BC Entrepreneur Regional Pilot

Entrepreneurship

The BC Entrepreneur Regional Pilot Stream of the BC PNP is for experienced entrepreneurs who want to invest in and manage a business in British Columbia.

Applicants must be referred by one of the program’s participating communities in BC.

Interested candidates must first register a profile with the BC PNP. After registering a profile the candidate will be assigned a score based on the British Columbia Regional Entrepreneur Pilot Ranking System. The applicants with the most competitive scores will be invited to submit an official application to the program.

Foreign entrepreneurs may also wish to consider the base category of the BC Entrepreneur PNP.

Eligibility Requirements

Requirement

Express Entry Profile No
Connection to Province Exploratory Visit & Community Referral
Job Offer Establish a business with at least 51% ownership
Language Proficiency CLB 4
Level of Education Post-Secondary; or
3 years experience as 100% business owner-manager
Work Experience Within last 5 years:
3+ years as business owner-manager; or
4+ years as a senior manager; or
1+ year as business owner manager and 2+ years as senior manager
Investment Requirement Personal Net Worth: CAD $300,000
Investment: CAD $100,000


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Connection to Province

Interested candidates must participate in an exploratory visit where they travel to one of the program’s participating communities and meet with a program representative. All applicants to the program must be referred to the PNP by a participating community.

Language Proficiency

All candidates must demonstrate English or French-language proficiency equivalent to the Canadian Language Benchmark (CLB) Level 4. Applicants will be required to submit valid language test scores issued within the two years prior to applying.

Level of Education

Candidates must have obtained a post-secondary educational credential or have experience as an active business owner-manager for at least 3 of the last 5 years with 100% ownership in the business.

Job Offer

To be eligible, entrepreneurs must submit a business proposal to establish a new business in a participating community. The applicant must own at least 51% of the business and must create at least one full-time equivalent job for a Canadian citizen or permanent resident.

Work Experience

Within the 5 years prior to applying, candidates must meet one of the following three scenarios:

  • 3+ years of experience as a business owner-manager; or
  • 4+ years of experience as a senior manager; or
  • 1+ year of experience as a business owner-manager and 2+ years of experience as a senior manager.

Investment Requirement

Candidates must have a personal net worth of at least CAD $300,000 and invest a minimum of CAD $100,000 in the creation of their business. Candidates who are invited to apply will be required to obtain a new worth verification report.

Performance Agreement

All applicants are required to sign a Performance Agreement with the BC PNP. Only after completing the conditions set out on their performance agreement will a candidate receive their nomination and be able to apply for Canadian permanent resident status.


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Application Process

In order to apply to the BC Entrepreneur Regional Pilot, a candidate must be referred by one of the province’s participating communities.

To be referred, candidates are required to make an exploratory visit to BC and meet with the program representative from the community in which they wish to create their business.

The Entrepreneur Regional Pilot operates on an Expression of Interest (EOI) system. Once a candidate has a referral from a participating community, they can register a profile using the BC’s online immigration portal and submit their EOI.

The BC Entrepreneur Regional Pilot charges a CAD $300 fee.

Once the profile has been submitted, candidates will be assigned a score and ranked against one another using the BC Entrepreneur Regional Pilot Ranking System.

The highest ranking candidates will be invited to submit an official application. The official application must include a business concept, verification of personal net worth, and supporting documents.

If the application is approved, the candidate will be invited to sign a performance agreement with British Columbia. Once the performance agreement is signed, candidates will be issued a letter of confirmation.

This letter, also called a work permit support letter, allows the candidate to apply for a two-year temporary work permit.

After receiving the work permit, the candidate must travel to BC to launch their new business.

Between 12 and 20 months after arriving in BC, the candidate must submit a final report showing that they met the terms of their performance agreement.
If the final report is accepted, the applicant officially receives provincial nomination and can apply to IRCC for permanent resident status.


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BC Entrepreneur Regional Pilot Ranking System

The British Columbia Entrepreneur Regional Pilot uses the following points-grid to rank candidates who have registered profiles.

Only those candidates with the most competitive scores will be invited to apply to the program.

Scoring Sections Points
Self-Declared
Experience and ownership 24
Net Worth 6
Total Personal Investment 10
Jobs 15
Community Population 6
BC’s Regions 12
Adaptability 67
Self-Declared Subtotal: 140 maximum
Business Concept
Commercial viability 30
Transferability of skills 15
Economic benefits 15
Business Concept Subtotal: 60 maximum
MAXIMUM SCORE available 200 points
Total Duration Points
Senior manager work experience
Minimum Required Score 8 points
Maximum Score Available 24 points
Less than three years of 100% business ownership in past 5 years 0
Less than 24 months 0
Less than 12 months 0
Business ownership
Business owner-manager experience
60 months or more 22
60 months or more 12
49 to 59 months 19
49 to 59 months 8
37 to 48 months 16
25 to 48 months 4
25 to 36 months 12
12 to 24 months 7
100% ownership of a business for at least 3 of the last 5 years 2
Personal Net Worth Points
Your total current assets (cash and liquid)
Less than $10,000 0
$10,000 to $49,999 1
$50,000 to $199,999 2
$200,000 or more 3
Your total personal net worth
Less than $300,000 0
$300,000 to $999,999 2
$1,000,000 or more 3
Maximum Score Available 6 Points
Minimum Required Score 2 points for personal net worth
Amount Points
Less than $100,000 0
$100,000 to $349,999 6
$350,000 to $599,999 8
$600,000 or more 10
Maximum Score Available 10 points
Minimum Required Score 6 points
Number of Propsed FTE Jobs Created Points
Less than 1 0
1 job 10
2 to 4 jobs 11
5 to 7 jobs 13
8 jobs or more 15
Maximum Points Available 15 points
Minimum Required Score 10 points
Community Population Points
10,000 – 14,999 4
15,000 – 19,999 3
20,000 – 39,999 2
40,000 – 75,000 1
5,000 – 9,999 5
Less than 5,000 6
Maximum Score Available 6
BC’s Regions Points
Lower Mainland / Southwest 1
Vancouver Island and Coast 2
Thompson-Okanagan 6
Cariboo 10
Kootenay 10
Nechako 12
North Coast 12
Northeast 12
Maximum Score Available 12 points
Adaptability Factor Points
Language Proficiency
CLB 3 or below 0
CLB 4 5
CLB 5 10
CLB 6 15
CLB 7 or higher 23
Education Level
Secondary school or less 0
Associate Degree, Diploma, Certificate 6
Bachelor’s Degree, Post-Graduate Diploma 14
Master’s Degree, Doctorate 16
Age
Less than 25 2
25 – 29 8
30 – 44 16
45 – 54 10
55 – 64 4
65 or older 0
Canadian Experience
Less than 12 months 0
12 to 24 months of work or studies in Canada 4
More than 24 months of work or studies in Canada 8
Family member living in the community for at least 12 months
No 0
Yes 4
Maximum Score Available 67 points
Commercial Viability Points
Business Model
Unsatisfactory / Unclear 1
Fair / Good 8
Excellent 12
Market & Product
Does not address Market/Product factors 1
Addresses at least on Market/Product factor 4
Eligible Personal Investment
Less than $100,000 not eligible
$100,000 to $299,999 1
$300,000 to $499,999 2
$500,000 to $799,999 3
$800,000 or more 4
Assessment of proposed personal investment
Does not correspond to type or scale of business 0
Corresponds to type and scale of business 5
Corresponds to type and scale of business, the market, the proposed products, the business model, and the industry standard 8
Ownership Percentage
100% ownership 2
Between 51% and 99.99% 1
Less than 51% not eligible
Maximum Score Available 30 points
Transferability of Skills Points
Senior manager work experience only
Maximum Points Available 15 points
Less than 12 months 0
Less than 12 months 0
Business owner-manager experience only
60 months (related experience) 12
60 months (related experience) 8
60 months (direct experience) 15
60 months (direct experience) 10
36 to 59 months (related experience) 6
36 to 59 months (related experience) 5
36 to 59 months (direct experience) 10
36 to 59 months (direct experience) 6
12 to 35 months (related experience) 2
12 to 35 months (related experience) 1
12 to 35 months (direct experience) 5
12 to 35 months (direct experience) 4
Economic Benefit Points
Significant economic benefits
Does not identify/substantiate significant economic benefit 0
Substantiates at least one significant economic benefit 5
Jobs assessment
Business concept supports creation of 0 FTE positions not eligible
Jobs plan does not correspond to the type and scale of the business 1
Jobs plan corresponds to the type and scale of the business 10
Maximum Score Available 15 Points


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Participating Communities
Organized by Development Regions.

Cariboo
North Coast
Kootenay
Nechako
Mainland/Southwest
Thompson-Okanagan
Northeast
Vancouver Island/Coast

 

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Tags: Business in Canada, PNP, work in canada

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