Manitoba's renewed Business Investor Stream has opened to new expressions of interest. The Manitoba Provincial Nominee Program (MPNP) announced the stream’s opening on May 18.
The (BIS) allows Manitoba to recruit and nominate qualified business investors and entrepreneurs who have the intent and ability to start or purchase a business in Manitoba.
Manitoba’s previous business stream, the MPNP-B, was replaced by the BIS as part of a broader renewal and restructuring of Manitoba’s immigrant nominee program.
The revamped BIS has two pathways for interested foreign investors: The Entrepreneur path way and the Farm investor pathway.
The Entrepreneur Pathway allows Manitoba to recruit and nominate qualified business professionals from overseas who have the intention and financial capacity to move to the province and establish or purchase a business, or create a partnership with an existing business in Manitoba.
The Farm Investor Pathway replaces the old Farm Strategic Recruitment Initiative and allows foreign investors with farm business experience and sufficient capital to establish and operate a farm in the province.
Both pathways are linked to Manitoba's Expression of Interest (EOI) and require applicants to first create an online profile with the MPNP.
The profiles of eligible candidates are placed in the BIS EOI pool with other eligible candidates, and are assigned a score based on answers provided. Candidates are ranked according to their point total under the unique BIS Adaptability Assessment Matrix.
The highest-scoring candidates are invited to apply to the BIS in the form of a Letter of Advice to Apply (LAA). After receiving a LAA, candidates will have only 60 days to submit a complete application to the Government of Manitoba.
