business immigration in close coordination with the Investment branch of Department of Entrepreneurship, Training and Trade.

This business specific program has been scheduled to assist and promote people from different corners opting to join the development band wagon of the state and establish venues of business in the province. There is an ample support provision provided for the migrants and their families to discover the feasible opportunities for business and settle successfully.

The Business Class Eligibility Criteria of Manitoba PNP permits the migrants to pay an obligatory 7-day visit to the state on the invitation of the state government, to explore the state and potential probable sectors where one can start a business successfully, or buy-out a concern of invest in an on going company.

You could also be interviewed by an MPNP officer prior to be given an invitation to embark on the prospecting tour.

Before filing for invitation for the exploratory tour of state under the PNP, you must substantiate:

  • A clear and tangible minimum net worth of CDN $ 350000
  • Relevant Business experience of 3 years in senior managerial role in a successful business concern
  • Intentions of establishing business in the state.

After the approval of the nomination by the state government, you need to:

  • Deposit CDN $ 75000 as a security amount along with the deposit agreement with the Government of Manitoba.
  • A requisite qualified investment of CDN $ 150,000 in the eligible investment.
  • Active role in the management of the company newly established, bought-out or partial investment in an existing organization.

The security as Qualifying Criteria under Manitoba Provincial Nomination Program for Business is a way of substantiating your intentions of establishing a business in state within 2 years of obtaining Permanent Resident Visa and that you and your family will settle down in this prairie province.

There is no interest payable for the period of retention of this amount and is generally retained for two years. You can ask for the refund of this security amount after completing the requirements undersigned by you in the deposit agreement, i.e., establishing a fully operational business concern, etc.

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