(ii) British Columbia Entrepreneur Immigration Stream:

As the province establishes nomination targets for the program, priority is given to candidates demonstrating the highest potential under a scoring system, to create a successful business, and to contribute significant economic benefits to the province.

The Entrepreneur Immigration stream targets senior managers or business owners who wish to invest in British Columbia businesses.

The Eligibility Requirements

-> The personal net worth of a minimum of $600,000, legally obtained.
-> Invest a minimum of $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.

The Application Process
There are several stages for acquiring a permanent residence and settling in British Columbia through the Entrepreneur Stream:

Step 1. Registration
Complete an online registration including a short business concept and pay a non-refundable fee of $300. Candidates are scored on the information they provide and are placed in a pool for six months or 180 days, or until they receive an invitation.

Step 2. Invitation
British Columbia carries out regular draws, on average one each month for the Entrepreneur stream. Candidates who are invited to apply have four months to submit a complete application. The score takes into account English language ability, age, and Canadian work experience. Candidates can improve their score while in the pool, including by submitting a new business concept.

Step. 3 Net Worth Review
Candidates receiving an invitation to apply will have their net worth reviewed by a qualified supplier, who is a professional chartered accountant. The review includes the amount and source of funds and supporting documents. The candidate is responsible for all costs.

Step 4. Application
Candidates have four months, or 120 days, to submit an application once an invitation is received. Candidates may be required to attend an interview. Approved applicants must sign a performance agreement with B.C. They then have 20 months, or 610 days to implement their business proposal.

Step 5. Building the Business
Candidates get a letter of support from B.C. to apply to Immigration, Refugees, and Citizenship Canada for a two-year work permit. Candidates and their dependents must arrive in B.C. with a valid work permit within 12 months, or 365 days, of receiving a letter of confirmation. The 20 months to implement the business starts when the candidate lands. At the end of the period, candidates must submit a final report to the British Columbia Provincial Nominee Program.

Step 6. Nomination for Permanent Residence
Candidates who meet the terms of their performance agreement are nominated for Canadian permanent residence by B.C.

Dependents (if applicable) will also receive nominations.