* OBJECT:
The BC Entrepreneur Program aims to support the economic growth and development of the province by attracting entrepreneurs who can successfully establish and manage businesses in British Columbia.
– Pathway to Permanent Residency: Successful applicants and their families can obtain permanent residency status in Canada, allowing them to live, work, and study anywhere in the country.
– Flexibility in Business Ventures: The program allows applicants to start a new business or purchase an existing one in British Columbia, providing flexibility in choosing the type of business venture.
– Fast Application Processing: The BCEBP aims to process applications efficiently, allowing successful applicants to start their businesses and settle in Canada more quickly compared to other immigration programs.
– Access to Business Support: Successful applicants can benefit from the support of the British Columbia provincial government, which provides guidance, resources, and networking opportunities to help entrepreneurs succeed.
– Quality of Life: British Columbia offers a high quality of life with diverse landscapes, vibrant cities, and a strong economy. Residents enjoy access to excellent healthcare, education, and recreational opportunities.
– Entrepreneur, spousal work permit: Successful applicants can apply for an entrepreneur work permit to start their business and an open work permit for their spouse or common-law partner, allowing them to work for any employer in Canada. Children at elementary and secondary school can generally obtain a student permit allowing them to study for free.
Overall, the British Columbia Entrepreneur Business Program provides a valuable opportunity for entrepreneurs to establish successful businesses in a dynamic and supportive environment while enjoying the benefits of living in Canada.
* PERSONAL REQUIREMENTS
– Personal net worth of at least 600 000 $ CAD, spouse’s assets can be included
– Business and/or management experience; if no business experience, must have the equivalent of a 2-year post-secondary diploma
– Basic English or French language skill equal to Canadian Language Benchmark (CLB) level 4 or higher, for example for the IELTS General Exam: Listening: 4.5, Speaking: 4.0, Reading: 3.5, Writing: 4.0.
* Business, job and investment requirements:
– Establish an eligible new business or buy and improve an existing business
– Make an eligible personal investment of at least 200 000 $ CAD in the business
– Create at least one new full-time job for a Canadian citizen or permanent resident
* PROCESS
- Prepare a business proposal
- Register your proposal with the BC PNP and get selected
- Get a work permit- Estimation: 3 months
- Build your business- Estimation: 1 year
- BC PNP nomination
6. Permanent Residence- Estimation: 12 to 18 months
