Manitoba issued 150 Letters of Advice to Apply (LAAs) between January 5, 2016 and April 20, 2016 under the business investor stream. The majority of these qualified applicants are from china.
The stream operates on an Expression of Interest (EOI) system whereby prospective applicants submit their intention to apply to the program. The most qualified are invited to apply .Candidates have 60 days to submit their application to the program.
Out of the 150 a total of 110 Nomination Applications were received from applicants in the period January 4 to April 19, 2016.
The applicant is required to have a minimum verifiable personal net worth of CDN $350,000 and three years of successful business ownership and management experience or executive-level experience as senior manager of a business within the past five years.
In addition, applicants must attend an interview with an officer and conduct an exploratory visit to Manitoba. Applicants will need to provide proof of research conducted during the visit in the form of a visit report and other documents. Proof of language proficiency is also a requirement.
A minimum score of 60 points is required in the Adaptability Assessment Matrix. Invitations to apply were issued to individuals with scores ranging from 100 to some with a score of 82.
