8 New Communities Added by B.C. Entrepreneur Immigration Pilot Program -4th October, 2019

B.C. Entrepreneur Immigration Pilot Program
Eight communities have been attached to the list of those qualified for the British Columbia Entrepreneur Regional Immigration Pilot program.

The Entrepreneur Immigration Regional Pilot is for international entrepreneurs who aspire to establish a new business in a regional, smaller community in B.C.

Communities with fewer than 75,000 individuals located higher than 30 km away from an urban center have been engaging since the program was started in March 2019.

The eight latest additions produce the number of communities that taking participation in the regional pilot program to 66.

The newly added communities are:

  • Shuswap Indian Band
  • Regional District of East Kootenay (Area F, Area G)
  • Radium Hot Springs
  • Peachland
  • Parksville
  • Invermere
  • Canal Flats
  • Akisqnuk First Nation
Engaging communities need to prove that they are able to offer eligible entrepreneurs with a network of business agencies and settlement. Community representatives need to attend pilot and immigration specific training to host exploratory visits for enthusiastic candidates.

Eligibility Criteria

Planned entrepreneurs need to finish an exploratory visit to the community where they want to set up their business. Then they need to present their business plan to a community representative and obtain a referral to register beneath the pilot.

When registering, applicants must present details about their education, work and/or business experience, language proficiency, net worth, and details on the proposed business, along with other details.

To be eligible applicants must:

  • Have $300,000 minimum personal net worth;
  • Have $100,000 minimum investments in eligible business;
  • Have 3+ years of experience as an effective business owner-manager or 4+ years as an sr. manager within the previous five years;
  • Take at least 51% ownership;
  • Generate one new job for a citizen or permanent resident of Canada;
  • Have minimum skill in English or French which equal to Language Benchmark Canada (CLB) 4;
Candidates will get a score upon enrollment. Those with the significant scores will be invited to provide a complete application to the BC PNP by regular invitation rounds.

Once accepted, applicants need to sign a performance contract with the BC PNP, which describes all the criteria required to receive a nomination for Canadian PR.

Once the BC PNP decides that the terms and conditions of the performance contract have been satisfied, they will choose the entrepreneur for Canada PR.

Stay Updated with Zentora newsletters to get more updates and information about Visa and Immigration. Please fill our free assessment form to understand whether you are eligible or not and we will reach you soon with better options for your profile.

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