BC PNP To Introduce New Entrepreneur Pilot Stream In 2019
Posted On: Mon, Sep 16 2019
The province of British Columbia is launching new immigration pilot program to bring in more immigrant entrepreneurs to come and settle in the less populated regions of the province.
The new two - year pilot, called the Entrepreneur Immigration- Regional Pilot is expected to open early in 2019. The British Columbia Provincial Nominee Program (BC PNP) will partner with communities of less than 75,000 residents to facilitate the settlement of newcomer entrepreneurs.
The British Columbia community should be located more than 30 kilometers away from an urban centre of more than 75,000 people. The pilot is designed to help smaller communities of British Columbia by attracting business persons, providing employment and contribute to the local economy.
Therefore, to register for BC PNP, individuals interested in the pilot stream need an official community referral resulting from an exploratory visit to the community where they are planning to establish a new business.
Apart from referral of the community, the other eligibility requirements for new pilot stream include:
- A minimum business investments of $100,000
- A minimum personal net worth of $300,000
- Business and/or work experience of more than 3 years as an active business owner-manager or more than 4 years of experience as senior manager in last 5 years.
- A minimum of 51 percent ownership of the propose business
- Should able to create at least one job for Canadian Resident or permanent resident
The information session for the communities will be held on December 6, 2018 by the province of British Columbia.
The foreign applicants who are looking to acquire a pre-existing business can check their eligibility to apply for business immigration to British Columbia under the BC PNP Entrepreneur Immigration.
If you wish to know more information about the BC PNP Entrepreneur Stream and other PNP programs, you may fill our free assessment form and one of Aptech Global experts will contact you soon to discuss Canada PR case.