BCPNP Entrepreneur immigration is among the most effective program to migrate to Canada especially for business owners or entrepreneurs. It allows them to either start their business or buy an existing business in British Columbia. In the previous blog we have already discussed about what is EI-Base Category program, its basic requirements and its application process. In this guide you will learn more about what business concept qualifies under this program.
British Columbia is the third largest and westernmost province of Canada. It offers vast opportunities for immigration pathways under Provincial Nomination Program (PNP). It helps many entrepreneurs to enter into the country via BC PNP Entrepreneur Stream. Among them one such program is BC PNP’S EI Base Category. This EI (Entrepreneur Immigration) Base Category allows entrepreneurs having a strong intent to establish new business or buy an existing business in British Columbia by securing a minimum investment and initiate a path towards their PR journey.
WHO IS ELIGIBLE TO APPLY?
| ELIGIBILITY CATEGORIES | MINIMUM REQUIREMENTS |
|---|---|
| Experience | More than 3 years of experience as a business owner, or 4+ years of experience as senior manager or combined 1 year of experience as business owner & 2+ years of experience as senior manager |
| Net Worth | CAD 600,000 |
| Education | Post-Secondary Certification (Degree, Diploma, Certificate) or at least 3 years of experience as business owner in last 5 years |
| Investment | CAD 200,000 |
| Ownership Percentage % | At least one-third (33.33%) |
| Language Requirement | Basic of English or French proficiency with CLB 4 |
| Hiring for Job | Must recruit at least one Canadian Citizen or Permanent residence for full-time equivalent job. |
On November 1 , Canada announces its new immigration plans to boost their economy. Sean Fraser, the Minister of Immigration, Refugees and Citizenship Canada released the Immigration level plans of Canada to elevate immigration and to attract the newcomers; helping businesses to find workers. Canada is facing critical phase due to shortage of labour in various key sectors impacting the economy of Canada.