The program allows foreign nationals to apply to work for themselves or to operate their own business. It is a requirement that they must demonstrate that their admission to Canada to operate their business would generate significant economic, social, or cultural opportunities for Canadian citizens / permanent residents.
The program also allows for applicants to start or buy a business and eventually stay in Canada on a permanent basis. There are many factors that determine what would be considered as a ‘significant benefit’.
Should be viable to provide economic stimulus and should be able to benefit Canadian or permanent resident workers.
Should be of a particular background that will improve the viability of the business
Owner should take some measures to put the business plan in action
Applicant should control at least 50% of the business in Canada
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