British Columbia has one of Canada’s most flexible, diverse, and competitive economies, making it a prime destination for your new or expanded business. The province’s capital, Vancouver is conveniently located to assist with global trade routes including the U.S., Asia, and Mexico. Businesses are also heavily supported by our fiscally responsible government, making it easier and cheaper to start a business in our province. Lastly, British Columbia is rich in business resources, including a well-educated workforce of over 2,4 million.
Are you a businessman, a Skilled professional, or an Investor? then we have good news for you all. You can migrate to Canada through British Columbia Investor Program.
British Columbia currently has two Investor Visa Options, the provincial nominee Entrepreneur Immigration Stream and the Regional Pilot Program. Both options have a unique set of criteria you will have to meet in order to start a business in Canada. Check them out below
Basic Entry Criteria’s are–
For Entrepreneur Immigration Stream–
Personal Requirements are-
- show your business or management experience; and
- meet the legal requirements for immigration to Canada.
- You must have a minimum net worth of $600,000 CAD
Business Requirements are-
- you must meet the legal requirements for immigration to Canada.
- you must start a new qualifying business or purchase and improve a business that already exists
- You must invest a minimum of $200,000 CAD in the business; and
- start a business that creates at least one full-time job for a permanent resident or citizen of Canada.
How does it work?
The first step is to research B.C.’s economy and regions to find a business opportunity. The Work BC website provides comprehensive information and data about B.C.’s labor market and industries. When you have a business idea, please create a profile and a registration with our online application and registration system, BCPNP Online. Please include a business concept.
If you are eligible, you will receive a score based on your registration information. We will also put you into a qualified pool. Periodically, we invite people with the highest scores to apply through BCPNP Online.
For Regional Pilot Program
Basic Entry Criteria’s are-
- You must start a new business and settle in a regional community with a population of fewer than 75,000 people.
- You must complete an exploratory visit to the community.
- You need to make a minimum investment of 65-80 Lac
- You must own at least 51% of the company.
- Your business must create at least one new job.
Why an Entrepreneur Immigration – Regional Pilot?
- As each community has the best knowledge of their local business environment, they are perfectly situated to identify economic development priorities and support services that give foreign entrepreneurs a good start in their journey to building successful businesses and growing the local economy.
Key features of the Entrepreneur Immigration – Regional Pilot
Key features of the EI Regional Pilot:
- Active community role – participating communities have a key role in the pilot. They are actively involved in attracting foreign entrepreneurs to their community and working with local partners and existing networks to provide support for entrepreneurs settling into their communities.
- Referral from the community – participating communities may refer foreign entrepreneurs to the BC PNP whose business concept aligns with the community’s economic priorities. The foreign entrepreneur must be invited by the community to conduct an exploratory visit and present their concept to the community’s designated contact person prior to receiving a referral.
- Community concierge – a dedicated BC PNP concierge service that supports communities with immigration program information.
- Invitations & prioritization – foreign entrepreneurs who are referred by a participating community are placed in a separate registration pool dedicated to the pilot when they register. Regional pilot registrations and applications are prioritized.
Are you an Investor and interested to settle in Canada? If yes, then HelpOverseas Immigration is what you should ideally look up to. Our experts will guide you through every step of the immigration process. We make immigration easy for you. Just know, that when you think immigration, you think HelpOverseas.