Because they create employment opportunities and contribute to the Canadian economy, entrepreneurs are encouraged to apply for this immigration stream. Successful applicants are able to open a business in Canada, as well as gain permanent residence status in the country.

Requirements for Entrepreneurs

To qualify for the Entrepreneur Program, applicants must:

• Establish, purchase or make a substantial investment in a business in Canada within 2 years of landing in Canada which will result in a significant contribution to the economy.
• Engage in active and ongoing participation in the management of the business.
• Employ at least one Canadian citizen or permanent resident other than the entrepreneur and his dependents.

To ensure that these conditions are met, entrepreneurs are required to report to immigration officials their progress, on a regular basis within this two year period.