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Alberta PNP- Entrepreneur Immigration Streams

Alberta Immigrant Nominee Program- Streams for Entrepreneurs

The provincial government of Alberta believes that entrepreneurs significantly contribute to Alberta’s economy. Using their skills and initiative ideas, they tend to create jobs for Albertans. The province also rewards the entrepreneurs with profits and provides them better growth opportunities if they succeed in taking the calculated risks of setting up a business in Alberta.

The AINP has 3 streams that are exclusively designed for entrepreneurs who plan wish to permanently live and buy or set up a business in Alberta.

  • International Graduate Entrepreneur Immigration Stream
  • Foreign Graduate Start-Up Visa Stream
  • Self-Employed Farmer Stream

Eligible Businesses in Alberta

Your proposed business type must meet the eligible businesses criteria or demonstrate that it will significantly benefit the economy of Alberta. Else, your business application may be refused/declined.

According to the AINP, your business must be capable enough to create economic benefit to the province. In addition, your proposed business must go in line with the general eligibility criteria of the International Graduate Entrepreneur Immigration Stream.

Your proposed business must:

  • Be capable of making a profit from an active or earned income and being precisely not the passive income. So it should be through the sale of goods or provision of services.
  • Comply with applicable federal, municipal or provincial requirements, including Alberta’s labour laws.
  • Comply with Alberta’s trade certification criteria. For instance, if your business is in a compulsory trade, you must have an Apprenticeship and Industry Trade (AIT).
  • Have a physical place in Alberta, and you must reside in Alberta and be fully involved in the day-to-day management and operations of your business.

AINP Streams for Entrepreneaurs

International Graduate Entrepreneur Immigration Stream

The International Graduate Entrepreneur Immigration Stream is managed under Alberta Immigrant Nominee Program. Under this stream, Alberta selects and nominates eligible international graduates from Alberta post-secondary institutions who wish to move to Alberta permanently and set up or operate a business there.

ELIGIBILITY CRITERIA

To be eligible for applying under Alberta International Graduate Entrepreneur Immigration Stream, you must:

  • Have finished a full-time degree or diploma (at least two years long) from an Advanced Education post-secondary institution in Alberta
  • Have a PGWP (Post-Graduation Work Permit) for a minimum of 2 years at the time of submitting your EOI
  • Have score at least CLB level 7 for each English ability or NCLC level 7 for each French language skill
  • Set up a new business or purchase an existing business in Alberta (at least 34% ownership) once your Business Application is approved
  • Ensure that your proposed business is not listed on the ineligible businesses list
  • Have at least six months of work experience (full-time) of managing or owning a business actively either outside Canada or within Canada before or after completing education in Alberta
  • Establish a new business or buy an existing one in Alberta and have a minimum of 34% ownership. Also, the proposed business type has been on the list of eligible businesses.

Selection process

The Alberta International Graduate Entrepreneur Immigration Streamworks under the Expression of Interests (EOI) system. The AINP assess all the information you provide in your EOI, including the Business Proposal Summary and Net Worth Worksheet.

Based on the provided information and your business application, you will be awarded EOI points based on the IGEIS Points Grid. Followed by this, only the highest-ranking candidates are invited to submit their Business Applications to the Alberta Immigrant Nominee Program.

International Graduate Entrepreneur Immigration Stream (IGEIS) - Points Grid

Factors

Maximum Points

Key Criteria

Business Establishment Factors

75

Mandatory Requirement:

ü  At least six months of Business Management or Ownership Experience or equivalent (max 15 Points)

Not mandatory requirements:

ü  Economic Benefit (Max 40 Points)

ü  Total Business Investment (Max 20 Points)

Human Capital Factors

25

Mandatory Requirements:

ü  At least CLB 7/NCLC 7 Language Proficiency- Max 15 Points

ü  Bachelor’s degree or a 2-year DiplomafromAlberta- Max 10 Points

Adaptability Factors

25

Not mandatory requirements:

ü  Age

ü  Spouse/Common-law characteristics

ü  Alberta relatives

 

Foreign Graduate Start-Up Visa Stream

The Foreign Graduate Start-Up Visa Stream is ideal for qualified foreign educated graduates who finished their studies outside of Canada and wish to launch innovative businesses and start-up enterprises in the province.

It’s an economic immigration program under Alberta Immigrant Nominee and select and nominate those foreign graduates who have worked with a designated agency. Candidates must have a letter of recommendation from agency and submit it along with their Expression of Interest (EOI) via AINP Portal.

What is a role of approved designated agency?

The designated agency reviewsthe business proposals based on the ability of a foreign graduate. Candidate must be capbale of demonstrating market demand or need, have potential to enter the market successfully in the short to medium-term, and more.

Followed by this, the designated agency provides a written report on the assessment of the candidate’s business plan, which must be submitted along with the Business Application.

All the foreign graduates who are willing in applying under Foreign Graduate Start-Up Visa Stream must contact an approved designated agency, as it:

  • Supports the stream’s marketing
  • Determines the entrepreneurial readiness of an applicant and the potential success of his/her start-up by evaluating the propsed business plan
  • Support on the development of foreign graduate’s business plan
  • Selectseligible foreign graduates and recommend to the AINP
  • Connects foreign graduates with the right networks, and offer counseling as well coaching with launching their business in the province
  • Guides foreign graduates in achieving the key requirements of the BPA, i.e.Business Performance Agreement

Eligiblity Criteria - Foreign Graduate Start-Up Visa Stream

To qualify under this stream, you must:

  • Have a minimum of 6 months full-time experience of managing or owning a business actively
  • Have a degree from post-secondary institution outside of Canada  obtained in last 2 years and an  Educational Credential Assessment report for the same
  • Have a business plan that projects financials as per the AINP Busines Plan Guidelines
  • Have a 10-minute presentation that clearly outlines your proposed business plan and focuses on what an investor wishes to see
  • Score a minimum of CLBlevel of 7 for English language proficiency or NCLCof 7 for French language skills in all four abilities, including reading, writing, listening and speaking.
  • Have at least 34% of ownership if your business is located in an urban centre or at least 51of % ownership if business is located in any regional area outside CMAs, i.e., Calgary and Edmonton Census Metropolitan Areas.
  • Have a minimum level of investment from your spouse or common-law partner own equity or from any Canadian financial institution, angel investor or venture capital before coming to Alberta. For an urban centre, the minimum requirement is $100,000, while for a regional area, it’s $50,000.
  • Have a recommendation letter from a designated agency, which is approved by AINP.
  • Demonstrate that you have enough funds to set up your business and support yourself while you have a work permit and launching your start-up.

Self-Employed Farmer Stream

This stream is ideal for entrepreneurs with farm management experience and financial resources. Under this stream, you can set up a new farm or purchase an existing one in Alberta.

To apply under this stream, you must submit your application along with a proposed business plan. The Alberta Agriculture and Forestry then review your plan and ensure that it’s feasible and viable, and meets Alberta’s agriculture industry needs and demands.

Eligibility Criteria - Self-Employed Farmer Stream

To qualify for this stream, you must:

  • Have farm management skills and as proof must submit financial documentation of your existing farm business, education, training and work experience
  • Have a proposed business plan for a farming business you are planning to set up or own in Alberta
  • Have a proof that a financial institution in Canada is willing to finance your farming business
  • Be capable of investing at least CDN $500,000 of equity in your key production farming business
  • Show a net worth of at least CDN $500,000, or a confirmation of an access to a similar amount from any other source
  • Have a proposed business and investement plan and submit it along with your application to the AINP.

To confirm your eligibility for Canada immigration as an entrepreneur and move to Alberta permanently, take our free profile assessment today! Or, you may get in touch with our team of advisors on a Toll-Free Number- 78-18-000-777 or send your queries at info@visasavenue.com.

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