BC Entrepreneurs’ main category is back after a year-long hiatus

Canada Immigration News: After hitting the pause button about a year ago, British Columbia is accepting applications for the basic Entrepreneur Immigration (EI) category of its Entrepreneur Nominee Program. provinces.

The basic category of this program was temporarily halted on July 19 last year as the West Coast Province considered how best to align it with its immigration and economic recovery priorities.

The entire BC PNP EI Core Category Curriculum Guide is online and lists 18 updates that have been made, most of which are minor clarifications or additional requirements.

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BC Entrepreneur Immigration: Main Category to Reopen with Changes in July

But there was a very important change to the program. As of July 13, BC immigration officers can target invitations to apply (ITA) based on new factors, including:

  • the business sector;
  • proposed place of business;
  • the population of the community, and;
  • whether the business is a start-up or the purchase of an existing business.

In 2019, the last full year before the COVID-19 pandemic, British Columbia sent 232 ITAs to candidates in the base category of this program and will now resume these regular draws for qualified high-scoring contractors under the registration pool.

Applicants to the EI stream must meet certain requirements, including having a net worth of $600,000, investing at least $200,000 in a new or existing business, and establishing full-time employment for a Canadian citizen or permanent resident.

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Under the basic category of the BC PNP EI program, which is aimed at experienced entrepreneurs who wish to establish new businesses or take over one in British Columbia, applicants must meet several requirements to be eligible.

Contractors must have acquired over the past 10 years either:

  • three or more years of experience as a business owner-manager, or;
  • at least four years of senior management experience, or;
  • a combination of one or more years of experience as a business owner-manager and at least two years of experience as a senior manager.

They must also have a net worth of at least $600,000 and must submit a business proposal to start a new business or purchase an existing one in the province for a minimum investment of $200,000 and intend to retain at least a third-party stake in this business.

Requests are usually processed within 4 months

The business, which can be owned in partnership, can be located anywhere in British Columbia, but must create the equivalent of at least one full-time job for a Canadian citizen or permanent resident.

The educational requirements of the candidate in the basic category of this program vary according to his previous experience as an entrepreneur or manager.

Those who have had experience as owner-managers of active businesses for at least three years in the last five years in businesses of which they were the sole owners do not need to meet a requirement of studies. Those without this experience must have completed a post-secondary degree.

These contractors must also have achieved level four proficiency in either French or English, as measured by the Canadian Language Benchmark Tests (CLBC), and must submit a copy of their test results.

The registration fee for this category of the EI program is $300 and these registrations are noted within six weeks.

The highest possible score is 200 points, with 120 possible points for the self-declared section and another 80 possible points for the business concept. Applicants must score a minimum of 40 points in the business concept section and have a total score of at least 115 points to qualify.

The application fee is $3,500 and decisions are usually made within four months.

“At the application stage, you must demonstrate your intention to reside within 50 km of the business you intend to operate (unless otherwise specified in your performance agreement),” the guide notes.

“This distance is measured by the shortest available route by road. Travel between your home and your business must not require crossing a body of water which would require a ferry ride of more than 30 minutes. You must also demonstrate your intention to reside in British Columbia while on a work permit.