Comparison Chart

THE ENTREPRENEUR START UP VISA

Program

Entrepreneur Start Up Visa

Net Worth Investments

Designated Canadian venture capital fund: minimum investment must be $200,000.

If coming from an angel investor group, it should be at least $75,000

Support from multiple designated organizations, or syndication: minimum total investment amountis $200,000.

If the business receives support from at least one designated angel group, but not designated venture capital groups, then the minimum total investment amount that must be invested in that business is $75,000.

Education and Language Requirements

Meet minimum language requirements in English or French (CLB 5 in all abilities):

  • Speaking
  • Reading
  • Listening
  • Writing

Procedure to Start up a Business

Have a Qualifying Business
A qualifying business means you created a business that meets all of the following criteria:
At the time you get a commitment from a designated organization:

  • each applicant holds 10% or more of the voting rights attached to all shares of the corporation outstanding at that time (up to 5 people can apply as owners)
  • AND
  • applicants and the designated organization jointly hold more than 50% of the total voting rights attached to all shares of the corporation outstanding at that time

Prove your business is supported by a designated organization
You must have the support of a designated organization. These are business groups that have been approved to invest in or support possible start-ups.
If a designated organization decides to support your business, it will give you a letter of support. You must include the letter of support in your application.

 

 

PROVINCIAL NOMINATION – ENTREPRENEUR STREAM

Program
                                      

British Columbia Provincial Nominee Program (BC PNP) – Entrepreneur Stream

Net Worth Investment

Minimum Net Worth: $600,000
Minimum Investment: $200,000 OR $400,000 if proposing a Key Staff Member

Education Requirements

A post-secondary credential OR Experience as an active business owner-manager with 100 per cent ownership of the business for at least three of the past five years. The 100 per cent ownership of the business may be shared between you, your spouse or common-law partner and/or your dependent child(ren).

You will receive points for your highest level of completed education

Language Requirements

There is no minimum language requirement. However, points may be awarded for language proficiency.

Procedure to start up a business

A letter of support will be given to the Nominee so that he or she can apply to Immigration, Refugees and Citizenship Canada (IRCC) for a two-year work permit. This will enable the nominee and their dependents to move to B.C. so they can start implementing their business plan. You must arrive in B.C. with your valid work permit within 12 months, or 365 days, of the date of your letter of confirmation.

How do I establish my business?
Once you arrive in B.C. with your valid work permit, you will have up to 20 months, or 610 days, to implement your business plan, actively manage your business and meet all of the performance expectations in your signed Performance Agreement. You must submit a final report to the BC PNP between 18 and 20 months, or 550 and 610 days, after you arrive in B.C. with your valid work permit.

 

 

Program
                                      

Nova Scotia Nominee Program (NSNP) – Entrepreneur Stream

Net Worth Investment

Minimum Net Worth: $600,000
Minimum Investment: $150,000

Education

Minimum of Canadian high school diploma or equivalent foreign credential verified by an Educational Credential Assessment (ECA) taken in the last five years prior to the date the EOI is submitted

Language Requirements

  • Minimum score of CLB5 (Canadian Language Benchmark) in speaking, listening, reading and writing English or French.
  • Verified by Canadian English Language Proficiency Index Program (CELPIP) General test, International English Language Testing System (IELTS) General Training test of Test d’évaluation de français (TEF) taken within two years prior to the date the EOI is submitted.

 

Procedure to start up a business

Business Establishment Plan:

  • Be coherent and well thought out plan for successful settlement and business development in Nova Scotia.
  • Demonstrate that the business meets the minimum required investment level and that the applicant will hold an active managerial position in the business.
  • Candidate has conducted extensive research into the economic, market, and cultural factors relevant to the proposed business.
  • Include a detailed Action Plan that outlines, step by step, the planned actions of the business over the next two to three years. These actions include but are not limited to: financial actions required to start or buy the business, anticipated start date of the business, when staff will be hired, timing of planned export activities, etc.
  • The applicant must have complete knowledge and understanding of his or her Business Establishment Plan.
  • Business Establishment Plan must touch on all of the following topics: the business idea, sales and marketing plan, exploratory visit (only in the case of business succession), critical factors, risk factors, investment/financial information, business relationships, and human capital.

Business Idea
The business idea section of the Business Establishment Plan must:
Specify the industry/sector that the proposed business will operate in;
Provide a description of the business;

The description should outline:

  • Ownership percentages; the candidate must demonstrate that he or she will own at least 33.33 percent of the business and all other investors must be listed along with their contact information;
  • The legal name and trading name of the business (in the case of business succession); 
  • Details of any changes the candidate is considering to the business operation (in the case of business succession); 
  • Provide business ownership information – partnership, proprietorship, corporation, acquisition, franchise;
  • Specify the proposed location for the business (city or town); and
  • Provide details on the geographic coverage (local, regional or national) of the business.

Sales and Marketing Plan

  • The sales and marketing plan section of the Business Establishment Plan must outline:
  • The market analysis and marketing strategy including target market(s), major suppliers, and major competitors;
  • How the business will acquire space to operate;
  • What products or services the business will offer;
  • What distribution channels the business will use;
  • The business' hours of operation;
  • The outside professional services the business plans to use, if any; and
  • Full details of research undertaken to support these plans.

Exploratory Visit (for business succession only)
The exploratory visit is a requirement for all candidates intending to purchase an existing business rather than establish a new one. Applicants must create and submit a report on their visit as part of the Business Establishment Plan. The report must cover the entire length of stay in Canada (including time spent in other provinces) and should include:

  • Length of stay in Canada;
  • The name of the professional business service providers or settlement organizations visited during the trip, including mailing addresses, telephone numbers, and emails;
  • A description of the activity and/or meeting and its relevance to the applicant’s business establishment or settlement;
  • Copies of all airline tickets, boarding passes, and hotel receipts;
  • Copies of business cards collected from relevant contacts and business service providers throughout the visit; and 
  • Details of the visit to the existing business location and any meetings with current owners.

Critical Factors

  • This section of the business plan should identify any:
  • Government regulations that will be applicable to the proposed business including environmental regulations, health regulations, municipal zoning requirements, and labour rules;
  • Special insurance requirements; and
  • Overall anticipated challenges in addition to those identified above.

Investment/Financial
The investment/financial section of the business plan should include:

  • Proposed investment amount including how the money will be spent;
  • Forecasted start-up funds and expenses;
  • Source of financing for investment;
  • Financial statements for the last five years, in the case of business succession; and
  • Three years pro-forma financial statements including balance sheet, income statement and cash flow statement. Assumption notes for income statement and cash flow statement including a rationale for estimated revenue, expenses and profitability must be included.

Business Relationships
In this section of the Business Establishment Plan, the candidate should provide:

  • The name, organizations, mailing addresses, phone numbers, and emails of contracted professional business service providers who the applicant has contacted and/or has established an active working relationship or paid contractual agreement with;
  • The name, organization name, mailing address, email, and telephone number of the person who compiled or assisted in the compilation of the Business Establishment Plan;
  • A summary of people contracted or consulted in preparation of the Business Establishment Plan.

Human Capital
This final section of the plan should outline:

  • The management contribution the candidate plans to make in the proposed business, including an estimate of the hours he or she will spend managing and/or working in the business on a weekly basis;
  • The number and type of jobs to be created for Canadian citizens or permanent residents;
  • The candidate's plan to offer the existing staff similar terms and conditions to what they already enjoy, including maintaining existing wages and employment terms, in the case of business succession;
  • The educational requirements and experience required for new employees;
  • Any preparation and training for entrepreneurship in Nova Scotia (including course titles and institution names, if applicable) that the applicant will undertake; 
  • The candidate's educational background and its relevance to the proposed business idea; and
  • The candidate's entrepreneurial experience and its relevance to the proposed business idea.
    • If the candidate has no relevant experience or background directly related to the proposed business, he or she should explain how his or her knowledge or experience can be applied to the business.

 

Program

Northwest Territories Nominee Program (NTNP) - Entrepreneur Business

Net Worth Investments

Minimum Net Worth Investment: For businesses in Yellowknife: $500,000 OR For businesses outside Yellowknife: $250,000
Minimum Investment: In Yellowknife: $300,000 & at least 33.3% ownership OR Outside Yellowknife: $150,000 & at least 33.3% ownership OR $1,000,000 investment

Education Requirements

Have the necessary experience and education to successfully implement the business plan

Language Requirements

Demonstrate that they have achieved a level of proficiency of 4 against the Canadian Language Benchmark (CLB 4) in English or the equivalent language level against the Niveaux de competence linquistiqueCanadiens (NCLC) in French upon application.
· Please note that the Nominee Program will only accept test results from the International English Language Testing System (IELTS) or the Canadian English Language Proficiency Index Program (CELPIP) if submitting results in English, and the Test d'évaluation de français (TEF) if submitting results in French. Test results must be no older than six (6) months at the time of application.

Procedure to Start up a Business

The business plan must include, but is not limited to, the following:

  • Proposed business name and description of the business concept;
  • Business ownership information – partnership, proprietorship, corporation, franchise, acquisition;
  • Proposed industry/sector;

Applicants must indicate:

  • The industry sector code(s) that best relates to their proposed investment (per the North American Industry Classification); and
  • The occupation code(s) that best relates to their experience and skill level (per the National Occupation Classification) system.
  • Proposed location for the business;
  • Plans for establishing residence in the Northwest Territories;
  • Management contribution the applicant will make with respect to the proposed business;
  • Proposed investment amount and explanation of how it will be spent;
  • Fore-casted start-up funds and expenses;
  • Pro‐forma financial data and a financing plan,if applicable;
  • Number of jobs to be created for NWT residents;
  • Market research performed and all other supporting analysis;
  • A list of planned past and/or future visits to the Northwest Territories, if applicable;
  • Any preparation and training for entrepreneurship in the Northwest Territories (include course titles and institution names, if applicable);
  • The name, organizations, mailing addresses, phone numbers, and emails of contracted professional business service providers whom the prospective applicant has contacted and/or established an active working relationship or paid contractual agreement with; and
  • A summary of the people contracted or consulted within the preparation and/or compilation of the business plan, including the name, organization name, mailing address, e‐mail address and phone number of each.

 

 

Program

Ontario Immigrant Nominee Program (OINP) - Entrepreneur Stream

Net Worth Investments

Minimum Net Worth:For businesses in the Greater Toronto Area (GTA): $1,500,000 OR For businesses outside the GTA: $800,000 OR For businessesin the ICT/Digital Communications sector (regardless of location): $800,000
Minimum Investment: In the GTA: $1,000,000 and ownership of 33.3% of the business OR Outside the GTA: $500,000 and ownership of 33.3% of the business OR In the ICT/Digital Communications sector: $500,000 and ownership of 33.3% of the business

Education Requirements

Applicants may claim points based on their highest level of education completed. There is no minimum requirement to be considered for the Entrepreneur Stream.
Applicants invited to apply who are claiming to have completed six months or more of post-secondary education will be required to provide evidence of this education, including Educational Credential Assessment (ECA) results.

Language Requirements

Applicants must demonstrate official language proficiency at a Canadian Language Benchmark (CLB) 4 level or equivalent.

  • CLB 4 can be demonstrated through the following International English Language Testing (IELTS) General Test Scores and Test d'Évaluation de Français (TEF) scores in each language proficiency:
    • Listening: IELTS 4.5 or TEF 145-180
    • Reading: IELTS3.54 or TEF 121-150
    • Writing: IELTS 4 or TEF 181-225
    • Speaking: IELTS 4 or TEF 181-225

Procedure to start up business

After the Performance Agreement is signed, successful applicants must arrive in Ontario with their valid temporary work permit issued by IRCC within one year of the date of the Letter of Confirmation. 
After arrival in Ontario, individuals have up to 20 months to implement the business plan and meet all commitments under the Performance Agreement. Successful applicants are responsible for submitting a Final Report to the OINP between 18 and 20 months after their arrival in Ontario with a valid temporary work permit. The Final Report should demonstrate that the candidate has met all objectives set out in the Performance Agreement.
The required permanent full-time jobs created by the new business must be filled within 10 months of the date of the applicant's arrival in Canada and they must remain filled for at least 10 months, up to the date that the Final Report is submitted to the OINP.
The Final Report along with supporting documentation must be submitted to the OINP in order to initiate the nomination process.

Program

Prince Edward Island Provincial Nominee Program (PEI-PNP) – 100% Ownership

Net worth Investments

Minimum Net Work: $600,000
Minimum Investment: $150,000

Education Requirements

At least high-school level of education

Language Requirements

Obtain a minimum language requirement equivalent to CLB 4

Procedure to start up a Business

Provide a detailed business plan for 100 percent ownership of the business;

Provide active and ongoing management of the business from within PEI;

Sign an escrow agreement containing stipulations on a deposit of $200,000, which will be held by the province until the terms of the agreement are met.

 

Program

Prince Edward Island Provincial Nominee Program (PEI-PNP) – Partial Ownership

Net worth Investments

Minimum Net Work: $600,000
Minimum Investment: $150,000 and at least 1/3 ownership OR $1,000,000 investment

Education Requirements

At least high-school level of education

Language Requirements

Obtain a minimum language requirement equivalent to CLB 4

Procedure to start up a Business

Provide a detailed business plan for 100 percent ownership of the business;

Provide active and ongoing management of the business from within PEI;

Sign an escrow agreement containing stipulations on a deposit of $200,000, which will be held by the province until the terms of the agreement are met.

Investment Agreement
If purchasing at least 33.33 percent of the equity of an existing business in PEI, the applicant will be required to submit an investment agreement, which provides the details of the proposed investment. The following information must be included:

  • Confirmation that the business being acquired is not operated primarily for the purpose of deriving investment income such as interest, dividends and/or capital gains;
  • The proposed amount of the investment in the business;
  • The number, class, and conditions of the shares being purchased (if applicable);
  • Confirmation that the investment does not include a redemption option;
  • Confirmation that the investment is no less than 33.33 percent (one-third) of the equity of the PEI business or that the applicant is willing to make an equity investment in the business of at least $1,000,000 CAD;
  • Confirmation that the applicant provides, or will provide, active and ongoing management of the business from within PEI; and
  • Time frames for the investment.

 

Program

Saskatchewan Immigrant Nominee Program (SINP) - Entrepreneur Category

Net Worth Investments

Minimum Net Worth: $500,000
Minimum Investment: $300,000 in Regina or Saskatoon and at least 33.3% ownership OR $200,000 in any other Saskatchewan community and at least 33.3% ownership OR $1,000,000 investment

Education Requirements

Has a trade or occupational certification that required at least one year full-time post-secondary training or apprenticeship equivalent

Language Requirements

Official Language Ability; English or French
Canadian Language Benchmark (CLB) 4

Procedure to Start up A Business

Business Establishment Plan
The Business Establishment Plan (BEP) must be a coherent and well-thought-out plan for successful settlement and business development in Saskatchewan. The plan should outline the steps that the applicant will take to ensure that the business has a reasonable chance of success and can be implemented upon arrival. Additionally, it should demonstrate that the business meets the minimum required investment level and that the applicant will hold an active managerial position in the business. The BEP should show that the candidate has conducted extensive research into the economic, market, and cultural factors relevant to the proposed business.

A third party may help the applicant develop the BEP, however, it is crucial that the applicant has complete knowledge and understanding of his or her plan. In the event that the applicant is unaware of the BEP’s contents, he or she may be deemed ineligible and the points for the BEP on his or her EOI may not be awarded.

Regardless of whether the candidate intends to purchase an existing business or establish a new one, the BEP must touch on all of the following topics: the business idea, economic benefit, investment, business relationships, and human capital.

 

Program

Yukon Business Nominee Program (YBNP)

Net Worth Investments

Minimum Net Worth: $500,000 (including $300,000) in liquid assets)
Minimum Investment: $300,000 and at least 1/3 ownership with a Canadian citizen or permanent resident partner

Education Requirements

Achieve a minimum score of 65 points on the Nominee Assessment Grid (including a minimum of 10 points for language ability);

Language Requirements

Achieve at minimum either:
Level 6 in the International English Language Testing System (IELTS), or
Level 4 in the Test d’Evaluation De Francais (TEF)

Procedure to Start up A Business

Business Plan
The Business Plan is submitted after the applicant has received approval in principle on eligibility and on their proposed venture. It must include a detailed outline of how the applicant will establish a successful business venture in one of the industries listed on the Strategic Sector List (see below).

The applicant must demonstrate a minimum $300,000 CAD investment in the business with a minimum 33.33 percent (one-third) ownership. In addition, the applicant must demonstrate active and ongoing management of the business.

Additional Requirements For Year One in Yukon as a Nominee
Upon arrival in the territory, nominees must have a mandatory meeting with a YBNP representative. If delays occur the nominee is required to inform the YBNP office immediately. Additionally, the nominee’s residency and start-up process must begin immediately. All legal documents supporting such activity must be provided to the YBNP and documentation showing proof of business operations is required throughout the year. All nominees must meet with YBNP staff or be visited on-site (business or residence) on a quarterly basis.