British Columbia Immigration has announced updates to the British Columbia’s Entrepreneur Immigration stream and stated that the stream, which has been on pause since July last year, is now accepting applications.
The Entrepreneur Immigration stream is aimed at experienced entrepreneurs who wish to settle down in the province and who can support innovation and economic growth in the province.
This stream is designed to target experienced entrepreneurs who can support innovation and economic growth in the province. It has three categories:
● Base
● Regional Pilot
● Strategic Projects
All applications are now online and as per the latest update dated July 13, the province can target Invitations to Apply (ITAs) based on new factors, including:
● Based on if the the business is a start-up OR the purchase of an existing business
● The population of the community
● The business sectors
● The location of the proposed business
Requirements for the BC PNP Entrepreneur Immigration Category are as follows:
● Establish an eligible new business aligned with the priorities of the referring community
● Have appropriate business and/or management experience
● Have a personal net worth of at least CAD $300,000 legally obtained
● Make an eligible personal investment of at least CAD $100,000 in the business
● create at least one new full-time job for a Canadian citizen or permanent resident
● Demonstrate a minimum language proficiency of Canadian Language Benchmark (CLB) 4 in English or French or both
● Have, or be eligible for, legal immigration status in Canada
● Have been lawfully admitted in the country where you currently live
List of ineligible businesses under the BC PNP:
● an immigration-linked investment scheme pursuant to Provincial Immigration Programs Regulation section 6(e) and the Immigration and Refugee Protection Regulations (IRPR) section 87(5)(b) and as defined in IRPR 87(9)
● any business where the terms of investment include a redemption option pursuant to IRPR 87(6)(d)
● any business that may be a passive investment pursuant to IRPR 87(6)(c)
● bed and breakfasts, hobby farms and home-based businesses
● payday loan, cheque cashing, money changing and cash machine businesses
● pawnbrokers
● tanning salons
● DVD rental stores
● coin-operated laundries
● automated car wash operations
● scrap metal recycling
● businesses selling used goods (excluding businesses that provide value-added services such as repairs, refurbishing or recycling)
● real estate development/brokerage, insurance brokerage or business brokerage
● businesses involved in producing, distributing, or selling pornography or sexually explicit products or services, or providing sexually oriented services
● any other type of business that by association would tend to bring the BC PNP or the Government of British Columbia into disrepute
For more information, candidates can visit BC PNP Entrepreneur Immigration stream website ( https://www.welcomebc.ca/Immigrate-to-B-C/Entrepreneur-Immigration ) or
contact ICanHelpImmigration Services for a detailed consultation.
If you are looking to Study, Work, Visit or Migrate to Canada, talk to I Can Help Immigration Services, Canada’s No.1 Immigration & Visa Company to get the best help you need
