Business Research Visit | Business Intent | Guidelines for Preparation of the Summary of Business Intent | Eligible Business Investments | Deposits & Agreements | Sources of Funds | Notarized/Certified Document Copies | Substituted Evaluation
The Manitoba Provincial Nominee Program – Business (MPNP-B) is for individuals with proven business experience, sufficient available capital to invest, and who intend to establish and operate a new or existing business in Manitoba. The Province of Manitoba requires that applicants provide details of the business which they intend to undertake once they land in Manitoba.
The Summary of Business Intent is required for three reasons:
- A sound business intent is a good indication that the applicant has thought through the idea and has come up with a business plan to operate in Manitoba that will utilize his/her existing skills. The business intent should contain a well-thought out idea to demonstrate that the business has a reasonable chance of success.
- To assess whether the intended business meets the minimum investment requirements and that the applicant will have an active and ongoing role in the management of the business.
- To determine the terms and conditions of the Deposit Agreement under which the deposit will be released.