British Columbia Business Program :
The BC Entrepreneur immigration streams target foreign nationals with demonstrated experience owning and operating businesses who wish to invest their finances and expertise in business opportunities in the province of British Columbia.
Program Requirements
Age
Under 55 Years
Language Proficiency
CLB 4 in English (5.5 bands minimum)
Level of Education
Post-secondary, or sufficient business management experience
Work Experience
Business ownership / Management 3 years
Investment Requirement
Net Worth:
Minimum net worth of $600,000
Investment Worth:
Invest at least $200,000 in a business
British Columbia Entrepreneur Ranking System :
The British Columbia Entrepreneur uses the following points-grid to rank candidates who have registered profiles. Only those candidates with the most competitive scores will be invited to apply to the program.
Scoring Sections
Points
Self-declared
Experience
20
Ownership
4
Net Worth
12
Total Personal Investment
20
Jobs
20
Regional District
12
Adaptability
32
Self-declared SUBTOTAL score
120
Business concept
Commercial Viability
30
Transferability of Skills
20
Economic Benefits
30
Business concept SUBTOTAL score
80
Maximum Score Available
200
The Application Process :
There are several stages for acquiring a permanent residence and settling in British Columbia through the Entrepreneur Stream:
Stage 1. Registration
Complete an online registration including a short business concept and pay a non-refundable fee of $300.
Stage 2. Invitation
Candidates are scored on the information they provide and are placed in a pool for six months or 180 days, or until they receive an invitation. The score takes into account English language ability, age and Canadian work experience
Stage 3. Net Worth Review
Candidates receiving an invitation to apply will have their net worth reviewed by a qualified supplier, who is a professional chartered accountant. The review includes the amount and source of funds and supporting documents. The candidate is responsible for all costs.
Stage 4. Application
Candidates have four months, or 120 days, to submit an application fee $3500 once an invitation is received. Candidates may be required to attend an interview. Approved applicants must sign a performance agreement with B.C. They then have 20 months, or 610 days to implement their business proposal.
Stage 5. Building the Business
Candidates get a letter of support from B.C. to apply to Immigration, Refugees and Citizenship Canada for a two-year work permit. Candidates and their dependents must arrive in B.C. with a valid work permit within 12 months, or 365 days, of receiving a letter of confirmation.
Stage 6. Nomination for Permanent Residence
Candidates who meet the terms of their performance agreement are nominated for Canadian permanent residence by B.C. Dependents (if applicable) will also receive nominations.
Immigration News
