The BC PNP will only consider registrations to establish a new business or purchase and improve/expand an existing business and create one new full time job.
You must decide on the specific type of business you intend to establish or purchase in B.C. before you register. The business structure must be clearly defined. Partnerships with a local partner/business or BC PNP co-applicant(s) are permitted. For partnerships you must identify partners and their percent ownership in your registration. For purchasing an existing business you must indicate the specific target business in your registration and the business must have been operated by the current owner for at least five years.
You must demonstrate that you will own at least one-third (33 1/3 per cent) of the business in B.C. If your proposed ownership is less than 33 1/3 per cent, you must make an equity investment of at least $1 million.
Franchises may be considered as eligible businesses if you can demonstrate that the proposed franchise is well-established, has operated for at least 5 years and that you have received support from the franchisor to purchase and operate a franchise location.
Agricultural Businesses are acceptable, but you must provide copies of farm analysis documentation.
Seasonal Businesses must be operational for 8 months of the year.
Business in Regulated Industries are acceptable, but you must demonstrate that you are aware of, and will be able to meet local, provincial and federal regulatory requirements.
Eligible Personal Investment You must make an eligible personal investment of at least $200,000 in the proposed business within 610 days (approximately 20 months) of arriving in B.C. on a BC PNP-supported work permit. The BC PNP may consider as eligible investment the purchase price of the business value up to $150,000 for an existing business with an additional $50,000 in improvements.
The BC PNP will not consider as eligible any investment made prior to the date you are invited to apply.
Click here for the comparative requirements of the Base Category and the Regional Pilot programs at Page 7.
BC-PNP Entrepreneur Immigration Program Guide