The BC Provincial Nominee Program (BC PNP) Entrepreneur Immigration – Regional Pilot (EI – Regional Pilot) is focused on attracting entrepreneurs from around the world to establish businesses in regional communities. This will help meet the communities’ economic development needs and encourage investments outside urban areas.
As each community has the best knowledge of their local business environment, they are perfectly situated to identify economic development priorities and support services that give foreign entrepreneurs a good start in their journey to building successful businesses and growing the local economy.
Key features of the EI Regional Pilot
Active community role – participating communities will have a key role in the pilot. They will be actively involved in attracting foreign entrepreneurs to their community and working with local partners and existing networks to provide support for entrepreneurs settling into their communities.
Referral from the community – participating communities will refer foreign entrepreneurs to the BC PNP whose business concept align with the community’s economic priorities. The foreign entrepreneur must have visited the community and present their concept to the community’s designated contact person prior to receiving a referral.
Community concierge – regional communities can contact the BC PNP to access a dedicated concierge service that supports communities with their immigration needs.
Invitations & prioritisation – foreign entrepreneurs referred by a participating community are placed in a separate registration pool dedicated to the pilot. Registrations and applications are prioritised.
To reflect the lower costs of starting a business and settling in regional communities with smaller populations, the personal net worth and investment criteria is lower than the existing Entrepreneur Immigration – Base Category (EI – Base Category). There is also a language proficiency requirement where the foreign entrepreneur must have a minimum of Canadian Language Benchmark (CLB) 4 equivalent.
Experience: Within the last 5 years, 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.
Net worth: At least $300,000 CAD
Education: Obtained a post-secondary credential, OR, experience as an active business owner-manager for at least 3 of the last 5 years with 100% ownership in the business
Business proposal: You must submit a business proposal to establish a new business in B.C. and be referred by an enrolled community
Ownership percentage: At least 51%
Investment: Minimum $100,000 CAD
Job Creation: Must create at least one full-time equivalent job for a Canadian citizen or permanent resident of Canada
Location: Participating communities in British-Columbia
Exploratory visit required: Yes. You must engage and visit an enrolled community for support before registering
Language requirement: Minimum of CLB 4 equivalent in English or French. Must submit copy of language proficiency test at registration
Registration time frame: Registrations are scored within 4 weeks
Net worth verification: Yes, you must obtain a net worth verification report if you are invited to apply
Application time frame: Application decisions are typically made within 4 months
Interview requires for approval: Yes
Fees: Registration: $300 – Application: $3,500
Getting approved from the BC PNP will grant the applicant a 2-year work permit. During those 2 years, the applicant will have to meet the conditions of his/her performance agreement. If the conditions have been met and the applicant shows intention of residing in the community where the business has been established, the BC PNP will nominate the applicant for Permanent Residency.
From: Welcome BC
For more details on any aspect of immigration, please do not hesitate to contact my office. You can speak to me in English, French, Farsi and Italian.
Immigration Michael Monfared
Regulated Canadian Immigration Consultant