Medium-wealth individuals with adequate entrepreneurial experience may be eligible to apply under one of the many provincial entrepreneur programs.
Each province runs its own entrepreneur programs and generally follows a multi-step process for obtaining permanent residency. Applicants submit an Expression of Interest file and wait for an invitation to apply. The shortlisted candidates submit a complete application that is evaluated by the province immigration authorities. If approved, candidates are generally required to sign a performance agreement and apply for a work permit and initially enter Canada as a worker. If the performance agreement requirements are met at the end of the specified period, the candidates receive a provincial nomination. Based on this choice or nomination, they can apply to the Immigration, Refugees and Citizenship Canada (IRCC) for permanent residency.
Most of these provincial business immigration programs require active participation in running a business based on specific investment and job creation. Programs vary in eligibility requirements but generally indicate a minimum net worth in the range of CAD $500,000 to CAD $600,000, with related administrative experience. Some programs require a goodwill deposit that is refundable once the company is established. Under provincial nomination programs, applicants first apply to be nominated by the province, and on the basis of this nomination they can obtain permanent residency after federal health and crime checks.