British Columbia has introduced a mandatory online registration system, known as Entrepreneur Immigration Registration (EIR), for all prospective applicants to the Entrepreneur Immigration stream of the BC Provincial Nominee Program (BC PNP). A maximum of 200 registrations may be accepted per month, and the BC PNP will periodically invite the highest-scoring registrants to submit applications.
Successful applicants will obtain a work permit and, if the business operation in British Columbia fulfills the requirements of the stream on an ongoing basis, they will be able to apply for permanent residence in Canada through the BC PNP. This stream provides a pathway to Canadian permanent residence for experienced businesspeople who can establish themselves in B.C. and invest in and operate a commercially viable business that can provide significant benefits to the provincial economy.
The BC PNP encourages applicants to make an exploratory visit to B.C. to learn more about opportunities and the local business environment before they register. Registrants and applicants are not advised to make any investments or financial commitments prior to signing a Performance Agreement with the BC PNP and obtaining a valid work permit from Immigration, Refugees and Citizenship Canada (IRCC). Any investment made before an applicant obtains a valid work permit is solely at his or her own risk.
BC PNP Entrepreneur Immigration Requirements-In order to be eligible for MPNP-B, applicants must:
• Applications are assessed on a number of factors, including:
• Business and/or work experience;
• Personal net worth and source of funds;
• Adaptability; and
• Business proposal, which includes proposed investment and job creation in B.C.
• Apart from several personal prerequisites, applicant must also prove investment and business requirements.
Transition to Permanent Residence
If the individual meets the requirements of the Performance Agreement within the 20 months, the BC PNP will nominate him or her for permanent residence. He or she, along with his or her dependent family members can then apply for permanent residence under the BC PNP with IRCC.
Once the entrepreneur completes the terms of the Performance Agreement, he or she can submit a Final Report to the BC PNP to be issued a nomination certificate.