What is BC Entrepreneur Immigration Program?
As the name suggests, British Columbia Entrepreneur Immigration Program it is a Provincial Nominee Immigration program for entrepreneurs who wish to settle in the province of British Colombia. The entrepreneurial program is best suited for wealthy and experienced business managers and business owners who would benefit the province by supporting innovation and economic growth. Once approved as a provincial nominee, you and your dependent family members can apply to IRCC to become permanent residents of Canada in the Provincial Nominee class.
Streams for British Columbia Entrepreneur Immigration Program
There are three streams contained within British Columbia Entrepreneur Immigration program
- British Columbia Entrepreneur – Base Category
- British Columbia Entrepreneur – Regional Pilot
- British Columbia – Strategic Projects
BC Entrepreneur Immigration – Base Category
The base category is specially designed for experienced entrepreneurs who intend to establish new businesses or take over and grow existing businesses in the province of BC.
Before applying to any program, the first step is to check your eligibility. Always determine your eligibility based on the chosen category requirements. We encourage you to conduct an exploratory visit to British Columbia to learn about business opportunities, the local market, and the best community for you to establish your business. It will give you an overall idea of the market and the community in general. Once you have done your personal research and you are ready to take the plunge, you must evaluate yourself on the set eligibility criteria of the program, as given below.
a) Personal Requirement:
- The personal net worth of minimum $600,000
- CLB Level 4 In English or French (listening, speaking, reading and writing
- Program registrants are required to have at least two years of post-secondary education OR experience as an active business owner-manager with 100 percent ownership of the business for at least three of the past five years.
- Clear criminal records of the country in which you are residing currently.
b) Business, job and investment requirements
- establish an eligible new business or purchase and improve an existing business. 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
- investment of at least CAD$200,000 in the business
- create at least one new full-time job for a Canadian citizen or permanent resident in the business
Once you evaluate that you are eligible to apply and meet all the personal and business requirements, it’s time to register and apply. Candidates must meet the minimum scores in each section in order to be entered into the selection pool.
2. Application for British Columbia Entrepreneur Immigration Program
The first step is to register. In order to register, you must create a profile with BCPNP Online. This includes your personal email and home address, telephone number, and passport information. You must add a business concept as well. After your registration is scored, and you are of the highest scoring candidate in the pool, you will be invited to submit the full application. BC immigration authorities then invited the highest-ranked candidates to apply during periodic draws from the pool. Candidates who are invited to apply have four months to submit a complete application.
b) Fee and point system:
- One-time non-refundable fee $300
- Application fee $3,500
Score System: Scores are divided in different section and in each section, there are multiple factors which contribute to the total score. Candidates must meet the minimum scores in each section in order to be entered into the selection pool.
c) Business Plan
Those who are invited to apply, they should submit a business plan. It should be well thought out and well written and should cover all the requirements. It is recommended to always seek professional help for the business plan. In general, a business plan must include:
- It should be consistent with the business concept that you submitted during the registration
- . How will your business enter the market? What steps will you take to make it successful in the British Colombia market?
- How will the business evolve, grow, and expand?
- How will the business generate sustainable income and grow the workforce with time
d) Score System: Scores are divided into a different section and in each section, there are multiple factors that contribute to the total score. Candidates must meet the minimum scores in each section in order to be entered into the selection pool.
Personal Experience (Business owner-manage experience, senior manager experience)
- Maximum score available: 24
- Minimum requirements for eligibility: 8
Personal Net worth (Total current assets, cash and liquid funds)
- Maximum score available: 12
- Minimum requirements for eligibility: 5
- Maximum score available: 20
- Minimum requirements for eligibility: 8 (10 if you propose a key staff member in the plan)
- Maximum score available: 20
- Minimum requirements for eligibility: Create at least 1 job, but is proposing a key staff member, create at leasr3)
Adaptability (English Language Proficiency, education level, age, business exploratory visit, Canadian work experience, business experience, or study)
- Maximum score available: 32
- Minimum requirements for eligibility: none
Business concept (Commercial viability, transferable skills, economic of
- Maximum score available: 80
- Minimum requirements for eligibility: 32
Please note that the registrations in the qualified pool are valid for 180 days.
3. Approved Applications for British Columbia Entrepreneur Immigration Program
The applicant with the approved application status must follow the following steps:
Work Permit: Approved application means that your net worth is evaluated and the business plan that you submitted has been approved. You might be called for an interview during the evaluation process. After approval of the submitted application, you are required to sign a performance agreement, and then you apply for a work permit. You are required to arrive in BC with a valid work permit within 365 days (12 months) from the date of your letter of confirmation.
Once you arrive in B.C. with your valid work permit, you will have up to 610 days (approximately 20 months) to implement your business plan, actively manage your business, and satisfy the terms and conditions of your signed performance agreement.
4. Nominee for Permanent Residence:
To apply for nomination, you must submit a final report to BC PNP. In your final report, it is your responsibility to demonstrate to that you have met the terms and conditions described in your signed performance agreement. Some of the prominent terms and conditions are;
- Actively managing your business in BC
- Physically present in British Columbia for 75 % of the time of the total time of your work permit duration.
- Resides withing the 100Km boundary of the business location
- Fulfilled the requirements of signed Performance Agreement
Once your signed Conditions of Nomination declaration has been received by the BC PNP, you will be issued a confirmation of nomination as a provincial nominee.
5.Immigration as a Permanent Resident:
After receiving the nomination, you are now allowed and eligible along with your dependent family members to apply for permanent residence under the Provincial Nominee Class. The confirmation of nomination is valid for 180 days (approximately six months). You must apply for permanent residence prior to the expiry date on your confirmation of the nomination.
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