Business people are always on a look out for better economic conditions where they can not only invest their hard earned money, but also live a peaceful life, in a healthy environment. Many countries are business friendly, their strong economy encourages business people to come and live there in.
Recently, it has been observed that a large number of business people are moving to Canada, the ‘Land of Milk and Honey’. Yes, it is Canada that has become a favorite for business migrants. Several business people have preferred to move to the country over other attractive destinations, such as Australia, the UK and the US, courtesy its easy immigration process that suits the business migrants the most.
The nation has a robust economy and the lifestyle is extremely healthy and modern there in. When people arrive in the nation they have an idea where they wish to live and work. In the last decade, a large number of business people moved to settle in Manitoba province using the Manitoba Provincial Nominee Programme for Business (MPNP-B).
Before we talk about the MPNP-B, let’s take a look on the province’s profile! Manitoba is the prairie province of Canada. In terms of population, it is the fifth most populated province. It has a strong economy largely driven by natural and other resources, such as manufacturing, mining, technology, tourism, oil, agriculture, energy, transportation, education and aerospace.
Now let’s come back to our main topic Manitoba Provincial Nominee Program for Business (MPNP-B)!
What is Manitoba Provincial Nominee Program for Business (MPNP – B)?
Well, it is an immigration programme structured through a mutual agreement between the Canadian federal government and the Manitoba Government. The objective of the programme is to bring exceptional business talent to the province–those intend to make an investment through in an existing, partner or start a new business there in (the province).
How much net is required to be able to qualify for the MPNP-B?
To qualify, applicants must pocket at least CAD $ 350,000. The amount must be legally acquired or obtained.
How much an applicant is required to make an investment?
On an average, the investment amount must not be below CAD $ 150,000. However, the amount varies depending on the type of business you wish to do, how big it is going to be, and whether it will be a new business, or you simply wish to manage or partner in an existing venture. Depending on your business characteristics, the amount may go up to few million dollars.
Nominated applicants are required to submit a refundable good faith deposit of at least CAD$100,000. Once the terms and conditions of their deposit agreement is met with, the good faith deposit will be returned although the amount is not liable for any interest rate.
In the last one year, certain amendments have been made to the programme’s selection criteria. The province has partnered with the Immigration, Refugees and Citizenship Canada (IRCC) and it has introduced the MPNP-B Express Entry. To initiate the process, applicants must create an online profile even as the number of applications accepted is limited to 5,500 only.
For complete details, you may visit the official website of the province or the official website of the IRCC, or else contact a Canada Immigration Expert.