The British Columbia Provincial Nominee Program offers an excellent immigration process for qualified candidates wishing to permanently settle in B.C.
The BCPNP 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:
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.
The Eligibility Requirements
The Application Process
There are several stages for acquiring 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 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.
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 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 enrollment open in early 2019, and it targets only entrepreneurs wishing to start a new business
The Eligibility Requirements for Candidates
The Eligibility Requirements for Communities
Program Key Features
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
The Application Process