British Columbia (BC) Business Immigration

The Business Immigrants component of BC’s PNP considers applications from experienced business entrepreneurs who plan to invest in and actively manage an eligible business in BC
Business Immigrants fall into one of three categories:

  1. Business Skills :-Applicants for nomination in the Business Skills category will be required to:
    • Make a personal investment of at least $400,000 CAD to establish or to purchase and expand an eligible business anywhere in BC
    • Create at least three new jobs in the business for Canadians or permanent residents, except when the applicant is applying as a regional Succession Plan Buy-out which reduces this requirement by one job for each existing job to be maintained.
    • Own at least one third (33 1/3%) of the equity of the business.
    • Provide active and on-going participation in the day to day management and direction of the business.
    • Demonstrate that they have:
      • The skills and experience necessary to establish and operate a commercially viable business in BC
      • A personal net worth of at least $800,000 CAD obtained from legal sources
      • Sufficient unencumbered personal funds to make the required investment and
      • A viable business proposal
    • Sign a performance agreement with the Province of British Columbia.
    • Satisfy the conditions of the Performance Agreement in order to be nominated for permanent residence. 
  2. Regional Business: -Applicants for nomination in the Regional Business category will be required to:
    • Make a personal investment of at least $200,000 CAD to establish or to purchase and expand an eligible business anywhere in BC outside of the Vancouver metropolitan area and the Abbotsford metropolitan area .
    • Create at least one new job in the business for a Canadian or permanent resident, except when the applicant is applying as a regional Succession Plan Buy-out.
    • Own at least one third (33 1/3%) of the equity of the business.
    • Provide active and on-going participation in the day-to-day management and direction of the business.
    • Demonstrate that they have:
      • The skills and experience necessary to establish and operate a commercially viable business in BC
      • A personal net worth of at least $400,000 CAD obtained from legal sources
      • Sufficient unencumbered personal funds to make the required investment; and
      • A viable business proposal.
    • Sign a Performance Agreement with the Province of British Columbia.
    • Satisfy the conditions of the Performance Agreement in order to be nominated for permanent residence.
  3. Strategic Projects:  The Strategic Projects category assists foreign-controlled companies establishing an eligible business in BC, strategic to their core business activities, with the timely entry of foreign key managerial, professional or technical staff, up to a maximum of 5 per company, who intend to become permanent residents of Canada and settle in BC. If the owners of the companies wish to immigrate they should submit an application under the Business Skills or Regional Business categories.
    Companies applying in this category will be required to:
    • Make a minimum equity investment of $500,000.
    • Create at least three jobs for Canadian citizens or permanent residents in BC for each Key Staff proposed by the Sponsor Company. However, if the Sponsor Company is applying as a Business Succession Plan Buy-out, then they have the option to create three positions for Canadians or permanent residents, or maintain the employment of three Canadians or permanent residents in BC for each proposed Key Staff.
    • Demonstrate a record of good business practices and successful business operations outside of Canada that are relevant to the proposed business.
    • Establish or purchase and expand an eligible business anywhere in BC
    • Incorporate a Canadian subsidiary or register an extra-provincial company in BC to operate the proposed business.
    • Demonstrate that the Key Staff are qualified senior personnel who are essential to establishing or expanding and operating the proposed business in BC
    • Sign a Performance Agreement with the Province of British Columbia.

 

The basic criteria for consideration under all three of the business categories relates to business eligibility:

  • The primary purpose of the business is to earn profits from active income from the supply of products/services;
  • The business' sustained commercial viability must be probable;
  • The business must provide economic benefit to BC by contributing to one of the following:
    • Increasing the exports of goods/services;
    • Increasing value-added manufacturing,  processing, or primary resource activity;
    • Increasing BC tourism;
    • Increasing research and development and technology commercialization;
    • Creating innovative approaches to traditional businesses;
    • Servicing an underserved regional market;
    • Transferring skills, technology, and know-how to bc;
    • Succession plan buy-outs where eligible businesses are purchased from retiring owners.

 

 

If you would like to make an application under this immigration category or would like to speak with us regarding your eligibility for this program please call North American Immigration services(india)pvt.Ltd. during office hours Monday to Saturday 9:30 am to 5:30 pm at 91-11-4160 5455 / 4160 5456, 91-93122 33065. Other query must be sent to visainfo@vsnl.net / visainfo_1998@yahoo.com.

 

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