Have you heard about British Columbia new regional pilot for Entrepreneurs Immigration?

If you are an entrepreneur and looking to immigrate to British Columbia, “ENTREPRENEUR IMMIGRATION” is an excellent initiative for starting the process of getting a community referral.

The two-year pilot project that commenced on March 14, 2019, is specially designed to attract skilled and qualified entrepreneurs to meager communities around the region and create job opportunities.

The experienced entrepreneurs that are approved and certified through the Regional Pilot will be offered a temporary work permit to establish their business. Adding on, they can later apply for a provincial nomination for Canadian permanent residence upon accomplishing the guidelines outlined in their performance agreement.

The main motive of this initiated pilot project is to overcome the demographic and financial challenges faced by regional communities. Especially, the citizens that are situated in the territory more than 30kms from a larger population center and have a population of less than 75,000. By now more than 30 communities have already aligned with the pilot project. They can now refer qualified candidates to the British Columbia Provincial Nominee Program (BC PNP)for further consideration.

How The Project Works

Before enrolling for this pilot project, the interested entrepreneurs should make sure to evaluate the eligibility criteria for the program and pay a visit to the community where they are heading to establish their business.

While the preliminary visit, aspirants will propose their business plan to the community ‘s designated pilot representative. Only after the visit, candidates can request for a referral from the community to get registered under the pilot project.

To enroll, it is mandatory for aspirants to submit their validated details about their work and business experience, education, net worth, language proficiency accompanied by the comprehensive information on the proposed business plan.

Among other eligibility criteria, candidates must have:

• Have a minimum $100,000 in eligible business investments;
• Boast at least personal net worth of $300,000;
• Should have expertise in either 3+ years of experience as an active business owner-manager or more than 4 years as a senior manager in the last five years;
• Hold a minimum of 51 percent ownership of the proposed business;
• Create at least one full-time job for a Canadian citizen or permanent resident of Canada;
• Exhibit a minimum language proficiency in English or French equivalent to Canadian Language Benchmark (CLB) 4.

Upon registration, all the certified candidates will receive scores and the highest-scoring candidates will get an invitation to submit a full application for the BC PNP through monthly invitation round.

According to the latest norms of BC PNP, applications are assessed within the time duration of four months. However, candidates might be invited to attend a personal interview session to discuss the credentials of their application.

Furthermore, the approved applications have to sign a performance agreement with the BC PNP that focuses on the criteria ensuring to meet the needs to be nominated for Canadian permanent residence.

After the successful completion, the applicant will hold a work permit support letter from the British Columbia Provincial Nominee Program. Upon accepting the entrepreneur can apply for a two-year temporary work permit to the Canadian government.