The BC PNP’s Entrepreneur Regional Pilot was introduced less than one year ago, with the goal of attracting experienced entrepreneurs to establish a new business and creating new jobs in smaller communities within the province. The regional communities were chosen based on the specific needs of the area, in addition to having a population of less than 75,000 and not being near a large population center.
The newly added communities include Kootenay’s Shuswap Indian Band, Canal Flats, Invermere, Radium Hot Springs, the Regional District of East Kootenay (Areas F and G) and Shuswap Indian Band, Peachland of Thompson-Okanagan, and Parksville of Vancouver Island/Coast.
The pilot is anticipated to deliver for a two-year period, with three draws and 17 invitations having taken place so far.
The Entrepreneur Regional Pilot is a great path to Canadian permanent residency for foreign nationals who are experienced entrepreneurs looking to set up a new business.
To apply for the pilot, applicants needs to create a profile with the BC PNP that will include their work experience, language ability, investment requirement, and a business proposal that would create at least one full-time job for a Canadian citizen or permanent resident. It is also essential for foreign entrepreneurs to participate in an exploratory visit, traveling to one of the program’s communities and meeting with a program representative, so that they may be referred to the PNP by a participating community.
Applicants with the highest ranking scores will then be invited to submit an official application to the program. If the application is approved, candidates will be issued a two-year temporary work permit, allowing them to launch their business in British Columbia.
If the business successfully meets the terms of the agreement over a 12 to 20 month period of being launched, applicants will receive an official provincial nomination and can apply for permanent residence and make Canada their forever home!
Interested in immigrating to Canada through this pilot program? Complete our free online assessment to get started!
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