Entrepreneur immigrants who are looking to move to the province of British Columbia are provided a new pathway via the referral of the local communities by a new regional pilot program, opened on March 14. This pilot immigration program is launched to help the smaller and local community in the province of British Columbia to attract new businesses and create jobs.
This immigration pilot program is for the regional communities with population less than 75,000 people which are locate within the 30 kilometers of a large population centre. This program aims to meet the demographic and economic challenges that are faced by these communities. With total of 30 communities already joined the regional pilot immigration program, now they are in position to refer the eligible candidates to the British Columbia’s Provincial Nomination Program (BC PNP) for consideration. For communities to participate, they must have the required support services that will help the business owners and their families to settle.
Entrepreneurs with experience who are approved by Entrepreneur Immigration – Regional Pilot, will receive a temporary work permit by which they will be able to start their business and can apply for Canada permanent residence visa if they can meet the conditions that were specified in the performance agreement.
British Columbia’s Minister for Jobs, Trade and Technology, Bruce Ralston said,” Due to an ageing workforce and a preference for city living, some smaller towns can face challenges growing their local economies. This pilot will attract new business that create jobs and spread investment around the province.”
How Entrepreneur Immigration- Regional Pilot program works?
Following steps will illustrate how the new immigration pilot program works for the interested entrepreneurs looking to move to the province of British Columbia:
- Eligible entrepreneur must first check their eligibility for the pilot program and complete an exploratory visit to the community where they wish to set up their business
- While on the exploratory visit, candidate needs to submit the details to the community’s designated pilot representative. After this candidate can request for a referral from the community to register under the pilot by submitting details like work/business experience, educational qualification, language proficiency, net worth and information on the proposed business.
- Once they have registered the profile of the candidate, will receive a score and highest scoring candidate will get an invited to apply under the BC PNP. A ideal application will be assessed within four months and the applicant will be invited to give in-person interview in Vancouver to discuss their application’s details.
- After successful application assessment, applicant must sign a performance agreement with BC PNP that will summarize the criteria that needed to be met in order to be considering for Canada PR visa.
- Applicants will receive a work permit support letter from BC PNP and can apply for two-year temporary work permit to the government of Canada.
- If the entrepreneur is able to meet the terms and conditions of their performance agreement as determined by the BC PNP, they will be nominated for the Canada PR visa.
What are the eligibility criteria to apply?
Other major eligibility criteria to apply under this program are as follows:
- Must have minimum of $100,000 in eligible business investment.
- Have a minimum personal net worth of $300,000.
- Have 3+ years of experience as an active business owner-manager or 4+ years as a senior manager within the last five years.
- Take on a minimum 51% ownership.
- Create a minimum of one new job for a Canadian citizen or for a permanent resident of Canada.
Must have minimum language proficiency in English or French language with Canadian Language Benchmark (CLB) level 4.
IMPORTANT: Know more about British Columbia Provincial Nomination Program (BC PNP) and the BC PNP draws overview of year 2019.