Immigrating to Canada is not only for skilled workers but also for entrepreneurs. Attracting individuals that have the skills and resources to create more jobs in Canada is an important priority of the government. Thus, the British Columbia Entrepreneur Program was designed to attract immigrants with a strong entrepreneur background and solid business experience.
If you want to immigrate to BC and are ready to invest in and actively manage a valid business, you may qualify for either the Entrepreneur Immigration - Base Category or the BC Provincial Nominee Program (BC PNP) Entrepreneur Immigration – Regional Pilot (EI – Regional Pilot). Both of these pathways will allow you to bring your family with you and leads to permanent residency within two to three years from starting the business.
Entrepreneur Immigration - Base Category
To qualify, you must:
have a personal net worth of at least $600,000 CAD
demonstrate business and/or management experience
establish an eligible new business or purchase and improve an existing business
business can be anywhere in British Columbia
make an eligible personal investment of at least $200,000 CAD in the business
have, or be eligible for, legal immigration status in Canada
have basic English or French language proficiency equivalent to Canadian Language Benchmark (CLB) level 4 or higher
must also have been lawfully admitted in the country where you currently reside.
BC Provincial Nominee Program (BC PNP) Entrepreneur Immigration – Regional Pilot (EI – Regional Pilot)
The BC Provincial Nominee Program (BC PNP) Entrepreneur Immigration – Regional Pilot (EI – Regional Pilot) is focused on attracting entrepreneurs from around the world to establish businesses in regional communities. This will help meet the communities’ economic development needs and encourage investments outside urban areas. To reflect the lower costs of starting a business and settling in regional communities with smaller populations, the personal net worth and investment criteria is lower than the existing Entrepreneur Immigration – Base Category (EI – Base Category).
To qualify, you must:
have a personal net worth of at least $300,000 CAD
must submit a business proposal to establish a new business in B.C. and be referred by an enrolled community
demonstrate business and/or management experience
business can only be in participating communities
make an eligible personal investment of at least $100,000 CAD in the business
have basic English or French language proficiency equivalent to Canadian Language Benchmark (CLB) level 4 or higher
create at least one new full-time job for a Canadian citizen or permanent resident in the business
have, or be eligible for, legal immigration status in Canada
must also have been lawfully admitted in the country where you currently reside.
If you are an entrepreneur and have the resources to start your business or purchase an existing business in British Columbia, please contact us. We can guide you through this complex immigration process that involves a lot of moving pieces from ensuring that you qualify, choosing the right business, choosing the right location or area, building the business plan, to submitting your completed application.