There are two options open for applicants under the business investor stream.
NOTE: Currently BIS isn’t accepting any profiles under Expressions of Interest. The applications for the same will reopen once both the Entrepreneur and the Farm Investor Pathway comes into effect in 2018.
Business Investor Stream: An Analysis
There are two streams to immigrate under the Manitoba Business Investor Stream, both the streams require the candidates to apply under the Expression of Interest (EOI) where the eligible applicants are required to submit a statement mentioning why do they intend to apply to the program.
The first step towards making an EOI is by creating an online profile. Only the eligible profiles are put in the Business Investor Stream Expression of Interest pool with other eligible applicants, that are then scored based on the answers that have been provided by the applicants. In the next step the profiles are ranked on the basis of the total number of points availed by the candidates under the BIS adaptability assessment matrix.
The candidates can avail points based on various factors like age, experience, net worth, business knowledge, business experience, proficiency in Canada’s official languages (English and French), etc.
The candidates who end up with the highest overall score will get an invitation to apply in the form of a Letter of Advice to Apply (LAA). Once the applicants receives the LAA they have 60 days to submit a complete application to the Manatobian government.
Adaptability Assessment Matrix
The Adaptability Assessment Matrix is a table that helps in evaluating the candidates potential to properly settle in the state of Manitoba and be financially stable.
The applicant must score a minimum 60 points to be eligible for a nomination.
Age (Maximum 15 points)
|21 to 24||5|
|25 to 29||10|
|30 to 44||15|
|45 to 49||5|
|50 to 54||5|
Business Knowledge (Maximum 15 points)
|Business Owner and Manager (more than 50% ownership)||15|
|Business Owner and Manager (20% to 50% ownership)||12|
Business Experience (Maximum 15 points)
|Length of Experience||Points|
|10 years of more||15|
|Above 6 to 10 years||10|
|Above to 3 to 6 years||5|
Net Worth (Maximum 15 points)
|Total Net Worth||Points|
|Over $2.5 million||15|
|Above $2 million to $2.5 million||14|
|Above $1.5 million to $2 million||13|
|Above $1 million to $1.5 million||12|
|Above $500,000 to $1 million||10|
|$350,000 to $500,000||8|
English and/or French Fluency (Maximum 20 points)
|Description||CLB/NCLC or equivalent test scores||Points|
|Higher language proficiency — candidates who are well versed and fluent in English or French.||Above 6||20|
|Moderate language proficiency — candidates who know are fluent enough to communicate in everyday life.||4 to 6||15|
|No/little English/French language proficiency — candidates who are not at all fluent in English or French.||Less than 4||0|
Enhanced Settlement Factors (Maximum 20 points)
|The applicant has visited Manitoba for at least five working days and conducted relevant business and lifestyle-related research||15|
|The applicant’s spouse has a high language proficiency (CLB score of 5 or above)||10|
|The applicant has a close relative currently residing in Manitoba for more than one year||5|
|The applicant’s child is enrolled in an accredited Manitoba educational institution at least six months prior to the date of submission of Nomination Application and is actively pursuing academic, professional or vocational training on a full-time basis.||5|
|The applicant or accompanying spouse or common-law partner has completed a program of full-time study of at least one year at a post-secondary institution in Manitoba. This must have been done after turning 17 years old and with a valid study permit.
The applicant or accompanying spouse or common-law partner has completed at least six months of continuous full time employment in Manitoba. The applicant must provide a letter of reference from his/her employer and a copy of his/her work permit.
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