By
Pace Law

Changes to the Manitoba Immigrant Investor Program

November 16, 2017

The province of Manitoba has announced immediate changes to its Manitoba Provincial Nominee Program-Business (MBNP) stream. It will be now be known as the Business Investment Stream (BIS). It has been split into an Entrepreneur Pathway and a Farm Investor Pathway. We will concentrate on the Entrepreneur Pathway here.

From the government website:

A new business investor stream will give priority to applicants who start a business within the first 12 months of their arrival in Manitoba, particularly those who start a business outside of Winnipeg. Effective immediately, applicants in this stream will no longer be required to submit a deposit to the MPNP. Applicants will instead sign a business performance agreement to purchase an existing business or start a new one, and the MPNP will provide a letter of support for a temporary work permit. These changes will ensure applicants are investing in businesses that create jobs and contribute to Manitoba’s economy, the minister added.

Highlights:

  • As of November 15, 2017, the old stream is closed for Expressions of Interest. It is anticipated the new Business Investment Stream (BIS) criteria will be in effect by March, 2018.
  • The new BIS Entrepreneur Pathway will move away from the Permanent Resident (PR)/Deposit model to a work permit/PR model.
  • Criteria for the Entrepreneur Pathway includes business experience, official language proficiency (English or French), and an age range preference of 25-49.
  • The minimum business investment is $250,000 for a business located in Winnipeg and vicinity, and $150,00 for a business outside of the Winnipeg area.
  • A minimum net worth of $500,000 will be required. However, the deposit of $100,000 will no longer be required.
  • The ranking points for the criteria have not yet been announced. I will post updates as they happen.

If you are interested in discussing this program, contact us.

Share This Post
Email
Facebook
LinkedIn
Twitter
Trending Posts
Read More Insights
Wills And Estates
By
Angela Barrientos
A will is a legal document that clearly states how a person’s property and belongings will be divided after their passing.
Immigration
By
Angela Barrientos
Since its introduction in 2013, the program has been a huge success in assisting Canada in luring and keeping outstanding entrepreneurs who can contribute to the expansion and prosperity of the country’s economy.
Corporate and Personal Law
By
Angela Barrientos
In 2022 the Government of Canada passed new amendments that expanded the Scope of the Competition Act. In this article, we look back on some of the changes that took place.
Corporate and Personal Law
By
Angela Barrientos
The term “mergers and acquisitions,” also known as M&A, refers to the merging of businesses or their essential business assets via business-to-business monetary operations.
Wills And Estates
By
Angela Barrientos
A will is a written statement that represents you after death. It specifies how you intend on allocating your assets and property.
Events
By
Pace Law
Pace Law Firm is always looking to expand our business and elevate it to the next level. On Thursday November 24th, Pace Law Firm attended the Canadian Mortgage Summit (CMS) to hear from the industry’s top mortgage brokers, lenders and solution providers.

Get in Touch

Call us now or fill out the form to discuss your case with an experienced legal professional.

Our Locations

Office Location

191 The West Mall, Suite 1100
Toronto, ON M9C 5K8
Phone: 1-877-236-3060
Fax: 416-236-1809

Office Location

191 The West Mall, Suite 1100
Toronto, ON M9C 5K8
Phone: 1-877-236-3060
Fax: 416-236-1809

Scroll to Top