If your Application for Nomination is approved by Manitoba, you will be required to make a CDN $100,000 deposit to the Government of Manitoba, guaranteeing that you will live in Manitoba and start or purchase a business in Manitoba. The deposit will be refunded to you when the investment described in your Deposit Agreement is made, your business is operational and you are living in Manitoba. The Deposit Agreement ensures that the applicant understands the commitment to Manitoba.
Tag Archives: MPNP-B Business Investment
When do I deposit the CDN $100,000?
After you have been approved by MPNP-B, you will be given detailed instructions, including bank information, to make a deposit of the CDN $100,000 to the Government of Manitoba.
When is the CDN$100,000 Deposit released?
You have two years from the date of landing to fulfill the requirements of the Deposit Agreement. Once you have met the terms and conditions specified in your Deposit Agreement, your CDN$100,000 deposit will be returned to you in full, without interest. Deposits are released to you only at your current address or may be wired to your account upon request. Any changes to the Deposit Agreement must be discussed and approved by the PNP-B’s Business Settlement Office before proceeding with any other business.
What kind of businesses will not be considered?
Please refer to the Eligible Business Investments section of the MPNP-B website for specific information.
Please note that if your intention is to establish a primary production farming operation, you are not eligible to apply through this regular business stream of the Provincial Nominee Program for Business (PNP-B). You must apply through the Farm Strategic Recruitment Initiative (FSRI) which is a special initiative of the PNP-B for farm business applicants.
May I change my plans for my business venture after I arrive in Manitoba?
You may do so only with the approval of the Business Settlement Office. You will be required to contact the Business Settlement Office for counseling and guidance as soon as you think you may have difficulty fulfilling, and/or need to change, your business plans.
What if I need more time than the two years after landing to establish my business?
An extension may be granted depending on your circumstances and what kinds of activities you had undertaken within the two-year period. Extensions are not automatically granted unless requested for with an adequate explanation as to why the extension should be granted.
What if I am unable to proceed with my business venture in Manitoba?
If the business intent or project does not go ahead, or another approved project involving comparable levels of investment is not undertaken, your CDN$100,000 deposit may be retained by the Government of Manitoba.
Does the MPNP-B assist Nominees to identify specific business opportunities in Manitoba? What is a good business to invest in?
As a government entity, the MPNP-B does not endorse or advertise directly or indirectly any business opportunities. The MPNP-B does not have a list of businesses for sale. However, through the counselling services by the Business Settlement Office, the MPNP-B will provide you with the necessary information and knowledge that will allow you to undertake independent research for business opportunities in Manitoba. Manitoba has a very diverse economy with business opportunities in a variety of economic sectors. We encourage you to conduct as much research as possible to identify opportunities across the broad spectrum of businesses operating in the Manitoba economy.