ENTREPRENEUR IMMIGRATION – BASE CATEGORY

This category is intended for experienced entrepreneurs who intend to establish new businesses or take over and grow existing businesses anywhere in B.C. Applicants must prepare a detailed business plan for the government that reflects their business experience. Once approved, the applicant is given a work permit for himself, and his family and he is given 20 months to fully execute his business plan. Once that is done successfully, and the applicant is nominated, he can apply for permanent residence with his immediate family.

Requirements

To qualify you must:

  • demonstrate your intention to actively manage the business at the time of application
  • demonstrate your intention to reside within 100 kilometres of the business, the majority of your time on a work permit
  • possess basic English or French language proficiency equivalent to Canadian Language Benchmark (CLB) level 4 or higher
  • have a minimum of $600,000 in personal net worth, which includes your spouse or common-law partner, and your dependent children, if applicable
  • have a minimum of more than three years of experience as an active business owner-manager of a company for which you have held 10 per cent or more ownership during the past 10 years
  • or, more than four years of experience as a senior manager
  • or a combination of at least one year of experience as an active business owner-manager and at least two years of experience as a senior manager
  • have one of the following: a post-secondary credential (such as a degree, diploma or certificate from a licensed postsecondary institution), or experience as an active business owner-manager with 100 per cent ownership of the business for at least three of the past five years.

Eligible Businesses

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

    Stevens and Associates have helped numerous entrepreneurs successfully immigrate to Canada from around the world. If you are interested in coming to Canada as a skilled worker, please complete our basic information form and send it to us for a free assessment.