British Columbia to welcome International Entrepreneurs under Regional Pilot Program

British Columbia has opened the door for International Entrepreneurs who’re keen to immigrate in the province. Now, they can make the first move to obtain a community referral under the province’s new Regional Pilot program. It got launched on March 14 with the mission to help smaller and remote communities in the provinces via creating jobs and attracting new businesses. The temporary work permit to initiate the business is provided to the experienced entrepreneurs under the Entrepreneur Immigration-Regional Pilot provided they have to meet all the conditions mentioned in the agreement. The pilot belongs to the regional communities of less than 75,000 people and was constructed to tackle the demographic and cost-effective challenges of the towns and cities are facing. Around 30 communities are part of this program and looking for eligible participants to the British Columbia Provincial Nominee Program (BC PNP) for deliberation. To be eligible to chip in, communities should have all the support services to help business owners and their families settle.

Working process of Pilot Program

1. Entrepreneurs are required to evaluate their eligibility and then, complete an exploratory visit to the community where they want to commence their business. At the time of the exploratory visit, candidates have to put forward their business proposal to the community’s designated pilot representative. After the completion of the visit, the entrepreneur may call for a referral community to get registered under the pilot.
2. The candidate has to submit all the details including work/business experience, education, language ability, net worth, and information on the wished-for business, at the time of the registration process.

Other requirements need to be fulfilled by the candidates:

1.  Have a minimum of $100,000 in eligible business investments;
2. have a minimum of $100,000 in eligible business investments;
3. have a minimum personal net worth of $300,000;
4. have 3+ years of experience as an active business owner-manager or 4+ years as a senior manager within the last five years;
5. take on a minimum of 51 percent ownership;
6. create a minimum of one new job for a Canadian citizen or permanent resident of Canada;
7. have a minimum proficiency in English or French equal to Canadian Language Benchmark (CLB) 4.

High-scoring candidates will be invited to lodge an application to the BC PNP all the way through monthly invitation rounds. The applications will be evaluated in tenure of four months and applicants may be asked to appear for an individual interview in Vancouver to converse the particulars of their application.  The applicants who got accepted under the pilot program have to sign a performance agreement with the BC PNP that includes all the process that should be met to get nominated for Canadian permanent residence. Booming applicants get the work permit support letter from the BC PNP and later on, are eligible to appeal for a two-year temporary work permit from the Canadian Government. Entrepreneurs who are able to meet the terms and conditions of their performance agreement will be nominated for Canadian permanent residence. For availing more information about Canada permanent residency or about this program, you can contact Make Visas experts. To reach them, contact our official helpline +91-7042184185 or drop down your queries at info@makevisas.com.

FILL OUT A FREE ASSESSMENT FORM HERE