Entrepreneur Immigration Category

Entrepreneur Immigration Category

Entrepreneur Immigration Base Category - BC

The BC PNP Entrepreneur Immigration (EI) stream is for experienced entrepreneurs who are ready to invest in and actively manage a business in B.C. An applicant who is ready to start new businesses or take over and grow existing businesses in B.C.

To apply under this category, an applicant needs to submit an Expression of Interest, must be invited to apply to submit a full application.

After getting the final nomination applicants/candidates will get a work permit and once the business operation in British Columbia fulfills the requirements of the category then they will be able to apply for permanent residence in Canada through the BC PNP.

Eligibility Criteria:

  • The personal net worth of a minimum of $600,000 includes cash, assets in bank accounts, fixed deposits, properties, investments, etc.
  • 3+ years of experience as a business owner-manager, OR, 4+ years of experience as a senior manager, OR, a combination of 1+ years of experience as a business owner-manager and 2+ years of experience as a senior manager.
  • A post-secondary credential, OR, experience as an active business owner-manager for at least three of the last five years with 100% ownership in the business.
  • Must submit a business proposal to establish a new business or purchase of an existing business in British Columbia.
  • Ownership to the proposed business should be at least one-third (33.33%)
  • The personal investment of CAD $200,000 in eligible expenses
  • Must create at least one full-time equivalent job for a Canadian citizen or permanent resident of Canada
  • Minimum of CLB 4 equivalent in English or French.
  • Partner with BC PNP co-registrant allowed.

Processing of the Application:

  • Conducting business research. International entrepreneurs/Investors are required to conduct an exploratory visit to B.C. so they may learn about business opportunities and the local business environment.
  • The applicant needs to apply under BCPNP online for the Expression of Interest application. This system is on a point based on various factors which include ownership/senior management experience, personal net worth, adaptability, business concept and many other factors.
  • The highest-ranked applicants are receiving invitations to apply full application in periodic draws which are held by the BC PNP.
  • Applicants have four months (120 days) to submit a complete application with the net worth verification report by government authorized financial institutes under the Entrepreneur Immigration Stream.
  • Applicants may get an invitation to attend an in-person interview in Vancouver, BC during the application assessment stage. If an application is approved, a foreign investor needs to sign a Performance Agreement and receive a Letter of Confirmation to apply for a two-year work permit with Immigration, Refugees and Citizenship Canada (IRCC).
  • After arrival in BC, entrepreneurs have 20 months to establish business and meet all the conditions which are signed in the Performance Agreement and demonstrate residency within 100km of the business. Within 18 months of work permit, entrepreneurs must submit a final report to the Government of British Columbia. BC nominates approved entrepreneur applicants with the confirmation of nomination letter to apply for permanent residence with family.
Ineligible businesses

The following types of businesses are ineligible 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)
  • bed and breakfasts, hobby farms and home-based businesses
  • A payday loan, cheque cashing, money changing and cash machine businesses
  • pawnbrokers
  • 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 of more than 300,000:

  • convenience stores
  • DVD rental stores
  • gasoline service stations
  • personal
  • dry cleaning services
  • tanning salons

Government Fees:

Registration for EOI: $300

Application: $3,500