BC PNP Entrepreneur Immigration

Your Immigration Consultant for Canada

BC PNP Entrepreneur Immigration

Your Immigration Consultant for Canada

Interested in Immigrating to Canada? If you are a business owner and are willing to invest in British Columbia, you should consider BC PNP Entrepreneur immigration. Successful candidates and their spouses can first receive a Canadian work permit, and then permanent residence for themselves and their family.

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    How does the BC PNP Entrepreneur work?

    The BC PNP is British Columbia's version of the Canada-wide Provincial Nominee Program, which gives Canadian provinces the power to select specific individuals for immigration, based on the their economic needs. Distinct from the Skills Immigration category which caters to skilled workers with employment in BC, the Entrepreneur category is designed for business owners and managers with the means and the desire to invest in a business in the province. Because of lower age and language requirements, BC PNP Entrepreneur serves as permanent residence option for people who are not competitive in Express Entry, but do have the financial ability to make a significant investment in British Columbia.

    BC PNP Entrepreneur Minimum Requirements (Base Category)

    The following requirements need to be met for anyone considering the BC PNP Entrepreneur stream:

    • A personal net worth of at least CAD $600,000, confirmed by an independent financial audit
    • A minimum personal investment of CAD $200,000 in a new or existing business anywhere in BC, with at least 1/3 ownership of the business
    • At least three years of experience as a business owner-manager, or at least 4 years of experience as a senior manager (or a combination of 1 year as an owner-manager and 2 years as a senior manager)
    • A completed post-secondary credential (without a post-secondary credential, you must have at least 36 months experience as an owner manager, with 100% ownership in the business)
    • Basic English or French skills (at least a level of CLB 4)
    • A viable business plan which shows your investment will create at least one full-time job for a Canadian citizen or Permanent Resident

    Minimum Requirements for the Regional Pilot of BC PNP Entrepreneur

    The BC PNP Entrepeneur Regional Pilot has has lower financial requirements than the Base Category. You can consider this stream if you are willing to invest in a select small community outside of the Greater Vancouver area, and meet the following minimum requirements:

    • A personal net worth of at least CAD $300,000, confirmed by an independent financial audit
    • A minimum personal investment of CAD $100,000 in a new or existing business in a select regional community in BC, with at least 51% ownership of the business
    • At least three years of experience as a business owner-manager, or at least 4 years of experience as a senior manager (or a combination of 1 year as an owner-manager and 2 years as a senior manager)
    • Basic English or French skills (at least a level of CLB 4)
    • A viable business plan which shows your investment will create at least one full-time job for a Canadian citizen or Permanent Resident

    Eligibility for the Regional Pilot also requires active involvement of the community of business establishment. An exploratory visit to the community, as well as a referral by the community to the BC PNP, is required.

    Requirements for Active Management and Residencey

    The BC PNP Entrepreneur stream requires that you actively manage the business that you establish or invest in. In other words, it is not a passive investment program like the Quebec Investor Program. Active management means being accountable for day-to-day operations of the business, and being physically present at the place of business in BC.

    To receive your work permit you must demonstrate that you have the intention to reside within 50 kilometers of the proposed business,. To be approved for a provincial nomination, you must demonstrate that you hav been physically present in BC for at least 75% of the time that you had your work permit.

    The Steps to Immigrate through BC PNP Entrepreneur

    Below are the steps required to obtain permanent residency through the BC PNP Entrepreneur stream:

    1. Confirm your eligibility and competitiveness, and develop a viable business plan which involves either investing in an existing BC business, or starting a new business. This may require an exploratory visit to BC to meet with potential partners, identify a business to purchase, and/or to do other preliminary planning.
    2. Register with the BC PNP and recieve your registration score. The highest scoring candidates will be invited to submit a full application to the BC PNP.
    3. Submit an application to the BC PNP. You may be required to attend an interview. If your application is approved, you will be required to sign a performance agreement, and you will then receive a support letter to apply for your work permit.
    4. Apply for your work permit. Once approved, come to BC to implement your business plan.
    5. After carrying out your business plan, submit a Final Report to the BC PNP.  If you are found to have met your performance agreement, you will receive a provincial nomination.
    6. Apply for permanent residence under the Provincial Nominee class.

    What Type of Businesses are Eligible or BC PNP Entrepreneur?

    There is a wide range of options for the type of business you can invest in or establish in BC. The business concept does not need to be innovative or groundbreaking. The key metric is that your investment will be beneficial to the Canadian and BC economy.  Viable businesses include hotels, restaurants, as well as franchise businesses.

    The below types of businesses are not eligible for the BC PNP Entrepreneur stream:

    • Home-based businesses, including hobby farms and bed & breakfasts
    • Payday loan, cheque cashing, money changing and cash machine businesses
    • Pawnbrokers
    • Scrap metal recycling
    • Coin-operated laundries
    • Automated car wash operations
    • Businesses primarily selling used goods, with the exception of those providing value-added services such as repairs, refurbishing, or recycling
    • Real estate development/brokerage, insurance brokerage or business brokerage
    • Businesses engaged in the production, distribution, or sale of pornography or sexually explicit products or services, as well as those providing sexually oriented services
    • Any business type that might put the BC PNP or the Government of British Columbia in disrepute
    • Any "investment scheme" linked to immigration, as defined by IRPA/IRPR

    The below businesses are not acceptable if established in a community of more than 300,000 in population:

    • Convenience stores
    • DVD rental stores
    • gas stations
    • personal dry-cleaning services
    • tanning salons

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