In order to further improve the province's economic condition, British Columbia is always seeking skilled workers and immigrants. As this province has a strong focus on the natural resources sector, forests, and mining, many foreign skilled immigrants are interested in settling in this province due to its stable economy. In this province, the provincial nominee program works with the federal immigration program (Express Entry) and uses the CRS calculator for Canada immigration. Although British Columbia always looks forward to having highly skilled immigrants, the demand for entrepreneurial foreign skilled candidates is also high. There is a stream that emphasizes on foreign entrepreneurial immigrants and that stream is called British Columbia Entrepreneur Stream.

About BC Entrepreneur Stream

This stream is launched by British Columbia to provide opportunities to settle and be permanent residents of the British Columbia to foreign entrepreneurial immigrants and business owners. This stream emphasises on those business owner candidates whose company has a great track record in business management, ownership and investment. Immigrants with high incomes and international corporations with high net worth are eligible to set up a new business in British Columbia and get the highest CRS points by CRS calculator for Canada. There are three categories under this stream that cater to different types of entrepreneurial immigrants.

1.     BC Entrepreneur Category

This category is for those candidates who have the experience of managing their own business or have worked at senior management level. This category provides a great pathway to be a permanent resident of British Columbia for those candidates. Candidates must have an impressive and successful business plan to get nominated by the province to apply for permanent residence. In order to be considered eligible for the category, the candidates need to start their new business in the province in which they have to participate in daily tasks and manage them successfully. An entrepreneurial candidate may be nominated for the permanent residency after operating a business successfully for at least 550 days and with that nomination the candidate will also get additional 600 points by CRS calculator for Canada.

Requirements for the category:

✔      Work Experience

This stream requires work experience because the candidates who have enough experience can set up and run a business efficiently and also earn maximum CRS points by CRS calculator for Canada. Candidates who have the experience in managing business and knowledge to establish it successfully, will get the nomination from the province. In order to be eligible for this stream, candidates who are business owners must have at least 3 years of experience and 4 years of experience for those candidates who are senior manager in a company and still working. There must be some candidates who have worked as a senior manager and also managed their business. For those candidates 3 years of experience is required, 1 year as a business owner and 2 years of senior management.

✔      Investment Requirement

For this stream, candidates need to have a significant net worth and also, they have to invest a certain amount of capital to meet the requirement. Candidates need to have at least $600,000 CAD of net worth and have to invest at least $200,000 CAD in their new business or in an existing business in the province. When candidates are planning to purchase a business then they have to earn at least 33.33% of the business that is exactly one-third of the business. Candidates can contact one of the best ICCRC registered consultants in Delhi for more information.

✔      Level of Education

Candidates must have completed their graduation to meet the educational requirement. If a candidate has five years of experience as an owner-manager with 100% ownership in an active business, then they are eligible to meet this requirement. If candidates can successfully achieve this level of education, then they earn maximum CRS points by CRS calculator for Canada.

✔      Language Proficiency

It is important for the candidates to meet the language proficiency requirement. For this category candidates need to score minimum CLB 4 in the language ability test in which all the four areas will be covered – speaking, listening, writing and reading. To achieve proficiency candidates can take assistance from any ICCRC registered consultants in Delhi.

Procedure to apply for the category

Candidates who are interested in starting or investing in a business in British Columbia are required to create a profile. This profile will be created on the official website of the BC PNP. Candidates need to submit their profile to the provincial officials. After submitting the profile, the score-based system of British Columbia will assess the candidate’s profile and score them. Candidates with the highest score will be invited to submit their official application to apply for permanent residency in British Columbia. Applicants who wish to establish a branch office or operating facility in BC through the Strategic Projects initiative may be eligible to submit an entrepreneur application. Through this program, innovative companies can transfer up to five foreign employees to BC to manage the proposed operation. And also, for in-depth information consulting any ICCRC registered consultants in Delhi would be beneficial.