The new immigration route for qualified international graduates from outside Canada has now shown interest from eligible candidates.
The overseas graduate launch visa stream was launched on January 27, 2021, and Alberta Immigrant Candidate Program (AINP) accepts applications, confirmed by a spokesman for the Minister of Labor and Immigration of Alberta in an email CIC News.
To qualify for the Foreign Graduate Start-up Visa Stream (FGSVS), candidates must have graduated from a post-secondary institution outside of Canada within the last 2 years. Certificate of Education Equivalent to a Canadian title.
Candidates must also have other criteria:
- At least 6 months full-time work experience in the management or ownership of a business or work experience with a business incubator or business accelerator;
- A business plan with financial forecasts;
- The 10-minute presentation of the proposed business focuses on what investors want to see;
- Minimum CLB level 7 for each skill in English or 7 CLB level for each skill in French;
- Ability to show ownership of at least 34% or 51% if their business is located in an urban center outside Alberta’s two major cities, Calgary and Edmonton;
- Minimum amount of investment from the applicant’s own stock, authorized Canadian financial institution, venture capital or angel investment firm prior to coming to Alberta.
- Letter of recommendation from AINP-approved designated company;
- The ability to prove that they have the funds they need to set up their business and support themselves when they start their startup.
Submission of EOI
Expression of Interest (EOI) is not an application, but a means for interested candidates to know what they would like to consider for AINP Provincial appointment For permanent residence under a given settlement stream.
Candidates are invited to submit their EOI by accessing the AINP portal. They will be asked to answer many questions online regarding their education, work experience and proficiency in English or French. The profiles will then be given a ranking score based on the FGSVS points phase, and the number of the highest scoring candidates will be called to submit a business application.
AINP states that it has no package allocation for applications and “reserves the right to limit application intake and provincial recommendations under this stream.”
In addition to the new stream launched in recent days, AINP offers two more streams for entrepreneurs interested in buying or starting a business in Alberta:
- The Alberta Self-Employed Farmer Stream, Targeting applicants with farm management skills and sufficient financial resources to invest in an agribusiness business in Alberta;
- International Graduate Entrepreneurial Immigration Stream for Recent International Student Graduates from Postgraduate Secondary to Alberta.
© CIC News All rights reserved. Visit CanadaVisa.com Discover your Canadian immigration options.