British Columbia Opens a New Regional Pilot for Entrepreneurs
British Columbia has started a new Regional Pilot, on the 14th of March, which serves as an extension of the Entrepreneur Immigration Program. It issues a Canadian Business Visa to the candidates. This new pilot will accept applications for two years. The aim is to facilitate economic growth and help small communities (of a population below 75, 000 people) that are more than 30km away from a populous city center. These communities were selected by British Columbia because they needed resources/systems for helping the fresh immigrants to settle in an easy manner. They get a chance to start businesses with extensive support of locals.
The program has a limited time, and all the applicants need to start the application process soon. There are many other Provincial Nominee Programs for applying that do not have the norm of starting a business.
Method of Working
An application in this Pilot requires entrepreneurs to adhere to a specific protocol to get the consideration for the BC PNP. There are complex steps but the process of immigration happens at a rapid pace so that the applicants need extensive preparation prior to applying for Canadian Business Visa.
- Conduct an exploratory visit to that community where you intend to start a business. Present your business proposal to the representative. Request for a referral from the community.
- Make the Registration for the Regional Pilot after obtaining the referral.
- Wait for four months and there is a possibility of attending a personal interview in Vancouver.
- On gaining the Approval the applicants need to sign a Performance Agreement with the BC PNP.
- On Success, the applicants receive a work permit support letter from the Program.
- Applicants subsequently apply for a two-year temporary work permit.
- After meeting the performance agreement terms, you get nominated by the BC PNP to gain the permanent residence.
- Business investments worth $100, 000 in
- The personal net worth of $300, 000
- Three years of experience as a business owner/manager or four years of experience as a senior manager in the past five years
- 51% ownership
- Providing at least one minimum job for a citizen or permanent resident in Canada
- Getting a score of 4 in English or French as per CLB Benchmark in reading, speaking, writing, and listening ability
Find Your Community
After a thorough searching for a community to start the business, look at the regional statistics like population and local industry. We present a list of the eligible communities for the Pilot, which need substantial economic growth and also have potential in business resources.
Reasons for Starting a Business
British Columbia has many communities which are yet to tap their economic potential. Moreover, the smaller communities present less competition and also provide a good chance of business success.
BC is a scenic lying between the Rockies and the Pacific Ocean. There is a sense of history and also exciting cosmopolitan highlights. Finally, the small communities are peaceful away from the city. The public transport system is excellent. There is warmth in these communities.
BC Provincial Nominee Program
We present all the categories of the Provincial Nominee Programs so that you can select one that is suitable for your profile.
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