The mentioned program has been discontinued, and there are no current indications of its potential reinstatement in the foreseeable future. Under this program, individuals who met the eligibility criteria, along with their immediate family members, were granted the opportunity to attain Canadian permanent residency.

This was achievable through active involvement in managing, directing, or acquiring a minimum ownership stake of 33.33% in a qualified Canadian business. A significant aspect of this endeavor was the requirement to create at least one new job within the Canadian economy as a contribution to its growth and development. While this program is no longer available, there are other avenues through which entrepreneurs can explore immigration options to Canada.

Entrepreneurs have the opportunity to foster the growth of their businesses in Canada through the support and expertise offered by approved Canadian private sector organizations. By doing so, they become eligible for a Canadian Startup Visa, an arrangement designed to stimulate economic progress and generate employment opportunities for both citizens and permanent residents.

Unlike Immigrant Investor programs or the Federal Entrepreneur program, applicants are not required to invest their personal funds to meet the program’s eligibility criteria. Instead, they are required to secure a minimum investment or angel funding from one or multiple designated organizations. This approach encourages collaboration between entrepreneurs and established entities to drive innovation, create jobs, and contribute to Canada’s thriving economy.

If you possess significant experience as an investor or manager and have a moderate level of proficiency in the French language, you could potentially qualify for a Business Entrepreneur Visa through establishing or acquiring a business in the province of Quebec. The Quebec Entrepreneur Program presents two distinct streams tailored for foreign entrepreneurs seeking opportunities in the region. These streams offer pathways for eligible individuals to contribute to Quebec’s economic growth and foster their business ambitions within a unique cultural and linguistic landscape. The program’s emphasis on language proficiency underscores the importance of effective communication and integration within the Quebec business community, ensuring a successful entrepreneurial journey.

Specific regions have the ability to nominate applicants through their dedicated entrepreneur stream within the Provincial Nominee Program. This initiative offers aspiring business individuals a unique pathway to permanent residency by aligning their entrepreneurial aspirations with the specific economic needs and opportunities of the region.

If you have a genuine interest in establishing and managing a business within a particular province, you may be selected for this program, subject to meeting the eligibility criteria outlined by the respective province. This strategic approach allows provinces to attract entrepreneurs who can contribute to local economic development while fulfilling their own ambitions of becoming Canadian permanent residents.