Entrepreneur Regional Pilot

This BC PNP stream caters to seasoned entrepreneurs seeking to invest in and oversee a business in British Columbia. To be eligible, applicants need to be referred by one of the participating communities in BC within the program.

Program Eligibility

Requirement
Express Entry Profile –         Need not required to be registered under Express Entry Program
Job Offer –         Need not require job offer to apply under this stream
Level of Education –         Have a minimum level of education equivalent to post-secondary education, or

–         If they possess 3 years of experience as an active business owner-manager with full ownership (100%) in the last 5 years (100% ownership may be shared with their spouse and common-law partner or dependent children)

Work Experience –         At least 3 years of experience as an active business owner-manager in the last past 5 years having ownership of 10% or more, or

–         More than 4 years of experience as a senior manager in the last 10 years, supervising at least 3 full time employees, and their NOC TEER 0 or 1, or

–         A combination of at least 1 year of experience as an active business owner-manager and at least 2 years of experience as a senior manager.

–         Have had actively participated in the day-to-day operations of the business.

Language Proficiency –         Demonstrate language proficiency of minimum CLB Level 4 in English or French
Business Plan/Proposal –         Must submit a business proposal to establish a new business or purchase of an existing business in BC.
Personal Net Worth –         Have a minimum personal net worth of at least $300,000 CAD (Including personal net worth of spouse, common-law partner and dependent children).
Investment Requirement –         Make a minimum investment of $100,000 CAD. in a new or existing business.

–         Have ownership of at least 51% of the business.

–         Partnership with BC PNP co-registrant is not allowed.

–         Partnership with local business/person is allowed.

–         Create minimum 1 full time job for a Canadian citizen or permanent resident.

–         Have to establish business in participating communities.

Exploratory Visit –         Must engage & visit an enrolled community for support before registration.
Connection to BC –         Need not required specific connection to the province at the time of applying

–         Intend to live, work or settle business in the province.

Scores Requirements –         Must Score minimum of 105 points out of 200 points to qualify.
Business Performance Agreement –         Need to enter into business performance agreement.
Business Establishment and Operation –         Establish and operate the proposed business according to the business plan.

–         Reside in British Columbia and maintain their principal residence within 100 kilometers of the location of their business.

–         Spend at least 75% of their time physically present in British Columbia while on a temporary work permit.

How to Apply:

  • Register a profile on the BC PNP’s online portal.
  • Profiles are scored and ranked using the BC Entrepreneur Immigration Ranking System, and high-ranking candidates are invited to apply.
  •  Invited candidates submit a complete application within 120 days.
  • Pay registration and application fee, including fee for staff employee if applicable.
  • Attend an interview and sign a performance agreement with British Columbia.
  • Apply for a two-year work permit from IRCC.
  • Minimum amount of time to submit a final report is 12 months after the issuance of work permit.
  • If the performance agreement conditions are met, receive a provincial nomination.
  • Within six months, submit application for Canadian permanent residence.

BC Entrepreneur Regional Pilot – Scoring Factors

Scoring Sections Points
Self-declared
Experience & Ownership 24
Net Worth 6
Total Personal Investment 10
Jobs 15
Community Population 6
BC’s Region 12
Adaptability 67
Self-declared SUBTOTAL score 140
Business concept
Commercial Viability 30
Transferability of Skills 15
Economic Benefits 15
Business concept SUBTOTAL score 60
Maximum Score Available 200

Experience Total Duration

Experience Total Duration Points
Business owner-manager experience
Less than 12 months 0
12 to 24 months 7
25 to 36 months 12
37 to 48 months 16
49 to 59 months 19
60 months & more 22
Senior manager work experience
Less than 24 months 0
25 to 48 months 4
49 to 59 months 8
60 months & more 12
Maximum Score Available 22

Ownership Amount

Ownership Amount Points
Business ownership
Less than 36 months (3 years) of 100% business ownership in the past 60 months (5 years) 0
100% ownership of a business for at least 3 years of the last 5 years 2
Maximum Score Available 2

Personal Net Worth

Personal Net Worth Points
Your total current assets (cash and liquid funds)
Less than $10,000 0
$10,000 to $49,999 1
$50,000 to $199,999 2
$200,000 or more 3
Your total personal net worth
Less than $300,000 0
$300,000 to $999,999 2
$1,000,000 or more 3
Maximum Score Available 6

Personal Investment

Total Personal Investment Points
Less than $100,000 0
$100,000 to $349,999 6
$350,000 to $599,999 8
$600,000 or more 10
Maximum Score Available 10
   

Job Creation

Total Proposed Full Time Jobs Points
Less than 1 job 0
1 job 10
2 to 4 jobs 11
5 to 7 jobs 13
8 jobs or more 15
Maximum Score Available 15

Community Population

Community Population   Points
40,000 – 75,000 1
20,000 – 39,999 2
15,000 – 19,999 3
10,000 – 14,999 4
5,000 – 9,999 5
Less than 5,000 6
Maximum Score Available 6

BC Development Region

Location Based on B.C. Development Region Points
Lower Mainland/Southwest:

o   Fraser Valley

o   Greater Vancouvr

o   Squamish-Lillooet

o   Sunshine Coast

1
Vancouvr Island and Coast

o   Alberni-Clayoquot

o   Capital

o   Central Cost

o   Comox Valley

o   Cowichan Valley

o   Mount Waddington

o   Nanaimo

o   Powel river

o   Strathcona

2
Thomposon-Okanagan

o   Central Okanagan

o   Columbia-shuswap

o   North Okanagan

o   Okanagan-Similkmeen

o   Thompson-Nicola

6
Cariboo

o   Cariboo

o   Fraser-Fort George

10
Kootenay

o   Central Kootney

o   East Kootney

o   Kootney Boundary

10
Nechako

o   Bulkley-Nechako

12
North Coast

o   Kitimar-stikine

o   Skeena-Queen Charlotte

12
North East

o   Northern Rockles

o   Peace River

12
Maximum Score Available 12

Adaptability Factors

Adaptability Factor Points
Language proficiency
None or minimal, similar to CLB 3 and below 0
Basic understanding, similar to CLB 4 5
Intermediate and advanced, similar to CLB 5 10
Intermediate and advanced, similar to CLB 6 15
Advanced to fluent, equivalent to CLB 7 or higher 23
Education level
Secondary school or less 0*
Associate degree / Diploma / certificate (non-trades) 6
Diploma / certificate (trades) / Bachelor’s degree / Post-graduate diploma / certificate / 14
Master’s degree / Doctorate / PhD 16
Age
Less than 25 2
25 – 29 8
35 – 44 16
45 – 54 10
55 – 64 4
65 or older 0
 
Canadian work experience, business experience, or studies from within Canada for at least 12 months (last 10 years)
Less than 12 months 0
12 to 24 months of work/business or studies in Canada (with authorization) 4
More than 24 months of work experience or studies in Canada (with authorization) 8
Family member living in the community for at least 12 months
No 0
Yes 4
Maximum Score Available 67

Business Concept Factors:

Business Concept Factors:           

Points
Commercial Viability: 30
Business model (12 ponits)

o   Unsatisfactory/Unclear – 1

o   Fair/Good – 8

o   Excellent – 12

Market & products/services – (4 Points)

o   Does not satisfactory address any of the Market/product factors – 1

o   Addresses at least one of the Market/Product factors, and is consistent with business model – 4

Eligible personal investment – (4 Points)

o   Less than $100,000      – 0

o   $ 100,000 to $299,999 – 1

o   $ 300,000 to $499,999 – 2

o   $ 500,000 to $799,999 – 3

o   $ 800,000 or more       – 4

o    Assessment of proposed personal investment – (8 Points)

o   Investment proposal does not correspond to the type or scale of the business – 0

o   Investment proposal does not correspond to the type and scale of the business – 5

o   Investment proposal does not correspond to the type and scale of the business, the market, the proposed products and/or services, the business model, and the industry standard. – 8

 Ownership percentage – (2 Points)

o   100% ownership – 2

o   Between 51% and 99.99% – 1

o   Less than 51%  – 0

Transferability of skills
Business owner-manager experience only – (15 Points)

o   Less than 12 months – 0

o   12 to 35 months of (related experience) – 2

o   12 to 35 months of (direct experience) – 2

o   36 to 59 months of (related experience) – 6

o   36 to 59 months of (direct experience) – 10

o   60 months of (related experience) – 12

o   60 months of (direct experience) – 15

 

Senior manager work experience only – (10 Points)

o   Less than 12 months – 0

o   12 to 35 months of (related experience) – 1

o   12 to 35 months of (direct experience) – 4

o   36 to 59 months of (related experience) – 5

o   36 to 59 months of (direct experience) – 6

o   60 months of (related experience) – 8

o   60 months of (direct experience) – 10

15
Economic Benefits 15
Significant Economic Benefits – (5 Points)

o   Does not identify or substantiate any significant economic benefits – 0

o   Substantiates at least significant economic benefits – 5

 

Jobs assessment – (10 Points)

o   The business concept does not support the creation of the at least 1 full time position – 0

o   Jobs plan does not correspond to the type and scale of the business – 1

o   Jobs plan corresponds to the type and scale of the business – 10

 

Recent Draws / Invitations to Apply – BC Entrepreneur Category:

https://www.welcomebc.ca/Immigrate-to-B-C/Invitations-To-Apply

Participating Communities:

These are organized by Development Regions, some participating communities may currently be temporary paused.

Lower Mainland/Southwest Region


Cariboo


Kootney


Nechako


North Coast


Northeast


Thompson-Okanagan


Vancouver Island/Coast

 

Note: “The information herein is provided for informational purposes only and should not be construed as legal advice. Read our complete Legal Disclaimer on Website”

 

 

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