British Columbia is looking for entrepreneurs who can create jobs, stimulate the economy and develop new markets and services. BC PNP Officers look at the applicant's net worth, business experience and business plan to determine whether the proposal is a match for the province. The success of an application will depend on the applicant's past management experience, the strength or viability of the business plan and the applicant's demonstrated ability to implement and carry out the plan.
To further promote business immigration in British Columbia, the provincial government has eased the qualifying criteria required for all three categories of the BC PNP Business Stream. This stream is designed for immigrants who are looking to make an economic investment in the province by establishing a new business or by purchasing and expanding an existing business. By making this investment and demonstrating a commitment to a BC enterprise, eligible nominees' Canadian Permanent Residency applications will receive priority processing.
Nomination Criteria
- Minimum CAN$400,000 to invest in a new business or to develop an eligible business in British Columbia
- Minimum personal net worth of CAN$800,000
- Must own at least 33.33% of the equity of the business.
- Create a minimum of 3 new job opening in the business for Canadian citizens or permanent residents.
- Sign a performance agreement with the Province of British Columbia.
- Possess the skills and experience necessary to establish and operate a business in British Columbia.
- The individuals must actively participate in the everyday management of the business.
- Must demonstrate a comprehensive business plan
- If wishing to participate in the fast track nomination, the individual must sign a deposit agreement with the Province of British Columbia.
