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Programme guides · British Columbia BC PNP Entrepreneur Immigration · Alberta AAIP Foreign Graduate Entrepreneur Stream

What Is the Business Performance Agreement in Canadian Entrepreneur Immigration?

Written by Global Immigrate consultants · Reviewed by Oscar Yip, Founder & Managing Director

Summary

Entrepreneur streams in provinces such as British Columbia and Alberta require a performance agreement setting out investment, operating and hiring commitments; nomination follows once they are met. What it covers, requirements while operating, the final report and setting targets.

What the agreement does

Canadian provincial entrepreneur streams generally follow a "work permit first, nomination later" model. On approval you sign a performance agreement covering:

Item Content
Investment Amount and timing
Operations The business and its location
Hiring Staff commitments, where applicable
Management Your day-to-day role

While operating

  • Complete the investment and open on schedule
  • Submit progress reports
  • Keep full financial and operating records
  • Take part in day-to-day management yourself

The final report

Once you meet the terms, submit a final report. After verification the province issues a nomination, and you apply federally for permanent residence.

Setting targets

  1. Be realistic: assess the market, costs and hiring before signing.
  2. Leave a buffer: don’t set targets at the limit of what’s possible.
  3. Fit the timeline: investment and hiring timing must be achievable.

Provinces compared

Province Operating period
British Columbia About four years from registration to PR
Alberta FGES At least 12 months on a two-year work permit

FAQ

What if I miss the targets?

It can affect your nomination under each province’s rules, so set targets conservatively.

Can the agreement be changed?

Under each province’s rules, generally by prior request.

Can I leave Canada while operating?

You must manage the business yourself; long absences can affect the assessment.

Sources

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