British Columbia Entrepreneur Immigration Regional Pilot
British Columbia Provincial Nominee Program has announced an opening of another category for Entrepreneurs – Regional Pilot Category.
This is a special category only available to the participating regional communities. The program is designed for entrepreneurs who want to open a new business. This category requires lower investment and net worth thresholds from the base category. However, to participate and apply under this category an exploratory visit and community referral are mandatory requirements.
The Entrepreneur Immigration – Regional Pilot has been specially created to support regional communities. It is to attract entrepreneurs with a desire to start businesses, create jobs and settle in regional centres. Entrepreneurs are expected to contribute to their local economy.
If you are interested in investing and actively managing the business and have an intention to settle in a regional community of British Columbia, you may want to see some of the criteria listed below:
Basic minimum criteria for communities to participate:
- Population < 75,000, at least 30 km away from a large population centre.
- Identifies economic development priorities (3-digit NAICS identified).
- Ready to attract foreign entrepreneurs to their community by promoting the community, hosting exploratory visits and making referrals.
You are an ideal Applicant for this program if you meet the following criteria:
- You are an Experienced Entrepreneur.
- You are an investor who is ready with the investment.
- You are confident about your business skills.
- You are adaptable and will be able to live in small regional communities of British Columbia.
- Most important – you have a genuine intent to live in the community and manage the business on your own.
Other criteria for the Regional Pilot Entrepreneur category that you need to fulfil includes:
- You need to have a personal net worth of a minimum $300,000.
- You need to make a Minimum Eligible Investment of $100,000.
- Your business must create at least 1 Job.
- You must have minimum ownership of 51% in the business that you propose to start.
- You are able to prove your language proficiency and must achieve a minimum of CLB 4.
For further details about the program, you must visit the British Columbia Provincial Nominee website.
If you would like to more about the Business Immigration programs available for Canada, you can book a consultation by clicking https://canadaimmigrationxperts.com/book-a-consultation/