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British Columbia PNP Entrepreneur Program
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British Columbia PNP Entrepreneur Program
The British Columbia Entrepreneur Immigration stream is one of the popular streams under the BC provincial nominee program. The pathway is created for high-calibre foreign investors and entrepreneurs who want to own, run, and manage a business in British Columbia, Canada. The stream permits eligible business owners and investor to permanently migrate to British Columbia with their family members.
The British Columbia Entrepreneur Immigration Stream is a swift and seamless pathway to grab a permanent residency status in Canada through the provincial nominee program.
- British Columbia is lauded for a competitive business location, which offers low taxes, an affordable investment-friendly environment to newcomers. The provincial government also provides incentives in the form of International Business Activity (IBA) tax incentive program.
- BC’s popular city such as, Vancouver is constantly jumping the ranks of world’s most popular financial center.
- British Columbia not only offers a business friendly environment, but an amazing quality of life as well. Many organizations benefit from the province’s prime location, rich natural resources, dynamic workforce, and a favorable investment climate.
- One can easily grow and expand their business in British Columbia due to the province’s strong economy offering unlimited potential, thus attracting growth-oriented business across the globe.
- British Columbia also has no capital tax and no sales tax on most production machinery or equipment.
- Business owners who operate their businesses in British Columbia enjoy duty-free access to the world’s largest marketplaces in Asia, North America and Europe.
- The strategic location of British Columbia on the west coast of North America makes it easy to establish trade relations with Pacific, North American, and European nations.
- The province is an established leader in various sectors, such as Agrifoods, Information and Technology, Forestry, International Education, Mining, Natural Gas, Tourism, and Transportation infrastructure.
- In 2019, the real Gross Domestic Product for British Columbia grew by 2.4% – according to Vancouver-based Central 1 Credit Union.
- The government of British Columbia is committed to build a strong and dynamic economy, making retail sales, housing, and exports the biggest profit-making industries of the province.
- The demand for electricity, Energy storage systems, Beverage Industry, Technology, E-commerce, is and continue to be very strong in the coming years.
- The data shows that by 2031, more than 1.3 million residents of British Columbia will be over 65 years. Hence, the province needs young and talented people who can run innovative businesses and generate employment opportunities in the province.
- British Columbia’s gross domestic product (GDP) totals around C$198 billion and its major export markets include the United States (65%), Japan (12%) and Greater China (6%). Vancouver and the surrounding Metro Vancouver, which includes municipalities such as Surrey, Richmond and Burnaby, is the largest economic region in the province.
- The business dynamics of British Columbia is currently going through major economic and demographical changes, therefore, it is important for prospective business investors to understand these shifts and identify the areas where their business plan can boom.
British Columbia Entrepreneur Program Pathways & Investment Options
Prospective investors and business owners may choose between two streams in order to migrate to British Columbia under the investor program. They are:
The Entrepreneur Immigration Stream
for business applicants who are willing to invest in and actively carry out business operations in British Columbia.
Business and Investment Requirements:
- Investment – CAD 200,000 for business in BC
- Investment – CAD 400,000 for proposing a Key Staff Member in the Business
- Net-Worth – CAD 600,000
Entrepreneur Immigration - Regional Pilot
aimed at attracting foreign entrepreneurs who are ready to establish a business in regional communities of British Columbia.
Business and Investment Requirements:
- Investment – CAD 100,000 in British Columbia Regional Areas.
- Net-worth – CAD 300,000
British Columbia Entrepreneur Program Process
The Entrepreneur Immigration Stream
- Register your application online through BCPNP. While doing so, you must submit a short business concept and also pay a non-refundable registration fee of $300.
- The government of BC invites the highest-scoring registrants to submit a complete application.
- Eligible registrants receive an invitation to apply under the Entrepreneur Immigration stream.
- If you are invited to apply, you will have four months to submit a complete application through BCPNP Online.
- Now, it’s time to net worth review. In this step, a BC PNP-authorized accounting firm evaluates your personal net worth and also verify the source of your funds. You will pay for their services as per government designated charges.
- If everything goes fine, and you are invited to apply you have 120 days to submit a complete application through BCPNP Online.
- You may also be required to attend an in-person interview in B.C
- Successful applicants now establish their business in British Columbia as per the agreed terms and conditions in the performance agreement. Business investors will be granted a Letter of Support to apply for a two-year work permit in Canada.
- If your business is flourishing and meet all of the performance expectations, then you may apply for a nomination for permanent residence.
Entrepreneur Immigration - Regional Pilot
- First, determine your eligibility for the pilot program. Our office will be pleased to assess your profile and carry out assessment to check eligibility.
- If you are eligible, then, you must identify the participating communities listed on the BC PNP website.
- Prospective applicants are required to do an exploratory visit to learn about the business opportunities available in the participating communities. If you do not have a valid business visit visa, our office can assist you in making an application for one.
- If you are satisfied with your visit, it’s time to register to the BC PNP. The registration must include information about your work and/or business experience, education, language ability, your net worth, and information your proposed business idea in British Columbia.
- Now submit a complete application to the BC PNP. You may be invited to attend an in-person interview in Vancouver to discuss the details of your application.
- Your application will be accessed in four to six months. If everything is found to be in order, you will be issued a letter of support using which you may apply for a work permit to establish your business.
- Once you have a work permit, you can land in British Columbia and implement your business plan, make investments, and create jobs in BC.
- Once you meet all terms and conditions and establish a business in British Columbia, you become eligible to apply for a provincial nomination for permanent residence.
British Columbia Entrepreneur Program Eligibility Criteria
Entrepreneur Immigration Stream
In order to qualify, you must:
- have a personal net worth of at least CAD$600,000
- demonstrate business and/or management experience
- have, or be eligible for, legal immigration status in Canada
- have basic English or French language proficiency equivalent to Canadian Language Benchmark (CLB) level 4 or higher
- establish an eligible new business or purchase and improve an existing business
- make an eligible personal 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.
Entrepreneur Immigration - Regional Pilot
In order to qualify, you must:
- Be willing to conduct an exploratory community visit;
- Have a minimum of $100,000 in eligible business investments with at least 51% of the business ownership.
- have a minimum personal net worth of $300,000;
- have at least 3+ years of experience as an active business owner-manager or 4+ years as a senior manager within the last 5 years;
- Minimum of CLB 4 equivalent in English or French.
- Create a minimum of one new job for a Canadian citizen or permanent resident.
Bc Entrepreneur Program Processing Time & Fees
Registration and Application Fee:
The Entrepreneur Immigration Stream
Registration: $300
Application: $3,500
Regional Pilot Immigration
Registration: $300
Application: $3,500
Processing Time:
British Columbia PNP Entrepreneur Program- 12 to 15 months
British Columbia Regional Pilot Program- 12 to 15 months
Abhinav: India’s Most qualified Immigration Consultant for Entrepreneurs, Investors and HNI’s
- Only Immigration specialist having an expert team and experience in dealing with business and investor applications for almost 2 decades. This is highly demanding, high risk category of Immigration.
- Profile Assessment to identify the right country and program, viz. Residency by Investment or Citizenship by investment or Entrepreneur programs.
- Special advice for dependent/non-dependent children and parents.
- Special advice for clients having limitations of staying outside India for long.
- Documentation Guidance critical to acceptance including all important area of source and path of funds, business and personal net worth.
- Professional Business Plan Drafting.
- Market Research vis-à-vis Business for Sales listings and Start-up ideas.
- Online IELTS Coaching.
- Overseas Company Incorporation.
- Taxation planning and advice.
- Planning and coordinating Exploratory Visits with active assistance from Local associates.
- Start-up Guidance and coordination vis-à-vis Incubators, Angel Investors and Venture Capitalists.
- Application Process through licensed Immigration consultants/Attorneys.
- Turnkey services
- Concierge services for Premium clients
Fulfill your Canada Immigration Dreams with us, pick up your phone and dial (+91) 859 533 8595 for immediate free counselling or write to [email protected] for assistance on Business Immigration.
