British Columbia Entrepreneur Immigration: Main Category To Reopen With Changes In July

Canada immigration news: An updated version of the base category of British Columbia’s Entrepreneur Immigration stream will reopen in July 2022, the province has announced.

The British Columbia Provincial Nominee Program (BCPNP) has been paused for a review since July 2021.

In an announcement on the BCPNP website, the province said a new guide for the stream would be published when it reopens.

Candidates for the EI stream must meet requirements including a net worth of $600,000, investing at least $200,000 in a new or existing business and creating one full time job for a Canadian citizen or permanent resident.

British Columbia also operates Regional Pilot and Strategic Projects business categories, both of which remain open.

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British Columbia Entrepreneur Immigration Stream

Eligibility Requirements for Main Category

The personal net worth of minimum $600,000, legally obtained.
Invest minimum $200,000 in an eligible new business or to purchase and improve an existing business in BC.
Create at least one new full-time job in your business for a Canadian citizen or a permanent resident.
Canadian Language Benchmark Level 4 In English or French in each of the four competencies: listening, speaking, reading and writing, BY THE TIME OF NOMINATION.
Suitable business and/or management experience.
Have, or be eligible for, legal temporary immigration status in Canada.
Have been lawfully admitted to the country where you currently reside.

British Columbia Entrepreneur Immigration – Regional Pilot

Eligibility Requirements for Candidates

Net worth of minimum $300,000.
Minimum of $100,000 in eligible business investments.
Minimum of 51% ownership in the new business.
Canadian Language Benchmark Level 4 In English or French in each of the four competencies: listening, speaking, reading and writing.
Create at least one new full-time job for a Canadian citizen or permanent resident.
Conduct an exploratory visit in the target community

Eligibility Requirements for Communities

A population of fewer than 75,000 people.
Located beyond 30 km of a municipality of more than 75,000 people.
Demonstrate capacity to support the entrepreneur through a network of established settlement and business support agencies.

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Colin Singer

Colin Singer is an international acclaimed Canadian immigration lawyer and founder of immigration.ca featured on Wikipedia. Colin Singer is also founding director of the Canadian Citizenship & Immigration Resource Center (CCIRC) Inc. He served as an Associate Editor of ‘Immigration Law Reporter’, the pre-eminent immigration law publication in Canada. He previously served as an executive member of the Canadian Bar Association’s Quebec and National Immigration Law Sections and is currently a member of the Canadian Chapter of the American Immigration Lawyers Association. Colin has twice appeared as an expert witness before Canada’s House of Commons Standing Committee on Citizenship and Immigration. He is frequently recognized as a recommended authority at national conferences sponsored by government and non-government organizations on matters affecting Canada’s immigration and human resource industries. Since 2009, Colin has been a Governor of the Quebec Bar Foundation a non-profit organization committed to the advancement of the profession, and became a lifetime member in 2018.