Table of Contents

1 British Columbia PNP Business category

British Columbia PNP Business category

British Columbia Business Immigration

The Entrepreneur Immigration stream of the BC Provincial Nominee Program (BC PNP) is a path to immigrate to Canada and settle in B.C. for experienced entrepreneurs who can support innovation and economic growth in the province.

The BC PNP Business category is aimed at high net worth individuals who wish to invest and operate a business in British Columbia and eventually settle in the province. The streams include:

Entrepreneur Immigration.
Entrepreneur Immigration – Regional Pilot.
Strategic Projects.

British Columbia Entrepreneur Immigration Stream

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.

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Eligibility Requirements

The personal net worth of minimum $600,000
Invest at least $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.
Previous 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.

British Columbia Entrepreneur Immigration Stream Application Process

There are several stages for acquiring permanent residence and settling in British Columbia through the Entrepreneur Stream

1. Registration

Complete an online registration including a short business concept and pay a non-refundable fee of $300. 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.

2. Invitation

BC regularly draws from the qualified pool to invite candidates to apply. The 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.

3. Net Worth Review

Candidates who have received an invitation must have a BC PNP-authorized accounting firm must review your personal net worth and verify accumulation of funds. The review includes the amount and source of funds and supporting documents. The candidate is responsible for all costs.

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.

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.

6. Nomination for Permanent Residence

Candidates who meet the terms of their performance agreement are nominated for Canadian permanent residence by B.C. Dependents and key staff members (if applicable) will also receive nominations.

British Columbia Entrepreneur Immigration – Regional Pilot

The Entrepreneur Regional Pilot aims to attract motivated and experienced entrepreneurs to open business in smaller communities of British Columbia and contribute to their specific labour needs.

It is initially a two-year pilot, with enrolment open in early 2019, and it targets only entrepreneurs wishing to start a new business
The Eligibility Requirements for Candidates

Net worth of minimum $300,000
Minimum of $100,000 in eligible business investments.
Minimum of 51% ownership in the new business.
Create at least one new full-time job for a Canadian citizen or permanent resident.
Conduct an exploratory visit in the target community.

Program Key Features

Here are the list of key features related to the program

1. Community Involvement

Participation communities are actively involved in attracting the foreign entrepreneur, and helping them settle after arrival.

2. BC PNP Referrals

Communities can refer foreign entrepreneurs to the BC PNP. The candidates must have visited the community and have a business proposal aligned with its economic priorities.

3. Community Concierge

Participating communities have access to the services of a dedicated BC PNP Community Concierge.

4. Invitations and Prioritization

Referred candidates register is a separate BC PNP pool. Monthly invitations are issued to the best scoring candidates. Those invited received priority processing.

British Columbia Entrepreneur Immigration – Strategic Projects

The B.C. Entrepreneur Immigration – Strategic Projects stream assists foreign-controlled companies establishing an eligible business in BC with the timely entry of foreign key managerial, professional or technical staff who intend to become permanent residents of Canada and settle in B.C.

Eligibility Requirements for Companies

Make a minimum equity investment of $500,000.
Create at least three new jobs for Canadian citizens or permanent residents for each foreign key staff member proposed (to a maximum of five key staff).
Establish or purchase and expand a company in BC.

British Columbia Entrepreneur Immigration Application Process

Exploratory visit to BC.
Discuss proposal with BC PNP officials and register the company’s interest to apply.
Apply.
If approved, the company signs a Performance Agreement with BC. A work permit support letter is issued to each key staff member so they can apply for a two-year work permit from IRCC.
After the work permit is complete, if the company has met the terms and conditions of the Performance Agreement, the key staff members will be nominated for permanent residency.

Interested employers and candidates: Contact us for more information contact us.