The British Columbia PNP has added new communities to its Entrepreneur Immigration-Regional Pilot Program.
The EI-Regional Pilot Program was launched on 14th March 2019. The stream focused on overseas entrepreneurs who wanted to set up their own business or buy existing businesses in the regional areas of the province.
Each participating community have a unique way of selecting eligible candidates from the submitted applications. These communities select the applicants they are interested in. They then arrange exploratory visits for these overseas entrepreneurs. Finally, they nominate the approved candidates to BC PNP for a provincial nomination.
Initially, 30 communities were participating in the pilot.
The below communities have now been included in the 2-year Pilot Program:
- Northern Rockies Regional Municipality
- Houston Rural
- Vanderhoof Rural
- Francois/Ootsa Lake Rural
- Fraser Lake Rural
- Fort Saint James Rural
- Burns Lake Rural
- Smithers Rural
- Sayward
- Osoyoos
- Hope
The British Columbia PNP may add more provinces to the Pilot by the end of the month, as per CIC News.
Here are the eligibility requirements of the Entrepreneur Immigration-Regional Pilot Program:
- Applicants must demonstrate their intent to actively manage a business in the province
- Applicants must live within the boundaries of the regional community that has supported their EI-Regional Pilot registration and application
- Applicants must have a personal net worth of at least $300,000. An applicant’s net worth should be legally procured and verifiable.
- Applicants need to make a minimum investment of $100,000 in the proposed business. The investment has to be made within 610 days of arriving in British Columbia.
- Applicants should have experience of at least 3 years as a business owner or 4 years as a Senior Manager in the recent 5 years
- Applicants should have completed post-secondary education, that is, hold a degree, diploma or a certificate from a post-secondary institute
- Applicants need to demonstrate English proficiency of at least CLB 4 or higher
- Applicants should have at least 51% ownership in their business in British Columbia
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