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. |
The Saskatchewan Immigrant Nominee Program (SINP) carried out an Entrepreneur draw on the 3rd of November. The draw on November 3 issued invitations to 55 candidates including the Expression of Interest (EOI) scores ranging between 85 and 120.
Intra-Company Transfer (ICT) allows companies to move skilled workers to Canada to increase the effectiveness of management as well as to grow Canadian companies revenue. It’s a part of Canada’s International Mobility Program. This is facilitated by companies having, branch, affiliate branch, affiliate or subsidiary located in Canada and allows them to transfer their businesses to Canada and receive a Work Permit.
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.
Immigrants continue to make a significant contribution to Canada’s economy and society. In Canada’s aging population, it is expected that the contribution of immigrants will increase. Canada’s best kept secret is the Immigrant-Owned Business! Around 33% of businesses in Canada are owned by immigrants. These businesses play a crucial role in generating employment for workers in Canada and also make a considerate impact on Canada’s economy.
According to Statistics Canada, 24.5 – 30 % of the population will be immigrant in Canada by 2036. Immigration will always be the main contributor in the future growth of Canada. In 2036, Canada will have almost half its population made up of immigrants or second-generation people.
A second-generation person is a non-immigrant individual born in Canada who has at least one parent who was an immigrant in Canada.