Easy Canada PR by Investment -Canada Immigration News Latest IRCC Updates

Introduction

So guys, if you’re looking for easy Canadian permanent residence by investment, then this blog post will be really helpful for you today because the program that I’m going to be discussing is getting a Canadian PR, which is permanent residence, by investing sums as low as $50,000 Canadian. This particular pathway has very low requirements in terms of education, experience, and language. This blog post is going to be extremely informational and will provide you with all the insights and the eligibility criteria that you need in order to clear this Canadian permanent pathway and get your Canadian permanent residence in the coming times.

Program Overview

The program that we are discussing today is the Alberta PNP Foreign Graduate Entrepreneur Stream. The specialty of this particular program is that it gives you a Canadian permanent resident nomination and can give you PR by investment. PR by investment starts as low as $50,000 Canadian dollars outside the urban areas and $100,000 Canadian dollars within the urban areas. The numbers can go higher, but there are other important eligibility criteria attached to this particular program which you should be aware of before moving forward.

Program Verticals

This particular program has three sets of verticals attached to it. The first one is the applicant’s eligibility requirements. Then there are requirements for the business you are about to set up in Canada, and finally, requirements around the designated agency. Just like the Startup Visa that Canada was using earlier, which has gained a lot of traction worldwide, this particular PNP pathway is a smaller version of the federal Startup Visa. While it’s not exactly the same, you’ll find many similarities.

Applicant’s Eligibility Requirements

Work Experience

The first and basic eligibility requirement is work experience. The applicant must have a minimum of six months of work experience, which could be inside or outside Canada. Preferably, this experience should involve managing a business, and it could also be owning the business. Actively owning and managing a business counts, and because six months is a relatively low requirement, you could be a new investor or a new businessperson. You could also be working with an accelerator or an incubator. The work experience requirement is quite flexible, and you can check the government’s website for more clarity. The more experience you have, the better it is in terms of points.

Education

The next requirement is education, which is also flexible. As the name suggests, this is a Foreign Graduate Entrepreneur Pathway, meaning you must have a graduate degree from a post-secondary institution outside Canada. Please note that this degree must have been completed in the last 10 years. This is a very specific requirement, so make sure your eligibility aligns with it.

Business Plan

A business plan is another important requirement. Along with the Expression of Interest application, you need to submit a business plan projecting the financials of the business. This is a crucial element and carries points.

Language Requirement

The language requirement is also relatively low. They are accepting four tests: two for English and two for French. For English, it’s CELPIP and IELTS; for French, it’s TEF and TCF. The requirement is CLB 5 for English and NCLC 5 for French, which is lower compared to other Canadian immigration pathways.

Pitch Deck

There is also a pitch deck requirement. This presentation from the applicant must lay out the business plan, financials, and future projections.

Investment and Settlement Funds

Investment criteria are quite flexible, expecting a minimum of $50,000 Canadian dollars for regional areas outside urban centers and $100,000 Canadian dollars within urban areas like Calgary and Edmonton. This amount can include your own equity, and additional borrowed funds or investments above this minimum are also acceptable.

Settlement funds are another requirement, and the amount needed increases with the number of applicants and the type of area you plan to live in.

Designated Agency and Letter of Recommendation

Another critical vertical is going through a designated agency and obtaining a letter of recommendation. So far, the Alberta government has accepted three agencies authorized to issue these letters. These agencies vet your program and eligibility to determine if you’re fit for the program. Once vetted, they issue you and your business plan a letter of recommendation.

We have recently partnered with one of the designated agencies and can assist you throughout the entire journey, from establishing eligibility to securing the letter of recommendation. After obtaining this, you enter the Expression of Interest pool. We’ll assist you with that process as well.

Application Process

Once the Alberta PNP authorities conduct a draw and invite your application, you’ll need to submit the letter of recommendation, business plan, pitch deck, financials, and eligibility documents. If the Alberta government is satisfied, they will issue a nomination certificate. Once issued, you can proceed to apply for your Canadian permanent residence.

Conclusion

This is pretty much the entire program, but please make sure you fit the eligibility requirements precisely. There are certain eligible and ineligible businesses you need to be mindful of, along with requirements for investment funds and settlement funds. This program is also open to those already running businesses in Alberta. The Alberta Foreign Graduate Entrepreneur Stream is a promising pathway and an interesting alternative to the federal Startup Visa program. This program is expected to help Alberta generate jobs and boost the local economy.

I hope this information was helpful and gave you valuable insights into Canadian immigration. Wishing you all the best, and I hope to see you soon in Canada. All the best!