The province of British Columbia, located in the west coast of Canada and well known for its beautiful weather (considering Canadian standards when it comes to weather), has 2 entrepreneur programs.
This article will concentrate on the Regional Pilot program which is less costly but requires a previous business trip to the province within 1 year before submitting the application. For most applicants, this means an additional cost for a business visa.
Nonetheless, the BC Regional Pilot program for entrepreneurs focuses on applicants who are interested in setting up a business in a rural community with less than 75,000 inhabitants. The program was specifically created to help develop those rural communities.
You will have to set up a business, manage it for at least 1 year, and then be eligible to apply for permanent residency. This is an active investment, not a passive one. You must actively manage the business.
For the details of the program, see the table below:
|PROGRAM||BC ENTREPRENEUR REGIONAL PILOT|
|GOAL||OPEN A NEW BUSINESS|
IN A REGION WITH A POPULATION OF LESS THAN 75,000 INHABITANTS
|WHAT YOU GET||2 YEARS WORK PERMIT|
|ACTIVE OR PASSIVE INVESTMENT||ACTIVE|
|MINIMUM NET WORTH REQUIRED
(can be husband + wife)
|RENT OR BUY||You can rent the business space or buy it.|
After becoming a permanent resident of Canada, you can obtain Canadian citizenship (passport) after 3 years of residency in Canada. These 3 years do not need to be continuous.
some may not apply to your case and some can be replaced/added
|TIME (approximate)||6-12 months.|
|LANGUAGE REQUIREMENTS||IELTS GENERAL 4.|
|MEDICAL COVERAGE IN CANADA (after obtaining a visa)||Yes.|
We help entrepreneurs set up their business and immigration strategy and execute on it.
We believe immigration is more than just a visa. We accompany our entrepreneurs during their entire immigration journey: from business set up to the first work permit, then permanent residency and finally, citizenship.
To book a consultation with a lawyer and explore your business immigration options, email us.