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Entrepreneurs must have the intention and ability to establish, purchase or make
a substantial investment in a business in Canada that will contribute significantly
to the economy and create jobs.
The business must employ at least one Canadian citizen
or permanent resident other than the entrepreneur and his/her dependents. The entrepreneur
must be actively involved in managing the business. No minimum net worth is required,
but applicants in this category must prove that they have enough capital to establish
a business, cover its short-
Entrepreneurs
and their dependents are admitted to Canada under the condition that they establish
and actively manage a business in Canada within two years of arrival. Immigration
officials in Canada monitor the entrepreneur’s progress and can help by referring
entrepreneurs to provincial officials or other agencies that assist in business activities.
Features of the Entrepreneur Program
There is no minimum net worth requirement. The amount required is dependent on the type of business that the entrepreneur plans to establish or purchase in Canada. The amount must be sufficient to allow the entrepreneur to start the business and cover the costs of establishing the family in Canada. Therefore the entrepreneur will receive a conditional permanent resident status dependent on the following:
- The entrepreneur must actively manage the business, and the business must create employment opportunities for others.
- The business must make a significant contribution to the economy.
- All family members are admitted under the same terms and conditions as the principal applicant
Financing is available to cover the $400,000 CDN investment in the form of a pre-
