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Manitoba’s New Business Investment Stream (BIS) will open with new Changes in 1st Quarter of 2018

Posted - 22, Dec 2017

Manitoba- a key Canadian province has announced some crucial changes to its existing Manitoba Provincial Nominee Program-Business (MBNP) stream. This particular business stream will now be called as the Business Investment Stream (BIS). The new stream will be divided into two key pathways, i.e. Entrepreneur Pathway and a Farm Investor Pathway. Lets know more about this new stream.

Business Investment Stream (BIS) of MPNP

Manitoba Provincial Nominee Program (MPNP) is one of the most popular immigration programs in Canada and changes to its business stream were on cards for quite some time now. The existing stream at now has been closed by the provincial government for the new EOIs (Expression of Interests). It will now be replaced by new BIS stream, which will be functional in the first quarter of the next year (probably in March 2018).

Also read- Atlantic Immigration Pilot Program is looking to attract new immigrants to Atlantic region

New Changes in the BIS

The Business Investment Stream of Manitoba Provincial Nominee Program (MPNP) shall hire and nominate competent business investors and entrepreneurs from across the planet, who have the aspiration and capability to begin or buy a businesses in the province of Manitoba. Such BIS applicants will have to begin or buy a businesses in Manitoba within first 24 months of their entrance in Canada on a temporary work permit. These candidates will no longer need to submit a prior sum of $100,000 to the provincial government of Manitoba.

In place of deposit, the candidates will have to sign an agreement (i.e. Business Performance Agreement) for establishing a new business or starting a new one. Consequently, the Manitoba Provincial Nominee Program shall issue a letter of support to the applicant for temporary work permit. The new changes in MPNP business stream shall make certain that the new applicant investors are making investment in a business that create significant jobs in the province and hence, make valuable contribution to the economy of the city.

Key Pathways of BIS

The BIS will have two key pathways:
  • The Entrepreneur Pathway for candidates looking to open a business in province of Manitoba
  • The Farm Investor Pathway for the people willing to set up and control the farm operations in a rural area Manitoba.

The rest of the points or criteria about this new Business Investor Stream (BIS) shall be revealed in first month of 2018, i.e. January.

Also read- Canada Immigration Plan 2018-2020- About 60% immigrants will be invited Under Skilled Worker & Business Category

Lastly, if you seek documentation assistance for Canada PR Visa program, you may contact Visas Avenue immigration expert on Toll-Free Number- 78-18-000-777. Alternatively, e-mail your Canada immigration associated queries to Visas Avenue e-mail id- [email protected]. Visas Avenue is the top and registered Visa and Immigration Documentation Consultancy Firm in India that every year provides vital documentation assistance to hundreds of applicants applying their Permanent Residency (PR) visa in Canada.

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