You must have forgotten, so let us remind you how the beautiful and prosperous Canadian province of British Columbia went ahead in 2019 to launch the BC PNP Entrepreneur Immigration (EI) Regional Pilot to boost the influx of immigrant entrepreneurs who wish to come to Canada as business immigrants.
This Regional Pilot has come into force to attract these business persons to this province’s sparsely populated Canadian regions. Though on the one hand, British Columbia has carved an immigration route for budding entrepreneurs known by the name of EI Base Category.
The EI Regional Pilot provides unique and exciting benefits over all other programs as it welcomes alliances with the communities to remove their distinct economic requirements. What more? This particular program has a minimum investment requirement for candidates.
The perks of this type of economic immigration aim to spread it evenly across the province. It is an excellent pathway for those wishing to immigrate for business purposes and seeking permanent residency in British Columbia by establishing themselves and contributing to economic progress. At the same time, they live and work here and foster job creation in this province.
The EI pilot program has been stretched till March 31st, 2024, speaks of a minor community with a population amounting to just 75,000 and situated more than 30 kilometers away from a community with more than 75,000.
The 28 eligible communities participating in the PNP program are pivotal in choosing potential candidates and deciding which applications are referred to the province for nomination.
Every community which partakes in this state’s particular economic targets is based on individual requirements and development initiatives undertaken by the region and is well-defined by a six-digit North American Industry Classification System (NAICS) code.
If these candidates’ business proposals or plans are aligned with the NAICS codes and within the quota, they will likely be shortlisted for nomination. The EI Regional Pilot program aims to draw prospective investors and business owners with lesser personal net worth and investment thresholds.
This speaks of affordable costing when it comes to starting a business in these Canadian regions which means that a candidate should have a minimum net worth of CAD 300,000 and invest a minimum of CAD 100,000 into the business.
Also, these candidates should hold entrepreneurial experience or post-secondary education, language expertise with a least CLB score of 4, and make sure that the proposed business model can generate a full-time job for a Canadian citizen and a permanent resident. Want to know more? You can reach out to our visa experts by calling them at 8595338595 or mailing us at [email protected]