Foreign companies looking to establish a presence in British Columbia may do so through this category.
In the process, the company can propose up to five key staff members to work and become permanent residents in Canada.
The BC PNP highly recommends that applicants make an exploratory visit to B.C. to better understand the local business environment and opportunities prior to making an application.
Minimum Requirements for Companies
To be eligible under this category of the BC PNP Entrepreneur Immigration Stream, companies must:
- Provide evidence of good business practices and success outside of Canada;
- Demonstrate that the key staff members proposed are qualified senior personnel who are essential to the establishment and operation of the business in B.C.;
Only propose key staff members who are eligible for immigration status in Canada. The BC PNP will not accept applications of key staff members who:
- Are prohibited from entering Canada,
- Have not been lawfully admitted in their country of current residence,
- Are in Canada without authorization or are out of status,
- Are working in Canada without authorization,
- Have an unresolved refugee claim in Canada,
- Are under a removal order in or outside of Canada.
How to Apply
In order to apply to the BC PNP under the Strategic Projects Category, applicants must contact the BC PNP to discuss their business proposal.
Business proposals must include the following:
- General company information (year of establishment, a description of business activities, sales revenue, number of employees, etc.);
- Description of the business the applicant intends to establish or purchase and expand in the province;
- Explanation of how the business is related to the company’s core business;
- Due diligence and commercial viabilities study that has been conducted;
- Rationale for the investment, including a detailed investment breakdown;
- Estimated annual revenue; and
- Types of jobs the proposed business will create for Canadian citizens and permanent residents
If the business proposal meets the requirements, the BC PNP will send the candidate an application package by email. It is then up to the candidate and the key staff members to submit all required forms and supporting documentation. The candidate must pay a processing fee of $3,500 CAD plus an additional $1,000 CAD application fee for each proposed key staff member.
The BC PNP will then review the application. If it passes the initial assessment, all key staff members will be required to attend an in-person interview in Vancouver at the BC PNP offices.
If the application is approved, a Performance Agreement must be signed with the Province by the company's designated signing authority. Each key staff member will be issued a work permit support letter by the BC PNP in order to apply for a two-year work permit from Immigration, Refugee and Citizenship Canada (IRCC).
Minimum Requirements upon Application Approval
If an application is approved, the company must perform the following:
- Sign a Performance Agreement with the provincial government;
- Make a minimum equity investment of $500,000 to establish or purchase and expand an eligible business;
- Create at least three new jobs for Canadian citizens or permanent residents for each proposed key staff member; and
- Establish or purchase and expand a company that is incorporated or federally incorporated and registered extra-provincially in BC.