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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 (1) Canadian citizen or permanent resident other than the entrepreneur and his/her dependants. 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-term operating costs, and support their dependants.
Entrepreneurs and their dependants are admitted to Canada under the "terms and conditions" that they establish and actively manage a business in Canada within two (2) 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;
- 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. The "terms and conditions" are removed once the entrepreneur sets up a significant business venture, hires at least one (1) employee, and is actively involved in managing the business.
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