British Columbia Immigration Issued 18 Invitations To Entrepreneurs

08 Apr 2020

The British Columbia PNP announced 18 invitations to apply to applicants enrolled in the Entrepreneur Immigration BC- Regional Pilot on 6 April 2020. The minimum required score for this specific draw was 107 points, which is the lowest score for this specific stream since Oct 2019.

The stream of Entrepreneur Immigration (EI) is for experienced business individuals who are seeking a pathway to Canada PR and who can live in B.C. and also invest in and run a commercially important business that can provide notable benefits to the economy of BC province.

This was the 5th Entrepreneur Immigration draw of 2020, with 62 invitations to apply announced so far in this year.

BC Entrepreneur Immigration (EI) stream categories

Entrepreneurs who are enthusiastic in moving to BC province may choose from one of the below two Entrepreneur Immigration (EI) stream categories:

• The Base Category of Entrepreneur Immigration for experienced entrepreneurs who aim to set new businesses or take over and developing existing businesses in the BC province.
• The Regional Pilot of Entrepreneur Immigration aimed at bringing entrepreneurs to participate in regional communities in order to set new businesses that agree to the communities’ economic growth requirements.

The Regional Pilot of Entrepreneur Immigration project was started in 2019 to empower communities to actively engage in bringing international entrepreneurs whose business ideas follow with their economic preferences.

The individual net worth and investment requirements are reduced for the pilot project related to the Base Category of Entrepreneur Immigration. This shows the lower costs of beginning a business and living in BC’s smaller communities related to Vancouver or more highly populated urban centers of the BC province.

BC PNP Entrepreneur Immigration- Regional Pilot Requirements

• Applicants need to manage an exploratory community visit;
•  Applicants need to have a minimum of CAD 100,000 in qualified business investments;
•  Applicants need to have a minimum individual net worth of CAD 300,000;
•  Applicants need to have 3+ years of experience as a business owner or 4+ years as an sr. manager in the last 5 years;
•  Applicants need to take on a minimum of 51% ownership;
•  Applicants need to create a minimum of 1 new job for a permanent resident OR citizen of Canada.

All applicants obtain a score upon enrolling and the highest-scoring applicants are invited to provide a complete application to the BC PNP by regular invitation rounds.

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