Monday, February 15, 2016

Manitoba Business Immigration Program

Manitoba is also opening its own business immigration program wherein the entrepreneurs and investors can make an investment and gain permanent resident status.

Manitoba has two business immigration programs:   
  1.  Manitoba Entrepreneur Program 
  2.  Manitoba Farm Strategic Recruitment Initiative

Manitoba Business Immigration Program

Unlike other provinces, Manitoba signs a deposit agreement for the investment amount of $100,000 CAD and issues a nomination certificate to the applicant upon approval. The minimum net worth required for both the business immigration program is $350,000 CAD and the applicant needs to provide the documents related to the source of the income. Moreover, the minimum investment amount for the Manitoba business program is $150,000 CAD along with $100,000 CAD which the applicant needs to provide as a security deposit amount. If the applicant isn’t successful in fulfilling the requirements of the Manitoba business program then the applicant is bound to lose the deposit amount.

Whereas for the Manitoba Farm Strategic Recruitment Initiative, the applicant needs to make the minimum investment of $75,000 CAD which will be transferred to the Manitoba Development Corporation after the nomination certificate is issued prior to applying for the permanent resident status. Apart from the investment amount, the applicant is termed to manage and run the business just like any other business immigration program.

Once the applicant receives the nomination certificate, he/she will have to make an investment of $100,000 CAD as deposit amount which will be refunded once the terms and conditions of the deposit amount is met by the applicant and if at all prior to filing for permanent resident status, the applicant feels to withdraw his/her application then also the deposit amount will be refunded.

The business immigration program offered by the Manitoba province is considered to be more realistic if at all the applicant couldn’t fulfill the terms of deposit amount still his/her permanent resident status will be remain unharmed. Following all this regulations, many people choose to immigrate to Canada through the Manitoba business immigration program eventhough they lose their deposit amount. 



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