British Columbia’s Entrepreneur Immigration Registration (EIR) is an online registration system. After registering online, a maximum of 200 registrations may be accepted per month, and the BC PNP will periodically invite the highest-scoring registrants to submit applications. Successful applicants will obtain a work permit and, if the business operations in British Columbia meet the requirements on an ongoing basis, they will be able to apply for permanent residence in Canada through the BC PNP.
Applications are assessed on a number of factors, including:
• Business and/or work experience
• Personal net worth and source of funds
• Adaptability and Business proposal, which includes proposed investment and job creation in B.C.
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The applicant must not
• Be prohibited from entering Canada
• Be or have been in Canada illegally
• Have an unresolved refugee claim in Canada
• Be under a removal order in Canada
• Personal net worth of at least $600,000 (including cash, assets in bank accounts, fixed deposits, real properties, investments, etc) under the candidate’s name or candidate’s spouse’s name. The net worth must be legally obtained and verifiable
• A minimum of two years of post-secondary education or experience as an active business owner-manager with 100 percent ownership of the business for at least three of the past five years
• The 100 percent ownership may be shared between the applicant, the applicant’s spouse, and any dependent children.
• Work experience — the candidate must demonstrate that he or she has sufficient knowledge and experience to successfully establish his or her business in B.C.
Minimum Personal Requirements
• Active and ongoing management of the day-to-day business operations;
• Demonstrated residence in B.C. within 100 kilometres of the business;
• The applicant must demonstrate B.C. residence for at least 75 percent of the time while on a work permit
• Admissibility to Canada
The candidate must have a minimum of
• More than three years of experience as an active business owner-manager, or
• More than four years of experience as a senior manage, or
• A combination of at least one year of experience as an active business owner-manager and at least two years of experience as a senior manager.
Minimum Business Requirements
The registration must include a short business concept that will be assigned points based on proposed commercial viability, transferability of the candidate’s skills, and economic benefits. If the candidate is subsequently invited to apply, he or she will be required to submit a comprehensive business plan. The BC PNP will consider registrations to establish a new business, purchase an existing business, form a partnership with an existing business, and partner with a local or foreign entrepreneur to establish a new business.
Minimum Investment Requirements
In order to register, the candidate must demonstrate that he or she will make an eligible personal investment of at least $200,000 CAD in the proposed business. If proposing a Key Staff Member, the candidate must demonstrate that he or she will make an eligible personal investment of $400,000 CAD.
Minimum Job Requirements
Candidates must demonstrate that they will create at least one permanent new full-time equivalent job for a Canadian citizen or permanent resident in the proposed business as well as the likelihood of supporting long-term employment of Canadians or permanent residents in the business. Job creation requirements differ for candidates who proposed to include a Key Staff member on their application.
The Invitation to Apply
Meeting the minimum eligibility requirements does not guarantee that a candidate will be invited to submit a complete application.
If a candidate has entered into the selection pool, his or her final registration score will be ranked along with other registrants. Periodically, the BC PNP will invite the highest-ranked registrants to apply to the Entrepreneur Program. If a candidate is invited to apply, he or she will receive an email notification and will have up to four months from the date of invitation to submit a complete application.
At this stage, the applicant must pay a $3,500 CAD processing fee to the province. His or her spouse and dependent children are included in the application fee.
If requested, he or she will be required to attend an in-person interview at the BC PNP office in Vancouver. Interviews are conducted in English or French only.
If an application is approved, the BC PNP will issue a Letter of Confirmation. This serves as a work permit support letter in order to apply for a two-year work permit to Immigration, Refugees, and Citizenship Canada (IRCC). This will enable the applicant, along with his or her family, to move to B.C.
and implement the business plan. The applicant will sign a Performance Agreement and will have up to 20 months to implement the business proposal in B.C.
Applicants who are invited to apply will need to engage a qualified supplier to verify their personal net worth and accumulation of funds as part of the nomination process.
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Transition to Permanent Residence
If the individual meets the requirements of the Performance Agreement within the 20 months, the BC PNP will nominate him or her for permanent residence. He or she, along with his or her dependent family members can then apply for permanent residence under the BC PNP with IRCC.
Once the entrepreneur completes the terms of the Performance Agreement, he or she can submit a Final Report to the BC PNP to be issued a nomination certificate. The entrepreneur must demonstrate to the BC PNP that he or she:
• is actively managing a business (i.e., be accountable for the day-to-day operations of the business) in British Columbia.
• resides within 100 kilometers of the business.
• has been physically present in BC for at least 75 percent of the time that he or she was on a work permit.
• has complied with any other terms of the Performance Agreement.