Eligible Business Investments

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Business Investments will not be eligible if they do not meet the program's requirements for investment and business activities.

Investment

1. The Investment from the Nominee's personal assets should be with no less than $150,000 in tangible assets** in Manitoba, unless the Investment includes a portion of working capital that is in conformity with the industry's capital investment structure defined by statistics from Industry Canada, and the total investment including working capital is no less than $150,000.

2. If an Investment is into an existing business, the Nominee must control at least 33.33% of the equity, or make a minimum $1 million equity investment in the business. In addition, a redemption option should not be included in terms of investment.

3. Investment into personal items such as the principal residence and motor vehicles for personal use will not be counted as part of business investment.

4. Investments into a business operated primarily for the purposes of deriving passive investment income are not eligible.

Business Activities

1. A business entity should have ongoing and recurring business activities in Manitoba.

2. The Nominee is required to actively participate in the management of the business on an ongoing basis from within Manitoba.

3. The business must be legal and viable in Manitoba's economic environment, and the applicant should have necessary resources and skills to operate such a business.

4. The Program requires the Nominee to conduct value-added business activities in Manitoba. Purely speculative activities do not quality under the Program.

**Tangible assets are items such as land, buildings, motor vehicles, furniture, office equipment, computers, fixtures and fittings, machinery, and inventory, etc.

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