Know if you qualify for the British Columbia Entrepreneur immigration
The Entrepreneur Immigration stream of British Columbia Provincial Nominee Program (BC PNP) offers an opportunity for entrepreneurs who have successfully established a business in British Columbia to obtain permanent residence in Canada. The first step in this regard is applying for provincial nomination from British Columbia. If you are nominated by the province, you and your family members can apply for permanent residence in Canada. But first of all, you must check if you are eligible to apply for provincial nomination through the British Columbia Entrepreneur immigration program.
Here are the major requirements for the candidates to apply for provincial nomination through the British Columbia Entrepreneur immigration program:
- You must be actively managing a business in British Columbia at the time of application. It means you must be accountable for the day-to-day operations of the business.
- You must be residing within a radius of 100 kilometers from your business establishment in British Columbia.
- You must have been residing British Columbia for at least 75 per cent of the time while on a work permit.
British Columbia will not nominate you if any of the following applies to you:
– You prohibited from entering Canada
-You are not legally admitted to the country where you currently reside
-You are in Canada but your status has expired
-You are working in Canada without authorisation
-You have an unresolved refugee claim in Canada
-You are under a removal order in or outside of Canada
- You must have a minimum personal net worth of $600,000. It must be legally obtained and verifiable.
- You must have more than three years of work experience as an active business owner-manager; or four years as a senior manager; or a combined work experience of at least one year as an active business owner-manager and at least two years as a senior manager.
- Post-secondary level education or experience as an active business owner-manager with 100 per cent ownership of the business for at least three of the past five years.
- You must have a business plan and must be able to answer questions and provide details based on which, BC PNP will score your business plan.
- The BC PNP will consider only a business plan that contributes to the economic growth of the British Columbia. You must demonstrate that you will own at least one-third of the business. If your ownership is less than that, you must invest a minimum of $1 million in an equity purchase.
- Franchises may be considered as eligible businesses if you can prove that the proposed franchise is well-established
- Seasonal business is not acceptable unless the proposed business operates for at least eight months per year
The following businesses are considered ineligible under the British Columbia Entrepreneur immigration program:
- 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)
- bed and breakfasts, hobby farms and home-based businesses
- payday loan, cheque cashing, money changing and cash machine businesses
- scrap metal recycling
- coin-operated laundries
- automated car wash operations
- 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
The BC PNP will not consider registrations for the following businesses proposed in Regional Districts with a population more than 300,000:
- convenience stores
- DVD rental stores
- gasoline service stations
- personal dry cleaning services
- tanning salons
Contact us for more information and eligibility assessment for British Columbia Entrepreneur immigration