Canada continues to stand out as one of the preferred destinations for international investors seeking security and opportunity. Currently, where some restrictions have been converging at the commercial level, this country offers stability in its legislation, which can be very attractive for investors in search of new markets. Among its migratory pathways, the Provincial Nominee Programs (PNPs) offer a strategic and unique route for entrepreneurs, business owners and investors who want to settle in specific regions of the country. These programs not only boost economic development at the regional level, in areas of growth in recent years, but also offer applicants a clear and, in many cases, faster path to permanent residency.

​What are Provincial Nominee Programs (PNPs)?

PNPs are immigration programs jointly administered by the federal government and each province or territory (except Quebec and Nunavut). They allow provinces to nominate candidates who meet their specific economic and demographic needs.

For immigrants with a business profile, many PNPs include immigration streams for entrepreneurs or investors designed to attract foreign capital.

Why Should Investors care about PNPs?

1. Regional Economic Incentives
   Several provinces offer incentives for investment in key sectors such as agriculture, technology, tourism, and manufacturing. Investors can benefit from regional tax credits, land or rental facilities, and direct support from economic development offices.

2. Lower Investment Requirements Compared to other Federal Programs
   Unlike the suspended federal investor program, many PNPs require more accessible investment and equity amounts, making them attractive to a wider range of international investors.

3. Path to Permanent Residency
   Successful applicants through business PNPs typically initially receive a work permit, followed by a provincial nomination, and subsequently permanent residency under the federal immigration system.

4. Customized fit
   PNPs offer a more personalized immigration route tailored to regional needs, which often translates into better approval rates. For example, smaller provinces such as Prince Edward Island (PEI) or New Brunswick are implementing active strategies to attract foreign investors as a way to stimulate economic development and counter demographic challenges.

These provinces face an aging population, low population density, and, in some cases, a shortage of ventures in key sectors such as tourism, fishing, technology, agribusiness, and retail.

Both provinces have designed specific streams within their Provincial Nominee Programs (PNP) aimed at entrepreneurs with experience and financial capacity:

◽​​ Prince Edward Island (PEI) – Work Permit Stream

This stream is aimed at investors who want to establish, operate, and manage a business in PEI. It requires a viable business plan, a minimum investment of CAD $150,000, and the applicant's active participation in day-to-day management. PEI particularly values projects that generate local employment and strengthen sectors such as rural tourism, agriculture or community services.

◽​​ New Brunswick – Business Immigration Stream

In this case, the applicant must submit an expression of interest (EOI), have experience as a business owner or manager, and be willing to invest at least CAD $150,000 in an eligible business. One of the attractions of this program is the possibility of establishing themselves in intermediate cities with high growth potential, such as Moncton, Saint John or Fredericton, where the cost of living is lower and there is support for new businesses.

These provinces not only offer more affordable investment options compared to big cities, but they also boast a great lifestyle, less competition, and a welcoming vibe for immigrant families. Plus, they often have support programs, mentoring, and services to help new entrepreneurs settle in.

However, other economically dynamic provinces, such as British Columbia and Ontario, have designed specific streams within their Provincial Nominee Programs (PNPs) to attract foreign entrepreneurs with experience and capital. These provinces seek not only investment, but also job creation, innovation, and the establishment of sustainable businesses that contribute to regional economic development.

◽​ British Colombia – Entrepreneur Immigration Stream

This program is aimed at entrepreneurs who wish to start or acquire a business in British Columbia. The province offers two options: a general stream and a pilot stream for smaller communities.

• Base Category: Requires a minimum investment of CAD $200,000 and a minimum net worth of CAD $600,000. The applicant must have business experience, be actively involved in the management of the business, and create at least one full-time job for a Canadian resident.

• Regional Pilot: Aimed at communities of less than 75,000 inhabitants who want to attract new businesses. It requires a minimum investment of CAD $100,000 and a net worth of at least CAD $300,000. In addition, it is mandatory to visit the community before applying.

British Columbia particularly values projects in sectors such as clean technology, advanced manufacturing, sustainable tourism, and community services. Upon completion of a performance agreement, the applicant can get a provincial nomination and move towards permanent residency.

◽​ Ontario – Entrepreneur Stream

Ontario, the country's most populous province and Canada's financial center, offers its own stream for entrepreneurs through the Ontario Immigrant Nominee Program (OINP). It is aimed at investors interested in establishing themselves in or outside the Greater Toronto Area (GTA).

• Investment and Equity: A minimum investment of CAD $600,000 and a net worth of CAD $800,000 are required under the GTA. Outside of the GTA, or for businesses in the ICT or digital sectors, it is reduced to a minimum investment of CAD $200,000 and net worth of CAD $400,000.

• Additional Requirements: At least 24 months of business experience in the last five years, creation of 1 or 2 jobs (depending on the region), and be actively involved in the business.

Ontario is really focused on sectors like tech, fintech, health, education, logistics, and the green economy. Once the business plan is approved, the applicant receives a work permit and, after hitting the set goals, can be nominated for permanent residency.

Family Inclusion and Integration Support:

Good news: Most PNPs let you include your spouse and kids, and many provinces offer services to help you settle in, like finding a place to live, schools, and general support.

Comparison Chart

Minimum investment required by Province

Canada's Provincial Nominee Programs offer much more than just a way to get permanent residency; they are a gateway to meaningful economic contribution and integration into vibrant and growing communities. For investors seeking regional growth and global opportunity, PNPs represent a smart and strategic choice.

How to get started?

• Conduct a market and region analysis to pick the right province.

• Put together a business plan aligned with the economic priorities of the region, we can connect you with the right people for that.

• Demonstrate business experience and sufficient financial capacity.

• Apply through the provincial government portal, participate in interviews, and comply with established performance agreements.

At Wexcan we support you at every stage. contact us today.

None of our posts on this blog constitute legal advice. For legal advice, we invite you to schedule a meeting here.