Check Eligibility Requirements for British Columbia Immigration for Entrepreneur

British Columbia's financial development relies upon having enough skilled and qualified individuals to meet the labor market needs. The British Columbia Provincial Nominee Program is a path for popularity or high demand foreign workers and experienced business visionaries to gain permanent residency in British Columbia.

Luckily for international entrepreneurs, the BRITISH COLUMBIA PROVINCIAL NOMINEE PROGRAM offers a unique entrepreneur immigration stream. Eligible entrepreneurs or business people who successfully establish their business in British Columbia, as well as their accompanying family members can look forward to obtaining Canadian permanent residence, which may then be trailed by Canadian citizenship if residency requirements are met.

There are, in any case, a couple of preliminaries that must be fulfilled before permanent residence may be obtained through this immigration option. First, you have to determine your eligibility for the British Columbia PNP entrepreneur stream. If eligible, you may then make a proper Expression of Interest (EOI) in applying to the program.

Once the EOI has been submitted, you will be assigned a score reflecting your credentials or accreditation's. British Columbia immigration authorities at that point invited the highest-ranked candidates to apply during occasional draws from this pool. If invited, you may submit an application. Successful applicants or candidates acquire a work permit and, if the business activity in British Columbia attain the requirements on an ongoing basis, work permit holders will then be able to apply for permanent residence in Canada.

British Columbia PNP Entrepreneur Stream Criteria for Candidates:

1. A personal net worth or total assets of at least CAD$600,000, legally obtained and verifiable

2. A minimum of:

·            More than 3 years of experience as an active business owner-manager/entrepreneur, OR

·            More than 4 years of experience as a senior manager, OR

·   A combination of at least one year of experience as an active business owner-manager/entrepreneur and at least two years of experience as a senior manager; and

3. A post-secondary education experience as an active business owner-manager with 100% ownership of the business for at least three of the past 5 years.

4. Have Basic English or French language capability or proficiency equivalent to Canadian Language Benchmark (CLB) level 4 or higher.

Candidates Must Also Answer Questions And Provide Details Of Their Business Proposal, Which Will Be Scored By The British Columbia PNP. Candidates Must Aim To:

·             Establish a qualified new business or purchase and improve an existing business;

·            Make an eligible or required personal investment of at least CAD$200,000 in the business;  and

·           Create at least one new full-time job for a Canadian resident or permanent resident in the     business.

If Invited To Submit An Application, The Business Plan Must Demonstrate:

·             The proposed business is consistent and predictable with the registration business concept; and

·        Potential for commercial feasibility, including a market entry strategy to show how the proposed business will be successful as well as effective in BC.

                                                             

In Addition, If Planning To Purchase An Existing Business, Applicants Must Also Be Able To Demonstrate:

·              How the business will develop;

·            That the business is a going concern (for example the business is in operation and is not in receivership at the time of purchase);

·              That the business will generate or produce a profit and can sustain the expanded workforce; and

·              That the business has been operated by the current owner for at least 5 years.

Candidates or Applicants Cannot Change Their Business Concept After Submitting A Registration.

In order to register or enlist, candidates must exhibit that they can and will make an eligible personal investment of at least $200,000 in the proposed business. If proposing a key staff member, candidates must ensure that they will make an eligible personal investment of $400,000.

Conclusion

Up to 200 points are available to eligible candidates, who will get a score upon registration. Candidates must meet the minimum scores in each section in order to be enter into the selection pool. For any information regarding the above information, you can contact our CANADA IMMIGRATION CONSULTANTS and can clarify all your doubts.

Read More About Below Links:   

Canada Immigration Provinces Continue To Open Doors to New Immigrants

Canada Express Entry Enables Semi-Skilled Workers to Apply For PNP 

Check the Below Videos: