Attention foreign investors! Canada’s prairie province Manitoba is attracting a large number of foreign investors to its shores through its popular stream Manitoba Provincial Nominee Program for Business (MPNP-B). With a population of more than 1 million and with multi-cultural background and diverse skills, it is an ideal place either to start, associate or purchase a new venture or a firm.
Since too long the province has been welcoming foreign investors and motivating them to explore the ample opportunities and business friendly environment on its territories. Since the province has a fairly rich history of welcoming foreign investors and it fully recognizes the importance of the economic immigrants to its shores, it enjoys widespread popularity amongst the business and investment motivated immigrants.
Investment Opportunities in Manitoba Canada through Manitoba Provincial Nominee Programme for Business (MPNP-B)
The province along with the Canadian Federal Government jointly shares the responsibility of business people and investors immigrating to the country using the Manitoba Provincial Nominee Programme for Business (MPNP-B).
The specific scheme allows the province to recruit and nominate those business professionals from every corner of the world, who have the intention and also the ability to move to it and purchase, or establish a business or associate in an existing venture. Post the approval of your application, you can bring along your family with the same residency status.
Minimum Required Net Worth & Investment Amount
The minimum net worth required is 350,000 Canadian Dollars. However, it is mandatory to prove that the required amount has been earned legally and just the inheritance of assets is not sufficient. Applicants are also required to make an investment of 150,000 Canadian Dollars out of which 100,000 Canadian Dollars is the refundable amount and, if at the later stage the applicant fails to meet the terms and conditions and the projected business plan remains incomplete, then in that case 100,000 Canadian Dollars are lost.
The scheme picks up speed once the applicant receives a Nomination Certificate that allows faster processing by the Federal Government. Only those who are capable get an Invitation to Apply (ITA) and the right to file a petition.
The province’s government is committed to help you and your family to settle in the province successfully, identify accurate business opportunities, and manage/establish a business venture/farm in Manitoba.
Applicants must also be prepared to:
- If required, appear for a personal round of interview with the concerned Manitoba Provincial Nominee Programme for Business official.
- Make an exploratory business trip to the province for not less than five working days.
- Submit a language score in either English or French to demonstrate their language expertise.
Manitoba Provincial Nominee Programme for Business (MPNP-B) will nominate only those individuals who want to reside in the province permanently along with their dependents and actively manage regular business activities. Applicants who fail to meet the programme’s terms & conditions must explore other Provincial Nominee Programmes (PNP).
The MPNP-B is a beneficial for both the involved parties, while the province gets economic benefits it is equally beneficial for the business proprietors.