Entrepreneurs from around the world wish to start a business in Canada due to its expanding economy. These entrepreneurs can find different immigration options available including the Rural Entrepreneur Stream of Alberta.

Entrepreneurs who would love to bring innovation, economic growth, and job opportunities to the community can now immigrate to Canada by starting or purchasing a business in one of the participating communities in Alberta. Moreover, these entrepreneurs will get benefits and opportunities for persistent business growth by demonstrating risk-taking abilities in starting a business.

Eligibility Criteria for this Stream

• Work Experience – A minimum of three years of business ownership or management experience is required.
• Education -An Education Credential Assessment (ECA) is required if you hold a high school diploma equivalent to Canada’s educational standard.
• Language -Language proficiency levels must be at least 4 in all language skills of Canadian Language Benchmarks (CLB) or Niveaux de compétencelinguistiquecanadiens (NCLC).
• Net Worth -Net worth must be at least $300,000 and the assets owned must be either your own or owned by your spouse or common-law partner.
• Business Investment – An equity investment of a minimum of $200,000 must come from your own and/or your spouse’s or common-law partner’s assets. More points are received if your investment is higher.
• Business Establishment– Business ownership must be at least 51% and Canada-based business partners must be citizens or permanent residents. Also, the business you purchase must be completely owned by you and must be eligible to operate.
• Job Creation – Newly established businesses must create at least one full-time job for Canadian citizens and permanent residents for at least six months. The more jobscreated; the more points earned.
• Community Support Letter -A letter of community support from one of the Alberta participating communities is required.

Factors that may enhance thechances for this Stream

• Economic Benefit – You are the successor to a business already in existence and eligible for succession in Alberta.
• Applicant Age -You are between the ages of 21 and 49.
• Spouse or Common-Law Partner -At least one year of full-time post-secondary education must have been completed by your spouse or common-law partner. A minimum level of 4 must be obtained by your spouse or common-law partner in the English skills of the Canadian Language Benchmark (CLB) and/or the French skills of the Niveaux de compétencelinguistiquecanadiens (NCLC).The date of your spouse’s or common-law partner’s test result should be no less than two years before the application deadline.
• Relatives in Alberta -Relatives in Alberta must be Canadian citizens or permanent residents.

Eligible Businesses for this Stream

To start a business in Alberta, you must show that the province will benefit from your business. Applicants who do not meet these criteria most likely receive a rejection.

In Alberta, business should associate with the following mentioned criteria:

• Selling goods and services must generate active income for your business.
• Depending on the business’s operations, it must follow the applicable federal, provincial, and municipal legal, regulatory, and licensing requirements.
• As you are setting up a business in Alberta, you are subject to its labour laws, such as standards of employment, occupational health, and safety legislation.
• Alberta’s trade certification requirements must be followed.
• There must be a physical store in the communities of Alberta for your business.
• Alberta residency and involvement in your business’ everyday operations are required.