ENTREPRENEUR IMMIGRATION BC - BASE CATEGORY
Immigration Consultants in Scarborough, Toronto
Springwind Immigrant are aware of your desire to build a successful business in Canada. In terms of immigration, this is combined with the requirement to choose a business program that would allow you to obtain permanent residency in Canada. Selecting the Right Business Immigration Program Can Be Challenging. Contact Us today, you will receive expert assistance on which option is right for you, it will increase your chances of visa approval by working with one of our Regulated Canadian Immigration Consultant (RCIC). Our RCIC is licensed by the CICC to assist you by assessing your eligibility, reviewing all documentation, and submitting it to the Canadian government on your behalf.
Who can apply for for BC PNP ENTREPRENEUR – BASE CATEGORY ?
The Entrepreneur Immigration Base Category is an option for foreign entrepreneurs who establish an eligible new business or buy and improve an existing business in B.C. Using a point-based online system, BC selects the highest-ranked investors from the pool.
What are eligibility Requirements for BC PNP ENTREPRENEUR – BASE CATEGORY?
- personal net worth of at least CAD$600,000
- business and/or management experience; if no business experience, must have the equivalent of a 2-year post-secondary diploma
- basic English or French language skill equal to Canadian Language Benchmark (CLB) level 4 or higher
- have been lawfully admitted in the country where you currently live
- have, or be eligible for, legal immigration status in Canada
Business, job and investment requirements
- establish an eligible new business or buy and improve an existing business
- make an eligible personal investment of at least CAD$200,000 in the business or have At least one-third (33.33%) Ownership/control
- Location : British Columbia at all times
- create at least one new full-time job for a Canadian citizen or permanent resident
What are the six steps of the application process?
- Create a business proposal
- Register your proposal with the BC PNP
- Get a work permit
- Build your business
- BC PNP nomination
- Permanent Residence
EI - Base Category Registration Scoring
Total 200 points (120 points for self-declared section; 80 points for business concept). Must score minimum of 40 points in business concept section. Total score must be at least 115 points to qualify.
Scoring Sections | Points | |
---|---|---|
Self-declared | Experience & Ownership | 24 |
Net Worth | 12 | |
Total Personal Investment | 20 | |
Jobs | 12 | |
Development Region | 12 | |
Adaptability | 40 | |
Self-declared SUBTOTAL score | 120 | |
Business Concept | Commercial Viability | 30 |
Transferability of Skills | 15 | |
Economic Benefits | 35 | |
Business concept SUBTOTAL score | 80 | |
Maximum Score Available | 200 |
Minimum required score for self-declared section:
- Experience and Business Ownership at least 8 points
- Net Worth at least 5 points
- Total Personal Investment at least 8 points
- Jobs Created / Maintained at least 4 points
- B.C. Development Region (no minimum required score)
- Adaptability Factors (no minimum required score)
Business Concept Factors | Points |
---|---|
Commercial Viability: Business Model Market and products/services Eligible personal investment Assessment of proposed personal investment Ownership percentage Risk factors |
30 |
Transferability of skills: (a) Business owner-manager experience only (b) Senior-manager work experience only (c) Language ability |
15 |
Economic Benefits: (a) Key sectors & significant economic benefits (b) Jobs assessment (c) High skilled jobs |
35 |
Maximum Score Available | 80 |
Adaptibility Factors | Points | |
---|---|---|
Language Proficiency | None or minimal, similar to CLB 3 or below | 0 |
Basic understanding, similar to CLB 4 | 4 | |
Intermediate and advanced, CLB 5 or above | 6 | |
Education level | Seconday school or less | 0 |
Associate degree | 4 | |
Diploma / certificate (non-trades) | ||
Diploma / certificate (trades) | ||
Bachelor's degree | 7 | |
Post-graduate diploma / certificate | ||
Master's degree | 10 | |
Doctorate / Phd | ||
Age | Less than 25 | 0 |
25 - 34 | 4 | |
35 - 44 | 8 | |
45 - 54 | 6 | |
55 - 64 | 4 | |
65 or older | 0 | |
Business Exploratory Visits | No, or visited B.C. more than 3 years ago | 0 |
Yes, visited B.C. 1 - 3 years ago | 3 | |
Yes, visited B.C. less than 1 year ago, but did not visit the Regional District of the proposed business | 5 | |
Yes, visited the Regional District of the proposed business less than 1 year ago | 8 | |
Canadian work experience, business experience, or studies from within Canada for at least 12 months | No | 0 |
Yes | 8 | |
Maximum Score Available | 40 |
Ineligible investments
There are not limited to, the following:
- cash and working capital (including reserves and contingency funds)
- wage payments made to yourself and your family members, or other business co-owners
- refundable deposits
- real estate and related fees
- research and development expenses
- fees and costs related to your immigration application, including:
- immigration representative fees
- personal net worth verification report fee
- fees related to the preparation of review engagement financial statements
- BC PNP application fees
Fees (non-refundable)
- $300 registration fee
- $3,500 application fee