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What does PNP mean in Canadian immigration?
When you plan to immigrate to Canada, you could sometimes hear a popular term such as “PNP”. In this article, we’ll answer the question: What does PNP mean in Canadian immigration?
The Provincial Nominee Program (PNP) is a program designed to enable provinces and territories to nominate candidates for immigration to Canada. Each of Canada’s thirteen provinces and territories operates its own PNP program* with several streams which support the immigration of people who:
· wish to settle permanently in their province or territory
· meet its specific economic and demographic needs.
They target mainly 4 types of people: entrepreneurs/investors, skilled workers, semi-skilled workers and international student graduates.
What is PNP entrepreneur stream? How does it work?
Under the PNPs, the Entrepreneur Stream is a pathway to immigrate to Canada which allows business immigrants such as entrepreneurs or senior managers to come establish or acquire a business and settle in Canada with their family. Prospective applicants must go through a process involving several key steps. They will be required to first come to Canada on a work permit status to either establish or acquire their business and then, after having operated the business for a specific amount of time, they may apply for provincial nomination and permanent residence.
While the principal applicant is in Canada on a work permit, his or her family members will also be allowed to come work or study and enjoy the social benefits of living in the country.
The current provinces and territories offering entrepreneur programs are as follows: Ontario, British Columbia, Saskatchewan, Nova Scotia, Prince Edward Island, Manitoba, New Brunswick, Newfoundland & Labrador, Northwest Territories and Yukon.
Note: Quebec does have an entrepreneur program but with a different process.
Why choose provincial entrepreneur programs?
· Makes Canadian immigration accessible to prospective applicants having previous business or senior management experience;
· Low age, education and language requirements;
· Allows eligible dependents to come work and study in Canada before receiving permanent residency;
· Opportunity to invest and launch a business in one of the world’s leading industrialized countries;
· Does not require innovative business concepts;
Possibility to partner-up with other applicants to launch or acquire a business.
General requirements
Requirements vary from one province to another, however, below is an overview of the typical requirements:
· A minimum net worth ranging from Can$300,000 to Can$800,000;
· A minimum investment ranging from Can$100,000 to Can$600,000;
· A minimum of 2 years of management experience;
· Principal applicants must demonstrate a basic language proficiency level ranging from Canadian Language Benchmark 4 to 5, in either French or English;
· The investment made in Canada must lead to the creation of at least 1 or 2 jobs;
A detailed business plan will have to be provided.
Note: Requirements may change and other conditions may apply.
CJ Legal Services Vietnam
If you and your family want to immigrate to Canada, CJ Legal Services Vietnam can guide you through the immigration process to make your Canadian dreams become a reality. For more details, you can learn about the different business immigration programs which CJ Legal Services Vietnam offers: www.cjlstuvandinhcu.vn/quoc-gia/dinh-cu-canada. We can carefully review the eligibility criteria and program requirements and see which program is suitable for you and your family.
Telephone: (+84) 028 3821 6083
Email: info@cji-legal.com
Website: www.cjlstuvandinhcu.vn
Address: 18th floor, Unit 1802, Bitexco Financial Tower, No 2 Hai Trieu Street, Ben Nghe Ward, District 1, HCMC.
Source: Official Provincial Nominee Programs’ Websites.