British Columbia is now accepting applications for its Entrepreneur Immigration Base Category

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Entrepreneur Immigration Base category accepts new applications from entrepreneurs who are interested in starting or buying a business in British Columbia.
Entrepreneurs Working

British Columbia paused its base category for the Entrepreneur Immigration stream temporarily on July 19, 2021, to align it with the priorities of the Canadian government while supporting the country’s economic recovery. Almost a year after it was temporarily closed, British Columbia has reopened the said stream and will begin accepting applications from experienced entrepreneurs on July 13, 2022.

Changes have also been made to the invitations to apply in conjunction with the reopening of the Entrepreneur Immigration base category. More than one factor may now be considered when issuing the targeted invitation to apply (ITA). The province will, however, continue to conduct draws periodically for entrepreneurs who qualify for the registration pool after receiving high scores.

Factors to consider include:

  • Sector of the business
  • Location of the business
  • Population of the community
  • Starting a business or buying an existing one

Updated Entrepreneur Immigration Scoring System

Besides the changes made to the invitations to apply, the British Columbia Entrepreneur Immigration score system has had some minor changes as well.

The scoring system has been modified in the following ways:

  1. To ensure entrepreneur candidates have a solid foundation for success, human capital, skills, and economic factors will be rebalanced.
  2. Points have also been re-allocated to reflect factors that demonstrate the entrepreneur immigrants’ genuineness and readiness to establish a business in British Columbia, such as exploratory visits.
  3. The maximum score has been changed to 200 points. Business concept scores must be at least 40 points, and the total score must be at least 115 to be eligible.

 

 

Breakdown of Points

Self-Declared Section

Experience & Ownership

24 points

Net Worth

12 points

Total Personal Investment

20 points

Jobs

12 points

Development Region

12 points

Adaptability

40 points

Subtotal for Self-Declared Section

120 points

Business Concept

Commercial Viability

30 points

Transferability of Skills

15 points

Economic Benefits

35 points

 Subtotal for Business Concept

80 points

Available Maximum Score

200 points

Changes to the Criteria and Process of the Entrepreneur Immigration Stream

Moreover, British Columbia made some changes to its Entrepreneur Immigration process and criteria.

Among the changes made are:

  1. The residency requirement is increased to 50 km from the business location.
  2. There must be six digits in the NAICS code that is to be submitted.
  3. Farm-based business applicants in Canada need to meet new formal requirements. They will have to conduct their research rather than submit a third-party feasibility study.
  4. Entrepreneurs must prove that their investments came from their funds.
  5. Changes to contact information must be reported to the BC PNP within a specified time. 
  6. A new language has been added to the BC PNP that allows for targeted application rounds based on several identified factors. 
  7. At the time of the final report submission and until the nomination is approved, applicants must be in Canada.

Take the first step towards your Canadian business dream by building your own business!

Make your dream business a reality in Canada! Chitra and Associates would be glad to assist you in achieving your dream business. Book a consultation with us or reach us at +1-604-484-9474. We can assist you in drafting your business plan according to the Canadian market, as well as in dealing with the needs of your business, from applying for a business license to renting a space.

Disclaimer

Please note that none of the information on this website should be construed as being legal advice. As well, you should not rely on any of the information contained in this website when determining whether and how to apply to a given program.
Canadian immigration law is constantly changing, and the information above may be outdated.
If you have a question about the contents of this blog, or any question about Canadian immigration law, please contact the Author. Please book a consultation if you would like to get answers to general immigration questions and advice specific to your situation.

About Chitra & Associates

Chitra & Associates Immigration Consultants Inc. is an Immigration Consulting company specialising in Canadian Immigration and Visa Services. We provide services in the area of Economic Immigration, permanent residency for Canada for Individuals, Business Immigration, work permits, visitor visas, study permits, and much more.

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