British Columbia B.C. Entrepreneur Immigration (EI) Regional Pilot program added eight communities in its list. B.C. has introduced the EI Regional Pilot program for International Entrepreneurs who are looking forward to establishing a new business in a smaller, regional community in B.C.
This program was launched in March and communities with a population of fewer than 75,000 people situated 30 km away from an urban center have been participating in this program. With the addition of eight new communities in this regional pilot program, the total number of communities has been increased to 66.
Useful link : How to apply for Canada Permanent Residency Visa?To attract overseas entrepreneurs, participating communities have to prove that they can provide eligible entrepreneurs a network of settlement and business agencies and community representatives have to attend immigration and pilot-specific training to host investigative visits for interested candidates.
Useful Link - Stepwise process to apply for Canada Express Entry System in 2019Potential entrepreneurs must have to do an investigation visit to the community, where they are planning to set up their business. After the visit, they must put forward their business proposal to a community representative and in return, get a referral to register under the pilot.
At the registration process, candidates have to submit personal information including details about their work/business experience, education, language ability, net worth, and information on the projected business, among other details. The personal net worth requirements in the Regional Pilot program has been reduced in comparison with the Entrepreneur Immigration – base category. This is done to show the less cost to start a business and settle in rural regions of B.C.
Learn more : Calculate your points on CRS points calculator to check your eligibility for Canada PRTo be eligible for EI – Regional Pilot Category, candidates must:
a) Have a minimum of $100,000 in eligible business investments; b) Have a minimum personal net worth of $300,000; c) Have 3+ years of experience as an active business owner-manager or 4+ years as a senior manager within the last five years; d) take on a minimum of 51 percent ownership; e) create a minimum of one new job for a Canadian citizen or permanent resident of Canada; f) have minimum proficiency in English or French equal to Canadian Language Benchmark (CLB) 4; g) Have to meet the complete eligibility criteria. Learn more : Time to apply for Provincial Nominee Program of CanadaOnce the registration is done, candidates are given a score. Candidates with the highest scores will be invited by the BCPNP through monthly invitation rounds to submit a complete application. The processing time of applications is four months, and applicants might be invited to attend an in-person interview in Vancouver to talk about the details in their application.
After getting approval, applicants have to sign a performance agreement with BC PNP that includes criteria that are to be fulfilled to receive a nomination for Canada permanent residence. Successful applicants get a work permit support letter from the BC PNP and later, they are eligible to apply for a two-year temporary work permit to the Canada Government. If the BC PNP finds that the terms and conditions of the Performance Agreement have been met, they will nominate candidates for permanent residence.
For availing more information about B.C. Enterpreneur Immigration category, you can contact our Immigration experts on +91-7042184185 or drop down your queries at info@makevisas.com.