CANADA
FEDERAL PROGRAMS

BRITISH COLUMBIA HAS THREE ENTREPRENEUR PROGRAMS:

STANDARD ENTREPRENEUR PROGRAM – TO QUALIFY, APPLICANTS MUST HAVE A MINIMUM OF THREE YEARS OF RECENT BUSINESS OWNERSHIP OR FOUR YEARS OF SENIOR MANAGEMENT EXPERIENCE, $600,000 IN NET ASSETS, AND BE WILLING TO MAKE AN INVESTMENT OF AT LEAST $200,000 IN A BUSINESS THEY RUN THEMSELVES, AND HIRE AT LEAST ONE CANADIAN OR PERMANENT RESIDENT, FULL TIME. BUSINESS APPLICANTS MUST ESTABLISH A BUSINESS IN WHICH THEY HAVE BUSINESS EXPERIENCE IN A SMALLER COMMUNITY.

REGIONAL PILOT PROGRAM – TO QUALIFY, APPLICANTS MUST HAVE A MINIMUM OF THREE YEARS OF RECENT BUSINESS OWNERSHIP OR FOUR YEARS OF SENIOR MANAGEMENT EXPERIENCE, BASIC ENGLISH, $300,000 IN NET ASSETS AND BE WILLING TO MAKE AN INVESTMENT OF AT LEAST $100,000 IN A BUSINESS THEY RUN THEMSELVES, AND HIRE AT LEAST ONE CANADIAN OR PERMANENT RESIDENT, FULL TIME. BUSINESS APPLICANTS MUST ESTABLISH A BUSINESS IN WHICH THEY HAVE BUSINESS EXPERIENCE IN A COMMUNITY ON THE LIST OF PARTICIPATING COMMUNITIES. THE ASSET AND INVESMENT AMOUNTS ARE LOWER AND BUSINESS APPLICANTS CAN SUBMIT THEIR FINAL REPORT TO THE GOVERNMENT AND APPLY FOR PR, WITHIN ONE YEAR.

STRATEGIC PROJECTS – THIS CATEGORY IS FOR FOREIGN CORPORATIONS WHO HAVE IDENTIFIED STRATEGIC INVESTMENT OPPORTUNITIES IN BC TO ESTABLISH OPERATIONS THAT ARE INTEGRAL TO THE GROWTH AND EXPANSION OF THEIR CORE BUSINESS. QUALIFIED BUSINESSES WILL BE ALLOWED TO TRANSFER UP TO FIVE OF THEIR CURRENT SENIOR EMPLOYEES WHO WILL ACTIVELY MANAGE THE BC BUSINESS. THE FOREIGN CORPORATION MUST BE WELL ESTABLISHED AND INVESTMENT READY AND BE PREPARED TO INVEST A MINIMUM OF $500,000 AND HIRE THREE CANADIANS OR PERMANT RESIDENTS FULL TIME, FOR EACH KEY STAFF MEMBER TRANSFERRED TO CANADA.

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NEW BRUNSWICK IS A PROVINCE IN EASTERN CANADA THAT ALLOWS BUSINESS APPLICANTS TO ACQUIRE THEIR PERMANENT RESIDENCE IN CANADA BEFORE THEY HAVE TO ESTABLISH THEIR BUSINESS.

APPLICANTS MUST BE 22 TO 55 YEARS OF AGE, SPEAK ENGLISH OR FRENCH AND HAVE COMPLETED A MINIMUM 2 YEARS POST SECONDARY DEGREE OR DIPLOMA. THEY MUST HAVE HAD THREE YEARS OF BUSINESS OWNERSHIP OR FIVE YEARS OF BUSINESS MANAGEMENT EXPERIENCE IN THE LAST FIVE YEARS. THEY MUST HAVE A MINIMUM OF $600,000 IN NET ASSETS WITH $300,000 AVAILABLE IN UNENCUMBERED LIQUID ASSETS. THEY MUST BE WILLING TO INVEST A MINIMUM OF $250,000 INTO A BUSINESS IN NEW BRUNSWICK THAT THEY MUST RUN THEMSELVES, AND OF WHICH THEY OWN AT LEAST ONE THIRD OF THE EQUITY. TO ENSURE THE APPLICANTS WILL ESTABLISH AND RUN THEIR BUSINESS, THEY ARE REQUIRED TO DEPOSIT $100,000 WITH THE GOVERNMENT AND IF THE BUSINESS IS RUN SUCCESSFULLY, THAT MONEY IS REFUNDED WITHOUT INTEREST AFTER ONE YEAR.

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