BC Entrepreneur Immigration
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As the province establishes nomination targets for the program, priority is given to candidates demonstrating the highest potential under a scoring system, to create a successful business and to contribute significant economic benefits to the province.
The Entrepreneur immigration stream targets senior managers or business owners who wish to invest in British Columbia businesses.
The Eligibility Requirements
- The personal net worth of minimum $600,000.
- Invest minimum $200,000 in an eligible new business or to purchase and improve an existing business in BC.
- Create at least one new full-time job in your business for a Canadian citizen or a permanent resident.
- Canadian Language Benchmark (CLB) Level 4 In English or French in each of the four competencies: listening 4.5, speaking 4, reading 3.5 and writing 4.
- Suitable business and/or management experience.
- Have, or be eligible for, legal temporary immigration status in Canada.
- Have been lawfully admitted to the country where you currently reside.
The Application Process
There are several stages for acquiring a permanent residence and settling in British Columbia through the Entrepreneur Stream:
Step 1. Registration
Complete an online registration including a short business concept and pay the non-refundable registration fee. Candidates are scored on the information they provide and are placed in a pool for six months or 180 days, or until they receive an invitation.
Step 2. Invitation
British Columbia carries out regular draws, on average one each month for the Entrepreneur stream. Candidates who are invited to apply have four months to submit a complete application. The score takes into account English language ability, age and Canadian work experience. Candidates can improve their score while in the pool, including by submitting a new business concept.
Step. 3 Net Worth Review
Candidates receiving an invitation to apply will have their net worth reviewed by a qualified supplier, who is a professional chartered accountant. The review includes the amount and source of funds and supporting documents. The candidate is responsible for all costs.
Step 4. Application
Candidates have four months, or 120 days, to submit an application once an invitation is received. Candidates may be required to attend an interview. Approved applicants must sign a performance agreement with B.C. They then have 20 months, or 610 days to implement their business proposal.
Step 5. Building the Business
Candidates get a letter of support from B.C. to apply to Immigration, Refugees and Citizenship Canada for a two-year work permit. Candidates and their dependents must arrive in B.C. with a valid work permit within 12 months, or 365 days, of receiving a letter of confirmation. The 20 months to implement the business starts when the candidate lands. At the end of the period, candidates must submit a final report to the British Columbia Provincial Nominee Program.
Step 6. Nomination for Permanent Residence
Candidates who meet the terms of their performance agreement are nominated for Canadian permanent residence by B.C. Dependents (if applicable) will also receive nominations.
Registration Scoring Guide
Many sections of the registration have minimum eligibility scores. You must meet the minimum eligibility scores in each section to be entered into the qualified pool.
The BC Provincial Nominee Program (BC PNP) introduced the Entrepreneur Immigration – Regional Pilot Program on November 21, 2018. The minimum eligible personal investment is $100,000. Participating community in which you intend to establish a business in B.C. has to meet the following requirements:
- Community population must be less than 75,000
- The community has to be 30 km away from a city center with a population of more than 75,000
- The community has to be eligible to support new businesses
- A minimum of $300,000 in personal net worth
- You must have a post-secondary degree or diploma, or experience as an active business owner-manager with 100 per cent ownership of the business for at least three of the past five years.
- Minimum requirements in IELTS score: 3.5 in reading, 4.0 in writing, 4.5 in listening, and 4.0 in speaking
- Within last 5 years, at least either 3+ years of experience as a business owner-manager, OR, 4+ years of experience as a senior manager, OR, a combination of 1+ year of experience as a business owner-manager and 2+ years of experience as a senior manager
- You must make an exploratory visit to the community in which you intend to establish a business in B.C. before you can request for a referral from the community. You must obtain a referral in order to submit a registration to the BC PNP under the EI – Regional Pilot.
- The minimum investment amount is 100,000 Canadian dollars, and your business ownership percentage is no less than 51 per cent.
- You must establish a new business. Purchase of an existing business or business assets does not meet the requirement. At least one new permanent full-time equivalent (FTE) job must be created in the proposed business
- The system score shall be no lower than 105 points.
- You must reside within the boundaries of the community for at least 75 per cent of the time while on a work permit.
- After obtaining the work permit, you need to conduct business in the community for at least 12 months before submitting the application for provincial nomination.
Please be noted that you will only be eligible to submit a registration after obtaining a referral from the community. You must also reside in the community for at 75% of the time.
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