On 16 February 2022, AINP (Alberta Immigration Nominee Program) was renamed and changed to AAIP (Alberta Advantage Immigration Program). In AAIP, entrepreneur Streams were also renamed.
Note: On April 3rd, 2023, the Alberta Advantage Immigration Program (AAIP) reduced the minimum investment for the Rural Entrepreneur Stream. The minimum investment needed now is $100,000. Earlier, it was $200,000.
Talking about entrepreneurs, play a very important role in Alberta’s economy by using their business skills and great initiative to anticipate needs and create jobs for Albertans. Entrepreneurs are all about taking risks in establishing a business but Alberta entrepreneurs prove to be successful in taking on the risks.
Alberta Entrepreneur Stream
Rural Entrepreneur is a Stream of Alberta Advantage Immigration Program, in which entrepreneurs who want to start and buy an existing business in a rural Alberta designated community can submit an expression of interest.
Eligibility Criteria of Alberta Entrepreneur Stream
- Work Experience
- Educational Qualifications
- Language proficiency
- Net worth
- Business investment
- Business establishment
- Job creation
- Community Support letter
What is the eligibility requirement for Alberta Entrepreneur Stream?
- A candidate who has 3 years of experience as an active business owner or a candidate who has 4 years of experience as a senior manager within the past 10 years.
- Candidates who have completed high school which is equivalent to the Canadian standard and certified with an ECA.
- Candidate who has a minimum CLB level of 4 for each English and French (reading, writing, listening, and speaking)
- Candidate must have a higher investment of $100,000 of their own and spouse/common laws
- A candidate whose minimum net worth is $300,000
- Candidates require a minimum of 51% ownership for a new business
- Candidates who have a community support letter from a participating rural Alberta community can apply for this stream
- a candidate whose age is 21 to 49 may apply for the Rural Entrepreneur Stream.
Factors to increase your chance of receiving a request to submit an Application
- If the Age of the candidates lies between 21 to 49 it can increase the chances of receiving a request
- If your Spouse/common Law partner has at least one year of full-time post-secondary education or a minimum CLB level of 4 in English and French, then it can increase your chances.
- If you have relatives (stepfather, mother, stepmother, child or stepchild, sister or step-sister, and brother or stepbrother) in Alberta as permanent residents then this can increase your chances.
How to Apply through this Alberta Entrepreneur Stream?
- Read the terms and conditions of AAIP
- Alberta Advantage Immigration Program reserves the right to close Application intake for any AAIP stream, category, pathway, stream, or pilot at any time without giving notice.
- If a candidate may not be economically established then AAIP has the right to decline the application.
- Review the eligibility criteria
- Before submitting an Expression of interest, candidates should review the eligibility criteria.
- Before submitting an Expression of interest, candidates should review the eligibility criteria.
- Submit an Expression of Interest (EOI)
- Candidates should meet the criteria of Rural Entrepreneur Stream before Submitting the Expression of Interest.
- Note that the rural entrepreneur stream business application form is not available online, the only candidate who receives a request to submit the application will be able to access the AAIP portal.
- The official portal name is MyAlberta Digital ID (MADI).
- Entrepreneur will Submit the Business Application Package
- You can submit the business application package online after receiving the request to submit it.
- Upload the required Rural Entrepreneur Stream – Business Application Document Checklist document and forms in the AAIP official portal
- And lastly, pay the $3,500 non-refundable fee.
- Business Application Assessment
- After receiving the business application package, AAIP will assess your application. But note that there is no guarantee that all the candidates who meet the criteria will be issued a nomination.
- Note that AAIP will contact you, you should have to answer otherwise they will decline your Application.
- Establish your own business in Alberta
- Relocate in a rural Alberta Community
- Operate a business in a rural Alberta community for at least 12 months or more with at least 51% ownership in establishing a new business or 100% ownership.
- Candidate should meet all the conditions of the business performance Agreement
- Show that the business is operating successfully by giving products or services after one year of operation
- After demonstrating all the conditions, submit the final report for the nomination.
- Final Report For Nomination
- Candidates can apply to be nominated by the AAIP for permanent residency if they satisfy all the conditions of the business performance Agreement
When to Apply For PR through Alberta Entrepreneur Stream?
After you are nominated under the Rural Entrepreneur Stream you must apply for permanent residence within 6 months. Candidates must maintain the status to live and work in Alberta While their application for Permanent residence is in process.
Note that AAIP will immediately withdraw your nomination if you no longer meet the requirements and conditions of the nomination. Don’t try to mislead the information in your AAIP business Application
Step 1. Candidate must review the nomination Package:
The nomination will be sent to you by email, carefully read each and everything in the package carefully. Contact the program officer if any mistakes you find on your nomination and make a copy of your nomination for your personal records. IRCC may ask you to provide a copy of this nomination certificate to renew your work permit.
Step 2. Be ready with your Permanent residence application ready
Be quick with Applying for IRCC because the nomination certificates are valid only for 6 months. The sooner you apply the sooner you can get an Acknowledgement of Receipt of your application from the IRCC file number.
Step 3. Candidates must submit the application online:
Apply online to submit the application for permanent residence.
Also read this about Express Entry Federal Skilled Worker Program (FSWP)
Alberta Entrepreneur Stream Expression of interest pool
In Alberta Entrepreneur stream candidates must submit a profile to an Expression of interest pool and on this basis points are Awarded accordingly on the Rural Entrepreneur Stream Points Grid. EOI information includes a business proposal summary, net worth worksheet, and community support letter, it will be assessed and points will be awarded by the AAIP.
Alberta Entrepreneur Stream Points Grid
Alberta Entrepreneur Stream (Rural factor 25 points)
| Selecting Criteria | Descriptions | Points Allocated |
|---|---|---|
Bussiness Location
| Rural Community Community outside the Edmonton and Calgary Census Metropolitan Areas and under 100,000 population size (mandatory minimum) | |
| Tier 1: less than 10,000 population | 25 points | |
| Tier 2: in between 10,001 to 50,000 population | 17 points | |
| Tier 3: in between 50,001 to 99,999 population | 10 points | |
Alberta Entrepreneur Stream (Business Experience Factor 20 points)
| Selecting Criteria | Descriptions | Points Allocated |
|---|---|---|
Business owner-manager and senior manager with past 10 years experience
| For Business owner manager | |
| In between 3 to 4 years | 12 points | |
| In between 4 to 5 years | 16 points | |
| More than 5 years | 20 points | |
| For the senior manager | ||
| In between 4 to 5 years | 12 Points | |
| In between 5 to 6 years | 16 Points | |
| More than 6 years | 20 Points | |
Alberta Entrepreneur Stream (Business Establishment Factor 60 Points)
On April 3rd, 2023, the Alberta Advantage Immigration Program (AAIP) reduced to $100,000 from $200,000.
| Selecting Criteria | Descriptions | Points Allocated |
|---|---|---|
| Overall business investment | $100,000 | 5 points |
| Net worth | In between $400,000 to $599,999 | 10 points |
| In between $600,000 to $799,999 | 15 points | |
| More than $800,000 | 20 points | |
| In between $300,000 to $399,999 | 6 points | |
| In between $400,000 to $499,999 | 8 Points | |
| More than $500,000 | 10 Points | |
| Job creation | 1 job ( mandatory minimum ) | 4 Points |
| 2 jobs | 8 Points | |
| 3 jobs | 12 Points | |
| 4 jobs | 16 Points | |
| 5 jobs or more | 20 Points | |
| Business succession | Overall investment to take over an existing business | 10 Points |
Alberta Entrepreneur Stream (Human Capital factors 35 points)
| Selecting Criteria | Descriptions | Points Allocated |
|---|---|---|
Language skills
| Skills in English and French | |
| CLB or NCLC 4 for each reading, writing, learning, and speaking | 15 Points | |
| CLB or NCLC 5 for each reading, writing, learning, and speaking | 20 Points | |
| CLB or NCLC 6 for each reading, writing, learning, and speaking | 25 Points | |
| Education | Requires high school Diploma equivalent to Canadian | 4 points |
| Bachelor’s degree or higher | 7 points | |
| Bachelor degree or higher | 10 points | |
Alberta Entrepreneur Stream (Adaptability Factors 35 points )
| Selecting Criteria | Descriptions | Points Allocated |
|---|---|---|
| Past 10 years of Canada/Alberta experience from work or studies (Maximum of 15 points) Not a mandatory requirement | In rural Alberta | |
| 12 to 24 months | 10 points | |
| More than 24 months | 15 points | |
| and/or Education: | ||
| 18 to 30 months | 6 points | |
| 30 months or more | 10 points | |
| Relatives are defined as father, stepfather, mother, stepmother, etc. | ||
| 24 to 36 months | 3 points | |
| More than 36 months | 5 points | |
| Relative(s) in the community or Alberta (Maximum 10 points) Not a mandatory requirement | Relatives are defined as father, stepfather, mother, stepmother, etc. | |
| Relatives who are living in Alberta | ||
| Relatives who are living in the community where you intend to reside and operate a business | 10 points | |
| Spouse’s/Common-law partner’s Language skills or Education (Maximum of 5 points) Not a mandatory requirement | Skills in English or French: | |
| CLB or NCLC 4 (4 for each Reading, Writing, Learning and Speaking) | 3 points | |
| CLB or NCLC 5 (5 for each Reading, Writing, Learning and Speaking) | 4 points | |
| CLB or NCLC 6 or higher (6 or higher for each Reading, Writing, Learning and Speaking) | 5 points | |
| and/or Education: | ||
| Certificate in Associate Degree or Diploma (at least one year) | 3 points | |
| Bachelor’s degree or higher | 5 points | |
| Age (Maximum of 5 points) Not a mandatory requirement | 21 to 49 | 5 points |
| Maximum Points | 175 | |
Click here! Also read this about Express Entry Federal Skilled Worker Program (FSWP)
