BC Entrepreneur Strategic Projects
Summary:
The British Columbia Provincial Nominee Program (BC PNP) offers the Entrepreneur Immigration – Strategic Projects stream, designed for established foreign corporations aiming to expand their operations into British Columbia (B.C.). This pathway enables companies to establish a presence in B.C. and nominate up to five key staff members for Canadian permanent residency.
Eligibility Requirements
Corporate Requirements:
Financial Standing: The corporation must be in excellent financial health, demonstrating good business practices and successful operations relevant to the proposed B.C. business.
Investment Commitment: Commit to a minimum equity investment of CAD $500,000 to establish, purchase, or expand a business in B.C.
Job Creation: Create at least three new jobs for Canadian citizens or permanent residents for each nominated key staff member (up to five key staff).
Key Staff Requirements:
Position: Proposed key staff must hold senior or executive positions essential to establishing and operating the B.C. business.
Eligibility: Key staff must be eligible for immigration to Canada and not be prohibited from entering the country.
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Application Process
Exploratory Visit: Senior executives are encouraged to visit B.C. to explore opportunities and understand the local business environment.
Proposal Discussion: Contact the BC PNP to discuss the business proposal before registering.
Registration: Submit a registration including company details, proposed investment, and key staff qualifications. A processing fee of CAD $300 applies.
Invitation to Apply: If deemed eligible, the company will be invited to submit a full application within 90 days.
Application Submission: Provide a complete application package with all required forms and supporting documentation. The application fee is CAD $3,500 for the company and an additional CAD $1,000 for each key staff member.
Performance Agreement: Upon approval, sign a Performance Agreement outlining the terms and conditions for establishing and operating the business in B.C.
Work Permit and Arrival: Each key staff member will receive a work permit support letter to apply for a two-year work permit. They must arrive in B.C. within 180 days of the letter’s issuance and submit an arrival report within 60 days of arrival.
Business Establishment and Nomination: After fulfilling the Performance Agreement obligations, submit a final report to the BC PNP. Upon verification, key staff members will be nominated for permanent residency.
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I’m Rashid Ali, a Licensed Canadian Immigration Consultant, having a designation of RCIC (Regulated Canadian Immigration Consultant) from the College of Citizenship & Immigration Consultants of Canada or CICC (Previously known as ICCRC). CICC is the official regulator of immigration consultants in Canada. I’m also a member of the Canadian Association for Professional Immigration Consultants (CAPIC).
