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Settle In Canada As An Entrepreneur

The British Columbia Provisional Nominee Program is a great option for entrepreneurs looking to permanently settle in Canada. With Vancouver as its capital, British Columbia offers immigrants a dynamic economy and a welcoming home. It is the perfect destination for entrepreneurs and HNIs looking to build a new life abroad. As one of the leading authorities on permanent residency in Canada, Y-Axis is the perfect partner for your immigration needs.

British Columbia Provincial Nominee Program Details

The British Columbia Provincial Nominee Program is a route to Canadian permanent residency for entrepreneurs, investors and HNIs. It is a streamlined process that is transparent and allows for you to make your case as strongly as possible. Under the British Columbia Provincial Nominee Program:

Successful candidates receive a nomination under the Provincial Nominee Program and are allowed to apply for permanent resident status
Can lead to Canadian Citizenship
Permanent residency option for the family (Spouse and Children below the age of 18)
Free School education for Children , Health care benefits & Child tax benefits for children under 18 years of age

Entrepreneur Immigration: This program consists of three streams.

Entrepreneur Immigration Category
Entrepreneur Immigration — Regional Pilot
Strategic Projects Category

Entrepreneur immigration category: This stream is for entrepreneurs who wish to set up a business in the province. The invitation under this system is also points-based. The applicants must have the required funds to invest in a business. They will be eligible for PR under the entrepreneur immigration stream.

Eligibility requirements

A personal net worth of at least $600,000 that has been legitimately acquired.

Invest a minimum of $200,000 in a new or existing business in British Columbia that meets the criteria.

Create at least one new full-time position for a Canadian citizen or permanent resident in your company.

Level 4 of the Canadian Language Benchmark In each of the four competencies: hearing, speaking, reading, and writing, in either English or French.

Experience in business and/or management.

Have lawful temporary immigration status in Canada, or be eligible for it.

Entrepreneur immigration regional pilot stream: This is for investors wishing to start a new business in the regional communities across the province.

Eligibility requirements

A minimum net worth of $300,000 is required.

A minimum of $100,000 in qualified business investments is required.

A minimum of 51 percent ownership in the new company is required.

Level 4 of the Canadian Language Benchmark In each of the four competencies: hearing, speaking, reading, and writing, in either English or French.

At least one full-time employment for a Canadian citizen or permanent resident must be created.

Visit the target community for an exploratory visit.

Eligibility requirements for communities

Have a population of less than 75,000 people, it is a small town.

Must be within 30 kilometers of a municipality with a population of more than 75,000 inhabitants.

Demonstrate a network of existing settlement and business support agencies to assist the entrepreneur.

Strategic Projects Category: Under this category foreign based companies can set up their operations in the province. Five foreign professionals who can work for the business can be nominated for PR in the province under this scheme.

Eligibility requirements

Make a $500,000 minimum equity investment.

For each foreign essential staff member recommended, create at least three new employment for Canadian citizens or permanent residents (to a maximum of five key staff).

Start a business or buy an existing one and expand it in BC.

Document Required

The documentation and other requirements for British Columbia Provincial Nominee Program includes:

Having a personal net worth of at least CAD$600,000
Demonstrate business and/or management experience
Have, or be eligible for, legal immigration status in Canada
Establish an eligible new business or purchase and improve an existing business
Make an eligible personal investment of at least CAD$200,000 in the business
Create at least one new full-time job for a Canadian citizen or permanent resident in the business
Passport & travel history
Education and business credentials

How will Y-Axis Help?

Permanent residency for entrepreneurs and HNIs is a little different from other PR programs. At Y-Axis, we have the expertise to help you navigate the intricacies of these programs and help you chose correctly. We help you with:

Immigration documents checklist
Complete application processing
Forms, documentation & application filing
Updates & follow up
Relocation and post-landing support in Canada

With our vast experience in immigration, Y-Axis can help you create an application package with the highest chance of success. Talk to a Y-Axis counsellor today.

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FAQ

Is it easy to get PR in British Columbia?

As a matter of fact, there is no easy and short-cut method to get a nomination for PR Visa from the provinces in Canada. This includes British Columbia as well. This said it becomes easier to get the nomination if you meet the eligibility requirements of the province. Also, your occupation must be in-demand in the province and you must be able to fulfil special requirements of the province.

What are the requirements for BC PNP?

Unless otherwise specified, the below requirements are applicable to all streams under BC Skilled Immigration:

Candidates must have accepted a qualified employment offer of full-time. The exemption is applicants of BC International Post-Graduate.
The applicants must fulfil all the minimum qualifications specified for their occupation
The wage offered must be considered as a competitive salary for that occupation in BC
The applicants must prove that they fulfil the requirement for minimum income
The prospective immigrants must offer valid results for language test demonstrating language proficiency in English or French at CLB 4 level. This is if their occupation is classified as D, C, or B NOC Skill level.
BC PNP processing fee of $550 must be provided with all applications for Skilled Immigration under BC PNP
The employment of the applicant must not have an adverse impact on any training or employment opportunities for Canada PR holders or Citizens. It must also not have any unfavourable effect on any labour dispute or individuals involved in one.

• The employment must benefit the economy of BC province

What is the BC PNP program?

The BC PNP – British Columbia Provincial Nominee Program is an immigration program of the British Columbia province. Through this, a wide range of Entrepreneurs, Graduates, and Workers can settle permanently in the province.

The BC PNP is among the PNPs of Canada. It is among the most varied PNPs with 2 broad categories for Graduates and Workers – Skills Immigration and Express Entry BC. It also has an extra stream for Entrepreneurs.

The above streams are further divided into diverse categories. Applicants who are successful under any one of these streams get extra 600 CRS points. This ensures an ITA for Canada PR Visa in the subsequent draw held in the pool.

How long does it take to get BC PNP?

The application for BC PNP takes around 1 to 2 months for processing. Work Visa applications will vary based on the destination from where the application is submitted. Nationals of Visa-required nations must apply at a Consulate of Canada overseas.

Each Consulate has a specific process and processing takes around 1 week to 2 months
Nationals of Visa-exempt nations have the option to choose the application centre
They can apply after arrival to Canada and get the Work Visa on the same day
They can also submit an application at the nearest Consulate of Canada

The processing time for PR Visa application varies and can take around 9 to 18 months.

What are the eligibility requirements for an individual who wants to register for the program?

Individuals must meet the following requirements in order to register:

Have a basic English or French language ability of level 4 or higher on the Canadian Language Benchmark (CLB).

Have been properly admitted to the nation in which they now reside

Having a personal net worth of at least $600,000 is required. Personal net worth must be obtained in a legal and verifiable manner. The candidate is required to disclose his personal net worth

Have spent at least three years as an active business owner-manager OR four years as a senior manager OR a combination of at least one year as an active business owner-manager AND at least two years as a senior management (in the previous ten years)

Have a post-secondary degree OR have spent at least three of the previous five years as an active business owner-manager with 100% control of the company. The candidate, his or her spouse or common-law partner, and/or his or her dependent child(ren) may all hold a portion of the business

Within 610 days (approximately 20 months) of arriving in B.C. on a BC PNP-supported work permit, demonstrate an eligible personal investment of at least $200,000 in the proposed business

Demonstrate that the business will create at least one permanent, new full-time equivalent job for a Canadian citizen or permanent resident of Canada within 365 days (12 months) of the arrival date