As the province establishes nomination targets for the program, priority is given to candidates demonstrating the highest potential under a scoring system, to create a successful business and to contribute significant economic benefits to the province.

The Entrepreneur immigration stream targets senior managers or business owners who wish to invest in British Columbia businesses.

The Eligibility Requirements

• The personal net worth of minimum $600,000, legally obtained.
• Invest minimum $200,000 in an eligible new business or to purchase and improve an existing business in BC.
• Create at least one new full-time job in your business for a Canadian citizen or a permanent resident.
• Suitable business and/or management experience.
• Have, or be eligible for, legal temporary immigration status in Canada.
• Have been lawfully admitted to the country where you currently reside.

The Application Process

There are several stages for acquiring permanent residence and settling in British Columbia through the Entrepreneur Stream:

Step 1. Registration

Complete an online registration including a short business concept and pay a non-refundable fee of $300. Candidates are scored on the information they provide and are placed in a pool for six months or 180 days, or until they receive an invitation.

Step 2. Invitation

British Columbia carries out regular draws, on average one each month for the Entrepreneur stream. Candidates who are invited to apply have four months to submit a complete application. The score takes into account English language ability, age and Canadian work experience. Candidates can improve their score while in the pool, including by submitting a new business concept.

Step. 3 Net Worth Review

Candidates receiving an invitation to apply will have their net worth reviewed by a qualified supplier, who is a professional chartered accountant. The review includes the amount and source of funds and supporting documents. The candidate is responsible for all costs.

Step 4. Application

Candidates have four months, or 120 days, to submit an application once an invitation is received. Candidates may be required to attend an interview. Approved applicants must sign a performance agreement with B.C. They then have 20 months, or 610 days to implement their business proposal.

Step 5. Building the Business

Candidates get a letter of support from B.C. to apply to Immigration, Refugees and Citizenship Canada for a two-year work permit. Candidates and their dependents must arrive in B.C. with a valid work permit within 12 months, or 365 days, of receiving a letter of confirmation. The 20 months to implement the business starts when the candidate lands. At the end of the period, candidates must submit a final report to the British Columbia Provincial Nominee Program.

Step 6. Nomination for Permanent Residence

Candidates who meet the terms of their performance agreement are nominated for Canadian permanent residence by B.C.

Dependents and key staff members (if applicable) will also receive nominations.

The B.C. Entrepreneur Immigration – Strategic Projects stream assists foreign-controlled companies establishing an eligible business in BC with the timely entry of foreign key managerial, professional or technical staff who intend to become permanent residents of Canada and settle in B.C.

Eligibility Requirements for Companies

• Make a minimum equity investment of $500,000.
• Create at least three new jobs for Canadian citizens or permanent residents for each foreign key staff member proposed (to a maximum of five key staff).
• Establish or purchase and expand a company in BC.

The Application Process

• 1. Exploratory visit to BC
• 2. Discuss proposal with BC PNP officials and register the company’s interest to apply
• 3. Apply
• 4. If approved, the company signs a Performance Agreement with BC. A work permit support letter is issued to each key staff member so they can apply for a two-year work permit from IRCC.
• 5. After the work permit is complete, if the company has met the terms and conditions of the Performance Agreement, the key staff members will be nominated for permanent residency.