Provincial Nominee Business Applicants
Canada has ten provinces and 3 territories and only the territory of Nunavut does not have an immigrant nominee program. Of the other provinces and territories, Alberta and Newfoundland do not have business immigration programs.
In all cases the business applicants must be:
Successful business people or senior managers with net assets ranging from C$300,000 to C$5,000,000
and be willing to invest from C$150,000 to C$5,000,000
and hire one to five Canadians, that are not members of their family (click here for program comparison chart).
After approval by the provincial or territorial authorities, the applicants in some provinces may apply for work permits for themselves, and study permits for their children, and come to Canada to start their business. They must then prove they have successfully made their investment, operated their business, and hired the requisite number of employees before they will be able to apply for full permanent residence status in Canada.
In one province (New Brunswick), the applicants must make a security deposit of C$75,000 and apply for permanent residence immediately following approval by the province. They then arrive in Canada as permanent residents, but must establish their business or they will lose their security deposit.
The provinces and territories are usually able to approve applications in six months to two years (depending on the program selected) and then where permitted, the applicants can request work and study permits which are normally issued in two to three months.
Provincial or Territorial nominees are given priority processing by the Federal immigration authorities and will normally receive their permanent residence visas in approximately one to two years.