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Immigration to Canada
Provincial Nominee Program (PNP)
Personal Net worth not up to minimum requirement, but in 6 figures, what are my chances?
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<blockquote data-quote="arunb" data-source="post: 750" data-attributes="member: 523"><p>Hi,</p><p></p><p>I am a director in my family owned company in India, and have been handling the technical, marketing & sales aspect of the business. I have 5 workers under me, who report to me. I have been in this job for 15 years now. I own 40% of the company</p><p></p><p>I have a valid visa to Canada & have been there twice in the past few years. I would like to open a new company there that will be used to sell products manufactured in the Indian company, both within Canada & USA. We already have customers there in USA & Latin America. We would also like to expand into the Canadian market as well, which is yet un-tapped by us.</p><p> </p><p>My company has the funds to invest in Canada, Ontario or BC. However my personal net worth is lower than the expected 400,000- 600,000 CAD. It is 275,000 CAD. This includes all my assets, money in bank, shares etc. Only the North West territories province meets my net worth, however the Business PNP scheme is closed indefinitely.</p><p> </p><p>Do I still have any chance in getting into the PNP scheme in Ontario or BC?? Maybe any other ??</p><p></p><p>I am also considering Startup Visa option, do you think I will qualify in that??</p><p></p><p>Thanks</p><p>a</p></blockquote><p></p>
[QUOTE="arunb, post: 750, member: 523"] Hi, I am a director in my family owned company in India, and have been handling the technical, marketing & sales aspect of the business. I have 5 workers under me, who report to me. I have been in this job for 15 years now. I own 40% of the company I have a valid visa to Canada & have been there twice in the past few years. I would like to open a new company there that will be used to sell products manufactured in the Indian company, both within Canada & USA. We already have customers there in USA & Latin America. We would also like to expand into the Canadian market as well, which is yet un-tapped by us. My company has the funds to invest in Canada, Ontario or BC. However my personal net worth is lower than the expected 400,000- 600,000 CAD. It is 275,000 CAD. This includes all my assets, money in bank, shares etc. Only the North West territories province meets my net worth, however the Business PNP scheme is closed indefinitely. Do I still have any chance in getting into the PNP scheme in Ontario or BC?? Maybe any other ?? I am also considering Startup Visa option, do you think I will qualify in that?? Thanks a [/QUOTE]
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